Total scales back role in Russian oil field
French energy company Total said it may transfer half of its stake in a Russian operation to a national player, but maintained a strong interest in the region. Total said Continue Reading
Feature: Low crude, fuel oil prices revive talk of Russian run cuts
The low crude and fuel oil price environment has resuscitated talk about run cuts at Russian refineries, though traders remain uncertain about the actual moves. “There are a lot of Continue Reading
Ukraine fines Gazprom $3.5 billion for abuse of transit market
The head of Ukraine’s competition authority said on Friday that the watchdog had decided to fine Russian gas company Gazprom 85 billion hryvnias ($3.5 billion) for abusing its monopoly on Continue Reading
Ruble Rebounds From Record Low as Oil Surge Lifts Russia Assets
The ruble jumped the most since August, rebounding from its lowest level on record, as a recovery in crude prices encouraged investors to buy assets in the world’s biggest energy Continue Reading
Rouble tumbles more than 5% to fresh low
Russia’s rouble fell more than 5 percent in the first two hours of trading on Thursday, to hit a new record low of Rbs85.97 to the dollar amid a global Continue Reading
Ruble Slides Toward Record as Oil Rout Chokes Russia’s Outlook
Russia’s ruble slumped toward a record low as oil’s unabated retreat choked revenue of the world’s largest energy exporter at a time when the economy is caught in a recession. Continue Reading
Ruble Gains Most in Four Weeks as Rabobank Says Wary of Rebound
The ruble strengthened the most in almost four weeks as oil and other emerging-market currencies climbed while Rabobank said it may be premature to expect further gains. The Russian currency Continue Reading
Russia’s Two Oil Giants Diverge in Bond Market Amid Sub-$30 Oil
A worker overseas the loading of oil supplies into freight wagons at the Lukoil-Nizhegorodnefteorgsintez oil refinery. They’re both Russian, they’re both oil giants and they’re both grappling with the lowest Continue Reading
Ruble Leads Emerging-Market Decline as Iran Pushes Oil Under $28
The ruble slumped the most among emerging-market peers as investors sold the currency of the world’s biggest energy exporter amid concern Iranian crude deliveries will extend an oil-market rout. Russia Continue Reading
Putin’s self-destructing economy
A little more than a year after “ Black Tuesday ,” when the ruble lost a quarter of its value in a day, the state of the Russian economy is Continue Reading