{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Lukoil: OPEC is beginning to transform and revive after meeting in Vienna

According to the head of the Russian oil major oil prices drop reached the bottom and there is no need of restarting oil production freeze talks

ST.PETERSBURG, June 16. /TASS/. OPEC is transforming and reviving after the June meeting in Vienna, head of Russian oil major Lukoil Vagit Alekperov said speaking at the session "New realities of global market of hydrocarbons" at the St. Petersburg International Economic Forum.

Read also

"Today, we feel that after the last session, which was held in Vienna, OPEC is beginning to transform and revive again. We were disappointed by previous meetings, but at this meeting the members-countries reaffirmed their intention to maintain it (the organization). In a medium and long period of time OPEC will form the vision of the investors on the price that will be on the crude oil market," Alekperov said.

Oil prices collapse bottom passed

According to the top manager oil prices drop reached the bottom and there is no need of restarting oil production freeze talks.

"The critical situation ended, we passed the bottom of collapse; I think oil prices will not be lower than $30 anymore," Alekperov said.

Processes are currently underway making possible to receive the fair oil price, he said earlier today in an interview with RBC TV Channel. The fair price is somewhat about $60 [per barrel], Alekperov said.

Tags

Oil & Gas Oil price OPEC SPIEF 2016

Gas withdrawal from UGS facilities in Europe record in November amid cold spell

Gas withdrawal from UGS facilities in EU countries amounted to 471 mln cubic meters on November 23, according to GIE

NATO spies study damage from Oreshnik at Yuzhmash — expert

Alexander Stepanov emphasized that both Kiev and its Western allies are closely scrutinizing the consequences of the strike on the plant

Europe resumes talks of troop deployment to Ukraine — newspaper

According to the sources, this is driven by the fact that Washington may scale back support for Ukraine after Donald Trump returns to office as US president on January 20, 2025

Any escalation scenario possible in Ukraine conflict — Medvedev

According to the politician, Western nations need to understand that they are fighting on Ukraine’s side

Houthis say they attacked Israeli military base with hypersonic missile

The Israel Defense Forces said on Thursday evening that it had intercepted a missile launched from Yemen before it entered the Israeli airspace

No existing missile defense system can counter Oreshnik — US expert

Theodore Postol also vehemently rejected suggestions that the Oreshnik system represents previous outdated developments of Moscow

Kremlin accuses Biden’s team of trying to thwart Trump’s efforts for settlement in Ukraine

According to the Kremlin spokesman, the Biden administration continues escalation because it is a "party of war" that sees Ukraine as a tool to fight Russia

Most of Russian weapons manufactured inside Russia — Medvedev

Kiev has ‘no chance’ of retaking lost territories — Blackwater founder

Erik Prince noted that it was necessary to end the Ukrainian conflict as soon as possible

Russia’s updated nuclear doctrine is a signal to the West, Kremlin confirms

Dmitry Peskov also noted that the outgoing US administration is taking increasingly reckless steps, increasing tensions around the Ukrainian conflict

Russia’s steel production plunged in October — WSA

China produced 81.9 mln metric tons in October, up 2.9% on an annualized basis

FACTBOX: What is known about Russian flight incident at Antalya Airport

A Russian Sukhoi Superjet 100 operated by the Azimuth airline caught fire as the plane landed at Antalya Airport on Sunday, TASS has compiled the key facts about the situation

Russia’s Medvedev warns Europe could face ‘catastrophic damage’ from Oreshnik missile

Medvedev also commented on Vladimir Zelensky’s "resilience plan."

Zelensky begs ‘for his country to be flattened’ — US journalist

"Ukraine should be forever grateful that President Putin is calm, rational and kind - because Zelensky is practically begging for his country to be flattened," American political commentator Jackson Hinkle said

Gazprombank’s UnionPay cards no longer serviced in several countries

Kremlin spokesman says missiles like Oreshnik are developed in secrecy

Dmitry Peskov said that he himself did not know about this work before Russian President Vladimir Putin announced it

Russia’s Oreshnik has no analogues worldwide — Putin

"We know what kind of developments are being carried out there, but this will happen tomorrow or in a year or two, but we have such a system already today," the president said

Kremlin clarifies notification process for Oreshnik missile launch

"An automated warning was sent 30 minutes before the launch," Dmitry Peskov said

Gas supply by Gazprom for Europe through Ukraine totals 42 mcm via Sudzha

The volume of supplies remains the same, despite the failure of Austrian company OMV to pay for Russian gas supplies

Russia to toughly respond to Japan’s steps against it — Deputy Foreign Minister

According to Andrey Rudenko, Tokyo has no intention to change anything to the positive side

Putin congratulates Serbian film director Kusturica with seventieth birthday

Counsellor of the Russian Embassy in Serbia Natalia Klischenkova read the text of the telegram to Kusturica

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

German politician slams Ukraine’s ‘irresponsible’ strike on Russia with UK-made missiles

"A diplomatic search for balance and mutual understanding should be the goal, instead of further escalation," Alice Weidel said

Kremlin spokesman says EU will look back on its foreign policy under Borrell with shame

According to Peskov, the EU is far from taking an independent, sober view of what is happening

Moscow not ruling out Trump’s meeting with North Korean leader

The restart of the negotiating process between the United States and North Korea "on previous conditions appears problematic", Deputy Foreign Minister Andrey Rudenko said

Pilot killed in cargo plane crash near Lithuanian capital

According to preliminary reports, there were two pilots and two DHL employees aboard the plane en route from the German city of Leipzig

Russian forces eliminate Ukrainian MiG-29 on ground

Additionally, Russian units eliminated one munitions depot

Ukraine was warned about possible missile strike — Pentagon

Department of Defense Deputy Press Secretary Sabrina Singh gave no answer to the question of how could Ukraine prepare for this kind of attack

Developments in Russia’s Kursk Region: Counselling for residents, enemy’s losses

Doctors, including psychologists, are working with the Kursk Region residents that returned from Ukraine

Russian armed forces defeat Ukrainian assault Battalion Shkval in DPR

Kiev forces lost over 440 troops in battlegroup group West responsibility zone

Georgian presidential elections should be held in 2024 — parliament speaker

Shalva Papuashvili also noted that the parliament will determine the exact date of the election on Tuesday

T-90M tank shows itself as best in the world in real fight — Medvedev

Many experts believe this is the best tank of our time, compared to Western counterparts in particular, Deputy Chairman of the Security Council said

Ukrainian army admits loss of 40% of territories it controlled in Kursk Region — agency

"At most, we controlled about 1,376 square kilometers, now of course this territory is smaller," the source said

Russians liberate about 8 square kilometers east of Velikaya Novosyolka in Donbass region

Earlier, Rogov said Russian forces had pushed toward that locality from Novodonetskoye in the southeast and Yasnaya Polyana in the northeast

Russia to export up to 60 mln metric tons of grain this season, senior official forecasts

According to Dmitry Patrushev, Russian farmers faced challenging weather this year

Kremlin explains why Oreshnik missile came as surprise

"I am sure that neither of us is even aware right now of any new future developments.", Peskov said

France only finishes off Ukraine by allowing it to strike inside Russia — diplomat

Zakharova said earlier that no attempts by "French warmongers" would change the outcome of the conflict

Press review: Russia to mass-produce Oreshnik missiles and EU gas prices reach record high

Top stories from the Russian press on Monday, November 25th

Western air defense systems unlikely to intercept Russian missiles — France’s Le Monde

According to the French military source, Russia's recent use of the Oreshnik intermediate-range ballistic missile should be taken in the context of possible negotiations regarding the ongoing Ukrainian conflict

Cooperation with Russia will play important role in upgrade of Indian armed forces — MFA

Answering a question about the supply of Russian S-400 anti-aircraft missile systems to India, Andrey Rudenko stressed that Moscow "strictly fulfills its contractual obligations"

NATO pours with weapons prohibited by INF Treaty to Asia — Russian Foreign Ministry

"This vector highlighted as early as by the Republicans was legally formalized under the Democrats administration and resulted in the dramatic surge of militarization in Asia," Andrey Rudenko said

Abkhazia did not reach point of no return, ex-president says

Aslan Bzhania believes that the recent developments in the republic have inflicted reputational damage on it

Cargo planes crashes near Vilnius Airport in Lithuania

One of the pilots reportedly survived the crash, while no information is currently available about the other people on board

Russia’s Sukhoi jet catches fire while landing in Turkey

According to HaberGlobal television, all 79 passengers on board were evacuated

West irrational, fails to understand it cannot intercept Russia's new missiles — Kneissl

The former Austrian foreign minister stressed that she "counted on rational Western decision-makers, but irrationality is unfortunately on the rise among them"

Conflict in Ukraine no longer regional war — German defense minister

Russian President Vladimir Putin said on November 21 that strikes on Russian territory with Western long-range missiles had made the conflict in Ukraine a global one

FACTBOX: Cargo aircraft crashes into apartment building in Vilnius, Lithuania

Twelve local residents have been evacuated from the scene

Putin, Turkish president hold phone talks — Kremlin

The leaders also discussed some international issues

Russia will respond ‘in every way’ to Seoul’s arms supply to Kiev — MFA

Deputy Foreign Minister of the Russian Federation Andrey Rudenko called on South Korean to soberly assess the situation and refrain from "reckless steps"

Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

German activists demand compensation from Ukraine for Nord Stream explosion

The statement’s authors stressed that blowing up the Nord Stream pipelines was not aimed at Russia alone but "above all, was directed against Germany, its interests, and economy"

Russian troops mopping up enemy positions in Yelizavetovka in Donbass region — politician

On November 20, Russia’s Defense Ministry reported the liberation of Ilyinka in the DPR

Zelensky to have no input if Russia, US negotiate, ex-Prime Minister says

Previously, Elon Musk said on the X social platform, commenting on Zelensky’s supposition that the United States cannot force Ukraine to "sit and listen" at the negotiating table because Ukraine is an independent country, that Zelensky has an "amazing sense of humor"

UK mercenary taken prisoner in Russia’s Kursk area — source

"A mercenary from Britain has been taken prisoner in the Kursk area," the person said

Kiev forces lost over 260 troops in Kursk direction in 24 hours — Russian Defense Ministry

During the fighting in the Kursk direction, the enemy lost more than 35,310 servicemen

Russia acted responsibly in warning US about Oreshnik missile launch, Kremlin says

The US was notified automatically 30 minutes before the launch by Russia's Nuclear Risk Reduction Center

Ukrainian defense line in Donbass may soon collapse — expert

"Those are very important logistical hubs and defence outposts for the Ukrainian armed forces, and losing them will give Russia the advantage to move forward to cities like Kramatorsk and Slovyansk," Marina Miron emphasized

Romanian presidential candidate vows to end military aid to Ukraine

It is pointed out that Simion’s popularity has propelled him to number two in the polls after Prime Minister Marcel Ciolacu

US, European officials suggest returning nukes to Ukraine — NYT

US officials believe that ramping up weapons supplies to Ukraine is unlikely to change the situation in the combat zone short term, but it may help Kiev strengthen its stance in case a truce is reached

Oreshnik missile to change course of Ukrainian conflict, Medvedev believes

Russian Security Council Deputy Chairman Dmitry Medvedev said it in an interview

Europe unable to wage war attrition on Russia — Ukraine’s ex-commander-in-chief

According to Zaluzhny, European countries lack munitions to shoot down air bombs

Ukraine sustains almost 65,000 casualties from Russia’s Battlegroup North since May

Also, since mid-May, the Ukrainians have sustained at least 2,500 casualties per week from the Battlegroup West which has been active in areas adjacent to the area of the Battlegroup North’s responsibility

Russian, North Korean ministers of sport agree on exchanges in 2025 — KCNA

The Russian delegation has toured sports facilities and memorials in Pyongyang and viewed a Taekwondo demonstration

Zelensky shook up by Russia’s response to permission to attack it — Lavrov

According to the Russian foreign minister, the West is directly involved in the use of long-range weapons against Russia, as not a single missile could be launched without its involvement

Kremlin sees US-led West ready to do anything to suppress Russia

The situation is "unprecedented," the spokesman told the reporter from the All-Russian State Television and Radio Broadcasting Company

US, West have no capabilities to intercept new Russian hypersonic missile — expert

"There is more in the Russian arsenal than many believe," said Karin Kneissl, the former Foreign Minister of Austria

British mercenary claims he was sent to Russia’s Kursk Region against his will

The captive explained that he had served as a private in a battalion for four months

Europe's 'hotheads' for sending troops to Ukraine, but there is no unity — Kremlin

"Earlier, of course, such ideas were heard from different European capitals, but various counterarguments were also voiced not in favor of this idea," Dmitry Peskov noted

Senior envoy sees Putin’s statement as signal of Russia’s readiness for military responses

Sergey Ryabkov stressed that Russia has its underlying security interests "that will be ensured by every means that we have at our disposal"

Russian military to warn Ukrainian civilians of future Oreshnik attacks — Kremlin

Earlier, the Russian Armed Forces carried out a precision strike on Ukraine’s Yuzhmash defense industry facility in retaliation for the use of US-and UK-made weapons for strikes on Russia

Oreshnik can reach targets across entire Europe — missile troops commander

"Based on the tasks and the range of this weapon, it can hit targets across entire Europe, which sets it apart from other high-precision long-range weapons," Sergey Karakayev said

Comprehensive partnership agreement between Russia, Iran to cover defense sphere

The agreement on comprehensive strategic partnership is called to become the most important stage in development of bilateral relations

NATO enters conflict, Russia has every right to attack its targets now — expert

Col. (Ret.) Lawrence Wilkerson confirmed to TASS that the launch of ATACMS missiles would be impossible without "US/NATO satellite feeds and/or personnel"

Diplomat mocks US Senator for talking about invading Netherlands

Maria Zakharova quoted the US Senator, who called the ICC a "Kangaroo court" and ICC Prosecutor Karim Khan a "deranged fanatic"

Ex-German Chancellor considers dialog with Russia necessary to settle conflict in Ukraine

Angela Merkel advised politicians "to be authentic" when building up relations with US President-elect dondald Trump

Zelensky’s actions make Ukraine vulnerable to coup, says politician

"Democratic institutions in the country have been destroyed, rendering dialogue between the government and the people impossible," Viktor Medvedchuk said

Cyprus submits NATO accession plan to US — report

Nicosia reportedly asked to buy some military equipment from Washington as part of a three or five-year agreement, and sought help in bringing Cyprus’ military capabilities to NATO standards

Ciolacu, Lasconi to face off in presidential runoff in Romania next month — exit polls

Voter turnout in the election stood at 52.41%

Independent candidate Georgescu leading first round of presidential election in Romania

Georgescu is reserved about Romania’s NATO membership and he has been cautiously pushing for normalization with Russia

West’s trying to turn Seoul into accomplice of Zelensky regime — Russian Foreign Ministry

Andrey Rudenko stressed that bilateral cooperation between Russia and the DPRK "is built in accordance with the generally recognized norms of international law and is not directed against any third countries"

Russia encircles largest Ukrainian fortification in southern DPR — security services

"The enemy positioned in the fortified area in Velikaya Novoselka in the south of the DPR is already trapped in a kill zone," the source said

Moscow doing everything to bring Russian citizens back home — Kremlin spokesman

According to Dmitry Peskov, the return of the Kursk residents "was the result of very challenging negotiations"

US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

Maria Zakharova stated that the US-NATO construction project, ongoing for nearly a decade with complete disregard to Russian security concerns, has consistently been a focus of Russia's attention

Guterres condemns supply of anti-personnel landmines to Ukraine

The UN Secretary-General urged world leaders to join the Ottawa Convention

Kremlin doesn’t see Trump’s future term through ‘rose-colored glasses’ — spokesman

Trump is scheduled to be sworn in as president on January 20, 2025

West beginning to realize only part of Ukraine will remain — Lavrov

According to the Russian foreign minister, this represents the "confrontational logic" of the West

Ukraine abandons Selidovo, laying mines in wells — security services

The Ukrainian armed forces used various modified Western-made mines and improvised explosive devices during the process

Biden’s decision to use ATACMS against Russia may 'blow up in America’s face' — US expert

According to Daniel Davis authorizing US long-range weapons to be used against Russia is "foolhardy to the highest order," "especially because there is no military upside for doing so"

Ukrainian military fires over 50 projectiles at Russia’s Belgorod Region in past day

A self-defense member was injured after drones dropped explosive devices on the village of Gruzskoye in the Borisovsky District; a private house was damaged

Trump ‘incredibly concerned’ about escalation in Ukraine, his NSA pick Waltz says

Trump is "incredibly concerned" about the escalation that is taking place and "where it’s all going," he said on Fox News

Defense contractor delivers new batch of Su-34 bombers to Russia’s Aerospace Forces

The new fighter-bombers have undergone necessary testing and have been sent to the places of their operation, Vadim Badekha noted

Warehouse with containers of flammable liquids on fire in Barnaul — Emergencies ministry

As the ministry’s the regional headquarters reported, the area of the fire is 6,000 square meters

France, UK will have to pay for their helping Ukraine strike inside Russia — diplomat

Russia’s Permanent Representative to the Vienna-based international organizations Mikhail Ulyanov said that what has been done by the White House is very dangerous

Strike with Oreshnik missile was a timely and effective response to the West — Kremlin

Dmitry Peskov added that by authorizing strikes deep into Russia with its missiles, the US administration ignored Russian President Vladimir Putin's warnings about the possible consequences

Ukraine’s military loses nearly 10,000 troops at LPR borders over week — military expert

Over the reporting period, Russian forces also destroyed 11 tanks, 89 field artillery guns, 16 electronic warfare and counterbattery radar stations, 33 field ammunition depots and more than 230 combat vehicles of the Ukrainian army in those frontline areas, Andrey Marochko said

Russian MFA withholds public comment on nominee for new ambassador to US

Earlier, Russian President Vladimir Putin relieved Anatoly Antonov of his duties as Russian ambassador to the US

Opposition holds rally in Georgian capital to protest election outcome

The rally is attended by people that came from the country’s regions by car

Press review: Russia fires missile at Ukraine plant and Biden forgives Kiev $4.65 bln debt

Top stories from the Russian press on Friday, November 22nd

Shooting took place near Israeli embassy in Jordan — TV

Adjacent streets are blocked by security forces

Ukrainian strikes inside Russia impossible without Western support — newspaper

Russian President Vladimir Putin said on September 12 that Ukraine was unable to strike inside Russia without the West’s assistance because it would require intelligence data from satellites and flight assignments

Peace deal between Israel, Hezbollah 'very close' — TV

The Ynet news website reported earlier that Israel had given a preliminary green light to a ceasefire agreement with Hezbollah, subject to final approval by the cabinet