Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency Continue Reading
When it comes to containing coronavirus, the Kremlin has a solid plan: Russia’s president Vladimir Putin promises everyone a month-long holiday; regional governors have to come up with painful restriction Continue Reading
Russia would target a 1 million barrel-a-day cut in any new deal with other key oil producers, on condition the U.S. joins cuts, according to four people familiar with the Continue Reading
Oil and gas production in the North Sea became viable due to the 1973 oil crisis. The Arab-Israeli conflict caused a serious disruption that led to skyrocketing prices. Energy security Continue Reading
ion in oil markets and would be willing to participate in production cuts as part of a “broad” international effort, Petroleum and Energy Minister Tina Bru said Saturday. The announcement Continue Reading
Russia still supports talks with other leading oil producers on stabilizing the market, Kremlin spokesman Dmitry Peskov said Sunday. “Russia was not a supporter of ending the OPEC+ deal. President Continue Reading
Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. View full Continue Reading
The OPEC+ meeting to try to end the oil price war is unlikely to go ahead on Monday as previously expected, as Riyadh and Moscow trade barbs about who’s to Continue Reading
DUBAI, United Arab Emirates (AP) — Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing Continue Reading
Vladimir Putin said a cut to global oil production of about 10m barrels a day is possible, but only if all major crude producers including the US join in the Continue Reading
Putin urges the United States to participate in oil output cuts. The United States should join with Russia and the Organization of the Petroleum Exporting Countries in cutting crude oil Continue Reading
When Vladimir Putin was given a dire forecast of the economy under the cloud of a crippling coronavirus pandemic and a sharp fall in global demand for petroleum, the Russian Continue Reading
UK electricity demand has fallen between 15% and 19% since the coronavirus lockdown March 23, electricity balancing and settlement code manager Elexon said Friday. Receive daily email alerts, subscriber notes Continue Reading
President Vladimir Putin on Thursday prolonged until April 30 a paid non-working period across Russia, stepping up measures to stem the spread of coronavirus just a week after the Kremlin Continue Reading
Before the pandemic halted daily life and shattered economies, the European Union had set a course for a difficult re-invention. By 2050, the bloc had decreed, under the banner of Continue Reading
Following US President Trump’s earlier tweet that he had discussed oil prices with Saudi Arabia’s Crown Prince, Texas Railroad Commissioner Ryan Sitton reports that he discussed with Russian Energy Minister Continue Reading
With lockdowns across Europe weighing heavily on consumption of ultra low sulfur diesel as road fuel, more and more material has started ending up in the heating oil pool instead Continue Reading
Euro zone business activity collapsed last month as attempts to contain the coronavirus pandemic pushed governments across the continent to shut down vast swathes of their economies, from shops to Continue Reading
The Kremlin’s proposed constitutional amendments to extend Putin’s tenure could still set Moscow up for having to deal with a transition of power at a time of severe economic hardships…. Continue Reading
The French government has officially sanctioned the malaria drug chloroquine to fight the SARS-CoV-2 virus, France 24 English reported Saturday. “This ensures continued treatment of patients who have been treated Continue Reading
France became the fourth country to pass the 4,000 coronavirus deaths threshold on Wednesday, after Italy, Spain and the United States, as the government scrambles to stay ahead of the Continue Reading
President Vladimir Putin is taking precautions to protect himself against coronavirus, the Kremlin said on Wednesday, as Moscow authorities launched a smartphone app to track people who have been ordered Continue Reading
In the town of Coccaglio, an hour’s drive east of here, the local nursing home lost over a third of its residents in March. None of the 24 people who Continue Reading
Spain has shed close to 900,000 jobs, more than half of them temporary, since it went into lockdown in mid-March to fight the coronavirus outbreak, social security data showed on Continue Reading
Russia’s coronavirus case tally jumped to 3,548 on Thursday, a record daily increase of 771, Russia’s crisis response centre said. Cases have been recorded in 76 of Russia’s more than Continue Reading
President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of stanching an historic plunge in oil prices. Trump, speaking at the White House Tuesday, Continue Reading
Strict lockdowns in Moscow have been followed up by regions across the country The Russian parliament has approved an “anti-virus” package of laws including up to seven years in prison Continue Reading
MOSCOW (Reuters) – Authorities in Moscow unveiled a smartphone app designed to keep tabs on people who have been ordered to stay at home because of the coronavirus and Russia Continue Reading
Isolation measures imposed to staunch the spread of the coronavirus thrust central European manufacturing, the region’s main growth engine, into the deepest declines at least since the global economic crisis. As Continue Reading
Russia doesn’t plan to increase crude production given the huge oversupply in the global market, according to a government official, a potentially dovish signal in the price war with Saudi Continue Reading
Russia’s Rosneft has canceled VLCC cargoes scheduled to carry 5.7 million barrels of Venezuelan oil because of U.S. sanctions, Reuters reports , citing data from PdVSA, and shipping data from Continue Reading
US President Donald Trump and Russian President Vladimir Putin agreed on Monday to have energy officials from both countries discuss the dire state of the global oil market, the Kremlin Continue Reading
Russian President Vladimir Putin discussed the situation on global oil markets with his US counterpart, Donald Trump, Monday, according to a statement issued by the Kremlin press service. “There was Continue Reading
The ski pistes are open, the restaurants are doing ample business and the malls are awash with shoppers. Welcome to Sweden, the last holdout among the small number of Western Continue Reading
Russian oil giant Rosneft PJSC sold its assets in Venezuela to the Russian government, in what may be a maneuver to avoid any U.S. sanctions in an escalating fight between Continue Reading
In an unexpected move, Russian state oil giant Rosneft announced that it would halt all activities in Venezuela and sell all its assets related to activities in the country. “Today, Continue Reading
From the stage of an evangelical superchurch, the leader of the gospel choir kicked off an evening of prayer and preaching: “We’re going to celebrate the Lord! Are you feeling Continue Reading
European stock markets headed lower on Monday, as fears about the economic hit from the coronavirus pandemic intensified with several nations extending near-total lockdowns. The pan-European STOXX 600 index was Continue Reading
A day after President Vladimir Putin announced a nine-day paid national holiday in a bid to stem the spread of Covid 19, hotel reservations in the seaside town of Sochi Continue Reading
As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently. As fate would have it, in what many Continue Reading
Norway’s state-controlled Equinor on Monday raised the expected ‘plateau production’ target for the first phase of its Johan Sverdrup field to 470,000 b/d, from 440,000 b/d previously, and said it Continue Reading
Russia said on Friday U.S. “narco-terrorism” charges against Venezuelan President Nicolas Maduro were absurd, adding that sanctions on Caracas could become “a tool of genocide” amid the coronavirus outbreak. The Continue Reading
Brussels has rejected UK government claims that an “initial communication problem” meant that Britain missed out on participating in the joint procurement of ventilators, insisting that the UK was fully Continue Reading
The death toll from an outbreak of coronavirus in Italy has surged by 919 to 9,134, the Civil Protection Agency said on Friday, easily the highest daily tally since the Continue Reading
Air pollution in some of Europe’s major cities has dropped dramatically since governments ordered citizens to stay home to contain the spread of the novel coronavirus. Readings from the Copernicus Sentinel-5P Continue Reading
The coronavirus pandemic has given Russian President Vladimir Putin a fresh opportunity to drive home for worried Russians a recurring theme of his long reign: Western liberal democracies are weak, Continue Reading
Parks are closing across the country but many Russians are not sure what all the fuss is about Russia is beginning what Vladimir Putin called a “non-working week”, to try Continue Reading
Italy has become the first western developed nation to idle most of its industry to halt the spread of the coronavirus, a potential cautionary tale for other governments, such as Continue Reading
Russian oil and gas producers said Thursday that measures introduced so far to combat the spread of the coronavirus in Russia will not affect oil and gas production and supply. Continue Reading
A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should also Continue Reading
