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Articles with tag "Oil"

TURNING ON THE TAPS

Russia To Raise Oil Production Under New OPEC+ Deal

Oil prices jump as Russia secures deal to increase production in February.
News Wrap

News From Russia: What You Missed Over the Weekend

Frozen pipes. Metro women. Oil slump.
ARCTIC PLANS

Russia’s Rosneft Announces Start of Vast Arctic Oil Project

Russia's Arctic energy plans have been criticized by environmentalists.
'growing divide'

U.S., European Oil Majors Could Create Supply Crisis With Renewables Push – Russia’s Rosneft

Rosneft first vice president Didier Casimiro reportedly called the commitment to renewables an “existential threat.”
special souvenir

Rosneft Head Gifts Putin With Bottle of Arctic Oil

Simply fabulous quality, Rosneft leader Igor Sechin says as he gives the president a bottle of oil from his new Arctic project.
CORONAVIRUS RECESSION

OPEC+ Deal Weighs on Russia’s Economic Recovery

Industrial production drops on oil cuts as lockdown restrictions lifted.
threats from abroad

Foreign Adversaries Could Use Tundra Oil Spill to Discredit Russia, Security Chief Warns

Security Council Secretary Nikolai Patrushev accused Western powers of seeking to destabilize Russia.
negligence charges

Russian Mayor Charged Over Failure to Contain Arctic Spill

Norilsk Mayor Rinat Akhmetchin faces up to six months in prison if convicted.
CLIMATE CRISIS

In Siberian Fuel Spill, Climate Change Is Seen as Major Factor

Russia’s weather and environment service warned of the risks of melting permafrost as early as 2017.
DIVID-END

Russian Oil Major Scraps Dividend as Industry Reels From Oil Price Crash

Tatneft’s decision could be bellwether as industry braces for $10 billion hit to earnings.
OIL CRASH

Explainer: What Happened to Oil Prices and What Does it Mean for Russia?

Oil prices in the U.S. went negative for the first time in history. Should Russia be worried?
DAMAGE LIMITATION

OPEC+ Deal Will Help Russia Avoid ‘Market Chaos,’ But Provides Little Support to Embattled Economy

The production cut will support oil prices and avoid a further ruble crash while the wider economic damage from coronavirus continues to build. 
news

Markets Uninspired by ‘Historic’ Russia-Saudi Oil Deal

Analysts say cuts to supply do not match the crash in demand.
OPEC+ 2.0

Putin Says Russia Ready to Cooperate on Cutting Oil Production

The world's biggest oil producers will discuss a record round of production cuts by video conference Monday.
price wars

Trump Says Expects Russians, Saudis to Cut 10M Barrels Oil

The Kremlin denied that Putin spoke with the Saudi crown prince.
CORONAVIRUS FALLOUT

Russia Props Up Ruble, Oil Producers

The Central Bank will increase sales of foreign currency reserves and compensate oil producers.
opinion Andrey Movchan

War With OPEC Can’t End Well for Russia

Falling oil prices leave no chance Russia’s GDP will grow in 2020 — a bleak prospect for both ordinary people and once optimistic investors.
opinion Chris Weafer of Macro-Advisory for bne IntelliNews

Oil War: Who Will Blink First?

The closing shoot-out scene of the spaghetti western “The Good, The Bad, and The Ugly” comes to mind.
MARKET PANIC

Russian Stock Market Plunges, Oil Shares Hit Hard

Shares fall 10% following global ‘Black Monday’ on financial markets.
DOWN, DOWN, DOWN

Russian Ruble Plummets Amid Oil Market Chaos

The ruble hit a four-year low against the U.S. dollar as oil prices crashed 30% overnight.
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