In January 2020, Russia and Turkey officially commissioned the 31.5 bcm/year TurkStream gas pipeline stretching 930 km across the Black Sea and that will supply 15.75 bcm/year to Turkey and 15.75 bcm/year to Bulgaria, Serbia and Hungary.

The US Senate on Jan. 1 voted to override President Donald Trump's veto of the US National Defense Authorization Act (NDAA) which includes new provisions related to Nord Stream 2 under the Protecting Europe's Energy Security Clarification Act (PEESCA).

In comments, cleared for publication on Friday, Novak also said that Moscow views an oil price between $45 and $55 per barrel as the optimum level to allow for recovery of its oil production,

"Iran and Russia have always had close and growing cooperation in the field of oil and energy, and this cooperation will continue,"

Iranian Oil Minister Bijan Namdar Zanganeh said his country welcomes the Russian companies’ investment making in its oil sector

Gazprom's overall amount of investments for 2021: RUB 902.413 billion. This budget will provide for a full coverage of Gazprom's liabilities without a deficit.

"The OPEC+ deal has been with us for almost nine months and will continue until April 2022, but it can be extended until the end of 2022," Prince Abdulaziz said, adding that market skeptics and speculators will remain "on their toes".

Russia’s nuclear tug, Nuklon, will be able to deliver 10 tons of cargo to the Moon in 200 days, according to documents from Roskosmos,

"Today, my friend and colleague and I discussed cooperation in the OPEC+ multilateral format, and joint action and coordination in the international market.

"Nord Stream 2 confirms the resumption of pipelay works planned for Dec. 11," a project spokesman told

OPEC+ compliance with its production cuts stayed stable at 100.2%.

In April 2020, the OPEC+ decided to cut their overall crude oil production by 9.7 mb/d over the 1 May 2020 - 30 June 2020 period, in an attempt to reduce the global oversupply and to firm up depressed oil prices in a context of COVID-19 pandemic.

US opposition to the project -- on the grounds that it gives Russia too much leverage over European energy security -- continues to intensify.

Russia’s economy is on track to contract about 4% this year, according to the central bank,

Moody's Investors Service ("Moody's") has today upgraded RusHydro, PJSC's (RusHydro) Baseline Credit Assessment (BCA) to baa3 from ba1.