Russia offers 17 blocks in West Siberia

Russia is planning to auction 17 state-held oil and gas blocks located in its core hydrocarbon province of West Siberia, in September and October. A total of 20 five-year exploration and development licences for seven blocks are scheduled to be auctioned in the Yamal-Nenets region, which hosts mostly gas deposits...

Europe goes without as Turkey and China see higher Russian gas deliveries

Gazprom and most other Russian Refineries has apparently left customers in northern and central Europe at bare export contract levels this year, diverting most of its incremental output to Turkey, China, Bulgaria, Romania and Greece. The Russian state-controlled gas monopoly’s latest operational statement, plus data from European transmission operators, suggest...

Moscow cheers US waivers for Nord Stream 2 gas pipeline project

Russian authorities have welcomed a decision by the administration of US President Joe Biden to issue waivers against any further sanctions for the eponymous operator of the politically sensitive Nord Stream 2 gas pipeline project in the Baltic Sea and its chief executive, Matthias Warnig. Nord Stream 2 has already...

Russia Captures No. 2 Rank Among Foreign Oil Suppliers to U.S.

Russia is supplying more oil to the U.S. than any other foreign producer aside from Canada as American refiners scour the globe for gasoline-rich feedstocks to feed surging motor-fuel demand. U.S. imports of crude and refined petroleum products from its former Cold War adversary surged 23% in May to 844,000 barrels a...