breakingnews
13.03.2009, 15:07
OPEC is meeting in Vienna on Sunday to consider further production cuts, with Russia -the largest non OPEC oil exporter – among those nations hoping for an agreement on lower ouput.
13.03.2009, 14:36
Support for Eastern Europe, more global cooperation and cracking down on protectionism are shaping as the big issues for next months G20 summit, according to UK Foreign Office Minister Lord Malloch-Brown.
13.03.2009, 12:34
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.
26.09.2010, 10:22
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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
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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
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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.
28.05.2009, 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.
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: 13 March, 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.
