Global oil demand will recover to pre-pandemic levels only by the end of 2022, for the first time exceeding 100 million bpd. This is stated in the June report of the International Energy Agency (IEA). In this scenario, OPEC + countries will need to ease restrictions on oil production...
According to the forecast of the Central Bank of the Russian Federation, the recovery of the Russian economy is going faster than expected. The pre-crisis level of economic activity will be achieved in the second quarter of this year, Russian media wrote.
The Central Bank explained that factors from internal...
Transmashholding and Russian Railways presented a new model of capsule passenger car, Russian media writes. The new passenger cars will go on many routes, said Dmitry Pegov, deputy head of Russian Railways.
"We need at least two trains for certain directions with a certain passenger flow," Pegov explained.
Such capsule cars...
The rise in prices in Russia is a growing concern, the governor of the Russian Central Bank, Elvira Nabiullina said at a press conference, Russian media informed.
"Inflation is more and more worrisome. In May, the annual rate of growth in prices reached 6%, which is significantly higher than the...
The G7 countries (UK, Canada, France, Germany, Italy, Japan, USA) agreed to launch a global initiative to strategically counter China, Russian media reported. With this move, the G7 stays committed to helping developing countries develop infrastructure to thwart Chinese projects.
The White House said in a statement that the "Build...
The average wages in Russia in 2020 amounted to 32,422 rubles and increased by 6.4% in annual terms, Rosstat reported on Friday.
The average salary is characterized by the fact that half of the employees have a salary higher than this level, and the other half - lower.
The calculation was...
Russian President Vladimir Putin signed a law which enables the Russian population to have a free gas connection gas.
The distance from the gas distribution network to the consumer's site should not be more than 200 meters, and the volume of gas consumption should not exceed 7 cubic meters of...
Russia spent over 2 trillion rubles to import substitution projects, Deputy Prime Minister Yuri Borisov said at the final meeting of the Ministry of Industry and Trade of the Russian Federation.
The government has accelerated the import substitution of the economy in response to post-2014 EU and US sanctions. Russian...
Global oil demand this year will continue to recover at 6 million barrels per day, OPEC's June report said, confirming the forecast it made in May.
According to OPEC data, global oil demand this year should amount to 96.58 million bpd.
In its report, OPEC predicts that in the second half...
