Tag Archives: Russia

The Kremlin believes that the current oil prices level is low, presidential press secretary, Dmitry Peskov told reporters on Wednesday. “Certainly, this is a low price; we would like to have it higher,” Peskov said, responding to a question whether the oil price of about $27 a barrel is suitable …

Russian oil and gas workers in the Arctic Yamal peninsula could see their shifts extended by months to shield the energy industry and its employees from the spread of coronavirus. The region’s governor recommended in an order published on Tuesday that the shifts of those currently working in the region …

The Russian Foreign Ministry called on the US to lift its anti-human sanctions against Iran amid the outbreak of the novel coronavirus in the country, saying that the measures act as a powerful obstacle to Tehran's effective fight against the infection.

Attempts by some OPEC members to mediate between the cartel’s leader, Saudi Arabia, and Russia have failed and this Wednesday’s meeting of an OPEC+ technical committee has been scrapped amid the “full on war” between the friends turned foes, sources told Reuters on Monday. The meeting of the Joint Technical …

Russia, the world’s largest energy exporter, said the current oil-price slump was expected and it doesn’t plan talks with Saudi Arabia for the time being. The decision to keep the Saudis at arm’s length comes as oil tumbles to a four-year low, continuing its slide after the collapse of OPEC+ …

Russia, the world’s largest energy exporter, said the current oil-price slump was expected and it doesn’t plan talks with Saudi Arabia for the time being. The decision to keep the Saudis at arm’s length comes as oil tumbles to a four-year low, continuing its slide after the collapse of OPEC+ …

In a reckless move characteristic of his leadership, Saudi Crown Prince Mohammad Bin Salman, known as MBS, spurred an oil crisis this week that cratered financial markets and could devastate American oil producers. After Saudi Arabia indicated it will massively ramp up oil production, oil prices experienced their biggest one …

American oil producers are slashing their budgets for new operations for the rest of this year, which means far fewer new rigs, a painful downturn for dozens of oil-field services companies and the certainty of layoffs, from Texas to North Dakota. Worldwide, the coronavirus pandemic has kneecapped the petroleum business, …

Russia will provide funding for government spending commitments, including social sphere for six year at current oil process, Finance Minister Anton Siluanov said at a meeting of the Federation Council. “I want to say that even at current energy prices, we will have enough resources for a period of about …

President of the Chamber of Commerce and Industry of the Russian Federation Sergey Katyrin in a meeting with Iranian Ambassador to Moscow Kazzem Jalali stressed the need for doubled efforts to strengthen economic relations between the two countries amid the coronavirus outbreak.