Are Russia And The Saudis Planning A Natural Gas Cartel?

Gas Flame file photo

(Oilprice.com – Cyril Widdershoven – June 18, 2017) The fledgling production cut strategy of OPEC (Saudi Arabia) and non-OPEC (Russia and the FSU) shows that a new strategy is needed to counter the ongoing doubts in the markets. At the same time, Russia and Saudi continue to give indications of a possible OPEC 2.0 scenario, in which a possible Russian […]

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NEWSLINK: “Rosneft chief Sechin looks beyond Russia sanctions. Putin ally wants stronger ties between oil heavyweights Russia, Saudi Arabia and US.” – Financial Times

File Photo of Rosneft and Russian Flags Next to Rosneft Banner

“… while sanctions may mean Mr Sechin, Rosneft and Russia currently have a strained relationship with the US energy industry, the resolute former deputy chief of staff to Mr Putin has ambitions for a grand coalition between oil’s superpowers: Russia, Saudi Arabia and the US. … reflecting on President Donald Trump’s campaign stance on developing better relations with Russia — which has since […]

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NEWSWATCH: “Russia Says Key Goal Is to Bring Global Oil Stocks Down to Five-Year Average” – Reuters

Oil Well file photo

“The main goal of [a] proposed extension of [an] oil output cuts deal is to bring the global commercial oil inventories down to 5-year average and stabilise the market, Russian Energy Minister Alexander Novak said on Tuesday. … Saudi Arabia and Russia, the world’s top two oil producers, agreed on Monday on the need to extend output cuts for a […]

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Russia’s Military Budget Ranks Fourth Worldwide – Report

Russian Mobile ICBM Parade File Photo

(Moscow Times – themoscowtimes.com – April 5, 2016) Russia no longer ranks among the top three spenders on defense, dropping down to fourth place, the Stockholm International Peace Research Institute (SIPRI) reported Tuesday. The United States remained the leader by far, accounting for 36 percent of all military spending in the world, according to the SIPRI report. In 2015, Washington […]

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Interfax: Cooperation with USA, Saudis against ISIS possible – top Russian diplomat

Russian Foreign Ministry Building Tower file photo

(Interfax – Moscow, November 9, 2015) Russia, Saudi Arabia and the USA can cooperate to fight ISIS and other terrorists in the Middle East if there is mutual interest in this, says special envoy of the Russian president for the Middle East and Africa, Deputy Foreign Minister of the Russian Federation Mikhail Bogdanov. “As regards the trilateral format of cooperation […]

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High-level Iranian and Saudi visits to Moscow raise speculation

Middle East Map

Recent visits to Moscow by the Iranian and Saudi foreign ministers, alongside talks with representatives of the Syrian opposition, have raised speculation that Russia could be acting as a mediator between Iran and Saudi Arabia as the lifting of sanctions on Tehran leave the situation in the Middle East in a state of flux. (Russia Beyond the Headlines – rbth.ru […]

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