Economy

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Brent oil exceeds $72 for first time since November

Oil prices rose for a second day on signs of strong demand from refineries in China amid tightening supply as producers curtail output and as oil inventories in the U.S. fell unexpectedly. Brent crude oil futures rose 29 cents (0.4%) to …

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Sberbank sets Russia's record in dividends

The supervisory board of Russia’s biggest lender Sberbank has recommended paying 361.4 billion rubles ($5.62 billion)   in dividends for 2018, CEO German Gref said. The dividend payment will account …

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Gazprom Neft sees OPEC+ deal ending in mid-2019

Gazprom Neft , the oil arm of Russian gas giant Gazprom, expects the global oil deal between OPEC and its allies to end in the first half of the year, first deputy CEO of Gazprom Neft Vadim Yakovlev said. According …

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Nord Stream 2 AG about new route of Nord Stream 2

The length of the Nord Stream 2 gas pipeline route in Danish waters under the third construction permit application in Denmark exceeds the original route by 25 kilometers, the operator of the Nord Stream 2 gas pipeline construction project, Nord …

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Russia refuses to place Eurobonds

Russia's Finance Ministry sees no particular need to issue Eurobonds this year, Deputy Russian Finance Minister Sergei Storchak said. The Finance Ministry plans to focus on the domestic debt market, he noted, describing …

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EU ready to start trade talks with US

The European Union is ready immediately to start trade negotiations with the United States to remove tariffs and a deal could be rapidly concluded, European Trade Commissioner Cecilia Malmstrom said. "I will reach …

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Russia raises crude export duty by $7.2 on May 1

Russia's crude export duty will be increased by $7.2 to $106.6 per ton from May 1, 2019, according to the Russian Finance Ministry's website. From March 15 to April 14, the average price of Urals petroleum mix was …

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