Putin Crowns Himself OPEC King
For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if Continue Reading
Russia ready to support oil output deal as OPEC meeting looms
Russia said on Friday it is ready to support extending a deal among oil producers on cutting output, less than a week before OPEC meets in Vienna to discuss policy, Continue Reading
Russia is ready to discuss extension of OPEC deal in Vienna: TASS cites Novak
Russia is ready to discuss an extension of a global deal between OPEC and other countries to cut oil output in Vienna on November 30, TASS news agency quoted the Continue Reading
Oil Production Cuts Taking A Toll On Russia’s Economy
The OPEC/non-OPEC production cuts hurt Russia’s economic growth in October, Economy Minister Maxim Oreshkin said on Thursday in the first negative comment about the pact from a high-ranking Russian official. Continue Reading
Russia’s budget deficit indicative of growth
Russia’s budget deficit is moving in a direction indicative of economic recovery even as oil prices remain low by historic standards, a minister said. The budget deficit will be around Continue Reading
Russian minister says OPEC oil deal hurting domestic economy
Russia’s economic growth in October was negatively affected by a global deal between members of OPEC and Russia to curb crude oil production, Russia’s economy minister said on Thursday. Maxim Continue Reading
Gazprom Speaks Out Against OPEC Production Cut Extension
While OPEC is said to be mostly leaning toward a 9-month extension of the production cuts, Russia’s Energy Minister Alexander Novak and major Russian oil companies discussed last week a Continue Reading
Russia finds 1,000-times normal level of radioactive isotope after nuclear incident claims
Russia’s meteorological service said on Tuesday it had measured pollution of a radioactive isotope at nearly 1,000 times normal levels in the Ural mountains, the first official Russian data supporting Continue Reading
Europe’s Toxic Radiation Cloud Remains A Mystery
One month after a mysterious radiation cloud was observed over Europe, whose source remained unknown last week speculation emerged that it may have been the result of a “nuclear accident” Continue Reading
Oil Price Drop Imminent If Moscow Says “No” To Extension
As the November 30 meeting in Vienna of OPEC and its partners in the oil production cut deal nears, worry has returned among traders: one of the brokers of the Continue Reading