• 3 minutes The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 32 mins "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 3 days Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 34 mins "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 38 mins "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"

Breaking News:

EU Plans For Gas Supply Interruptions

Saudi Arabia Still Sees Russia As An Integral Part Of OPEC+

Saudi Arabia Still Sees Russia As An Integral Part Of OPEC+

Saudi Arabia’s energy minister has…

Russia’s Coal Exports, Production Hit Five-Year High In 2018

Russia’s production and exports of coal hit last year their highest levels since 2013, according to S&P Global Platts estimates of data from Russia’s Energy Ministry.

Russian coal exports increased last year by 3.4 percent compared to 2017, to reach 191 million mt—the highest level since S&P Global Platts started collecting data on Russia’s coal industry in 2013.

Coal production also reached its highest level since 2013—at 431.76 million mt, Russia’s production increased by 6 percent in 2018 compared to 2017. 

According to Platts estimates and to thermal coal traders who spoke to Platts, Russian producers continue to seek domination on the European market and have been putting in a lot of effort to grab more market shares on the Asian markets such as South Korea and Taiwan.

Last year, the average free on board (FOB) coal prices for the Atlantic and Pacific markets were both higher compared to 2017, which could be a big incentive for Russia to continue producing and exporting more coal to seaborne destinations, according to Platts.

Russia’s Energy Minister Alexander Novak briefed on Thursday President Vladimir Putin on the Russian energy sector production in 2018, saying that the coal production of around 433 million tons was planned to be reached in 2020. Russia plans to invest around US$22.4 billion (1.5 trillion Russian rubles) in its coal industry and port infrastructure, Novak told Putin. 

Russia’s oil production increased by 1.6 percent annually to 556 million tons last year, the energy minister said. Natural gas production beat an 18-year-old record as Russia produced 725 billion cubic meters of natural gas in 2018, raising production by around 5 percent compared to 2017, Novak told Putin. 

Due to the OPEC+ production cuts, Russia’s crude oil production in 2019 could be lower than originally planned—at 552 million tons, or 11.085 million bpd, Novak said last month after the new OPEC/non-OPEC deal was struck. Originally, plans for next year were for Russia’s oil production to stand at 555 million tons-556 million tons, or 11.145 million bpd-11.165 million bpd, according to Novak.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News