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Putin: Nord Stream-2 project to be implemented

The Nord Stream-2  project will be implemented, Russian President Vladimir Putin said, speaking at the plenary session of the Russian Energy Week. "There are some things that mean more than political …

Putin names oil price satisfactory for Russia

The oil price of $65-75 is satisfactory for Russia, the country's President Vladimir Putin said at the plenary session of the Russian Energy Week. "We will be quite satisfied with $70, 65, 75 per barrel," …

Russia not to ban dollar use

Russia’s government doesn't plan to restrict dollar usage in the country, but intends to approve a plan to reduce dollar usage, as the Kremlin steps up efforts to cut dependence on the U.S. currency amid fears of new U.S. sanctions. …

 Novak: Russia has room to raise oil output

Russia has not yet reached peak oil output and has room to raise it further, Energy Minister Alexander Novak said today on the sidelines of the Russian Energy Week forum. "We are expecting this year around 555 …

What does $85 oil mean?

Oil prices were higher today ahead of upcoming U.S. sanctions on Iran starting next month. Oil prices continue to increase primarily on concerns that the sanctions on Iran and the collapse of Venezuelan production will lead to shortages, as …

Oil hits four-year peak ahead of sanctions on Iran

U.S. oil prices hit their highest level since November 2014 and Brent crude was also near a four-year peak reached the previous day, with markets preparing for tighter supply once U.S. sanctions against Iran kick in next month. U.S. …