FSUOGM - Former Soviet Union Oil & Gas

29 April 2020

Investors sue Moscow exchange after WTI swings negative

28 April 2020

More than 150 investors are preparing to launch a class action lawsuit against the Moscow Exchange (MOEX) worth RUB1bn ($13mn), after West Texas Intermediate (WTI) futures closed at a negative prices, but did the Urals blend also go into the red?

CCC wins Arctic LNG-2 contracts

24 April 2020

Compressor Controls Corp. (CCC), a division of US-based Roper Technologies, has been awarded several contracts by Russia’s Novatek relating to the Arctic LNG 2 project.

Azerbaijan ‘forced to tell BP to cut oil production sharply’

24 April 2020

Extent of OPEC+ output restrictions drawn up to tackle price crisis leaves Baku with little choice but to include energy major in reductions.

MOSCOW BLOG: Russia caught out by oil plunge

24 April 2020

Did Russian President Vladimir Putin just screw up in a spectacular fashion? Russia pulled out of the OPEC+ production cut deal on March 6, setting off a downward spiralling of prices that ran out of control

Examining the WTI collapse

23 April 2020

The unprecedented crash in WTI prices into negative territory has been attributed primarily to the mechanics of futures contracts, but nonetheless illustrates an oversupply crisis as storage fills up.