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World oil prices

OPEC increases forecast for 2016 oil production in Russia

OPEC May oil market report says OPEC increased its forecast for oil production in Russia in 2016 by 120,000 barrels per day and now expects oil supply in 2016 grow by 100,000 barrels per day

© Egor Aleev/TASS

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OPEC revises its forecast of 2016 world oil demand growth downwards by 50,000 barrels/day

VIENNA, May 13. /TASS/. OPEC increased its forecast for oil production in Russia in 2016 by 120,000 barrels per day and now expects oil supply in 2016 grow by 100,000 barrels per day to 10.94 mln barrels per day, according to OPEC May oil market report published on Friday.

"According to the latest review of the most prolific fields in Russia and supported by the remarkable growth seen in the first three months of the year, averaging 11.1 mln barrels per day in the Q1 of 2016, higher production by 210,000 barrels per day over the Q4 2015 is indicated," the report said.

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Russian stock indices rising on Friday

The MOEX Russia Index edged up by 0.44%, the RTS Index surged by 1.13%

Hungarians in western Ukraine should get their rights back, Budapest says

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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

Global economy’s condition improving — Russian Deputy PM

The process is largely driven by increasing contribution of developing countries, Alexey Overchuk said

Russia's revenues from oil exports remain high despite price ceiling — IMF

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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

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

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Putin signs law on holding World Friendship Games

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

Death toll in Gaza Strip since tensions escalated exceeds 34,000 — Health Ministry

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Israeli aviation strikes towns in Gaza Strip

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Russia has significant amount of West’s funds in case of confiscation of its assets

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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"

Russian investigators start inquiry into financing of terrorism by US, NATO officials

Investigators have established that the funds that were received through commercial organizations, such as the oil and gas company Burisma Holdings operating in Ukraine, have been used to carry out terrorist acts in Russia and abroad

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

West can’t comprehend Russia’s resilience — Lavrov

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Izvestia correspondent Semyon Eremin killed in special operation zone

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Two pilots of jet that crashed in southern Russia hospitalized

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About 30 events in 26 countries to be held as part of Russian Film Festival — minister

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NATO discussing transfer of ‘deep precision strike capabilities’ to Ukraine — Stoltenberg

Stoltenberg said NATO believes Ukraine has the right to strike "legitimate military targets" inside Russia

FACTBOX: Collective Security Treaty Organization

The Collective Security Treaty came into force on April 20, 1994 to herald the emergence what would eventually become the Collective Security Treaty Organization. The six member-countries are Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan

Proposals on Russian assets confiscation undermine financial system — Finance Minister

Russia urges the International Monetary Fund to resume the effort of improving the global monetary and financial system, Anton Siluanov noted

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

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

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

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Moscow International Film Festival kicks off

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"This military whirlpool can drag Europe to the bottom. Brussels is playing with fire and angering God," the Hungarian prime minister said

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Ukrainian drone damages energy infrastructure in Russia’s Kaluga Region

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BRICS’ expansion makes it much stronger — senior Russian diplomat

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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

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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

Blast rocks military base south of Baghdad — Reuters

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Drones downed over Isfahan cause no damage, says Iranian foreign minister

It is reported that several drones had been intercepted by the national air defense forces over Isfahan

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

US volunteer Russel Bentley missing in Donetsk killed — RT editor-in-chief

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Ukraine’s new ethnic minorities law insufficient to protect Magyars — Hungarian president

According to Katalin Novak, Hungary’s call for the rights of the Hungarian minority in Transcarpathia to be respected should be viewed as a common European demand

Unidentified man attempts suicide outside courthouse where Trump trial is underway

The man set himself on fire

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

Court arrests another man accused of blowing up car of former SBU officer in Moscow

Ivan Paskar is charged with illegally transporting explosive substances, but he does not recognize his guilt

Russian economy proves resilience amid large-scale sanctions — IMF

The IMF states that the restrictions led to the need to rebuild the economy

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

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

G7 leaders to decide on Russian assets use — Italian Deputy PM

Recommendations on opportunities of using frozen Russian assets in interests of Ukraine will be presented before the G7 summit in June 2024

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

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

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

US House passes procedural vote on Ukraine aid bill

It cannot be ruled out that the House of Representatives may pass this package as early as Saturday

S-500 system to be supplied to Armed Forces after 2015

Victor Gumenny said the advanced systems may solve the tasks of air-space defence and may fight hypersonic weapons

Armenia has to define CSTO’s zone of responsibility on its territory, says Lavrov

On March 12, Armenian Prime Minister Nikol Pashinyan stated that Yerevan asked its CSTO partners to answer where the CSTO's zone of responsibility in the republic was

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

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

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