Search Results for: Russian
Oil Prices Drop as Chances Fade for Output Cuts
February 2nd, 2016
Coordinated cutbacks considered less likely after Iran raises its export target Oil prices gave back a big chunk of last week’s gains, with traders losing hope that the world’s big producers will cut their output and that Asia’s economies ...
Russia holds key rate at 11% as economy lags
February 1st, 2016
Russia kept its interest rate steady on Friday but announced it wouldn’t rule out tightening monetary policy if inflation risks rise, after a month in which the ruble dropped to record lows as oil prices deteriorated. January marked a ...
Oil Prices Climb on Hopes for Production Cuts
January 29th, 2016
Move difficult to realize, but could tackle oversupply pressuring crude market Crude-oil prices rose to a three-week high on hopes that Russia and the Organization of the Petroleum Exporting Countries would cooperate on production cuts. Russia’s energy minister said ...
Russia wants to talk to OPEC about output cuts to bolster oil price
January 28th, 2016
Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of Russia’s pipeline monopoly said on Wednesday, remarks that helped spur a sharp rise in world ...
Oil Prices Rise on Hint of Willingness to Cut Supplies
January 27th, 2016
Iraq’s oil minister cites signs that Saudis, Russia may be more ‘flexible’; other OPEC leaders defend pumping strategy Oil prices rose above $30 a barrel Tuesday as traders speculated that large producers might be more willing to cut production, ...
OPEC, Russia talk of oil teamwork, but Saudi talks of investment
January 26th, 2016
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi Arabia signaled its resolve to allow the market to balance ...
Ukraine’s anti-monopoly committee fines Gazprom $3.4bn
January 25th, 2016
The anti-monopoly committee of Ukraine has fined Russia’s Gazprom $3.4 billion for alleged abuse of its dominant position on the Ukrainian gas transit market, the committee’s head Yuriy Terentyev said Friday. “A decision was just made regarding Gazprom’s abuse ...
Russia’s currency collapses to lowest level ever
January 21st, 2016
The Russian ruble has just collapsed to its lowest ever level. It dropped 4% to 82 rubles per U.S. dollar on Wednesday, passing a previous low hit in late 2014 and piling on the pain for an economy already ...
Falling oil prices: How are countries being affected?
January 19th, 2016
Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday. Analysts say the drop has been driven by oversupply, coupled with a fall in demand because of a slowdown ...
The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week
January 18th, 2016
It looks like it is going to be another chaotic week for global financial markets. On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East. Stocks in Kuwait were ...
