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Iran seeks OPEC support against US sanctions

Iranian Oil Minister Bijan Zanganeh has asked OPEC president, United Arab Emirates Energy Minister Suhail al-Mazrouei to support it against new U.S. sanctions. “I would like to seek OPEC’s …

Azerbaijan Business Center opens in Russia's Astrakhan

The opening ceremony of the Azerbaijan Business Center, initiated by the Heydar Aliyev Foundation, was held in Russia's Astrakhan today.   The opening ceremony was attended by Vice-President of the Heydar Aliyev Foundation …

Will Naftogas seize Gazprom's European property?

Russian gas giant Gazprom said it was aware of actions by Ukrainian oil and gas firm Naftogaz to enforce an arbitration court ruling. Naftogaz said earlier today it had initiated the enforcement of a $2.6 billion award from the …

$100 a barrel oil not expected

There is no reason for oil to hit $100 a barrel,  BP Chief Executive Bob Dudley said. "There are people who predict the oil price of $100 per barrel. I do not think it will reach $100 unless there are any …

Gazprom's income tops all forecasts

Russia's gas giant Gazprom said its first-quarter net income rose 11% to 371.6 billion rubles ($6 billion), thanks to higher gas prices and sales volumes, beating analysts' expectations. Analysts polled by Reuters had on average …

China and Russia push into Iran

Chinese and Russian state-backed companies are maneuvering to profit from European firms leaving Iran, threatening the Trump administration’s bid to raise economic pressure on Tehran. As The Wall Street Journal writes in an article …