Russia launches plan for a low carbon future

Russia has set out a long-term, low carbon development plan spanning on the next three decades. According to the plan, Russia will reduce GHG emissions by a third by 2030 from 1990 levels.

Oil market can achieve up to 3m barrels per day from April

Rystad Energy estimated that the extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), while OPEC+ countries are able to add next month 2 million bpd, according to their storage, spare capacity and ramp up capabilities.

Saudi Arabia now offers its own cheap oil barrels

Saudi Arabia increases efforts to send Russia’s Urals oil grade out of its markets as it offers its own cheap barrels, as the two countries’ deal to support global oil prices fell apart.

ADNOC aims for more oil

ADNOC, UAE’s oil giant, stated that it will boost its efforts and produce more oil, aiming to increasing the supply to over 4 million barrels per day in April 2020, following the collapse of the OPEC+ agreement and the oil price war between Saudi Arabia and Russia.

Icebreaker needs assistance after record North Pole voyage

After having set historical record in winter ice, the Russian icebreaker «Kapitan Dranitsyn» requested assistance to return to Russia as it made its way to the North Pole to support the MOSAiC expedition. The 129 meter-long icebreaker left Norway on 3 February.

Tanker owner to comply with US sanctions against Rosneft

Tanker Owner, Mercantile & Maritime, reported that it will halt its shipments of Venezuelan oil for Rosneft, following the United States’ sanctions  against the Russian oil giant’s Geneva-based trading arm Rosneft Trading S.A.