Verbal stimulus puts oil prices back in rally mode
Crude oil prices erased a pronounced slump in early Monday trading after Russia signaled it would join a production agreement reached last month in Algeria. Oil prices traded in the Continue Reading
Exclusive: Russia’s Rosneft boss Sechin says no to oil output cut
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 and Turkey sign gas deal, seek common ground on Syria as ties warm
Russian President Vladimir Putin (L) and his Turkish counterpart Tayyip Erdogan arrive for a news conference following their meeting in Istanbul, Turkey, October 10, 2016. Turkey and Russia signed an Continue Reading
Putin Says Russia Ready to Join OPEC Effort to Limit Oil Supply
Freeze or cuts are ‘only proper decision’ for current market Russia calls on other oil exporters to also limit production Russia, the world’s largest energy exporter, is ready to join Continue Reading
Oil Hits One-Year High as Putin Supports OPEC Deal
Crude prices hit a one-year high Monday after Russian President Vladimir Putin came out in support of international efforts to limit production, raising hopes for coordinated action to bring world Continue Reading
Oil jumps to year-high as Putin speaks up for output cap
Oil rose to its highest level in a year after Russian president Vladimir Putin said that he backed efforts for a production cap in the clearest sign yet that the Continue Reading
Russia and Turkey agree gas pipeline deal
Russia and Turkey have put tensions over Syria behind them to agree a gas pipeline deal which would open a new route for Russian energy to western Europe. The TurkStream Continue Reading
Russia prefers to freeze oil output, not cut it: Novak
Russian Energy Minister Alexander Novak attends the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria September 27, 2016. Russia will consider a proposal from the OPEC oil producers’ group Continue Reading
Russia has significantly cut gas prices for Belarus: Belta
Russia has significantly cut gas prices for Belarus, which will pay off its debts to Russia for previous gas supplies, the Belta news agency cited Belarussian Deputy Prime Minister Vladimir Continue Reading
Is Russia Diversifying Away From Oil Fast Enough?
Russian Energy Minister Novak Russia needs to diversify away from oil and gas, and fast, says the chief executive of the country’s largest lender, Sberbank. According to German Gref , Continue Reading