Tehran, Iran – “The financial channel between Iran and the world is being restored,” the new governor of Iran’s central bank, Mohammadreza Farzin, said last week when he announced that Iran and Russia have taken […]
BP Plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by Russia’s invasion of Ukraine boosted prices and delivered record profits. While the British company said […]
The current Brent oil price is just about the level at which Saudi Arabia breaks even from a fiscal perspective and it is way lower than Russia’s fiscal breakeven oil price. It is certain that […]
United Nations Secretary General Antonio Guterres has warned the world that it may be heading towards a “wider war” as the risk of a further escalation of the Russia-Ukraine conflict rises. In a speech to […]
Iraq’s Foreign Minister Fuad Hussein speaks during a joint statement with Russia’s Foreign Minister Sergei Lavrov, in Baghdad, Iraq February 6, 2023. REUTERS/Ahmed Saad BAGHDAD, Feb 6 (Reuters) – Iraq will discuss with Washington this […]
Official figures from the Russian Finance Ministry on Monday show a 35% decline in fiscal budget revenues in January, compared to the same period last year, reporting a ~$24-billion budget deficit for January. The budget […]
By Michael Kern of OilPrice.com, Russia’s budget revenues from oil and gas plunged in January by 46% compared to the same month last year due to the sanctions on Russian oil exports, which led to […]
Indian refiners are now using Emirati dirhams instead of US dollars to pay for most of the Russian oil they purchase via traders based in the United Arab Emirates, Reuters reported last week, citing sources […]
Europe has imposed a ban on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin’s fossil fuel earnings as punishment for invading Ukraine. Sunday’s […]
WASHINGTON, Feb 3 (Reuters) – The Group of Seven rich nations, the European Union and Australia have set price caps for Russian diesel and other refined petroleum products to keep markets supplied while limiting Moscow’s […]
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