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,...
Oil prices rose on Tuesday, carried by healthy economic growth outlooks as well as the ongoing supply restraint by a group of exporters around OPEC and Russia, The Wall Street Journal reported.
Spot Brent crude futures were at $69.41 at 0409 GMT, up 38 cents, or 0.55 percent, from their...
The International Energy Agency (IEA) expects the United States oil output to be higher than that of Saudi Arabia in 2018, setting the country on a course to become the world's second-largest producer after Russia, CNBC reports.
American oil companies were expected to ramp up drilling in 2018, encouraged by...
OPEC and Russia reaffirmed on Sunday that they’ll continue with oil-production cuts until the end of the year and signaled their readiness to cooperate beyond that, Bloomberg reports.
According to Russia’s Energy Minister Alexander Novak, his country plans to continue joint coordination with OPEC members on the oil market after the...
The Russian benchmark stock index hit an all-time high on Friday thanks to strong oil prices, Reuters reported.
MOEX, a ruble-denominated index, reached 2,306.79 points, its historically highest level, although later it was slightly down. By 0808 GMT it was down 0.21 percent to 2,292 points. The dollar-denominated RTS index...
