The ruble weakened the most in emerging markets as Rabobank said the currency could fall further after Iran called a Russian-Saudi plan to freeze output “ridiculous.” The currency declined 2.2 Continue Reading
Consultations on a preliminary deal between leading oil producers to freeze output should be concluded by March 1 after a group led by Russia and Saudi Arabia reached a common Continue Reading
Russia’s Rosneft OJSC agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. The deal will increase Rosneft’s stake in Continue Reading
Russia’s Rosneft OJSC agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. The deal will increase Rosneft’s stake in Continue Reading
A driver loads coal for sale onto a truck from a coal dump site at the Borodinsky opencast colliery near the Siberian town of Borodino, east of Krasnoyarsk, Russia October Continue Reading
A move to freeze crude oil production at January levels still leaves room for production growth from Russia this year, the deputy energy minister said. As of January, Russian Deputy Continue Reading
* Daily output growth in January at 1.7%-1.9% * Uncertainty remains on output growth pace through 2016 * Authorities ‘can regulate production volume’ A preliminary agreement between Russia and three Continue Reading
Russian oil production may slump 14 percent in the next five to ten years under a worst case scenario prepared by the Energy Ministry. Crude output may drop to 460 Continue Reading
Neither a recession nor a collapse in revenue has yet been enough to convince Russian President Vladimir Putin that it’s time to join with OPEC in cutting oil output to Continue Reading
Moscow has banned Ukrainian trucks from driving within Russia in retaliation of the blocking of Russian trucks in Ukraine, Russia’s transport ministry said Sunday. “The measures will be in place Continue Reading
