Russia exported less fuel oil in January as domestic utilities snapped up fuel oil cargoes, which were cheaper than natural gas, industry sources told Reuters. Russia’s fuel oil exports dropped Continue Reading
How do you say “fade the rally” in Russian? Last week, and to a lesser extent Wednesday morning, oil prices jumped on reports from Russia about that country’s willingness to Continue Reading
Four months after launching airstrikes in Syria, the Kremlin is confident that Moscow’s largest overseas campaign since the end of the Soviet Union is paying off. Under the banner of Continue Reading
Russia is ready to meet the main oil producers within the Organization of the Petroleum Exporting Countries (OPEC) if a consensus on such a meeting is reached with them, RIA Continue Reading
Russia will not stop its air strikes on Syria until armed groups, such as al Qaeda’s wing there, are defeated, Russian Foreign Minister Sergei Lavrov said on Wednesday. On Tuesday, Continue Reading
The Russian leg of Venezuelan Oil Minister Eulogio Del Pino’s tour to persuade major oil exporters to cut production gained little more than pledges for further discussion. Igor Sechin, chief Continue Reading
* Output cuts not justified at the moment, says CFO * May start closing wells at prices below $15/b * Plan output increase to 2 mil boe/d pushed back to Continue Reading
A deepening recession, a ballooning budget deficit and Brent crude at around $30 a barrel have weakened the oil-reliant economy and forced Putin, who has tightened his grip on the Continue Reading
Russian government bonds retreated for a third day as oil’s renewed drop weighed on the ruble, spurring speculation the central bank will delay a return to a rate-cut cycle to Continue Reading
Russian Foreign Minister Sergei Lavrov reiterated Tuesday that the country is ready to take part in a potential meeting of top oil producers in February, Russian news agencies reported. Last Continue Reading
