Russia mulls economy beyond oil
Russia needs to explore export revenue from products outside the energy sector as the economy braces for a long period of low oil prices, a minister said. “Unfortunately, we have Continue Reading
Turkey row leaves Russia stuck with abandoned gas pipes worth billions
Gas pipes worth 1.8 billion euros ($1.95 billion) are to be left stranded on the shores of the Black Sea after Russia’s decision to suspend work on the Turkish Stream Continue Reading
Russian pipeline through Turkey on hold
Talks between Moscow and Ankara on building a natural gas pipeline through Turkey to Europe are suspended, Russia’s energy minister said. Russian energy company Gazprom proposed the so-called Turkish Stream Continue Reading
Ruble Tracks Oil Drop as Deutsche Bank Joins VTB Seeing Recovery
Russia’s ruble weakened for a seventh day after Brent crude temporarily fell below $43 a barrel, exposing risks to an exchange rate that VTB Group and Deutsche Bank AG predict Continue Reading
Russian Energy Minister Says Cutting Oil Output Isn’t Viable
Saudi Arabia Under Pressure to Cut Oil Output Russia will stick to its strategy of maintaining oil production and has no plans to take part in Friday’s OPEC meeting, said Continue Reading
Russia Tries Soft Touch With EU as Market Blunts Gas Weapon
Vladimir Putin may be throwing his military power around like never before, but the Kremlin is finding another weapon in its arsenal — massive gas exports — is losing its Continue Reading
Russia keeps oil production at record high in November
Russia continued extracting oil at a post-Soviet record high of 10.78 million barrels per day (bpd) in November despite low oil prices, Energy Ministry data showed on Wednesday. The Organization Continue Reading
Russian Oil Output Stays Near Record Level as OPEC Set to Meet
Russian oil output in November hovered near a post-Soviet record set the previous month, shrugging off a crude-price slump before OPEC gathers for its annual meeting in Vienna. Production of Continue Reading
Months After Russian Annexation, Hopes Start to Dim in Crimea
When residents in this typical Soviet factory town voted enthusiastically to secede from Ukraine and to become Russians, they thought the chaos and corruption that made daily life a struggle Continue Reading
Exclusive: Russia may freeze Turkish Stream gas project – Gazprom sources
Russia may freeze work on the Turkish Stream gas pipeline project for several years in retaliation against Ankara for the shooting down of a Russian air force jet, two sources Continue Reading