Russia will not retaliate after U.S. technology giant Oracle decided to comply with American sanctions against Russian oil and gas companies, Kremlin’s Communications Minister Nikolay Nikiforov said Thursday.
Nikiforov told reporters on the sidelines of the Russian Investment Forum in Sochi that Moscow "was not planning retaliatory measures."
"We are against...
OPEC countries have failed to agree on possible cuts to oil production in an attempt to stabilize prices as they are set to meet representatives of Russia and other non-member producers for talks on the issue, The Economic Times reports.
Saudi Arabia, OPEC’s de facto leader, has been pushing a...
The three Baltic states, Estonia, Latvia, and Lithuania, are planning to complete the switch from the Russia-Belarus energy grid to the European grid by 2025, as part of the European Union’s long-term strategy of reducing reliance on Russian energy, TASS reported.
European Commission Vice President Maros Sefcovic will discuss the...
Russia is waiting for the president of the National Assembly (AN) of Venezuela, Juan Guaidó, to leave office before sending economic advisors to help the regime of his opponent and Moscow ally, Nicolas Maduro, Bloomberg writes.
Maduro is considered as the usurper of power by many of Venezuela’s population and...
Saudi Arabia’s energy minister said on Sunday his country is not looking to break with the global OPEC+ pact to cut oil output with other producers, The National writes.
Media reports last week suggested Saudi Arabia could go its own way to deepen cuts to counter the impact of the...
Oil fell on Monday and was headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to ease consumer anxiety after prices jumped to levels last seen in 2014, CNBC reported.
Last week, Brent futures traded above $80 a...
Russia’s Kola Mining and Metallurgical Company which operates in the Murmansk Region as part of giant Nornickel, is working on modernization of its facilities estimated at 25 billion rubles ($400 million), the press service of the Murmansk Region’s government said on Friday.
The announcement comes following a visit of the...
Cooperation between Russia and Iraq in the oil sector is “very active” in spite of all the restrictions and the impact of the Covid-19 pandemic, according to Russian Deputy Prime Minister Alexander Novak, RT reported.
Novak, who previously served as Russia’s energy minister, met on Wednesday with Iraqi Oil Minister...
The United States cannot exclude imposing sanctions against Russia’s biggest oil company, Rosneft, at some point over buying Venezuelan oil, Washington’s Special Representative for Venezuela Elliott Abrams said on Monday, according to RIA Novosti.
"Yes, it can be . We have not gotten to that point yet,” Abrams said, when...
Anglo-Dutch energy giant Shell decided to withdraw from the Baltic LNG project because it does not agree with the change in its concept, the company’s chairman Cederic Cremers, Shell Russia Chairman, told TASS news agency.
"The reason is that we don’t believe in an integrated concept. We were discussing the...
