Indian Prime Minister Narendra Modi met President Vladimir Putin in Moscow with the goal of securing what would be his nation’s biggest weapons deal with Russia since 2001, strengthening military Continue Reading
Oil output in Russia is expected to rise to a new post-Soviet high in 2016 despite a steep decline in prices as new fields come online and producers enjoy lower Continue Reading
Russian Energy Minister Alexander Novak said the United States’ decision to lift a ban on oil exports should not affect the global oil market. “This should not affect the market, Continue Reading
The energy company said it sold its 50% interest in Polar Lights Co. to Trisonnery Asset Ltd. for an undisclosed amount. The owners of Trisonnery couldn’t immediately be reached for Continue Reading
ConocoPhillips, one of the pioneers of foreign investment in the Russian oil and gas industry, has completed a full retreat from the country by selling out of its Polar Lights Continue Reading
Russia’s ruble strengthened from a record low close as Brent crude ended a four-day rout and technical indicators suggested the currency had fallen too far. The ruble, which has declined Continue Reading
The ruble headed for its lowest closing level on record as Brent crude extended its slide while Societe Generale SA said the currency is too strong relative to the price Continue Reading
In the fight for market share among the world’s oil producers this year, Russia wasn’t supposed to be a contender. But the world’s No. 3 producer has been pumping at Continue Reading
Price negotiations between Russian gas company Gazprom and Finland’s Gasum, ongoing since early 2014, have been concluded, Gasum said Friday. On the same day, Gasum said in a separate press Continue Reading
As many as nine Russian contractors died in October when a mortar round hit their base in western Syria, according to several people familiar with the matter. The incident, experts Continue Reading
