Russian senior MP calls on EU politicians not to hide heads in sand in Syrian settlementRussian Politics & Diplomacy March 26, 18:09
Three Russian fans stabbed after football match in BelgradeSport March 26, 3:28
Russia ready to take part in restoring oil production in Syria - energy ministerBusiness & Economy March 26, 3:27
Moscow disappointed over new US sanctions against Russian companies - Foreign MinistryRussian Politics & Diplomacy March 26, 1:28
US sanctions 8 Russian companies over non-proliferation lawWorld March 25, 21:53
Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
Russia cuts oil production by 185,000 barrels per day as of today — energy ministerBusiness & Economy March 25, 18:30
OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
LONDON, September 9. /TASS/. The cost of the futures contracts for October delivery of Brent crude oil on London's ICE trading increased by 1% to $50.02 per barrel.
Against this background, the ruble strengthened against the dollar and the euro. Thus, the dollar declined by 66 kopecks to 67.33 rubles against the ruble, the euro declined by 90 kopecks to 75.3 rubles on the Moscow Stock Exchange at the opening of trading Wednesday.
Oil production in Russia in 2015 could rise by 1%, Russian Energy Minister Alexander Novak told journalists Wednesday.
"This year we expect to see oil production at the last year’s level, maybe with a slight growth of 1%," Novak said.
The Minister added that all oil companies are stable. "Today, of course taking into account all the challenges that the industry faced last year, it is in a difficult position. Nevertheless, our companies are stable through conducting efficient policy on reducing costs and ineffective costs, on improving productivity," he added.
Earlier Rosneft CEO Igor Sechin at the FT Commodities conference that oil production in Russia could reach up to 700 mln tonnes in the foreseeable future. Novak did not comment on the statement.
The Russian Ministry of Economic Development increased the estimate of oil production in Russia in 2015 to 530.5 mln tonnes.
Oil production in Russia by the end of 2014 amounted to 526.7 mln tonnes.