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The Russian company spent $100 billion on its transformation into a global oil giant. → Read More
The risks associated with Rosneft PJSC’s $6 billion advance to Venezuela’s oil company for future crude shipments have deepened after the Latin American nation announced plans to restructure crushing debts. → Read More
Saudi Arabia said the schedule for the blockbuster initial public offering of its state-owned oil giant isn’t “slipping,” with the kingdom still targeting a sale by the end of 2018. → Read More
Putin held talks with Saudi King Salman bin Abdulaziz, as the two energy superpowers seek agreement on whether to extend a deal curbing oil supplies. → Read More
Cooperation between Saudi Arabia and Russia has “breathed life back into OPEC” and made the country more optimistic about the outlook for oil than it has been for several years, said the kingdom’s energy minister. → Read More
Saudi King Salman bin Abdulaziz is beginning an historic first visit to Russia by a monarch of the Gulf kingdom as he seeks an understanding with President Vladimir Putin to extend an agreement curbing oil supplies. → Read More
Venezuela will fulfill its sovereign-bond obligations even though U.S. sanctions are affecting its ability to conduct normal debt relations, said President Nicolas Maduro. → Read More
Air Astana JSC, Kazakhstan’s flagship carrier, said a scarcity of jet fuel is threatening its operations in the Central Asian nation as Russian rivals suck up supplies. → Read More
Russia would benefit from extending the accord with OPEC to limit oil production, said the country’s finance minister. → Read More
Russia’s largest oil company disclosed another advance payment to Venezuela’s state producer after the U.S. sanctioned President Nicolas Maduro on Monday. → Read More
Russia wants to stick to the current OPEC deal and would oppose any proposal for deeper production cuts at the group’s ministerial meeting later this month, said four Russian government officials. → Read More
Rosneft PJSC said oil output was uninterrupted after the servers of Russia’s largest crude producer were infected by a virus that targeted companies across the country and neighboring Ukraine. → Read More
Rosneft PJSC said it has all but completed its joint purchase of India’s Essar Oil Ltd., expanding its access to the Asian nation’s burgeoning fuel market. → Read More
A combative billionaire commodity trader and a nation at the center of a political storm in the Middle East are about to join the board of Russia’s largest oil producer. They’ll feel right at home. → Read More
Russian opposition leader Alexey Navalny was detained by police outside his apartment in southern Moscow after calling on supporters to mount an unsanctioned protest near the Kremlin, his supporters said. → Read More
The day after President Donald Trump said the U.S. will exit from the Paris climate deal, the Russian chief of the world’s largest listed oil producer by output is taking on electric cars. → Read More
Rosneft Oil Co. PJSC signed more oil deals with Iraq’s Kurdish region as the state-owned Russian company expands its footprint in the Middle East. → Read More
Russia’s most powerful oil boss said the deal between OPEC and its partners to curb output won’t stabilize the crude market over the long term as U.S. shale fills the supply shortfall. → Read More
Russia’s deal with OPEC has bolstered state coffers by putting a floor under crude prices, but it’s also had one unintended consequence: depressing output in the nation’s West Siberian oil heartlands. → Read More
Russia is pressing ahead with its biggest-ever auction for renewable energy, seeking to award contracts to purchase 1.9 gigawatts of clean electricity as well as attracting foreign investment to support jobs at home. → Read More