Bulgaria plans to set up a state-owned company to manage oil and fuel reserves and build petrol filling stations across the Balkan country to boost competition and ensure fair prices for consumers, the government said on Monday, Reuters reported.
The plan comes days after parliament voted to boost tax controls...
Oil prices on Monday jumped to their highest in over two months on positive early results on a potential coronavirus vaccine, optimism about a resumption in economic activity and signs producers were following through on planned output reductions, Reuters informs.
Brent LCOc1 futures for July delivery rose $2.31, or 7.1%,...
Russia’s Novatek has sold a liquefied natural gas (LNG) cargo for delivery in the second half of July, three industry sources said on Tuesday, Reuters reported.
The company sold the cargo at above $2.50 per million British thermal units (mmBtu), one of the sources said.
The buyer was likely PetroChina, a...
The Bank of Russia expects further growth of annual inflation that amounted to 3.1% in April but the price hike acceleration is temporary, the regulator said on Monday, TASS reported.
"Annual inflation was 3.1% in April 2020, up 0.6 percentage point above March. Acceleration of the current price increase is...
Platinum and palladium markets will be tight this year as the coronavirus pandemic hammers supply and demand, materials maker Johnson Matthey said on Monday, declining to give full-year forecasts and saying prices will be erratic, Reuters reported.
Production of the metals, used to reduce vehicle emissions, and their consumption by...
Passenger transportation in rail transport is possible this fall - provided that the second wave of the pandemic does not come to Russia, Russia’s Deputy Minister of Transport Vladimir Tokarev told reporters on Saturday, TASS reported.
"Now the decline in suburban area reaches - 71%, long-distance - 74% year-on-year. The...
The draft decree of the Russian government on providing airports with over 10 bln rubles ($136.13 mln) in subsidies can be approved by the end of May, Minister of Transport Yevgeny Dietrich told reporters on Saturday, TASS informs.
"The draft government decree, which we already wrote on this subject after...
A leading global diamond producer, Russia’s Alrosa, is reporting that its sales were down tenfold in one month alone, as the impact of Covid-19 ripples through the global economy and supply chains, RT informs.
In April, ALROSA sold a total of just $15.6 million-worth of rough and polished diamonds. This...
Russia’s businessman Alisher Usmanov has gained one notch to take the seventh spot in Britain’s Rich List 2020 top ten rating released by the Sunday Times newspaper on Saturday, TASS informs.
The wealth of the head of the USM holding (parent structure of Metalloinvest, Megafon, Mail.ru Group) is estimated at...
