Russia will consider OPEC's proposal on global oil reserves
Russia's Energy Ministry will consider OPEC's proposal on Tuesday to transfer the organization's goal for global reserves from 2013-2017 to 2010-2014 which should be reached as a result of cutting oil …
OPEC approves extension of deal on cutting oil production for 9 more months
The OPEC session has ended, and its member states agreed on extending the deal on cutting oil output for nine months starting from July, the Minister of Energy and Industry of the United Arab Emirates …
OPEC+ deal to be extended until April 2020 most probably
The most probable and the most discussed period for renewal of OPEC+ oil production capping deal is until April of the next year, a high-ranking source in the alliance told TASS on Monday.
Minsk will go to court if Moscow does not compensate lost profits from low-quality oil
Belarus reserves the right to go to court if Russia refuses to compensate for lost profits due to substandard oil, Deputy Prime Minister of Belarus Igor Lyashenko said on Friday.
"We see, obviously, …
Gas transit via Ukraine as tool of Russian-US ties
The gas transit contract between Russia and Ukraine expires at the end of 2019. Negotiations on a new one, involving the EU, started back in January but proved unsuccessful in two rounds and were …
EU blackmails Italy?
"At the moment, the procedure of sanctions against Italy due to the debt is justified." The letter sent to Brussels by Italian Prime Minister Giuseppe Conte is not enough to shake the confidence of …
Russia, India discuss agreement within gas supply project from Iran to Pakistan
Russia is currently discussing signing a memorandum with India on the Iran-Pakistan-India gas pipeline project, Russian Energy Minister, co-chairman of the intergovernmental commission of Russia and …
Putin approves supporting Rosneft's gas projects in Venezuela
Russian President Vladimir Putin has approved the government's proposal to support Rosneft's shale gas projects in Venezuela (Patao and Mejillones) and ordered to sign a protocol on making amendments …
World Bank describes Russia’s banking sector as ‘relatively stable’
Russia’s banking sector has been relatively stable, the World Bank said in its Russia Economic Report.
"The Russian banking sector has been relatively stable, supported by modest economic …
Is "independent" Ukraine facing a crisis on petrochemical market?
On June 1, restrictions on the supplies of oil, petrochemicals and coal to Ukraine from Russia took effect. These measures were first voiced back on April 18 as a response to the April 10 decision of …