China’s crude oil imports from Iran this month could reach close to one million barrels per day (bpd) as the country continues to gobble up 'cheap' crude from the Islamic Republic. That would be almost half the amount Saudi Arabia exports to China, RT writes.
An earlier report by Reuters...
Foreign investors and entrepreneurs show growing interest in the development of the Northern Sea Route (NSR), Russian Ambassador at Large for the Arctic Cooperation at the Ministry of Foreign Affairs Nikolay Korchunov told TASS.
According to him, international businesses “have high practical demand for Arctic projects, whose long-term strategy stipulates...
Saudi Arabia and Russia, key parties of the OPEC+ deal, are reportedly willing to support a rollover of the alliance's oil production cuts for at least a month, as crude demand has not fully recovered from the coronavirus crisis, RT informed.
The Organization of the Petroleum Exporting Countries (OPEC) and...
Venezuelan President Nicolas Maduro has said that the sanctions-hit nation may pay for much-needed coronavirus vaccines with oil amid a rising number of infections and concerns about new strains of the virus, RT reported.
“Venezuela has the oil vessels and has the customers who will buy our oil,” Maduro said,...
Production of emeralds in Russia is expected to grow by 20% in 2021, according to RT-Capital, a subsidiary of Russian state-controlled corporation Rostec, which operates the country’s only emerald placer mine, RT writes.
The outlook comes after a 10% drop recorded last year, when output amounted to a modest 150...
Russia’s Finance Ministry has allowed the National Wealth Fund (NWF) to diversify its assets by investing part of the funds into precious metals, including gold, RT writes.
The share of gold, which is seen as one of the most “protective” assets, has been significantly boosted in Russia’s foreign exchange reserves,...
The incident of Suez Canal blocking by the Ever Given container ship may result in growing demand for the Russian Urals export oil blend, Senior Freight Analyst of Vortexa consultancy Arthur Richier told TASS on Friday.
It is correct to assume that the Russian Urals is similar to Middle Eastern...
The construction of Nord Stream 2 will be finalized this year, Chairman of the Board of Directors of Russia’s gas producer Gazprom Viktor Zubkov told reporters on Friday, TASS reports.
"The active work is underway, with quite a bit remaining to be done," he said. "It will surely be completed...
Tough talk on energy issues doesn’t stop the US from purchasing a record share of Russian crude in 2020. American refineries reportedly loaded 538,000 barrels of Russian crude and oil products daily, breaking a decade-old record, RT reported.
According to the data tracked by the US Energy Information Administration (EIA),...
Russian oil shipments to the U.S. hit a record high last year, according to calculations by Bloomberg, while at the same time Washington was amping up its warnings about Europe’s energy dependence on Russia, The Moscow Times reports.
Russia leapfrogged Saudi Arabia to become the third-largest oil supplier to the U.S....
