breakingnews
24.10.2008, 12:51
The Organisation of Petroleum Exporting Countries, has decided to cut output by 1.5 million barrels a day as of next month in an attempt to shore up sagging prices.
11.11.2008, 14:09
Prime Minister Vladimir Putin has sought to ease fears over a so-called ‘gas Opec’, saying the proposed union of natural gas producers poses no threat to consumers.
27.11.2008, 03:53
Military links and joint energy ventures have dominated talks between the Russian and Venezuelan leaders in Caracas. Dmitry Medvedev is the first Russian leader to pay an official visit to Venezuela in more than 150 years of relations between the two coun
14.12.2008, 07:01
Russia is attending next week's summit of the oil cartel OPEC in Algeria along with three other non-member countries – Azerbaijan, Oman and Syria. Faced with a budget deficit at home, President Dmitry Medvedev says he is considering joining OPE
Published: 11 December, 2008, 18:55
Russia says it is not only considering cutting oil production, but is also mulling OPEC membership. President Medvedev says Russia is ready for the step and it could help put a floor under prices.
