Russia to Drill Idle Oil Wells Once OPEC Deal Expires
The Russian government has tentatively approved a plan on drilling idle oil wells in order to prepare for the restoration...
Energy
Russian Gas Transit via Poland Has Almost Halted: Interfax
Russian natural gas transit via the Yamal-Europe pipeline, which traverses Poland, has almost dried up, Interfax cited gas pipeline operators...
Oil Demand Recovers 20% in May: Energy Minister
Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister...
Global Oil Market May Stabilize June-July: Novak
Russia’s energy ministry sees global oil demand and supply balancing in the next two months, it said on its Twitter...
Peak Fossil Fuels Is Next Test for Russian Economy
The economy of the world’s biggest energy exporter is heading for its deepest slump in more than 10 years due...
Iraqi, Saudi Energy Ministers Say Committed to Output Cuts
Iraq and Saudi Arabia agreed on Saturday to continue working to re-balance markets and stressed their commitment to output cuts...