Russia, China examine partnership on developing Arctic shipping route

Russia has turned to China seeking to agree on a collaboration to develop ports as well as other infrastructure in the Arctic. Namely, Russia aspires to partner with China to create a shipping route along the Northern Sea Route.

Russia, Saudi Arabia Seek Extension of Oil Output Cut Deal

Russia and Saudi Arabia are reportedly lobbying for the extension of the deal limiting crude oil production.

Feature: Fuel oil backwardation steepens despite rising exports from Russia

The backwardation in the 3.5% FOB Rotterdam barge market has continued to steepen despite rising fuel oil exports...

Russia ups wheat exports to Turkey after trade row ends

Russia is signing new wheat export contracts with Turkey without any price premiums after the resolution of a...

Russia top China crude supplier in May at record 1.35 mln bpd – customs

Russia supplied a record high amount of crude oil to China in May at 1.35 million barrels per day, making the...

Phl port operators eye Russia market

Port operators such as International Container Terminal Services Inc. of tycoon Enrique Razon, Romero- owned RII...

Russia suspends oil loadings from Ust-Luga due to storm

Russia has suspended oil loadings from the Baltic Sea port of Ust-Luga due to a storm, a spokesman for oil...