Page 34 - Russia Oil Production

Oil prices jump as Russia-Ukraine conflict stokes supply concerns

Russia, which calls its actions in Ukraine a "special operation", exports some 4 million to 5 million barrels per day of crude oil, and 2 million to 3 million barrels per day of refined products

IOC no longer accepts Russian, Kazakh crude on FOB basis: Report

Indian Oil Corp will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board basis due to insurance risk

Exxon Mobil faces new pressure over dealings with Russia's Rosneft

Exxon holds a 30% stake, alongside Rosneft, Japan's SODECO and India's ONGC Videsh, in Sakhalin Island oil and gas fields in Russia's Far East

Oil prices soar as Western sanctions and pressures on Russia mount

Brent crude rose $4.16, or 4.3%, to $102.09, at 0915 after hitting a high of $105.07 a barrel in early trade

Ukraine conflict: BP exit opens new front in West's campaign against Russia

Companies with Russian assets under pressure; some Russian banks shut out from SWIFT; EU, Canada, Britain shut airspace to Russia

Oil soars as Russia puts nuclear forces on alert, bank sanctions bite

At 0643 GMT Brent crude futures were up $4.69, or 4.8%, at $102.62, after hitting a high of $105.07 a barrel in early trade

Russia-Ukraine crisis: India economy to be among worst hit in Asia - Nomura

A sustained rise in oil, food prices would have adverse impacts on Asia's economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said

Oil prices surge as Russian invasion of Ukraine rings supply alarm bells

Brent crude rose $2.81, or 2.8%, to $101.89 a barrel at 0738 GMT on Friday, after climbing to as high as $101.99

Oil retreats, but still above $100; no supply shocks for India

Brent crude oil surged past USD 105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine

Russian gas supply halt in Ukraine crisis would hurt EU economics: Experts

The bloc would need to both hike imports of liquefied natural gas and impose emergency measures to cut demand.

India, Russia reaffirm commitment to increase sourcing of Russian crude oil

India and Russia reaffirmed their commitment to increase sourcing of Russian crude oil on long term contracts through preferential pricing

OPEC wins, the West loses

Judges, investors force oil firms towards low-carbon future

Russia, Saudi Arabia at odds over output deal ahead of Opec+ meeting

Russian Deputy Prime Minister Alexander Novak has voiced support for a gradual increase in oil output amid improving demand

Russia to ramp up military presence in far east over geopolitical tensions

Russian Defence Minister Sergei Shoigu has said the military presence will be strengthened in the Far East in the wake of rising geopolitical tensions in the region.

Opec cuts output to lowest since 1991 as coronavirus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month, according to the survey.

Brent tumbles to lowest since 2002, US crude dips below $20 per barrel

With Saudi Arabia and Russia set to flood the market with oil next month, producers and shippers have been scrambling to lock oil up in storage as demand falls.

Oil plunges 25%, hit by erupting Saudi Arabia-Russia oil price war

A nearly 25% slump in oil prices triggered panic-selling and heavy losses on Wall Street's main stock indexes as the rapid spread of coronavirus amplified fears of a global recession

BPCL stake sale may get delayed over falling oil prices, market crash

As confidence on equities declines, large oil producers may hesitate to loosen their purse strings, thereby impacting valuations too

'Crazy' Saudi oil price cuts seen reigniting market share war with Russia

Deal between Russia and OPEC shook on Friday when OPEC, led by Saudi Arabia, failed to reach agreement with the world's No. 2 oil producer Russia to deepen production cuts aimed at shoring up prices.

Russian oil output breaches OPEC target again ahead of Vienna talks

Russia currently has about 500,000 barrels a day of spare production capacity, according to Gazprom Neft PJSC, the country's third-largest producer