By Bill Brown, Ari Kahan This article was published by the US Energy Information Administration on Aug. 20, 2019. US petroleum and natural gas production increased by 16 per cent and by 12 per cent, [Read more]
The troika, which is made up of the United States, Russia and Saudi Arabia, has been the driving force behind critical decisions concerning the oil market, pushing out OPEC. Troika production decisions determine if the [Read more]
According to TASS news agency, Russia and Saudi Arabia are in discussions to cut production next year to balance the oil market and stabilize prices. OPEC, allies’ goal to keep oil market close to balance [Read more]
In February, US crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the US surpassed Russia in crude oil production for the first [Read more]
On Wednesday, Reuters reported that OPEC and some non-cartel countries, including Russia, are looking to formalize their cooperation by a enacting a charter that will allow further joint action on production. Organization of Petroleum Exporting [Read more]
John Kemp argues that most of the changes in the power behind the oil market can be traced back for 20 years or more, though some of them have recently accelerated, such as the recent [Read more]
The real negotiations now take place between Riyadh and Moscow, behind closed doors and far away from OPEC headquarters in Vienna, reflecting their market calculations, and relationships with the United States. AFP/Getty Images photo by [Read more]
The Kremlin took a swing at US President Donald Trump’s assertion that Germany was a “captive” of Russia because it relies on Russia for some of its natural gas needs. NBC News photo. US LNG [Read more]
After US President Donald Trump complained about rising oil prices, Saudi Arabia and Russia are considering boosting Russian and OPEC output by about 1 million barrels per day. Anadarko photo. Russian, OPEC output curbed by [Read more]
Russian and Saudi natural gas production expanded significantly in 2017, at 8% and 6% year-on-year growth The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record [Read more]
Out of Middle East countries, Turkey uses more coal powered electricity than most others Planned coal-fired capacity additions from a number of countries in and around the Middle East will add 41 gigawatts (GW) of [Read more]
Russia and the Organization of Petroleum Exporting Countries are looking at forming a joint organization after the OPEC pact to curb global crude supplies expires at the end of the year. Financial Tribune photo. OPEC [Read more]
Citing an early exit from some projects with Rosneft due to 2014 sanctions imposed on Russia by the US and European Union, Exxon recorded a $200 million after-tax loss in the final quarter of 2017. Sputnik [Read more]
A Russian self driving car took on icy roads during recent snowstorm to gather data to help autonomous vehicles travel in wintery conditions. Getty Images photo by Mikhail Svetlov. Russian self driving car test part of [Read more]
Along with participating in the OPEC supply cut pact, Russian Energy Minister Alexander Novak says Russia and Saudi Arabia are also working together on energy projects, including oil services and petrochemicals. Lukoil photo. Russia looking [Read more]
Possible US crude production could soon overtake Saudi Arabia and rival Russia’s International Energy Agency commentary The price of Brent crude oil closed earlier this week above $70/bbl for the first time since Dec. 2 [Read more]
Even if OPEC, Russia deal works as hoped, uptick in US shale production could keep prices depressed Crude oil prices rose Friday on news that OPEC agreed to stabilize global markets. Somewhere in Riydah, Deputy Crown Prince [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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