Thursday, September 23, 2021
France’s oil and gas giant Total continues to show interest in investing in Russia, the Russian Ministry of Energy said on Friday after the meeting between Minister Alexander Novak and General Director of Total EP Russia Arnaud Le Foll. "The interest of Total in developing the business in Russia was...
The OPEC + agreement on the reduction of oil production added at least $25 to the current price of oil, Saudi Energy Minister Khalid al-Falih said on the sidelines of the World Economic Forum in Davos. "My opinion that current price has a least 25 dollars of the current price...
China is in talks with Russia to build a 'Polar Silk Road' through developing Arctic shipping routes opened up by global warming, a Chinese government white paper published on Friday says. Despite not being an Arctic country, China is pushing its ambitious global trade infrastructure program to the polar region,...
Russia remained China’s top crude oil supplier in December for the 10th month and racked up its second year as the top supplier to China in 2017, customs data showed on Thursday, leaving rival exporter Saudi Arabia in second place once more. Shipments from Russia hit 5.03 million tons in...
Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the Organisation of the Petroleum Exporting Countries (OPEC) and Russia. Spot Brent crude oil futures, the international benchmark for oil prices, was at 70...
A U.S. act fof1920 is forcing the United States to import gas from a $36 billion Russian project in the Arctic that was subject to U.S. sanctions, Global Trade Magazine reports. As Reuters reported this month, the first imports into North America that include gas from the Yamal LNG plant,...
Russia’s damaged relations with the West are putting Europe under a “growing threat of military conflict”, the chief executive of one of Russia’s biggest banks has said. “We are at the beginning of a new arms race,” Andrei Kostin, head of VTB, told The Financial Times. “NATO is asking for...
Global oil prices are unlikely to exceed $60 per barrel in the mid-term, Russian Economy Minister Maxim Oreshkin said, according to Reuters. The statement comes as Russia and OPEC countries continue to enforce a deal made last year to curb oil production in order to drive prices up. This week, Saudi...
Argentina and Russia signed a memorandum of understanding to boost uranium exploration and production in the South American country that could include $250 million in investment, Argentina's foreign ministry said on Tuesday. According to Tass news agency, the agreement was sealed during a visit by Argentine President Mauricio Macri to Moscow....
In order to strengthen the partnership between the world's two top oil producers, Russia and Saudi Arabia, Moscow is encouraging the country’s pension funds to consider investing in Saudi Arabian state oil major Aramco when it lists its stock, Russia's top state investment officer said, according to Reuters. Kirill Dmitriev,...

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