There are no reasons why Russia and Argentina should’t have bilateral ties, Argentinian President Cristina Kirchner said, stressing that it is “absurd” to deem Russia a threat. Kirchner spoke to RT in her first interview to a foreign media in five years.
In a consent decree filed before a federal court, subsidiaries of Exxon Mobil have agreed to pay almost $5 million to state and federal governments over the 2013 pipeline breach that spilled crude oil into the streets of Mayflower, Arkansas.
Officials overseeing the cleanup of the Gulf of Mexico have proposed 10 new recovery projects, worth $134 million. The funds are part of a $1 billion fund set aside by BP to deal with the Deepwater Horizon disaster, the worst oil spill in US history.
The UK is forcing Russian billionaire Mikhail Fridman, owner of the $10 billion L1 energy fund, to sell dozens of newly-acquired North Sea oil and gas assets in the next 3-6 months on fears more Russia sanctions could shut down the gas fields.
Western sanctions have not succeeded in crippling the Russian economy, as careful monetary and fiscal adjustments helped stabilize and strengthen the national currency despite low oil prices, finance minister Anton Siluanov told RT.
Undisputed leader of OPEC, Saudi Arabia, increased daily oil production by 658,800 barrels in March to an average of 10.294 million barrels a day, says data the country gave to the Organization of Petroleum Exporting Countries’ secretariat in Vienna.
The dramatic 50 percent decline in oil prices which started last summer had a relatively small impact on the global economy with 0.7 percent GDP growth worldwide, the IMF estimates. However, cheap oil has affected major economies differently.