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2017-11-14 17:40:00

RUSSIA'S GDP UP 1.8%

RUSSIA'S GDP UP 1.8%

REUTERS - That was slower than in the second quarter, when the economy grew 2.5 percent, its best annual rate since the third quarter of 2012.

"The year-on-year growth rate was depressed by the fact that there was one fewer working day in Q3 this year than in Q3 2016 – something Rosstat doesn't adjust for," research firm Capital Economics said in a note.

The 1.8 percent expansion in gross domestic product is a preliminary reading and could be revised later this year when the Federal Statistics Service, or Rosstat, provides a detailed breakdown of economic growth factors.

Following the data release, Capital Economics said it was lowering its growth forecast for 2017 to 1.8 percent from a previously expected 2.3 percent.

The Russian economy is recovering from a full-blown crisis caused by a massive drop in prices for oil, its key export, and by economic sanctions imposed by the West over Moscow's role in the Ukraine crisis.

Analysts polled by Reuters in late October had on average expected 2017 GDP growth of 1.8 percent after two consecutive years of contraction.

Officials are more upbeat on Russia's economic prospects, saying GDP could expand by more than 2 percent in the whole of 2017.

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Earlier:

RUSSIA - SAUDIS: VAST OPPORTUNITIES
2017, October, 9, 21:45:00

RUSSIA - SAUDIS: VAST OPPORTUNITIES

Nasser said vast opportunities for collaboration between companies from Saudi Arabia and Russia are created by both the Kingdom’s existing economic pillars and the development and diversification envisaged by Saudi Vision 2030.

 

 RUSSIA INFLUENCES U.S.
2017, September, 29, 12:20:00

RUSSIA INFLUENCES U.S.

“In light of Facebook’s disclosure of over $100,000 in social media advertising associated with Russian accounts focused on the disruption and influence of US politics through social media, it is likely that Russia undertook a similar effort using social media to influence the US energy market,”

 

 RUSSIA - CHINA INVESTMENT
2017, September, 25, 13:15:00

RUSSIA - CHINA INVESTMENT

So the $9.1bn stumped up by CEFC China Energy this month for a 14.16 per cent stake in Russian oil producer Rosneft was a welcome surprise for those keen for China to become a big investor in Russia.

 

 RUSSIAN GAS FOR EUROPE: UP TO 23%
2017, September, 4, 12:30:00

RUSSIAN GAS FOR EUROPE: UP TO 23%

Russian natural gas volumes piped via Ukraine to European consumers are up by 23.4 percent so far this year at 61.9 billion cubic metres (bcm), Ukrainian gas transport monopoly Ukrtransgaz said.

 

 SANCTIONS FOREVER
2017, August, 3, 12:35:00

SANCTIONS FOREVER

“It represents the will of the American people to see Russia take steps to improve relations with the United States. We hope there will be cooperation between our two countries on major global issues so that these sanctions will no longer be necessary.”

 

 RUSSIA'S INVESTMENT POTENTIAL
2017, July, 12, 14:15:00

RUSSIA'S INVESTMENT POTENTIAL

"Russia is among the leading energy countries today. We see colossal unrealized potential for cooperation, for investment -- we will continue working on implementing it with all the interested parties," Novak said.

 

 RUSSIAN STRUCTURAL REFORMS
2017, May, 22, 16:45:00

RUSSIAN STRUCTURAL REFORMS

IMF - advancing decisively on the structural reform agenda to improve growth potential and rebalance growth towards non-commodity sectors.

Tags: RUSSIA, GDP
RUSSIA'S GDP UP 1.8% September, 21, 11:00:00

OIL PRICE: NEAR $79 STILL

RUSSIA'S GDP UP 1.8% September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

RUSSIA'S GDP UP 1.8% September, 21, 10:45:00

UNEXPECTED OIL PRICES

RUSSIA'S GDP UP 1.8% September, 21, 10:40:00

OIL MARKET UNCERTAINTY

RUSSIA'S GDP UP 1.8% September, 21, 10:35:00

OPEC-NON-OPEC DECISIONS

RUSSIA'S GDP UP 1.8% September, 21, 10:30:00

U.S. CAPITAL EXPENDITURES UP

All Publications »

Chronicle:

RUSSIA'S GDP UP 1.8%
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

RUSSIA'S GDP UP 1.8%
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

RUSSIA'S GDP UP 1.8%
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

RUSSIA'S GDP UP 1.8%
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

All Publications »