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breakingnews
28.05.2009, 16:15
Russian oil producer, Rosneft, has posted a 1Q 2009 Net Income of $2.06 billion under U.S. GAAP.
28.05.2009, 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.
28.05.2009, 15:31
Russian mobile operator, VimpelCom, has posted a 1Q 2009 Net loss of 8.5 billion Roubles under U.S. GAAP.
26.09.2010, 10:22
3 comments
Prince Michael of Kent says that British firms should look closer at investing in Russia, but the UK ambassador says Britain doesn’t water down legal issues for commercial expediency.
16.12.2009, 17:42
2 comments
Britain's special trade representative, the Duke of York, has paid a visit to energy company TNK-BP in what is being seen as a sign British and Russian shareholders have put their disputes behind them.
29.10.2010, 10:54
1 comment
Maintaining oil extraction is a priority for the government, which is also looking to increase the tax take from refiners. They say this may make some downstream operations unprofitable.
13.03.2009, 19:58
Russia helped lead emerging market stocks to a 3-week high on Friday, with higher crude prices, in the lead up to the weekends OPEC meeting, and buoyant global markets providing a welcome upside for local investors.
11.06.2009, 16:15
Russia won’t reduce oil production in the next three years acording to Deputy Prime Minister, Igor Sechin. But after 2012, output will depend on investment in exploration, which has dropped significantly.
28.08.2009, 19:49
Lukoil is forecasting stagnating oil production in Russial. The government plans huge investment in oil sector to boost production by 10% over the next twenty years, but oil majors say it’s not the matter of money.
04.09.2009, 19:28
This weeks announcement of a giant oil discovery in the Gulf of Mexico has served to underline how important further discoveries will be to meeting future demand, with taxation changes in Russia seen as essential.
Published: 28 May, 2009, 17:39
OPEC has decided not to cut output, despite record levels of crude in inventories and weak demand forecasts, with some cartel members believed to have ignored previous commitments to cut.
