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3 mins read
Russia says it's the bigger person for not cutting Europe's natural gas supply — but that's not all there is to it
Russia supplied 40% of Europe's gas before the full-scale invasion of Ukraine. It's now down to 15%.
Huileng Tan
2 mins read
Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says
Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a stu…
Jennifer Sor
3 mins read
Russia's defense sector is running on overdrive — but firms are warning of bankruptcy
Russia has almost tripled defense spending for the Ukraine war, but rising inflation and interest r…
Thibault Spirlet
2 mins read
Russia's lucrative oil and oil industry is an easy target for Europe after Trump's election victory
The European Commission's president said the European Union could boost US liquified natural gas pu…
Huileng Tan
3 mins read
3 reasons why Russia's economy can survive without crisis for up to 5 more years, think-tank economists say
Expectations that Russia's economy will struggle are misplaced, and multiple factors should keep th…
Filip De Mott
3 mins read
How Saudi Arabia could create a crisis for Russia's economy
Saudi Arabia has signaled that is is ready to flood the market with oil if OPEC doesn't commit to c…
Filip De Mott
2 mins read
Russia's economy is signaling a fate worse than recession
Russia's central bank said inflation is rising as the nation's economy slows. Those are key ingredi…
Filip De Mott
2 mins read
Russia is facing a 'time bomb' at the heart of its economy, economist says
"Putin's war not only imposes on today's Russians a worse life than they otherwise would have had. …
Jennifer Sor
1 min read
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 mil…
Jennifer Sor
1 min read
Russia's oil revenue has plunged as global crude prices tumble
Moscow saw oil sales drop to $1.44 billion the last week, the lowest value since January, Bloomberg…
Jennifer Sor
3 mins read
Russia's economy faces 'near stagnation' with sanctions whittling down annual GDP growth, European economist says
Russia's economy could be losing as much as 3% of its GDP a year due to Western sanctions, a Europe…
Jennifer Sor
2 mins read
Russia built a secret trade channel with India, leaked documents show
Russia planned to use its trove of rupees to covertly buy critical supplies in India, according to …
Filip De Mott
3 mins read
India imports $12.4 billion worth of crude from Russia but discounts are waning
India has been enjoying the discounted crude oil from Russia for over a year now. But the discount …
1 min read
Stock market today: US indexes gain after soft inflation report supports more rate cuts
"The Fed feels as though it has won the battle on inflation and its primary focus is making sure th…
Matthew Fox
1 min read
Russia's oil exports are climbing near 4-month highs despite big production cuts
Moscow's crude exports climbed higher in the last four weeks despite earlier its move to slash its …
Jennifer Sor
2 mins read
Putin wants to retaliate against Western sanctions with commodity export curbs — but Russia needs the money, too
Putin recognizes the risks in export curbs, which he said could "harm us."
Huileng Tan
2 mins read
Russia's economy faces a demographic disaster and risks seeing its population reduced by half by the end of this century, think tank says
"Putin's government has not evinced visible concern that Russia's population might be cut in half b…
Jennifer Sor
1 min read
Putin backs OPEC production cuts but warns of losing oil-market share to the US
Putin backed the production cuts, but said the output is dropping "while it grows in other countrie…
Yuheng Zhan
2 mins read
OPEC+ output witnesses biggest drop in six months, falling short of agreed cuts
In January, OPEC+ crude output witnessed a decline of 340,000 b/d, attributed partly to voluntary c…
ANI
1 min read
Russia and Saudi Arabia vow to keep cutting oil production this summer
Russia is slashing oil production by 500,000 barrels a day starting August. Meanwhile, Saudi Arabia…