US President Donald Trump’s call for a 10 million barrel per day – or even 15mn bpd – cut drove up oil prices last week but weak demand continues to run the show, with little respite expected from talks due to take place this week.
After Turkey invaded Cyprus in 1974, it found itself short of military hardware. In stepped Muammar Qaddafi, and four Turkish DC-9 commercial aircraft with the seats stripped out were loaded with rockets from Libyan stockpiles of U.S.-made weaponry. He refused all payment.
The Russian-Turkish ceasefire talks for Libya fell apart on the opposition of General Khalifa Haftar on January 13, with the head of the Libyan National Army (LNA) walking away from meetings in Moscow.
Russia and Turkey have called for a ceasefire in Libya, to come into force as of midnight January 12.
Russia officially opened its TurkStream natural gas pipeline on Wednesday, further diversifying export routes to Europe amid a backlash from the U.S.
Russia has halted oil supplies to Belarus as talks on strengthening economic ties remained stalled over concerns that Moscow could effectively swallow up its neighbour.
The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cement their energy co-operation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
North Sea veteran Algy Cluff said yesterday the current rocky relations between the UK and Russia highlighted the dangers of Britain relying on foreign gas imports.
Russia, embroiled in a deepening rift with the U.K. over the poisoning of a former spy, moved to remind Europe that it’s the most flexible and reliable source of energy needed by the continent.
Vladimir Putin has rolled to a crushing re-election victory for six more years as Russia's president.
The spy poisoning scandal in the U.K. is spilling into energy.
Oil producing nations meet on Thursday to discuss extending production cuts to re-balance crude market supply and demand. The cuts, which came into effect on January 1, comprised a reduction of 1.2million barrels per day for Opec members, and 600,000 for non-Opec states, with Russia making up the bulk of that quota.
Vladimir Putin wanted to remake Josef Stalin’s quest for a greater foothold in the Arctic into a global shipping bonanza that could compete with the Suez.
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country's natural resources.
Russian President Vladimir Putin has praised an “all-embracing and strategic partnership” with China during a visit to Beijing that takes place against the background of a drop in trade and lingering mistrust.
Shell and Russia's gas major Gazprom will jointly invest $13 billion in three projects in Russia.
Vladimir Putin will discuss energy cooperation as he continues his two-day visit to Greece, his first trip to a European Union country this year.
Prime Minister David Cameron must take “real action” to crack down on offshore tax havens, opposition figures have demanded after a massive data leak exposed the scale of efforts by the rich and powerful to hide assets.
Few things have more potential to spook the oil market than the prospect of Russia joining forces with OPEC. Speculation that such a move was afoot last month drove crude to its biggest three-day gain in 25 years. Despite the market buzz, there are sound economic and technical reasons why this is unlikely to happen.
Russia today signed a preliminary agreement on building a natural-gas pipeline through Greece. The deal signals strengthening ties between the countries as the crisis-stricken government in Athens is increasingly isolated from the rest of Europe.