Russian government ministers and oil industry representatives failed to agree on new measures to prop up oil producers at a meeting headed by Deputy Prime Minister Arkady Dvorkovich on February 27, Kommersant reported, citing company sources.
According to the report, the Energy Ministry’s requirement to slash the oil export duty...
Russia is one of a handful of countries, which is expected to see real GDP per capita to decline against the ‘yardstick’ economy of the United States by 2060, the Organization for Economic Co-operation and Development (OECD) said in a draft version of its global economic report
According to Vedomosti,...
One of Russia’s largest petrochemical companies, Sibur Group, is in talks with Saudi oil giant Aramco to set up a venture to produce synthetic rubber, Reuters reported.
The move, announced by Sibur’s CEO highlights growing cooperation between OPEC leader Saudi Arabia and Russia, the biggest non-OPEC oil exporter. Russia and...
Russia’s Energy Minister Alexander Novak said oil companies from his country could sign contracts with Iran this month that would allow them to work on Iranian oilfields, Reuters reported.
"Over ten different fields. Companies are Gazprom, Rosneft, Gazprom Neft, Zarubezhneft, Tatneft, and Lukoil. These companies made fairly good progress in...
Ukraine’s national gas company Naftogaz said it intends to close its representative office in the Russian Federation, Ukrinform reports.
Naftogaz Chief Commercial Director Yuriy Vitrenko said this at a press briefing on March 5, an Ukrinform correspondent reports.
"This is a technical issue... We wanted to close this office long ago because...
BitFury Group, a major global blockchain infrastructure provider, has opened an office in Russia in order to bring its products to the country’s government agencies and companies, Econotimes reports.
The company said its new Moscow office will focus on sales of its two main products – Exonum, a platform for creating private...
United States senators have been expressing concerns following a new House committee report which revealed how Russians attempted to use social media to manipulate U.S. energy markets.
It’s the first acknowledgment from politicians that such websites were used to influence U.S. affairs outside political and social discourse, The Hill reports.
“I’m...
Russian wheat prices rose last week as concerns about damage to crops from dry weather in the U.S. Plains boosted prices for certain types of western wheat, analysts said on Monday.
Seasonally lower supply from Black Sea competitor Ukraine, coupled with strong demand from Moscow's traditional buyers, also supported prices...
U.S. President Donald Trump suggested Monday he may end steel tariffs on Mexico and Canada if they give him better trade terms while re-negotiating the North American Free Trade Agreement (NAFTA).
Without getting into detail, Trump said that Canada "must treat our farmers much better," while Mexico "must do much...
A Russian state-controlled leasing company involved in aviation is planning to expand in Ireland and open a dedicated finance arm, The Irish Times reported.
The Dublin-based GTLK Europe, which has been operating in Ireland since 2012, has made an application to set up a financing unit with initial capital of...
