Novak Russia Freezing global crude oil production for six months with an option for an extension would be the most appropriate and efficient way to rebalance the market, Russia’s Energy Continue Reading
Russia needs money from Rosneft stake sale this year Rosneft may buy back its shares from state, for resale later Russia’s largest oil producer may help the state by buying Continue Reading
Picture taken September 16, 2016. Syria’s state grain buying agency Hoboob struck a deal to purchase one million tonnes of Russian wheat from political ally Russia, covering the needs of Continue Reading
Today, Russian President Vladimir Putin pledged to cooperate with Saudi Arabia’s proposal to reduce oil production in an effort to boost oil prices. Bruce Pile says that Russia and Saudi Continue Reading
The Russian government’s sale of a controlling stake in mid-sized oil firm Bashneft to the country’s largest oil producer Rosneft should give momentum to Russia’s privatization drive, President Vladimir Putin Continue Reading
Head of Russian state oil firm Rosneft Igor Sechin attends a session of the St. Petersburg International Economic Forum 2016 (SPIEF 2016) in St. Petersburg, Russia, June 16, 2016. Igor Continue Reading
Russia’s central bank will face an easier path to interest-rate cuts if oil prices rise further, Governor Elvira Nabiullina said. “If there is a higher oil price, then it can Continue Reading
Oil companies will support Russian state position: VP Fedun Freeze deal with OPEC likely after group’s November meeting Russian oil companies will unify behind their government if talks with the Continue Reading
Russian oil Russia’s state-controlled giant Rosneft will not freeze its production as part of potential non-OPEC and OPEC global efforts to prop up crude prices, Reuters quoted Rosneft’s chief executive Continue Reading
Saudi Arabia and Russia, the world’s two largest crude oil producers, said they’re ready to cooperate to limit output, helping send prices to a one-year high in London. Khalid Al-Falih Continue Reading
