Russian oil producers have strengthened their position in Asia by supplying nearly a quarter more crude this year, shifting the balance of power in one of the few bright spots Continue Reading
German Chancellor Angela Merkel found herself under pressure on Friday from other Europe Union leaders over her government’s support for a natural-gas pipeline from Russia that others fear could further Continue Reading
The European Union moved on Friday to extend economic sanctions against Russia for six more months for its annexation of Crimea and support for separatists in Ukraine, even as European Continue Reading
Russia’s Energy Minister Alexander Novak arrives at the European Commission headquarters in Brussels ahead of a meeting with EU officials March 2, 2015. Russian Energy Minister Alexander Novak said on Continue Reading
Russia, the world’s top oil producer, is ready to meet for talks with OPEC and has been awaiting an invitation, Russian Energy Minister Alexander Novak told reporters on Thursday. “We Continue Reading
Russian President Vladimir Putin said on Thursday the $50 per barrel price for oil factored in the 2016 budget was too optimistic and the government needed to make adjustments. “We Continue Reading
President Vladimir Putin is likely to use his annual news conference on Thursday to try to reassure Russians as slumping oil prices threaten his efforts to pull the economy out Continue Reading
President Vladimir Putin on Friday said the government may have to cut the federal budget as the price of oil falls, but he tried to assure Russians that the worst Continue Reading
Russia is planning for oil prices to drop to $30 per barrel in 2016. The country’s top finance official, Anton Siluanov, said the government must be prepared for prices to Continue Reading
Russia is planning for oil prices to drop to $30 per barrel in 2016. The country’s top finance official, Anton Siluanov, said the government must be prepared for prices to Continue Reading
