Russia exported 36.65 million barrels less crude oil in the first ten months of the year, not least because of its participation in the OPEC+ pact to reduce global supply.
News ID: 2947 Publish Date : 2018/12/17
Chairmen of the Iranian and Russia n chambers of commerce, in a meeting in Tehran, agreed to cooperate on annual Iran- Russia trade conference, urging the governments in Tehran and Moscow to extend backing to the private sectors in the climate of sanctions.
News ID: 2868 Publish Date : 2018/12/09
Iranian Energy Minister Reza Ardakanian stressed that Iran and Russia that are both facing Washington’s sanctions have a lot of common views and mutual understanding.
News ID: 2798 Publish Date : 2018/12/03
Russia and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+, although the two sides have yet to agree on any fresh output cuts.
News ID: 2795 Publish Date : 2018/12/03
Russia n President Vladimir Putin signed a bill ratifying a temporary agreement on the formation of a free trade zone between the Eurasian Economic Union and Iran on Wednesday.
News ID: 2766 Publish Date : 2018/12/01
Oil’s on track for its worst month in a decade on growing fears over a global supply glut that’s been exacerbated by American waivers to Iranian crude buyers.
News ID: 2762 Publish Date : 2018/12/01
Iran’s Minister of Roads and Urban Development Mohammad Eslami said Russia has decided to open a €3 billion credit line to finance the international North-South Transport Corridor (NSTC) which connects India to Russia via Iran.
News ID: 2676 Publish Date : 2018/11/21
Russia may launch settlements with Iran in national currencies in order to continue bilateral cooperation despite the US sanctions against Tehran, Russia n Energy Minister Alexander Novak said.
News ID: 2665 Publish Date : 2018/11/20
President Vladimir Putin said he discussed the price of oil with US counterpart Donald Trump when they met in Paris briefly on Sunday, adding that Russia is happy with current prices.
News ID: 2633 Publish Date : 2018/11/17
After imposition of ban on scrap exports since 21st July, major importers like Turkey and South Korea observed 41% and 58% fall in scrap imports from Russia in August
News ID: 2561 Publish Date : 2018/11/09
Saudi Arabia and Russia , both of whom have boosted their crude output in recent months, were responsible for a $15/b drop in the price of oil and "should cut at least 1 million b/d instantly", an OPEC delegate told S&P Global Platts.
News ID: 2528 Publish Date : 2018/11/07
Russia n steelmaker Severstal expects hot-rolled coil (HRC) export prices to drop to under $500/t fob by the end of the year, head of marketing Dmitry Goroshkov said ahead of the company's Capital Markets Day today.
News ID: 2526 Publish Date : 2018/11/07
India, Russia and Iran will hold a trilateral meeting on the International North-South Transport Corridor on November 23 to make the 7,200-km ship, road and rail route operational soon, an official statement said on Monday.
News ID: 2479 Publish Date : 2018/10/31
Russia n Energy Minister Alexander Novak said on Saturday there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could be facing a deficit.
News ID: 2468 Publish Date : 2018/10/29
The European Union plans to invite Russia and China to join a future alternative payment network to the global financial service provider SWIFT to circumvent the US sanctions on Iran, Russia n Ambassador to the European Union Vladimir Chizhov said.
News ID: 2455 Publish Date : 2018/10/26
Oil markets look “adequately supplied for now” after a big production increase in the last six months, but the industry is coming under strain, the West’s energy watchdog said on Friday.
News ID: 2427 Publish Date : 2018/10/13
A report on Iran’s imports in the first half of the current Iranian year shows the value of imports from Russia has doubled when compared with the corresponding period last year.
News ID: 2378 Publish Date : 2018/10/06
Russia n and Saudi energy ministers see rising geopolitical risk as driving the recent oil price increase at a time when there is sufficient supply in the market -- a view that resonated with many delegates at Russia n Energy Week, as the industry prepares for Iran sanctions to come into force on November 4.
News ID: 2351 Publish Date : 2018/10/04
US crude oil shipments to China have “totally stopped”, the president of China Merchants Energy Shipping Co. said on Wednesday, as the trade war between the world’s two biggest economies takes its toll on what was a fast growing businesses.
News ID: 2349 Publish Date : 2018/10/04
According to latest release by Russia n customs data,flat steel exports which includes (7208- HR coils/Plates,7209 - CR coils, 7210, 7212 GP/GC and 7225 electrical sheets) plunged by 9% on monthly basis in Jul’18 to 0.72 MnT which was 0.79 MnT in previous month.
News ID: 2228 Publish Date : 2018/09/22