OPEC is effectively extinct as a united organization and the time when it could determine global oil market conditions should be forgotten, Igor Sechin, head of Russia’s biggest oil firm Continue Reading
In late April, Russia was left standing at the alter in Doha, as Saudi Arabia walked away from a production freeze deal, leading the negotiations to collapse with no result. Continue Reading
For the first time in its history, Russian energy company Rosneft said Friday it delivered a shipment of liquefied natural gas to an Egyptian customer. A trading arm of Rosneft Continue Reading
Russian consumers are more negative about their economic prospects than they have been for the last 11 years, according to new data. The Nielsen Consumer Confidence Trend Tracker, a data Continue Reading
The ruble weakened the most among currencies worldwide, catching up with the biggest decline in oil in more than a month, as Russian markets reopened following a two-day holiday. The Continue Reading
Big news in energy project finance this week, with a mega-project that no one thought could succeed coming through with a massive finance package. That’s the Yamal liquefied natural gas Continue Reading
The ruble weakened the most among currencies worldwide, catching up with the biggest decline in oil in more than a month, as Russian markets reopened following a two-day holiday. The Continue Reading
Russian state-owned oil and gas giant Gazprom is currently working out the matter of creating a liquefied natural gas (LNG) distribution hub in Bahrain. The hub will be meant to Continue Reading
In March, for the first time since 2008, Russians spent over half their income on food, beverages and cigarettes, according to government statistics, and more people are resorting to borrowing Continue Reading
A gauge tracking Russia’s manufacturing industry declined to the lowest level in eight months, missing economist forecasts as demand deteriorated further amid the longest recession in two decades. The Purchasing Continue Reading
