U.S. Energy Secretary Rick Perry told his Russian counterpart Alexander Novak in Moscow on Thursday that Washington and Moscow could work together as leading energy producers to ensure global market Continue Reading
The General Court of the European Union upheld sanctions imposed on several Russian oil companies and banks after the annexation of Crimea in 2014 and Russia’s involvement in the Ukraine Continue Reading
Russia’s central bank is set to make its most anticipated decision on the benchmark lending rate in years. After a week in which the rouble fell to a two-year low Continue Reading
Russia’s top oil producer Rosneft said on Wednesday it has agreed with China’s CNPC that the latter can buy minority stakes in Rosneft oil and gas projects in Siberia. Rosneft Continue Reading
Global oil markets remain “fragile” due to geopolitics and production declines in several regions, Russia’s energy minister said on Wednesday but added his country could raise output if needed. The Continue Reading
Turkey, Russia and Iran reached an agreement to conduct bilateral trade in their own currencies, and to avoid the use of US dollars, Turkey’s state-owned Anatolia news agency reported. Receive Continue Reading
Something strange happened last week: Russia’s largest independent gas producer, Novatek, surpassed in market value state behemoth Gazprom for the first time ever. Yet, as strange and possibly even unnatural Continue Reading
Russia’s energy minister Alexander Novak believes OPEC, Russia and their allies within the production cut alliance should ink an agreement on the group’s broader cooperation in December so that the Continue Reading
Moscow — Russia’s energy minister Alexander Novak plans to meet with his US counterpart Rick Perry in Moscow on Thursday to discuss oil and gas markets, Iran sanctions, and the Continue Reading
MOSCOW (Reuters) – Russian oil firm Lukoil plans to spend at least $1 billion buying back shares by the end of next year, Interfax cited the company’s first vice president Continue Reading
