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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

Oil prices fell on Wednesday after a surprise rise in US inventories of refined products in what the market interpreted as a sign of flagging demand.
News ID: 1628    Publish Date : 2017/12/11

The first comminution line will be delivered at the end of 2018 and the second around 2020.
News ID: 1412    Publish Date : 2017/10/11

Moscow and Tehran may soon agree upon conditions for the sale of 100,000 barrels of oil per day, according to the Russia n energy minister.
News ID: 1203    Publish Date : 2017/08/20

During the first four months of the current fiscal year (March 21-July 22), Iran exported $180 million worth of goods to Russia and imported around $800 million in return
News ID: 1192    Publish Date : 2017/08/18

Moscow is seeking to convince Tehran to stick to its commitments under the two-year nuclear deal despite being struck by several rounds of fresh US sanctions as part of Washington's toughened Iran policy, a Russia n lawmaker said.
News ID: 1185    Publish Date : 2017/08/17

Outotec has been awarded a contract for the delivery of grinding and flotation technology in Russia .
News ID: 1129    Publish Date : 2017/04/24

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday the deal between OPEC and non-OPEC nations for cutting output could be further extended beyond June.
News ID: 1035    Publish Date : 2017/03/30

The agreement was reached in a trilateral meeting on Tuesday in Moscow, where rail officials from the three countries discussed ways to facilitate activation process for the INSTC project
News ID: 1021    Publish Date : 2017/03/10

Russia and Kuwait have opened talks on the possible construction of a nuclear power plant (NPP) as well as cooperation in the spheres of petroleum services and gas, Russia n Energy Minister Alexander Novak said in an interview with the Rossiya-24 broadcaster on Sunday.
News ID: 907    Publish Date : 2017/01/24

Russia 's output of oil products is expected to fall by about 2.5% in 2017 due to further work on a massive refinery modernization program aimed at boosting fuel quality, a deputy energy minister said.
News ID: 783    Publish Date : 2016/12/28

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