Russia
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Tehran to host 17th Iran-Russia Joint Economic Commission this month
SHANA (Tehran) – The 17th Iran-Russia Joint Economic Commission meeting will be held in the presence of its cochairmen, Iran’s Oil Minister Javad Owji and Russia’s Deputy Prime Minister Alexander Novak, in Tehran this month.
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Saudi Arabia's oil price cuts helping fill the void for Indian refiners
Saudi Arabia's recent move to slash the price of its oil has attracted attention from India, with some refiners now interested in buying crude from the kingdom while oil purchases from Russia plummet.
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Russia plans to cut seaborne oil exports by 100,000-200,000 bpd in Jan: Sources
Russia plans to cut oil exports from its sea ports in January by 100,000-200,000 barrels per day (bpd) from December levels amid increased throughput at its refineries, three industry sources familiar with export plans told Reuters.
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Russia eyes additional oil export cuts of about 50,000 bpd in Dec.: Novak
Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or more, earlier than promised, as the world's biggest exporters try to support the global oil price.
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Chegeni addresses Annual Meeting of Russian Gas Society
SHANA (Tehran) – National Iranian Gas Company (NIGC) Managing Director Majid Chegeni delivers a speech in the Annual Meeting of the Russian Gas Society via videoconference on December 15, 2023, saying Iran is ready for promoting technological cooperation in gas industry with Russia.
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Iran says ready for promoting technological cooperation in gas sector with Russia
SHANA (Tehran) – Iran is ready for promoting technological cooperation in gas industry with Russia, said the deputy oil minister for gas affairs on Friday.
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Russia's Novak: OPEC+ stands ready to take action
Russian Deputy Prime Minister Alexander Novak said on Friday that OPEC+ group of leading oil producers will be ready to make a decision if market situation would require it.
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Iran, Russia to conduct studies on gas transit
SHANA (Bishkek) – Iran and Russia agreed to make technical and economic studies on gas transit between the two countries in collaboration with Kazakhstan, Uzbekistan, and Turkmenistan.
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Lawmaker: Iran-Russia oil cooperation helps boost output, exports
SHANA (Tehran) – Cooperation between Iran and Russia in the oil sector results in increasing production and exports, said a member of Iran’s Parliament on Sunday.
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Iran’s deputy oil minister: Catalysts worth $9m exported to Russia in six months
SHANA (Moscow) – Iran’s deputy oil minister for international affairs and trade on Thursday said an Iranian knowledge-based company exported various types of catalysts worth some $9 million in the first six month of the current Iranian calendar year (starting March 21, 2023).
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Owji: Iran-Russia cooperation contributes to regional states’ progress
SHANA (Moscow) – Iran’s oil minister on Thursday said Tehran-Moscow cooperation paves the way for progress of not only the two countries, but also regional states.
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Russian Energy Week International Forum
SHANA (Moscow) – Iranian Oil Minister Javad Owji attends a specialized session of the 6th Russian Energy Week International Forum in Moscow on October 12, 2023 and Iran’s Institute for International Energy Studies (IIES) and Russia’s Roscongress Foundation sign a memorandum of understanding on bilateral cooperation.
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Owji: OPEC+ supply policies stabilize world oil market
SHANA (Moscow) – Iran’s Oil Minister Javad Owji on Wednesday said unity between member states of OPEC and OPEC+ alliance has led to producers’ desirable consensus on supply and stability of world market and prices.
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Owji says Iran-Russia oil, gas talks will be held in Moscow
SHANA (Moscow) – Iran’s Oil Minister Javad Owji on Wednesday said oil and gas talks will be held with Russian companies on the sidelines of the 6th Russian Energy Week International Forum in Moscow.
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Russia lifts ban on most diesel exports
Russia's government said it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21.
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Russia to decide in November whether to deepen output oil output cuts or raise production – Novak
Russia will consider next month whether to deepen its voluntary oil production cuts or increase output, while separately continuing its current export cuts until the end of the year, Deputy Prime Minister Alexander Novak said on Wednesday.
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Saudi Arabia, Russia to continue voluntary oil cuts until end of year
Saudi Arabia and Russia on Wednesday said they were continuing voluntary oil cuts to year end as tightening supply and rising demand support oil prices.
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Oil prices rise, tight supply back in focus
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.
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Oil prices rise after Russia bans diesel, gas exports
Oil was up more than 1% on Friday following a Russian export ban on diesel and gas.
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Russia's Gazprom Neft CEO: OPEC+ to act if global market faces oil crunch
The OPEC+ group of leading oil producers will act if the global oil market faces a shortage, Alexander Dyukov, head of Russian oil firm Gazprom Neft, said on Wednesday.
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Oil edges up on tighter supplies, heating oil prices
Oil prices edged higher on Monday as tighter supply reflected in fewer exports from Saudi Arabia and Russia and high heating oil prices outweighed concerns about global demand growth amid high interest rates.
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Novak: Global oil demand to grow by 2.4m bpd this year
The global oil demand has recovered after the coronavirus pandemic and will grow this year by 2.4 million barrels per day (bpd), Russian Deputy Prime Minister Alexander Novak said in an interview with the Rossiya-24 TV channel.
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Oil rises 2% as Saudi Arabia and Russia keep supplies tight
Oil prices gained about 2% on Thursday as Saudi Arabia and Russia were taking steps to keep supplies tight into September and possibly beyond.
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Oil prices fall on profit-taking, still record weekly gain
Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked profits from a strong rally, with crude benchmarks recording their third-straight weekly gain.
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Russia, Persian Gulf top diplomats say OPEC+ efforts stabilize global oil market
Top diplomats from Russia and the Persian Gulf Arab states praised "the successful" efforts of the countries of the OPEC+ group, saying they contributed to stability of the global oil market, a joint statement said on Monday.
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Brent crude steady as economic fears offset supply cuts
Brent crude oil prices were little changed on Wednesday as concern over the global economy countered supply cuts announced this week by top crude exporters Saudi Arabia and Russia.
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Oil climbs on concerns Russia political issues may impact supply
Oil prices rose on Monday after a revolt by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world's largest producers.
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Ambassador: Favorable opportunity created for Iran-Russia petrochemical cooperation
SHANA (Tehran) – Iran’s ambassador in Russia on Sunday said a favorable opportunity has been created for Tehran-Moscow cooperation in the petrochemical sector.
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Iran, Russia sign statement of cooperation
SHANA (Tehran) – Iran and Russia inked a statement of cooperation here on Wednesday in the presence of Iran’s First Vice President Mohammad Mokhber and Russian Deputy Prime Minister Alexander Novak.
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Iran, Russia to complete International North-South Transport Corridor
SHANA (Tehran) – Iran and Russia signed an agreement to build Rasht-Astara railway in order to complete the International North-South Transport Corridor (INSTC), Russian Deputy Prime Minister Alexander Novak said on Wednesday.