Russia and Saudi Arabia will ask OPEC to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander Novak said on Saturday, according to Russian media.
OPEC and Russia decided together in 2016 to cut their supply in order to push prices...
Russian state energy company InterRAO plans to buy 11.25 percent of its shares held by power company Rushydro and the Federal Grid Company, two sources close to the deals said on Monday. One of the sources said InterRAO could pay $623 million for the deal.
After the planned purchase, InterRAO’s...
Russia’s gas giant Gazprom has renewed talks with South Korea on a potential natural gas pipeline from Russia's Far East via North Korea in light of the improved political situation in the region. The company also said it expects talks with China on gas supplies to be completed by...
Russian central bank’s Governor Elvira Nabiullina said the soccer World Cup, which the country is hosting, will support economic growth while its impact on domestic inflation will be minimal, Vedomosti reported.
Nabiullina also told a media briefing she could not rule out an increase in external risks and considered the...
Visitors from Arab countries are coming to Russia in large numbers ahead of the long weekend, with thecelebration marking the end of the Holy Month of Ramadan coinciding with the opening of the month-long FIFA World Cup.
According to leading airline and hotel search platforms such as Wego and Sky...
Saudi Arabia and Russia said Thursday they will develop a "comprehensive bilateral agreement" on energy cooperation, suggesting that even if the OPEC/non-OPEC production-cut agreement falls apart, they will continue their market-management efforts.
According to RFE/RL, in a statement issued after they met in Moscow, Saudi energy minister Khalid al-Falih and...
The Russian ruble was steady against the dollar in early trade on Friday, digesting changes in the global monetary policy landscape and watching out for the Bank of Russia to make its own rate move, TASS reports.
The rouble was unchanged at 62.63 versus the dollar as of 0713 GMT...
Transmashholding (TMH) International, Russia’s largest manufacturer of locomotives and rail infrastructure, has acquired South African company DCD Rolling Stock for about $7.5 million, Engineering News reported.
The group said the investment would see the DCD facility in Boksburg, east of Johannesburg, used to manufacture, assembly and service locomotives and other rolling...
