Russia says it can deal with pain of a Saudi oil price war
Russia said it could withstand low oil prices for as long as a decade, setting the stage for a prolonged battle with Saudi Arabia after talks over further production cuts Continue Reading
Russia says can cope with $25-$30/b oil as ruble hits 4-year low
The Russian government Monday said the domestic economy could withstand oil prices falling to $25-$30/b and that Russia would maintain its share of the global oil market after the ruble Continue Reading
Russia breaks Opec oil alliance as it takes on US shale
Just as the coronavirus outbreak wreaks havoc on the oil market, Russia has spotted an opportunity to hurt rivals in the US shale patch. Moscow’s partner’s in Opec now are Continue Reading
Russia, Turkey agree ceasefire deal for Syria’s Idlib
MOSCOW (Reuters) – Turkey and Russia agreed a ceasefire deal on Thursday in Syria’s Idlib region, their two leaders said after lengthy talks in Moscow to contain a conflict which Continue Reading
Moscow crushes record for warmest winter as milestones are set across Europe and North America
The meteorological winter of 2019-2020 shattered temperature records in Russia and France as well as other parts of Europe and the United States. In Moscow, this was the warmest winter Continue Reading
Russia’s Oil Production Rises Ahead Of OPEC+ Meeting
Russia’s average oil production increased to 11.29 million barrels per day (bpd) in February, up by 3.2 percent on the year and slightly up from 11.28 million bpd in January, Continue Reading
Putin says current oil price acceptable, backs continued OPEC+ cooperation
Russian President Vladimir Putin said Sunday that current oil prices are acceptable for Russia and he backed continued cooperation through the OPEC+ agreement to ensure market stability and combat the Continue Reading
Falling oil prices threaten to derail Putin’s spending promises
Russian President Vladimir Putin’s spending promises are under threat from falling oil prices that could hurt the savings the Kremlin is tapping to rekindle growth. The coronavirus outbreak last week pushed Continue Reading
Russia: Coronavirus Impact On Oil Is Worse Than Expected
Russia continues to refuse to announce its position regarding deeper cuts by the OPEC+ coalition, but admitted that the coronavirus outbreak could lead to additional downward revisions to the global Continue Reading
PDVSA Finds Another Rosneft Subsidiary To Do Its Bidding
The US may have dealt Venezuela another blow by sanctioning Rosneft subsidiary Rosneft Trading last week, but as the company dealing the most oil from Venezuela is hamstrung, another Rosneft Continue Reading