Russian Central Bank sees little risk from oil price volatility
In a decision Friday to keep its key rate static, the Central Bank of Russia said it was unwavering on its estimate of risk outlook tied to oil price volatility. Continue Reading
Gazprom Continues To Ship Gas To Europe Like It’s Winter
Gazprom is currently shipping as much gas to Europe as it typically does in winter months, and expects demand this summer to be close to winter levels, Alexander Medvedev, Deputy Continue Reading
Trade talks continue between oil-rich Iran and Russia
After hinting at a possible free-trade agreement between the two oil-rich countries, a Russian delegation said it was in Iran to explore the future for imports. Russian Prime Minister Dmitry Continue Reading
Russia eyes free trade with Iran
Russian Prime Minister Dmitry Medvedev signs an interim agreement that sets up a free-trade agreement with Iran. Both countries are facing increased U.S. economic pressures. Photo by Yuri Gripas/UPI April Continue Reading
Russia remains China’s top oil supplier for a 13th month in March
Russia was China’s largest crude oil supplier in March, data showed on Tuesday, retaining the lead spot for a 13th consecutive month. Last month, Russia supplied 5.79 million tonnes, equal Continue Reading
Russia Bets Big On Arctic Oil
Gazprom Neft, Russia’s fourth largest oil producer, has big plans for its Arctic oil operations, and it seems that neither sanctions nor production cuts can force it to quit its Continue Reading
OPEC, Russia Back Continued Oil Cuts, Drawing Trump Ire
A group of some of the world’s biggest crude producers said they would keep a tight grip on output for the rest of the year, and perhaps into next, capitalizing Continue Reading
Norway’s Hydro notifies Rusal of possible force majeure
Aluminum maker Norsk Hydro may declare force majeure on contracts it has with Russia’s United Company Rusal due to U.S. sanctions, the Norwegian company said on Friday. The price of Continue Reading
Russia And Iran Hit Back At The Petrodollar
Russia and Iran have launched an oil-for-goods exchange program seeking to eliminate bilateral payments in U.S. dollars and plan to keep it going for five years, RT reports citing Energy Continue Reading
An Oil Deal Between Saudi and Russia Worked. Now What?
Saudi Arabia and Russia forged a risky oil-market deal about 18 months ago, agreeing to throttle back output in an effort to lift prices. It worked. A glut of stored Continue Reading