Latest news
LUKOIL drilled the 2nd well in the Eastern part of the Yuri Korchagin field
LUKOIL completed the construction of the 2nd production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.
read more... 15/11/2018
Saudi Arabia, Russia discussing possible oil-production cuts
Saudi Arabia's energy minister said Sunday that the kingdom will reduce exports by about 500,000 barrels a day from November to December. Khalid al-Falih made the comment at a meeting of oil producers in Abu Dhabi.
read more... 12/11/2018
Asia overtakes Europe as Russian Rosneft's main export market
Russian oil major Rosneft is sending half its oil production to Asia
read more... 09/11/2018
US oil production is set to soar past 12 million barrels per day
Rising shale production is putting the United States on track to hit the 12 million bpd oil production mark sooner than previously forecast, the Energy Information Administration said in its November Short-Term Energy Outlook.
read more... 08/11/2018
Japan set to prepare for resuming Iran oil imports - trade minister
TOKYO (Reuters) - Japanese buyers of Iranian crude are expected to prepare for resuming oil imports from the Islamic Republic after the country was granted a waiver from U.S. sanctions, trade minister Hiroshige Seko said on Tuesday.
read more... 06/11/2018