Oil export duties in Russia will be gradually cut to zero over six years, according to a new agreement between Russia’s finance and energy ministries and its main oil companies, Reuters reported.
Two government sources told the news agency on Wednesday that the agreement was made at a special meeting to...
Deteriorating trade relations between the United States and the European Union took another turn for the worse last week after U.S. President Donald Trump imposed steel and aluminum tariffs on America’s allies: Canada, Mexico, and the EU.
Some analysts say this U.S. alienation of EU countries on trade is a...
When the European Union imposed sanctions against Russia in 2014 over Moscow’s annexation of Crimea and the destabilization in Eastern Ukraine, Norwegians were among the European residents not allowed to buy or sell new bonds, equity or similar financial instruments with a maturity exceeding 90 days issued by Russia’s...
Russian President Vladimir Putin and Austrian Federal Chancellor Sebastian Kurz will hold negotiations on an ambitious construction project endorsed by Russia - the Kosice-Vienna railway, RFE/RL in Russian reported.
The matter concerns laying a broad-gauge railroad, which will strengthen the transport communication between European and Asian markets while allowing to use...
A billion-dollar energy deal for the construction of an offshore gas pipeline and the supply of Russian gas to Pakistan was expected to be signed on Monday, The Express Tribune reported.
The move is seen as another example of Russia making efforts to the Pakistan and India energy markets amid...
India on Monday imported its first ever cargo of gas from Russia under a long-term deal as the world’s fourth-largest buyer of liquefied natural gas (LNG) diversifies its import basket to meet its vast energy needs, PTI reports.
LNG carrier ‘Kano’, carrying a shipment from Russian gas giant Gazprom supplied from...
Russia reached the 95% compliance with the deal led by the OPEC+ countries, which curbs oil production, Russian Energy Minister Alexander Novak said on Saturday, according to RIA news agency.
"In May, Russia reached the 95% level of oil production cuts," he noted. "Russia is fully committed to maintaining a balance...
U.S. President Donald Trump’s administration is on the verge of imposing sanctions against several European companies that are part of Russia’s Nord Stream 2 pipeline project, Foreign Policy reported citing sources familiar with the issue.
If built, the politically contentious underwater pipeline, planned by Russia’s state-owned giant Gazprom and a consortium...
Rosneft, Russia’s largest oil company has told investors it increased output by about 70,000 barrels per day (bpd) last week, Bloomberg reported.
According to investment bank Renaissance Capital, the output test was disclosed by Rosneft executives to investors and analysts visiting the company’s facilities in Siberia.
The move was a test of...
