Russian President Vladimir Putin is scheduled to visit the United Arab Emirates and Saudi Arabia on Wednesday. The talks will focus on bilateral relations and the Israel regime-Hamas war, Kremlin spokesman Dmitry Peskov said on Tuesday. Peskov said that discussions on oil market cooperation will be on the agenda of …
Read More »Putin Says OPEC+ Output Cuts ‘Likely’ to Continue into 2024
Russian President Vladimir Putin told an energy conference in Moscow on Wednesday that Russia and Saudi Arabia would “most likely” extend output cuts into 2024 and warned that clashes in the Middle East could impact oil exports with higher shipping and insurance costs. “I am sure that the coordination of …
Read More »Turkey Gas Hub still on Agenda, Russian President Putin Says
Russian President Vladimir Putin said the proposed “gas hub” in Türkiye is still on the agenda. He noted that Moscow wants to set up an electronic platform for gas sales in Turkey, and they do not want to store gas there. Last year, Putin proposed the idea of creating a …
Read More »Putin Says Oil Output Cuts Needed to Maintain Prices
Russian President Vladimir Putin said on Wednesday, May 17, that oil production cuts were required to maintain a certain price level, contradicting assurances from other leaders of the OPEC+ group of producers that it was not seeking to manage the market in that way. The United States and Europe have …
Read More »Putin Inaugurates Siberian Natural Gas Field as Russia Targets Chinese Market
Russian President Vladimir Putin on Wednesday has inaugurated the Kovykta natural gas field in eastern Siberia, located strategically to allow Russia to increase gas exports to China amid growing tensions between Moscow and the West. The inauguration is the culmination of efforts that began about a decade ago to develop …
Read More »China’s Xi Looks to Strengthen Energy Ties with Russia
China is willing to forge a closer partnership with Russia on energy issues to ensure global energy security, President Xi Jinping said on Tuesday, as the G7 grouping of nations prepares to impose new measures on Russia’s oil exports. State broadcaster CCTV reported Xi’s comments, made in a message to …
Read More »Putin Says Setting up Natural Gas Hub in Turkey Quite Easy
Russian President Vladimir Putin on Monday said a natural gas hub could be set up in Turkey quite easily and predicted that many countries in Europe would want to make deals for supplies. Putin made his remarks at a news conference in Sochi. Earlier this month, President Recep Tayyip Erdoğan …
Read More »Putin Warns the World is Facing the most Dangerous Decade since World War II
Russian President Vladimir Putin says the world faces the most dangerous decade since World War II and predicted that the historical period of the West’s “undivided dominance over world affairs” is coming to an end. Speaking on October 27 at a conference of international policy experts in Moscow, Putin said …
Read More »Biden Calls Putin’s Rhetoric on Nuclear Weapons Dangerous
U.S. President Joe Biden expressed skepticism about Russian President Vladimir Putin’s words that he does not intend to use nuclear weapons in Ukraine, the Voice of America reports. Biden considers the Russian president’s rhetoric dangerous. “If he has no intention, why does he keep talking about it? Why is he …
Read More »Erdoğan, Putin Agree to Form Natural Gas Hub in Turkey
Turkish President Tayyip Erdoğan announced on Wednesday that he had agreed with Russian dictator Vladimir Putin to form a natural gas hub in Turkey. Speaking to members of his AK Party in parliament, Erdoğan said Putin had said Europe can obtain its gas supply from the hub in Turkey. Putin …
Read More »