Saudi Arabia gets physical with Russia in underground oil bout

posted in: Middle East, News

MOSCOW (Reuters) – Behind a Saudi-Russian truce to stabilize oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market. It is here, rather than in the world of … Read More

China, Russia see huge potential for trade cooperation despite pandemic

posted in: News, Russia

Bilateral economic and trade cooperation between China and Russia remains sound in the long term, despite the pneumonia outbreak temporarily affecting certain industries. A staff member walks past pipelines in a section of the China-Russia east-route natural gas pipeline in … Read More

Putin’s Oil Price Gambit Has Run Out of Road

BC-Putin’s-Oil-Price-Gambit-Has-Run-Out-of-Road , Clara Ferreira Marques (Bloomberg Opinion) — In the eyes of Moscow hardliners, the shale boom that turned the U.S. into a leading oil exporter has also encouraged Washington’s belligerence. Back in early March, low prices were a welcome … Read More

Saudi-Russia oil price war: Will it script the end of Opec?

Saad Abdulla al-Kuwari As is customary, Opec is supposed to reach its 60th year this year, and perhaps it will not celebrate this event as expected, this year. The reason is Saudi Arabia’s decision to reduce and discount the price … Read More

Russia: Gulf nations, not us, to blame for oil prices fall -TASS

posted in: News, Russia

MOSCOW (Reuters) – Russia never sought a sharp oil price fall or an end to cooperation with the Organization of Petroleum Exporting Countries (OPEC), and the Gulf nations are to blame for the crisis on the global oil markets, a … Read More

Russian Army sending hard-hit Italy coronavirus aid after Putin phone call–Second News Story

posted in: News, Russia

Russia, which has reported few confirmed cases of the disease compared to European countries, is readying its healthcare system for a possible spike in patient numbers. Kirill Zykov / Moskva News Agency Russia plans to build new isolation units for patients … Read More

Russian Army sending hard-hit Italy coronavirus aid after Putin phone call

Russian President Vladimir Putin has ordered his nation’s army to deliver medical aid to Italy – the new epicenter of the coronavirus pandemic – after offering help during a Saturday phone call with Italian Prime Minister Giuseppe Conte. Preparations for the aid mission were underway Sunday at … Read More

Weekly Update by Mark Armstrong – 20 March 2020

posted in: News, Weekly Update

Greetings from Tyler, Did you hear about the elderly man in Italy who was in isolation with his wife for fourteen days?  He died.  She strangled him.  (That’s a joke, maybe a bad one.) Or is laughing outlawed too?  Never … Read More

Putin approves changes allowing him to stay in power until 2036

posted in: News, Russia

Russian President Vladimir Putin delivers a speech during a session of the lower house of parliament in Moscow on Tuesday to consider constitutional changes. Photo: Sputnik via Reuters Russian President Vladimir Putin on Tuesday opened the door to constitutional changes … Read More

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