Moscow wants to see international reaction at Russian Embassy shelling in DamascusRussian Politics & Diplomacy October 29, 1:43
SCO stands for coordination of efforts in fight against terrorist threatWorld October 29, 0:42
Economic growth to recover in Russia by 2016 year-end — ministryBusiness & Economy October 28, 21:59
Russia does not plan to ratify Paris Agreement on climate earlier than 2020 — ministerRussian Politics & Diplomacy October 28, 21:48
Russian Foreign Ministry: Pictures of attacked school in Idlib are 'computer graphics'World October 28, 21:21
Kissinger becomes Russian Academy of Sciences memberWorld October 28, 21:12
Kremlin gives no comment on reports that Russian, US jets flew dangerously close in SyriaRussian Politics & Diplomacy October 28, 20:13
Two of four Soyuz crews to fly to ISS in 2017 will be smaller than usualScience & Space October 28, 20:05
Foreign Ministry: Two mortar shells fired on Russian embassy in SyriaRussian Politics & Diplomacy October 28, 19:52
The crude oil futures for delivery in January traded at $76.49 per barrel as of 09:45 a.m. Moscow time (0645 GMT). On Wednesday, the price of Brent crude was $78.76 per barrel.
The oil prices plunge on speculation that OPEC, which is scheduled to hold a meeting in Vienna on Thursday, will not cut production.The world oil price has declined by nearly 30% over the past six months. The market players suppose that if OPEC countries fail to agree on measures to considerably reduce oil production the oil price may drop to $60 a barrel.
The OPEC member states last time reduced oil production quotas in 2008 when the oil price fell from $140 to $32 a barrel. Some cartel members such as Iran, Iraq, Nigeria, Venezuela and Ecuador are for the quota reduction as soon as possible, and the United Arab Emirates (UAE) and Kuwait are against, while the stance of the most influential OPEC member Saudi Arabia is still unclear.