Russia is the fourth-most affected country in the world with more than 750,000 COVID-19 cases.
Russia has always been the black sheep in the OPEC+ family as they tend to ever deviate from consensual commitment concerning the oil market.
Oil Is Back after Donald Trump tactfully negotiated one of the most important diplomatic deals with Saudi and Russia
Although the energy industry provides more than 10 million jobs with almost 8% of the country’s GDP, the US is less dependent on oil compared to...
OPEC and Russia have rescheduled a meeting set for Monday to discuss oil production cuts and ending a cruel oil price war.
OPEC and other oil-producing countries are working on a deal for an unmatched production cut equivalent to about 10% of global supply,
There might be hope for Nigeria and other producers in the oil market as Russia says it is still open to OPEC negotiation on oil production...
Minister of State for Petroleum, Timipre Sylva said the Organization of OPEC and non-OPEC countries would meet over production cut.
Brent crude, international oil benchmark, dropped to $46 per barrel, as Russia, bluntly refused to agree to a deeper crude production cuts plan.
The Russian Federation has disclosed plans to enhance bilateral co-operation between with Nigeria to develop the latter's energy sector.