Tag Archives: Russia

Iranian Foreign Minister Mohammad Javad Zarif and his Russian counterpart Sergey Lavrov discussed the latest plot devised by Washington to put more pressure on Iran.

Oil is now a buyer’s market and China is the world’s largest purchaser of crude. As prices have plunged to multi-decade lows, the country may be reaping geopolitical advantages, if not economic benefits. China relies on imports for more than 70 per cent of domestic consumption. However, some commentators have …

China imported 31 percent more oil from Russia last month while its intake of Saudi crude slipped by 1.8 percent compared to March 2019, Reuters reported, citing calculations based on official customs data. Overall crude oil imports rose by 4.5 percent on the year to 9.68 million bpd. Of the …

Russia's Permanent Representative to the UN Mikhail Ulyanov has denied US allegations against Iran in the field of launching its military satellite, saying that the United States is violating the UN Security Council resolutions.

Russia’s permanent representative to international organizations in Vienna, Mikhail Ulyanov called US’ stance against launch of Iran’s military satellite double standards and hypocrisy. Mikhail Ulyanov has denied US allegations against Iran in the field of launching its military satellite and accused the United States of hypocrisy and double standards “US …

Russia’s energy ministry expects that demand on the oil market will gradually restore in the second half of the year but before it happens oil producing countries should avoid filling of oil storage facilities to the full and prevent a market collapse, Minister Alexander Novak said on Sunday. “The world …

Shipments of Russian crude oil to China increased more than 30 percent in March compared to a year earlier while Saudi imports of the commodity sank, Reuters reported, citing Chinese customs data. As crumbling demand for crude and lack of storage space have been wreaking havoc on the oil market, …

The pipe laying vessel Akademik Cherskiy, owned by Gazprom’s subsidiary (Gazprom Fleet LLC), changed its course again and is heading to the port of Nakhodka. Now the pipe-layer is passing the English Channel, according to data from the ship tracking websites Myshiptracking and Vesselfinder. The estimated time of the vessel’s …

The Russian oil industry does not yet need government support, it has accumulated certain reserves, Russian Minister of Economic Development Maxim Reshetnikov said in an interview with Rossiya 24 TV channel. “So far they are managing. On the one hand, certain reserves have been accumulated, and on the other hand, …

Polish state oil and gas company PGNiG issued a statement accusing Russia’s Gazprom of failing to comply with the ruling of Stockholm arbitration court. According to Warsaw, the Russian company continues to abuse its monopoly position in the market. “Gazprom has not complied with the final decision of the Arbitration …