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Russia’s oil output rebounds from 3-year-low

Russia’s oil production in the past few days has recovered to the ceiling that Moscow has pledged in the OPEC+ deal, Russian Energy Minister Alexander Novak said, after output had dropped to nearly 3-year lows in the 1st days of July, Oilprice reported.

read more... 22/07/2019

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Turkish Stream Pipeline is Almost Finished, Gazprom Says

Last week Russian state-owned gas giant Gazprom invited bank analysts on a trip to inspect the construction work on the Turkish Stream (aka TurkStream) pipeline. They report work on the pipeline is on schedule and that it is 90% complete and should go online before the end of the year.

read more... 12/07/2019

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Polish Gdansk port H1 crude arrivals hit record high on Druzhba outage

According to Platts, Poland's oil pipeline operator PERN said crude deliveries to Gdansk's Naftoport increased almost 30% year on year in the 1st half of this year to 8.3 million mt, a record high, as a result of the suspension of Russian pipeline deliveries.

read more... 11/07/2019

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Russian oil output falls to near 3-yr low in early July - sources

Russian oil production fell close to a three-year low in early July, to 10.79 million barrels per day (bpd), dragged down by declining output at Rosneft , the country’s largest oil producer, industry sources told Reuters on Tuesday.

read more... 10/07/2019

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Russia's Gazprom signs 5-year contract with Turkmenistan for natural gas

Russian state gas producer Gazprom has signed a 5-year contract with Turkmengaz turkenfor natural gas purchases, the Russian gas producer said on Wednesday.

read more... 04/07/2019

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