Russia’s labor market situation to improve by end of 2020
The situation on the Russian labor market can start improving by the end of 2020 if the real economy revives, the Russian Accounts Chamber report on federal budget shows.
"As of late September, we …
OPEC+ countries to discuss oil market prospects amid weakening demand
Ministers of the monitoring committee of the OPEC+ countries will gather on Monday for another video meeting to discuss oil production cuts. This will be the fifth negotiations since the start of the …
Russia hopeful Germany will stick with Nord Stream 2
Moscow is hoping that the German government will remain committed to implementation of Nord Stream 2, a major gas pipeline project, Russian Ambassador to Germany Sergei Nechayev said in an interview …
Situation on oil market will improve by year end
The decline in oil prices, which occurs amid weakened demand and fears of a second wave of the coronavirus, will affect Russia’s oil and gas revenues.
According to the Finance Ministry, from …
Dollar rate rises to 73.41 rubles, euro - up to 86.94 rubles as Thursday trading opens
The dollar-to-ruble rate rose by 0.14%, to 73.41 rubles at the opening of trading on the Moscow Exchange. The euro rate added 0.21%, reaching 86.94 rubles. This is according to the trading dare as of …
Aeroflot not planning personnel cuts in the near future
Russia's flagship carrier Aeroflot is not planning to fire staff in the near future, CEO Vitaly Saveliev said in an interview with TASS project Top Business Officials.
"We haven’t cut a single …
Oil price will be about $45/bbl in 2021
Brent oil prices can grow to about $45 per barrel in average over the year in 2021 and to $53 per barrel in 2022, Fitch Ratings says in its research on Wednesday. It is expected to be about $45 per …
Nord Stream 2 AG appeals EU court ruling in Gas Directive action
Nord Stream 2 AG, the Swiss-based operator of the Nord Stream 2 pipeline project, has filed an appeal against the General Court of the European Union’s decision to dismiss the company’s …
Gazprom Export in touch with partners on gas pipeline accident
Gazprom Export is in contact with its partners regarding the pipeline accident on the border between Bulgaria and Greece and expects an update on timing for completion of repair work from the …
US shale production suffers flurry of bankruptcies
The American shale industry experienced landmark stress in the second quarter of this year. April-recorded negative costs of WTI oil undermined the economy of many projects and had been scaring away …