Russia’s Oil Giants Feel The Crunch But Stay In The Black
It takes quite a bit to shock a Russian oil company, especially one operating amid economic sanctions on top of a crude oil price slump. To date, big Russian oil Continue Reading
Russia sees economic growth as ‘imminent’
Russia’s economy could show signs of recovery by the second half of 2016, assuming an average annual oil price of $40 per barrel, the Central Bank said. The Central Bank Continue Reading
Russia unveils new passenger plane it says will rival Boeing, Airbus
Russian Prime Minister Dmitry Medvedev attends a ceremony to present the Irkut MC-21 mid-range jet airliner at the Irkutsk Aviation Plant (Irkut Corporation) in Irkutsk, June 8, 2016. Sputnik/Alexander Astafyev/Pool/via Continue Reading
Putin’s Core Support Begins to Waver
Russia embarks on an almost two-year-long election season this summer that ends with a presidential contest in 2018. But unlike previous years, the country’s faltering economy has taken its toll Continue Reading
Russian Gas Drop Widens Discount to Markets to Most in 8 Years
Oil’s plunge earlier this year dragged Russian natural gas prices in Europe to the lowest level since September 2004, making them the cheapest relative to market rates in more than Continue Reading
Russia: Putin Says South Stream, TurkStream Not Definitely Cancelled
Russian President Vladimir Putin said on June 7 that Moscow has not definitely canceled the South Stream or TurkStream natural gas export pipeline projects, Reuters reported. Russian officials froze discussions Continue Reading
Russia: Carmaker Asks Workers To Retire Early
Russian carmaker AvtoVAZ is asking employees to voluntarily retire in exchange for a generous retirement package, Vedomosti reported June 6. The company, which is one of Russia’s biggest employers outside Continue Reading
Russia Says ‘Verbal Interventions’ Lose Power Over Oil Market
When it comes to influencing oil prices, talk is cheap, according to Russia’s Energy Minister Alexander Novak. “I think that verbal interventions are unlikely to play any significant role,” Novak Continue Reading
Against All Odds, Russia Plans to Boost Oil Production by 185,000 Bpd
Russia is set to increase crude oil output by around 8 million tons or 185,000 bpd by then end of this year, according to the Russian Energy Ministry. Speaking to Continue Reading
Gazprom’s European gas sales growth stalls in April, May after Q1 leap
Growth in Gazprom’s gas sales to its core foreign markets of Europe and Turkey seems to stalled over the past two months after a big surge in supplies in the Continue Reading