Ben Harris, US Assistant Secretary of the Treasury, said Thursday, February 16, that Russia’s decision to reduce crude oil production by 500,000 barrels per day reflects its inability to sell all of its oil, as Russian Deputy Prime Minister Alexander Novak announced last week that Moscow will voluntarily reduce production …
Read More »Russian fuel exports fell by 10% between February 1 and 12
Russia’s seaborne oil product exports fell about 10 percent between February 1 and 12 compared to the same period in January, traders said, as a result of EU sanctions, a lack of available tankers and storm closures of ports, the Refinitiv data showed. The European Union imposed a price ceiling …
Read More »Russia to cut oil output by 500,000 bpd in March
Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said on Friday, after the West imposed price caps on Russian oil and oil products. The price of Brent crude rose on the news of the output …
Read More »Russia expects its oil production to decrease in 2023
Russian news agencies quoted Deputy Prime Minister Alexander Novak as saying on Friday that there is a possibility that the country’s oil production will decline in 2023, as a result of pressure exerted by the European Union and the ceiling set by the Group of Seven for the price of …
Read More »Russia warns of consequences after UK fighter jet deliveries to Ukraine
British fighter jet deliveries to Ukraine would have military and political ramifications for the entire European continent according to the Russian embassy in London.The headlines from Tass follow Ukrainian President Volodymyr Zelensky’s call for deliveries of British warplanes to ensure a victory that would “change the world.”There has been little …
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