With oil plummeting near an 18-year low amid unprecedented supply and demand shocks, Russia finally admitted: crude is too cheap. “Of course it’s a low price, we would like to see it Continue Reading
Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Anton Siluanov said on Wednesday, Continue Reading
With WTI crude seeing its third-worst trading day on record, Russia is beginning to feel the squeeze as it sees its oil and gas income tumble while it has to Continue Reading
Russia, hit by falling oil prices and the coronavirus outbreak , has announced the formation of a $4 billion fund as part of a package of measures to support the Continue Reading
Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Anton Siluanov said on Wednesday, Continue Reading
Russian authorities on Monday banned foreign nationals from entering the country, shut state schools and limited public gatherings in Moscow in an effort to curb the spread of coronavirus. The Continue Reading
Russia’s highest court endorsed President Vladimir Putin’s proposed constitution changes, removing one of the final hurdles to him potentially remaining in power until 2036. Mr. Putin last week backed an Continue Reading
Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Antarctica, and Moscow Continue Reading
Until just a few weeks ago, Russian President Vladimir Putin was promising Russians their stagnant incomes would finally pick up along with the economy this year. But his oil market Continue Reading
Last week OPEC conducted meetings with a coalition of partners that have worked together to limit oil production since 2016. It was widely reported that the group hoped to come Continue Reading
