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World oil prices

Russia, Venezuela, Saudi Arabia, Qatar to hold meeting on oil in March

The four countries also plan to have a review meeting in July to discuss the impact of the oil output freeze

© AP Photo/Hasan Jamali

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Saudi Arabia and Russia are on the right track to stabilizing oil prices

MOSCOW, February 26. /TASS/. Russia, Saudi Arabia, Venezuela, and Qatar have made an arrangement for a meeting where they will scrutinize the prices of oil, Bloomberg said on Thursday quoting Venezuela’s Oil and Mining Minister Eulogio del Pino.

The four countries have not discussed the venue of the meeting so far, he told a Venezuelan TV channel. Along with it, the four countries also plan to have a review meeting in July where they will assess the impact of freezing of output levels on the price.

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Del Pino added it was impossible to supply crude to the international markets in previous amounts, as oil prices would collapse if the current situation was allowed to drag on.

Major oil exporting nations are currently holding talks on a possible freezing of crude oil output. In one of the most recent steps in this series, the oil ministers of Saudi Arabia, Qatar, and Venezuela - all the three countries being OPEC members - and Russian Energy Minister Alexander Novak met in the Qatari capital Doha on February 16 to discuss possible improvements in the situation regarding prices.

The conferees said their countries were prepared to keep the averaged output for 2016 at the level of January if other producers joined their initiative.

On February 17, Tehran hosted a conference of Iranian, Venezuelan, Iraqi, and Qatari oil ministers, who probed into the possibility of an output freeze. Iranian minister Bijan Zanganeh said upon the end of the talks his country would support any initiative aiming to push oil prices up.

Along with it, the Iranian side stressed on a number of occasions in the course of the talks it was set to regain the share of the world oil market it had lost while staying under international sanctions.

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Oil & Gas Oil price

Russia’s export duty on wheat to be $37.42 per metric ton from April 24

The floating duty on Russian grain exports is effective from June 2, 2021

Situation in Iran’s Isfahan stabilizes after drone attack — media

According to the news agency, all reports about fires or explosions have nothing to do with reality

Israel to not take responsibility for attack on Iran — newspaper

Israeli sources also said that they did not understand why the Pentagon had leaked information about Israel's involvement in the attack to the media

Ukraine convicts 12th world chess champion for recognizing Donetsk, Lugansk republics

The two other State Duma members mentioned in the verdict alongside Karpov are Viktor Kazakov and Georgy Karlov

Russia’s defense chief inspects production of tanks, flamethrowers at Siberian enterprise

Sergey Shoigu handed down an instruction for the defense enterprise to ramp up the production of T-80BVM tanks, the Defense Ministry said

Kiev continues to openly announce terrorist attacks on Russia — diplomat

Maria Zakharova also pointed to the fact that Ukraine's special services do not give up attempts to "massacre their former compatriots"

Hungary to not intervene in Ukrainian conflict on any side, PM says

Viktor Orban believes the first phase of the conflict, which included proposals on sending troops to Ukraine, is over

Tehran’s two major airports cancel international flights — Mehr

Imam Khomeini International Airport and Mehrabad International Airport suspended their operations until 10:30 a.m. local time

Israeli Air Force attacks airfield in southern Syria during strike on Iran

According to local sources, a radar station located at a military site along a highway connecting the towns of Qarfa and Izraa was disabled in the attack

EU plans to invest first profits from Russian assets in military aid to Kiev

"I think that the decision has been taken by the member-states - all 27 have agreed that we use the windfall profits following our proposal," Ursula von der Leyen said

Colombian president displays interest in country’s entry into BRICS

Brazilian leader Luiz Inacio Lula da Silva welcomed Gustavo Petro’s initiative, "being committed to promotion of Colombia’s candidacy"

Syrian ministry says Israeli jets struck air defense facilities in country’s south

Earlier, the media reported that one of the strikes hit Tha'lah Military Airbase, with several explosions going off there

Russia always prefers talks to fighting, wars, says Lavrov

The first Russian-Ukrainian negotiations after the launch of Moscow’s special military operation in Ukraine took place in Belarus in early March 2022 but the talks yielded no tangible results

Russia, Iran maintain contacts on nuclear security - deputy foreign minister

Sergey Ryabkov said that "very soon, Russia and Iran will have new additional opportunities to discuss the situation in the Middle East in general, as well as details of what is going on there at this point"

Effort to grant full UN membership to Palestine will continue — Russian mission

"The UN history has precedents when states were not admitted on their first try. The number of attempts is not limited," Nadezhda Sokolova said

Russia can join top three countries by lithium reserves — governor

Infrastructure is required to implement the investment project, both power transmission lines and the railroad, Andrey Chibis noted

Iran tells US about April 13 attack on Israel, it does not want escalation — top diplomat

Hossein Amir-Abdollahian added that prior to the attack, Tehran said that it would not target US military infrastructure in the Middle East "except in a situation where the United States wants to take military measures in support of Israel"

Romania tries to cancel Russian culture by banning films — diplomat

"The National Film Archive of Romania, for political reasons, broke the lease agreements for cinema halls with Russian embassy in Bucharest, which provided for the private screening of the Russian films "The Time of the First" and "The Challenge," Maria Zakharova said

Russian instructors help train over 10,000 Central African troops — CAR president

According to Faustin-Archange Touadera, since becoming the president, his actions have been guided by the need "to modernize the army and take into account new challenges"

North Korean leader arrives at public event in Aurus luxury car gifted by Putin

On April 10, the vehicle was also spotted when the North Korean leader visited Kim Jong Il Military and Political Academy

No plans for pauses in fighting if talks on Ukraine begin, Lavrov says

The Russian foreign minister emphasized that the situation on the ground had changed significantly

MiG-31I fighters receive air refueling system

Another source said MiG-31I differs from previous MiG-K option by "different engines, avionics and missiles"

Argentina’s NATO partnership bid to let US tighten its grip — expert

According to Andrey Pyatakov, the Argentinian authorities' decision is both a declarative step and evidence of the wish to close economic gaps by expanding military-technical cooperation

US blackmails other countries at United Nations — Russian mission

Dmitry Polyansky said "this shameful neocolonial tactics are fully exposed now in the context of Gaza War"

Shoigu orders additional tank protection sets for Ukraine operation

The minister also inspected the training process in Omsk Armor Engineering Institute

US gives nod to Israeli operation in Rafah in exchange for canceling major attack on Iran

According to the media outlet, "the US administration will support the plan for a military operation in Rafah put forward earlier," which provides for dividing the city into numbered sectors that will be mopped up one by one

Founder of neo-Nazi cell in Crimea flees to Georgia — source

According to the official, the investigation established that Mikhail Maurov planned to travel to Ukraine to join the ranks of a right-wing Ukrainian organization called the Freedom of Russia Legion

Iran suspends flights above several cities amid reports of air attack — IRNA

Fox News said the Jewish state delivered a limited strike on Iran

Russia ready for Ukraine talks, but not with Zelensky — Lavrov

The first negotiations between Russia and Ukraine after the start of the special military operation took place in early March 2022 in Belarus, but they did not bring tangible results

French president says creating Israeli-type air defense network for Ukraine impossible

Emmanuel Macron added that Europe’s resources are limited, and the European Union will continue helping Kiev keeping in mind its own reserves

West wants to make Transnistria hotbed of tension — Lavrov

According to the top Russian diplomat, the leaders who rule countries where they claim to be from while holding foreign passports "will not enjoy support and authority for long"

Putin sees increasing life expectancy as key policy goal for Russia

The Russian leader stressed that "it’s crucial to continue paying great attention to the prevention and treatment of diseases, particularly through the most advanced and cutting-edge methods"

Sounds in Isfahan due to air defense work to repel attacks by suspicious objects — general

According to Iranian media reports, three drones were downed by air defenses in the skies over the city of Isfahan

Putin signs law on holding World Friendship Games

Funding will be provided from the federal, regional and local budgets, as well as taxes from gambling transferred to the organizer

Military base near Iran’s Isfahan hit following attack — newspaper

The sources said that Iranian forces managed to destroy several small drones near the city of Tabriz, about 800 kilometers from Isfahan

West can’t comprehend Russia’s resilience — Lavrov

"They would have been scared had anyone come down on them with similar ferocity," the Russian foreign minister added

At least 16 Syrian troops killed in terrorists’ ambush in east Syria — TV

According to the Al Hadath television, a military bus was ambushed by members of the Islamic State terrorist group

UN Security Council vote exposes practically full isolation of US — Russia’s UN mission

Vasily Nebenzya described the US veto as a "fruitless attempt to stop the inexorable course of history"

US blocks Security Council resolution granting full UN membership to Palestine

A total of 12 countries, including Russia and China, voted in favor of the document

Russia knows French military instructors working in Ukraine — Lavrov

At the same time, the top Russian diplomat pointed out that "there is information that not only French mercenaries, but also instructors, maybe even together, but along with some other representatives of military and special services of European countries are working there [in Ukraine]"

Russia will not 'shake up' relations with Argentina due to its partnership with NATO — MFA

According to Sergey Ryabkov, Russia and Argentina maintain a good dialogue at various levels

Zelensky's formula should be put aside for Ukraine talks, Lavrov says

"One should clearly support the need to seek solutions that take into account the balance of security interests and ensure the indivisibility of security," the top Russian diplomat underlined

Yerevan's refusal to delimit borders with Baku to escalate regional tensions — PM

Nikol Pashinyan pointed out that the demarcation process also involves risks, but they are manageable, after which "Armenia will become ten times stronger"

West frightens voters by 'Russian threat' to win elections — Lavrov

The top Russian diplomat pointed out that the anti-Russian rhetoric of Western politicians in power intensifies as the elections approach

US 'not forgetting' to help itself with aid to Ukraine — Kremlin

"In any case, whatever the modality of providing this aid, de facto it is about provoking Ukraine into further hostilities down to the last Ukrainian, putting guarantted money in the pockets of the US," Dmitry Peskov said

Two pilots of jet that crashed in southern Russia hospitalized

The plane crashed in a field in the Krasnogvardeysky district of southern Russia’s Stavropol Region

Iran says drones downed over Isfahan launched from country's territory

"A failed attack with a few quadcopters that were shot down cannot be considered a real attack anywhere in the world," a spokesman for Iran’s Supreme Council of Cyberspace said

Kiev lacks both troops and equipment near Chasov Yar in DPR, says retired general

Military commanders of Ukrainian army brigades "lack both personnel and the required amount of equipment" while Russian troops enjoy a considerable superiority, especially in artillery, Sergey Krivonos noted

Nearly half of those present in UN Security Council hall walk out before Israel’s address

israeli Permanent Representative Gilad Erdan was to address the council after Palestinian envoy Riyad Mansour

Press review: Ukraine, Israel vie for EU’s attention and Georgia passes controversial bill

Top stories from the Russian press on Thursday, April 18th

Ukrainians abroad storming embassies to avoid mobilization, Russian diplomat says

On Tuesday, Ukrainian President Vladimir Zelensky signed the mobilization law passed by the Verkhovna Rada (parliament) in the second and final reading on April 11

US did not 'endorse' Israel’s retaliatory attack, but was warned about it — TV

According to Bloomberg, Israel informed the United States about its plans to strike Iran within the next 24-48 hours

CIA chief says Ukraine could lose by end of this year — Politico

William Burns said "there is a very real risk that the Ukrainians could at least put Putin in a position where he could essentially dictate the terms of a political settlement"

Ukraine’s military loses positions near Avdeyevka, says DPR

Igor Kimakovsky said that Ukrainian forces suffered heavy casualties among personnel and military hardware, including Western equipment

Senior Chinese official to take part in conference on security in Russia — diplomat

The conference will take place from April 23 to 25 in St. Petersburg

Germany fails to present evidence in case of espionage suspects — Russian embassy

The Russian embassy has called attempts to probe into the alleged involvement of Russian special services in the development of rumored plans for attacks on military facilities in Germany "absurd and ridiculous"

Major Western investor accuses Zelensky's office of extorting millions of euros

Arnulf Damerau said that he provided details of the meeting, along with evidence and a list of names of those involved, to US and European intelligence agencies

Iran threatens to attack Israel's "nuclear centers" in case of aggression on its part

Ahmad Haqtalab argued that Israel had been conducting "subversive and terrorist activities" against the Islamic republic's nuclear infrastructure for year

Switzerland does not suit Russia for negotiations on Ukraine — Lavrov

The Foreign Minister pointed to the fact that Switzerland is on board with all Western sanctions

Lavrov says Borrell let it slip that Europe ‘fighting against Russia’

Russia’s top diplomat noted that Josep Borrell may made the statement in a moment of weakness

Ukrainian trace obvious in Crocus City Hall attack — Russian prosecutor general

The law enforcement employees exert efforts to identify the instigators of this crime, Igor Krasnov said

Polish premier refuses to hand over his country’s Patriot systems to Ukraine

Donald Tusk said that German Chancellor’s call to send more air defense systems to Kiev had no relation to Poland, provided the country's geographical position near the frontline

Israel assesses effectiveness, consequences of strike on Iran — media

A spokesman for the Israel Defense Forces declined to comment on the reports of the strike

Ukrainian front may collapse this summer — newspaper

According to the newspaper’s assessments, Russia "has never been closer to its goals" in the special military operation zone

French, US, British nukes all interwoven — Russian diplomat

Maria Zakharova described France’s decision to place its aircraft carrier, the Charles de Gaulle, directly under NATO control as a symbolic move marking the end of "the era of an independent Paris in the international arena"

Moscow-based embassies of NATO countries helped anti-government groups, Lavrov says

The top Russian diplomat also spoke about the detention in Germany of two people suspected of spying for Russia

Ukrainian president admits Russian troops’ advancement

Vladimir Zelensky asked his country’s supporters to provide "everything that helps to hold the frontline," including shells, military vehicles and drones

EU border checkpoint closest to Russia’s St. Petersburg to cut its working hours

The changes were attributed to reconstruction works on the Russian side of the checkpoint Ivangorod

Russian forces destroy Ukrainian command post, two S-300 missile launchers over day

Russian forces improved their frontline positions and repelled a Ukrainian army counterattack in the Donetsk area where the enemy lost roughly 590 troops over the past day, the ministry reported

Vehicles, equipment participating in Victory Day parade depart for Moscow — ministry

The final rehearsal of the military parade will take place on May 5

Iran has no plans to immediately retaliate to attack on its soil — agency

"We have not received any external attack, and the discussion leans more towards infiltration than attack," a senior Iranian official reported

Pipeline explodes in Kharkov Region

The exact location of the damaged pipeline or the causes of the incident is not reported

Swiss parliament votes against joining task force on frozen Russian assets

The group contains US finance and justice ministers, representatives of Australia, the UK, Germany, Italy, Canada, France, Japan, as well as the European Commission

Iran intends to bolster military cooperation with Russia — envoy to Moscow

Kazem Jalali noted that Iran had demonstrated its ability to ensure security and nudge the region toward a de-escalation

Russia’s advanced radar in Kaliningrad to monitor entire territory of Europe — source

The first Konteiner radar went on combat duty in the Volga area region of Mordovia on December 1, 2019

Russian military closely monitors all Ukrainian 'novelties' — Kremlin on UAVs

Earlier, it was reported that Ukraine had developed a UAV with a range of up to 3,000 kilometers

Russian Aerospace Forces strike five militant hideouts in Syria’s Homs

Yury Popov said that aircraft of the so-called international anti-terrorism coalition, led by the United States, continue to set dangerous precedents in skies above Syria

Chinese analyst sees US veto on Palestine as reflection of arrogance, double standards

Wang Wen stated that it’s still very hard to achieve a settlement of the Israeli-Palestinian conflict

Chinese car plant to start production at former Mercedes site in Moscow region in May

Earlier it was reported that the German automobile concern Mercedes-Benz plans to sell its enterprise located in the Solnechnogorsk district of the Moscow region

Nord Stream AG's refusal to pay compensation destroys Western insurance system — diplomat

"The West is not only taking state assets and private property, but also threatening to destroy the major civilian infrastructure facilities, which were built with investments and then miraculously blown up, and they have now threatened insurance," Maria Zakharova said

Energy prices help US economy to develop better than Europe — IMF

It is reported that the US has benefited from more favorable conditions in terms of energy prices, something that has been quite a serious factor for Europe, not a positive factor for Europe

West, Kiev indulge in nuclear blackmail by demanding control of ZNPP — Russian MFA

"Without noticing it themselves, they spoke the language of an ultimatum," Spokeswoman Maria Zakharova underlined

Final statement by G7 top diplomats to call for supplying more air defenses to Kiev

Earlier, Ukrainian Foreign Minister said Kiev required US-made Patriot systems and Italian-French Samp-T theatre antimissile systems

Nuclear sites in Iran’s Isfahan province are safe — Tasnim agency

Tasnim refuted foreign media reports about an incident at a nuclear site in Isfahan

Kiev ordered mandatory evacuation from Kharkov Region to accommodate mercenaries

Evacuation campaigns are regularly organized by the Kiev government, under the pretext of security issues

Kremlin condemns 'illegal' seizure of villa from Russian businessman

Dmitry Peskov underscored that Moscow has already made its position clear on this matter

Russia won’t allow NATO to move closer in Ukraine — Lavrov

There is still no full clarity regarding the future of Ukraine's western regions, the Russian foreign minister went on to say

No foreign state attacks Iran — TV

Earlier, the media reported, citing a US official, that Israel had launched a missile strike on a site in Iranian territory

Agents in Ukrainian, Poland foil attempt to kill Zelensky, security officials in Kiev say

The agency said it and the Office of the Prosecutor General of Ukraine informed their Polish counterparts about the alleged assassination attempt

Lavrov views situation in Middle East as 'very bad'

According to the top Russian diplomat, the unresolved Palestinian problem fuels the issues that the Middle East is facing

Three Ukrainian soldiers swim across Dnieper to surrender to Russian troops — governor

Vladimir Saldo called on other Ukrainian servicemen to switch to the Russian side and request the corresponding assistance

Kremlin declines to comment on alleged assassination attempt on Zelensky in Poland

The Security Service of Ukraine announced earlier that in a joint operation with law enforcement agencies in Ukraine and Poland it thwarted an attempt to assassinate Ukrainian President Vladimir Zelensky

Press review: Biden backs aid to Israel, Ukraine and Russia assets giving West legal fits

Top stories from the Russian press on Friday, April 19th

One crew member of jet crashed in Stavropol Region killed, search for another continues

According to the Russian Defense Ministry, an Aerospace Forces’ Tu-22M3 bomber crashed after completing a combat mission while returning to the airfield

Crimea, Donbass to forever remain within Russia, Slovak PM tells national parliament

Robert Fico believes Moscow will win in its confrontation with Kiev

Ukraine turns from sovereign country into Western protectorate, Hungarian PM says

Viktor Orban noted that there should be a buffer zone between NATO and Russia and Ukraine could serve as one

Lavrov describes Georgia’s bill on foreign agents as 'mildest of all'

The top Russian diplomat stressed that the Georgian bill on foreign agents suggested only the need to declare funds, if the organization in question received more than 20% of its funding from abroad

Water in Kurgan above dam, breaking records

More than 100 employees of the Russian Ministry of Emergencies are fencing the shores and filling the least reliable dam segments

Hezbollah warns Israel it will fight back if attacks on Lebanon continue

The Lebanese Shiite organization "would not accept that the Israelis transgress the rules of engagement that are currently set in the south" of Lebanon

Iran done with retaliation, calls for efforts to stop Israel from reckless steps — MFA

According to the minister Hossein Amir-Abdollahian, in the event that Israel uses force against Tehran's interests, "the Islamic Republic of Iran will not hesitate to use its right to give an immediate and decisive response that will make them regret"

Security guarantees on Ukraine did not apply to Crimea, Donbass — Lavrov

The Russian Foreign Minister noted that "Ukrainian negotiators came and said that, for example, on the issue of maneuvers with the participation of third countries, let's replace the wording 'if all guarantor countries agree' with 'unless the majority agrees'"