breakingnews
17.10.2008, 08:28
Russia’s federal budget for 2009 could go into deficit as the price of Urals crude falls below $70/BBL, sharply cutting revenues of the world largest energy exporter. The drop comes as the State Duma is holding a second hearing on the Federal budget for
17.10.2008, 08:51
There will be a global economic downturn, but there are a few factors specific to Russia that offer at least a ray of hope that it can minimize the effects locally, and get its economy into better shape for the upturn when it eventually comes.
22.10.2008, 06:06
Russia, Iran and Qatar have agreed to work together to find and produce gas. But heightened cooperation between gas producers is worrying to Western consumers.
23.10.2008, 06:04
Stronger together – the message from the first day of Energy Week in Moscow. Representatives of OPEC are talking to Russia's government about the organisation's efforts to support the oil price, possibly by cutting production. It comes as gas p
22.10.2008, 05:02
Russia, Iran and Qatar have agreed to form a powerful OPEC-style group for exporting gas. The consortium would control over 60% of the global natural gas reserves – and spark fears in the West that it could lead to higher prices.
Published: 24 October, 2008, 14:21
The Organisation of Petroleum Exporting Countries (OPEC) has decided to cut production by 1.5 million barrels a day at a meeting in Vienna. The cut is intended to halt the collapse in crude prices, which has left them more than 50 per cent lower than thei
