The probability of another drastic collapse in oil prices is low, though recovery won’t be substantially above current rates, Russia’s Central Bank chief said. The price for Brent crude oil Continue Reading
Russian President Vladimir Putin warned Germany’s Chancellor Angela Merkel on Monday of the risk of Ukraine siphoning off Russian gas destined for Europe, the Kremlin said. In a statement, it Continue Reading
Russian servicemen drive T-90 tanks during a rehearsal for the Victory Day parade in Red Square in central Moscow, Russia, May 7, 2015. Russia will celebrate the 70th anniversary of Continue Reading
CEO Sechin says ‘considerable’ negative export duty lag effect Oil output rose to 4.15 million barrels a day in quarter Rosneft PJSC, Russia’s biggest oil producer, said third-quarter profit dropped Continue Reading
As lifting of sanctions on Iran boosted the influx of Iranian crude into international oil markets, some analysts and industry experts reckon that Iran and Russia are likely to be Continue Reading
It didn’t take long for Russia to roll out the red carpet for Donald Trump. Lawmakers burst into applause when Trump’s shock victory over Hillary Clinton was announced in the Continue Reading
Oil pipelines OPEC Secretary General Mohammed Barkindo offered the market another treat today, saying that Russia is “ on board ” with “the Algiers accord.” This assurance, following numerous other Continue Reading
Russian natural gas company Gazprom could spend more than a half billion dollars on its latest pipeline efforts in Turkey, media reported Monday Russian news agency Tass reports Gazprom aims Continue Reading
China’s Beijing Gas Group Company has reportedly acquired a 20-percent stake in a subsidiary of Russian Rosneft, giving the Russians help in developing resources in eastern Siberia and access to Continue Reading
Russian natural gas will at the very least remain at a steady level in the European market, though some level of growth is likely, a Gazprom official said. “I can Continue Reading
