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Russia

Oil & Gas

Trafigura got $7bn Russian loan for Arctic Oil Deal

Trafigura Group’s purchase of a stake in Rosneft PJSC’s flagship Arctic oil project was funded by a $7 billion loan organized by a Russian bank, according to documents that shed new light on the trading house’s biggest-ever deal.

Oil & Gas

Russia favors further OPEC+ output hike in February

Russia intends to support a further increase in OPEC+ production at the group’s meeting next month, even as a new strain of the coronavirus raises concerns about demand, said officials familiar with the country’s oil policy.

Oil & Gas

OPEC+ heads to crucial talks seeking compromise on oil cuts

OPEC and its allies headed into a two-day meeting with ministers still seeking a compromise on proposals to delay a production boost, after failing to reach consensus in talks on Sunday night.

Oil & Gas

Russia and Saudi Arabia power risks OPEC+ break-up

Frustrated UAE representatives are sending subtle but strong signals that they may be the first in the OPEC+ oil producers group to break free and go it alone.