According to an announcement issued by OPEC+ this Sunday, January 4, the oil alliance led by Saudi Arabia and Russia will maintain a stable crude oil supply at least until April.
The group of oil-producing countries announced the measure without indicating they will take any precautions regarding…
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Russia
Putin estimates GDP growth of 1 % by the end of 2025
Russian President Vladimir Putin's estimate for Gross Domestic Product growth by the end of 2025 is 1 %, compared to 4.1 % in 2024.
According to the Russian leader, the nation's inflation will remain stable, not exceeding 6 %, which is…
Russia extends gasoline export ban until end of year
The Russian government extended the ban on retailers exporting gasoline until the end of this year.
The measure was issued following recent Ukrainian drone attacks on several Russian refineries, which led to the extension of the ban to…
Russia to launch satellite system to compete with SpaceX’s Starlink
With the aim of offering high-speed internet to the population, Russia is working on a new satellite system that could compete with SpaceX's American Starlink.
According to recent information, Russia has already begun work on its own…
OPEC+ agreed to increase production to 137,000 barrels per day in October
Starting next October, the Organization of the Petroleum Exporting Countries (OPEC+) will increase production to 137,000 barrels per day, according to eight members at a virtual meeting last Sunday, September 7.
Thus, Saudi Arabia, Russia,…
Russia made first naphtha shipment to Vietnam
Russia began shipping naphtha to the Asian continent with the Malta-flagged tanker Northernlight, carrying a cargo of 60,000 metric tons of the product. It departed from the Russian port of Vysotsk on June 23 and unloaded 27,000 tons at the…
Macedonia to build gas pipeline with Greece to reduce dependence on Russia
The new gas pipeline connecting North Macedonia and Greece is expected to be completed in 2027, thus reducing their dependence on Russia in this area.
The gas pipeline, whose construction began last Wednesday, July 9, is estimated to offer…
Venezuela signs cybersecurity agreement with 11 nations
During the 79th session of the United Nations General Assembly, a cybersecurity agreement was announced between Venezuela, Russia, Cuba, Iran, North Korea, Nicaragua, Belarus, Burkina Faso, Egypt, Iraq, Kyrgyzstan, and Laos.
The signing of…
Russia supports Venezuela in its intention to join the BRICS
The Russian Federation and the Bolivarian Republic signed an agreement on strategic partnership and cooperation. In the document, published on the Kremlin website, Russia supports Venezuela in its intention to join the BRICS.
"Russia…
OPEC+ members agreed to increase production
The recent decision by eight OPEC+ members to maintain the increase in crude oil production in May led prices to extend their previous losses.
On Thursday, April 3, Russia, Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, Algeria,…
Putin sent delegates to Riyadh to negotiate with the US and Ukraine to end the war
This Tuesday will be the meeting scheduled by the Kremlin between the delegates of Russia and the United States in Riyadh, Saudi Arabia, to begin negotiations that will end the war with Ukraine.
The envoys of each country will discuss…
Russia bans cryptocurrency mining due to high energy consumption
The Russian government took the measure of banning cryptocurrency mining in 10 regions until March 2031 as a result of the high consumption of electricity that the activity entails.
“The ban, which includes participation in a mining pool…