After BP-Rosneft deal falls through, Exxon score a major coup with partnership that grants them access to untapped reserves that could top 110 billion barrels of oil equivalent.
Continue reading "Exxon Tie Up Deal With Rosneft To Explore Russian Arctic"
Monday, July 4, 2011
Bloomberg reports that Russian stocks are up for the fifth day as crude oil rose to $95 a barrel.
Continue reading "Russian Stocks Rise Fifth Day on $95 Crude Oil, Greece Bailout"
Monday, March 14, 2011
Spot market oil prices fell to a two-week low in New York on speculation that the worst earthquake in Japan’s history will hurt growth and reduce fuel demand in the world’s third largest economy.
Continue reading "Oil Industry Impact from Earthquake in Japan"
Monday, February 21, 2011
BP and Reliance Industries intend to create a joint commercial interest to purchase, transport and market oil and natural gas. This partnership could prove important for the Indian economy.
Continue reading "Top Oil Producer Targeting Assets in India"
Thursday, July 8, 2010
Japanese and South Korean refiners have increased oil purchases from Russia, eroding the dominance of Middle Eastern suppliers and electing for a more competitive crude source that is three weeks closer by ship. While Russian exports have surged over the last 6 months, the Middle East remains dominant, with total Middle East output in June around 19.9 million barrels, while Russia’s output was 10.3 million barrels, peaking at 330,000 barrels a day in June.
Continue reading "Russia and Middle Eastern Oil Sources Competing for Asian Business"
Friday, June 19, 2009
Russia’s LUKOIL has purchased a stake in a Dutch refinery from France’s Total, gaining a foothold in northwest Europe and blocking a bid by the biggest U.S refiner, Valero, to enter the region. For full story, click here
Continue reading "Russia’s LUKOIL has piped Valero for stake in Total refinery"
Tuesday, June 16, 2009
India’s year-old advice of an oil price band to reduce volatility in the crude oil market has won the backing of Nigeria, Russia, France, Japan, South Korea and the US, but experts say the proposal may be difficult to implement in the absence of a broader agreement between oil producing and consuming nations. For full [...]
Continue reading "India’s proposal for a crude oil price band has found supporters"
Saturday, June 6, 2009
Russian oil producer OAO Lukoil Holdings on Wednesday declared its first-quarter net profit slipped 71% from a year earlier, hurt by a dip in crude prices. For full story, click here
Continue reading "Lukoil has returned to a profit amid higher crude prices"
Friday, May 29, 2009
Russia’s main crude export blend, Urals URL-E URL-NWE-E declared to have traded at above $65 per barrel on Friday for the first time since October 2008. For full story, click here
Continue reading "Russian Urals Crude surged above $65/bbl"
Monday, April 20, 2009
Crude oil output from Russia is expected to boast modest gains in 2009 despite earlier forecasts of a dip in the industry. For full story, click here
Continue reading "Russia’s crude oil output surged"
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Tuesday, September 6, 2011