Russian stocks push into bear territory as crude and World Bank cloud outlook
Published: 24 June, 2009, 11:50
Russia’s stock markets have headed back into bear market territory – falling more than 20% from their highs for the year.
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Russian fertilizer producer, Eurochem, has posted a 1Q 2009 Net Loss of 1.734 billion Roubles under IFRS.
Prime Minister Vladimir Putin has reiterated Russia's position saying it reserves the right to act, if Ukraine fails to make gas payments, claiming Ukraine has enough money to pay for gas from its international reserves.
The push to make the Russian rouble a new regional reserve currency has picked up momentum with renewed calls by Russian President, Dmitry Medvedev, at the St Petersburg Forum and the BRIC meeting in Yekaterinburg.
07.08.2009, 19:58
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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
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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.
02.11.2009, 09:50
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On Friday, the law on criminal liability for abusing antimonopoly rules also came into force, with energy majors under the pump for their pricing policies according to the Federal Antimonopoly Service.
28.07.2010, 21:51
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Russian shareholders of TNK-BP last saw Robert Dudley two years ago when a corporate row led to him leaving the country, but now he's back as head of the global operation.
Deputy Prime Minister, Igor Sechin, says Russia will propose a new oil pricing formula at an international conference it is planning for later this year, inviting major oil producers to Moscow.
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.
Members of the OPEC – pumping 40% of world supply – have decided against cutting output. It would still like a higher oil price – but first it wants members to comply with past cuts.
Published: 24 June, 2009, 11:50
Russia’s stock markets have headed back into bear market territory – falling more than 20% from their highs for the year.