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23.06.2009, 15:35

Eurochem posts 1Q 2009 Net Loss of 1.734 billion Roubles

Russian fertilizer producer, Eurochem, has posted a 1Q 2009 Net Loss of 1.734 billion Roubles under IFRS.

23.06.2009, 14:46

Ukraine gas payments: Russia ‘reserves the right to act’

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.

23.06.2009, 14:20

Making the Rouble a new regional reserve

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.

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.

02.11.2009, 09:50 2 comments

New antimonopoly rules to put transgressors behind bars

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 1 comment

Dudley’s Russian toil ensures TNK joint venture will stay with BP

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.

12.03.2009, 16:50

Russia to propose new pricing formula on crude at Moscow conference

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.

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.

16.03.2009, 10:36

OPEC holds off on further production cuts

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.

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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