Oil above $96 on drop in US supplies
The price of oil rose to a record above $96 a barrel Thursday after a surprise drop in U.S. crude stockpiles raised concerns about supplies for coming winter demand. Other energy futures also gained.
Russian power sector investment could double soon
Investment in Russia`s power sector could double to 1 trillion rubles ($40.4 billion) by next July, when the sector`s reforms are set to end, the industry and energy minister said on Thursday.
Russian and Uzbek prime ministers to discuss bilateral economic cooperation today
Prime Minister Viktor Zubkov will arrive in Tashkent, the capital of Uzbekistan, later on Thursday for an official visit, a spokesman for the Russian government said.
Russia to raise oil export duties
Russia will raise oil export duties to a record $275.4 per ton from December 1, in keeping with world market trends, a senior Finance Ministry official said on Thursday.
Russia`s Gazprom Q3`07 net falls 25 pct vs Q2
Russia`s gas export monopoly Gazprom said on Thursday its net profit in the third quarter fell by 25 percent from the previous quarter to 55.47 billion roubles.
Urals price forecast is raised up to $67
Russia`s economics ministry has made an upward revision of its Urals price forecast for 2007 from $65.5 to $67 per barrel, a senior ministry official said Tuesday.
US stock futures dip, suggest lower open
U.S. stock futures fell Tuesday, indicating a lower start to the regular session, as the Federal Reserve prepares to start a two-day meeting on interest rates.
Russia`s Atomstroyexport to build 4 power units in India
Russia expects to sign an agreement with India to build another four power units for the Kudankulam nuclear power plant in November, Russia`s acting security council secretary said on Tuesday.
Russia is disagree with proposed UN budget
Russia has expressed opposition to a proposed increase in the UN`s budget for the next two years.
Stocks, oil, dollar pause as Fed meeting looms
Asian stocks and oil prices retreated from their peaks on Tuesday and the dollar halted its slide as investors held their fire ahead of a U.S. Federal Reserve policy meeting, where an interest rate cut is widely expected.
Russian oil export duty could rise to $272 per ton
Duty on Russian oil exports could rise by about $21.5 to reach $271.8 per metric ton as of December 1, in keeping with world market trends, a Finance Ministry official said on Monday.
Gazprom is interested in new projects in Venezuela
Russian gas giant Gazprom has submitted a request to Venezuela`s Energy and Oil Ministry to join the country`s three new gas projects, Deputy Prime Minister Alexander Zhukov said after the fourth session of the Russian-Venezuelan commission in Caracas.
PetroChina Shanghai IPO attracts record $440 billion
PetroChina, the country`s largest oil and gas producer, has attracted a record 3.3 trillion yuan (440 billion dollars) in orders for its Shanghai initial public offering, state media said Monday.
Dollar falls to new record low against euro
The dollar sank to a new record low against the euro in Asian trade Monday as market players grew increasingly confident about the prospect of another US interest rate cut this week, analysts said.
Oil price hits record high on Iran tensions, supply concerns
World oil prices surged to historic highs Friday, breaching 92 dollars for the first time in New York amid rising tension in crude-rich Iran and tightening US energy supplies.
$40 mln to be provided to curb food prices - Kudrin
The Russian government has offered an additional 1 billion rubles ($40 million) to subsidize borrowing rates for purchases of agricultural produce, a deputy prime minister said Friday.
Gold price strikes fresh 27-year peak
The price of gold rocketed Friday to the highest level since the start of 1980, as the precious metal won support from the weak dollar and record high crude oil prices, traders said.
Dollar at record low against euro
The dollar slumped to a record low against the euro on Friday after weak US economic data heightened expectations of a fresh cut to US interest rates next week, dealers said.
Russia pins hopes on new uranium deposit in East Siberia
A large uranium field will be developed in Yakutia in East Siberia, a first deputy prime minister said on Friday.
Russia to include the Arctic Lomonosov Ridge in Russia`s economic zone
Russia`s minister of natural resources said on Thursday that Russia has grounds to include the Arctic Lomonosov Ridge in the country`s economic zone.
Norway`s StatoilHydro to join Russia`s Shtokman gas project
Norway`s StatoilHydro will participate in developing Russia`s massive Shtokman gas field alongside Total of France, the Kremlin said Thursday.
China`s economy grows 11.5 percent in third quarter
China`s economy expanded at a blistering pace in the third quarter, the government said Thursday, even as it declared the immediate overheating risk had receded thanks to a series of control measures.
Russia`s bank plans two Eurobond issues
Russia`s second largest bank state-controlled VTB plans two Eurobond issues, a market source said on Thursday, as international capital markets re-open for Russia`s first-tier borrowers.
Russia-Venezuela business forum to hold in Caracas today
Russia-Venezuela business council meets here on Tuesday. The chiefs and top managers of the leading Russian fuel-and-energy companies, such as Gazprom, LUKOIL, Rosneft, TNK-BP, and Tatneft, will take part in the forum.
Russia to repay debts to World Bank ahead of schedule
Russia wants to redeem most of its debts to the World Bank ahead of schedule and plans no further borrowing from either the World Bank or the European Bank of Reconstruction and Development.