Russia’s Oil Production Won’t Falter
One recent headline from RT had me shaking my head: “Running on empty: Russia has less than three decades of oil remaining.” Yogi was right: “It’s deja vu all over Continue Reading
Turkish Stream Back On The Agenda After Ankara Apology
Russia has indicated that it is ready to restart negotiations on the Turkish Stream gas transport project, after the Turkish president sent an official apology for the downing of a Continue Reading
Russia, China chart new trade course
China is ready to emerge as one of the larger trading partners with Russia in a relationship that extends from military to energy, the Chinese government said. Russian President Vladimir Continue Reading
Ruble Drops Most Since May as Crude Oil Tumbles on Brexit Vote
The ruble weakened the most in almost two months as Britain’s vote to quit the European Union triggered a flight from riskier assets and pummeled the price of crude oil. Continue Reading
EU envoys extend economic sanctions on Russia until end-January: sources
The European Union’s Brussels envoys agreed on Tuesday to extend until the end of January the energy, financial and defense sanctions on Russia over the conflict in Ukraine, diplomatic sources Continue Reading
Russia beats Saudis for third straight month as China’s top crude supplier
Russia beat out Saudi Arabia as China’s largest oil supplier in May, customs data showed on Tuesday, marking the third month in a row the world’s biggest oil producer has Continue Reading
Rosneft’s Sechin says Saudi Arabia, U.S. and Russia call shots on oil markets
Igor Sechin, the head of Russia’s top oil producer Rosneft, said on Tuesday that Saudi Arabia, the United States and Russia were the three main players on global oil markets, Continue Reading
To Avoid The Oil Curse, Russia Needs To Take A Leaf Out Of The Saudi’s Book
When Deputy Crown Prince Mohammed bin Salman first announced the Kingdom’s post-oil blueprint in April many commentators were skeptical . Saudi Arabia, they said, has been talking about ditching its Continue Reading
Recession in Russia is more or less over, Putin says
Even though oil prices remain low compared with 2014 levels, the Russian economy has adapted and is on the path toward growth, the president said. “We are essentially out of Continue Reading
Lukoil to consider spinning off Europe downstream assets, focus on drilling
Russia’s Lukoil may consider spinning off or selling its downstream assets in Europe to focus on exploration both in Russia and abroad, Chief Executive Vagit Alekperov told Reuters in an Continue Reading