Russia’s ruble strengthened for a second day as exporters bought the local currency to prepare for almost $15 billion of tax deadlines this month. The ruble advanced 0.6 percent to Continue Reading
Oil major LUKOIL has told the Russian government it wants to buy smaller rival Bashneft as the state prepares to sell either a controlling or minority stake in the firm Continue Reading
The Bank of Russia, repeating that an interest-rate increase is possible, said it’s standing by its commitment to a free-floating exchange rate and will only intervene in the currency market Continue Reading
The head of Russian state-run oil company Rosneft on Wednesday floated the idea of a coordinated output cut by major oil-producing countries to prop up sagging prices but fell short Continue Reading
Russia’s state-owned oil company Rosneft could move toward privatization, though oil markets would first have to stage a major recovery, the CEO said. Rosneft Chief Executive Officer Igor Sechin is Continue Reading
The most powerful figure in Russia’s oil industry on Wednesday signalled his steadfast opposition to combining with Opec to reverse the crude price rout through co-ordinated cuts in production. Igor Continue Reading
Ukraine’s political elite is hoping that plummeting oil prices will restrain neighboring Russia’s interventionist ambitions—and give Western sanctions on Russia a bit more bite. Recent diplomatic overtures have raised hopes Continue Reading
Russia’s largest oil producer Rosneft OJSC remains committed to defending its traditional markets, pouring cold water on talks of potential coordination with other exporting nations. “We are working on preserving Continue Reading
Pressure is mounting on Russia to break the vow of abstinence on selling Eurobonds it has maintained since the U.S. and Europe slapped sanctions on some of its biggest companies. Continue Reading
Most oil analysts and traders were intrigued when Russia’s energy minister signaled on Jan. 28 that the Kremlin wanted to discuss oil production cuts with OPEC. After all, limiting supply Continue Reading
