Armenia To Choose Between Energy Diversification And Loyalty To Russia
Armenia To Choose Between Energy Diversification And Loyalty To Russia.
Armenia To Choose Between Energy Diversification And Loyalty To Russia.
Poll: More Russians Skeptical About Putin’s Economic Course.
Russian President Vladimir Putin today held his question-and-answer session with the Russian public, an annual tradition known as “The Direct Line.” Callers from all over the Motherland asked their president questions via a video link, televised live for four solid hours. Although there were a few chances for Mr. Putin…
Russia, Saudis See Oil Levels Dropping After Price Drop.
Kazakhstan Boosts Production Despite OPEC Pledge.
Image by Artur1917 Russia can live forever on $40 oil said Russia’s Economy Minister Maxim Oreshkin at the St. Petersburg Economic Forum today in an interview with Bloomberg. In the Kremlin’s eyes, they have already achieved their targeted goal of reducing inventory levels of crude around the world and are…
Russia has maintained its lead over Saudi Arabia in oil production for the second month in a row. The two nations are vying for market share in China as the Chinese economy continues to grow in mid-single digits. OPEC and Russia agreed to production limits to reduce the glut of…
The Russian Minister of Economic Development, Maxim Oreshkin, said last week that the Kremlin expects the price of crude oil to weaken again to the $40 area and stay there. “The basic precondition from the standpoint of oil price is that oil prices will drop to $40 per barrel in…
The Russian ruble has had a nice run over the past few months, surging from its low of around 80 to the USD, to a recent 58 handle. There have been many factors supporting the currency, not the least of which is a surging Russian economy, pulling its way out…