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28.05.2009, 11:40

X5 posts 1Q Net Loss of $82.1 million

Russia's largest retailer, X5 Retail Group, has posted a 1Q 2009 Net Loss of $82.1 million under IFRS.

27.05.2009, 21:57

Moment of truth for Magna-Sberbank Opel bid as new GM demand stalls talks

Negotiations between GM and bidders for its Opel operations in Europe stalled during late Wednesday night discussions hosted by the German Chancellor, as workers have back the Magna-Sberbank bid.

27.05.2009, 20:20

Global banks lead the way on managing risks

The Russian operations of global banks generated almost twice the return on assets of domestic banks in the first quarter of this year, with experts pointing to asset quality and risk management.

Image from blog.kir.com 07.08.2009, 19:58 3 comments

Oil braces for tighter longer term

Crude oil is again trading about $72 per barrel after a fourth weekly gain, with the International Energy Agency suggesting falling production may drive prices higher and the world towards another oil crisis.

27.10.2009, 18:52 1 comment

Russia, Turkey agree on oil refinery construction Samsun-Ceyhan pipeline

Russian Energy Minister Sergei Shmatko has announced that Russia and Turkey have agreed to build an oil refinery as part of the Samsun-Ceyhan Pipeline project.

AFP Photo / Joe Klamar 13.03.2009, 12:34

Gennady Krasovsky: Oil, OPEC, and the outlook

Gennady Krasovsky, Head of Investor Relations at Lukoil, spoke with Business RT ahead of this weekends OPEC meeting in Vienna, about factors determining the demand outlook.

RIA Novosti / Mikhail Fomichev, STF 28.12.2009, 17:01

Oil terminal opens Russian crude exports to the east

The opening of the new oil export terminal at Kozmino on Russia’s Pacific coast will alter the balance Russia’s crude export dynamics according to Pavel Sorokin, an oil and gas analyst from Unicredit Securities.

29.12.2009, 16:42

Agreement reached on oil shipment through Ukraine

Russia and Ukraine have finally signed an agreement on the transit of oil to Europe through Ukraine.

25.08.2009, 11:37 5 comments

Russian renewable energy prepares for a bigger slice of the power pie

As the world’s largest producer of gas, and one of the worlds major producers of oil and coal, Russia isn’t generally seen as being at the forefront of the global thrust towards greater use of renewable energy sources.

09.07.2010, 13:10 1 comment

Russian retailing loses gloss as conditions get tougher

The Russian consumer has been an attractive proposition for global investors for a long time, pushing Russia into second spot in 2009 as a place to do business. But it's slumped this year to 10th place.

Oil prices pick up on dollar slide despite demand outlook

Published: 28 May, 2009, 15:13


After plummeting from nearly $150 per barrel in July 2008, to as little as $35 per barrel in December the same year, this week has seen crude price hold above $60/bbl.

 
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