RUSSIA & SAUDI COOPERATION
Russia and Saudi Arabia will set up a special joint working group on oil and gas cooperation to promote energy dialogue between the world's top oil producers, Russian Energy Minister Alexander Novak said on Thursday.
OPEC made a historic policy shift late last year, led by Saudi Arabia and backed by its Gulf allies, and refused to cut production to prop up sliding prices in order to defend market share. The group confirmed the strategy at a meeting in June.
Russia, which is not a member of OPEC and depends heavily on oil revenues for its budget, has so far resisted making cuts to production, in part because…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.
|April, 17, 11:45:00|
|April, 17, 11:35:00|
|April, 17, 11:25:00|
|April, 17, 11:22:00|
|April, 17, 11:20:00|
|April, 17, 11:15:00|
Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,
Alexey Likhachev reminded the audience that the Forum motto is “Nuclear for better life”. Each sphere of human activity is affected by the achievements of nuclear industry. “Peaceful atom is associated with all aims and goals of UN sustainable development program. This Forum will become a space for discussing newest technologies that will lay the basis for the future of our planet”, Mr Likhachev emphasized.
The investment incentives provided by Dubai government and the business opportunities up for grabs on the horizon were the crux of a meeting officials of the Dubai Land Department, DLD, had with a Russian delegation who participated in the recently concluded Annual Investment Meeting 2019.
U.S. FRB - Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate.