Tag Archives: Russia

Suggesting that Russia and Turkey can manage the oil fields of eastern Syria, Deir ez-Zor, in place of the terrorists.

International Energy Agency Executive Director Fatih Birol on Monday denounced oil producer countries he said were playing “Russian roulette” with markets, adding that an apparent price war was an attempt to “kill” the US shale sector, but was unlikely to succeed and could have “grave consequences” around the world, Platts …

Already grappling with risks from the spreading coronavirus, markets around the world found themselves opening Monday with yet another shock – Saudi Arabia firing the first shot of an oil price war. The move lead Brent crude to drop by almost a third at one point Monday, sinking the global …

The oil market turmoil dragged down Russia’s national currency, which fell sharply against the US dollar and the euro.

Deputy Minister of Digital Development, Communications and Mass Media of the Russian Federation and Head of Iran-Russia Media Cooperation Committee Alexey Volin announced that Russia is ready to cooperate with the Islamic Republic of Iran in the field of cybersecurity and information.

Prices will fall until either Moscow or Riyadh call off the endurance contest.

Russia's Permanent Representative to International Organizations in Vienna Mikhail Ulyanov has urged the US officials to refrain from politicizing the IAEA report on Iran's nuclear program.

The oil market now faces double jeopardy.

The most immediate pain is likely to be felt in the US shale industry.

OPEC had proposed cuts of 1.5 million barrels per day (bpd) in addition to cuts already in place, a move Russia resisted.