The Kremlin confirmed the directors at Russia’s major oil companies agreed to a proposal to hold production levels static in an effort to stimulate the market. Russian President Vladimir Putin Continue Reading
Russia must continue work with some other leading oil producers on freezing their crude output at the level of January, tentatively agreed in Doha last month, in order to stabilize Continue Reading
But it may just be more wishful thinking The world’s major oil exporting economies have been putting together an agreement to freeze oil production levels, and Russia’s energy minister is Continue Reading
Russian oil companies back the idea to freeze output at near-record levels reached in January, but did not support any proposals to cut oil production to lift global prices, Energy Continue Reading
Russia’s ruble rose the most in emerging markets as a surge in the price of oil nearly erased the currency’s losses for 2016. The ruble advanced 1.7 percent to 73.92 Continue Reading
Russian economic officials mulling the privatization of some parts of the state oil sector in a potential move to shore up federal revenue. Photo by sakhorn/Shutterstock MOSCOW, March 1 (UPI) Continue Reading
Russia must continue work with some other leading oil producers on freezing their crude output at the level of January, tentatively agreed in Doha last month, in order to stabilize Continue Reading
Russia in February pumped oil at the same rate in January of 10.88 million barrels per day (bpd), an almost 30-year high, after some leading producer countries struck a preliminary Continue Reading
Though output was enough to satisfy export demands, Russian energy company Gazprom said its production for 2015 was less than the previous year. Gazprom CEO Alexei Miller met with Russian Continue Reading
Russia’s manufacturing industry deteriorated more than forecast in February as new export orders declined while currency volatility and cheap oil darkened the economic outlook. The Purchasing Manager’s Index fell for Continue Reading
