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Russia’s oil reserves may last only 25 years

Oleg Kazanov, head of Russia’s Federal Agency for Subsoil Use (Rosnedra), stated that of the country’s estimated 81.6 billion tons of oil resources, only 13.2 billion tons—about 16%—are considered ...
Energy Intelligence

Russia Sticks to Oil Production Goals Despite Export Decline

Russia's seaborne exports are declining in November as US sanctions against the country’s two largest oil producers Rosneft ...
Crude Oil Prices

How Will U.S. Sanctions on Russia Impact OPEC+ Strategy?

OPEC+ will meet this weekend to decide December output levels, with sources suggesting a modest 137,000 bpd increase. New U.S. sanctions on Rosneft and Lukoil have injected fresh uncertainty into ...
Reuters

US can squeeze Russia without ‘secondary tariffs’

TINOS, Greece, July 21 (Reuters Breakingviews) - Donald Trump does not need so-called secondary tariffs to crush Russia’s oil revenues, currently running at $160 billion a year. The U.S.
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Sharp drop in sunflower oil production in Russia: How war is involved

Sunflower oil production in Russia has sharply declined. Prices for most food products are also rising there, according to the Center for Countering Disinformation on Telegram. The Center for ...
Crude Oil Prices

Forget OPEC Warnings The Real Oil Shock Is Happening Inside Russia

Ukraine’s drone and missile strikes on Russian refineries, depots, and ports have taken over 1 million bpd of refining capacity offline. Despite talk of an oil glut and OPEC+ output hikes, global ...

US crude oil stockpiles rise as production hits record

Commercial crude oil inventories jumped 6.4 million barrels as U.S. production set new records and refinery capacity utilization rose to 89.4%.