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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

World oil prices

Chinese experts doubt efficiency of oil agreement between Russia and Saudi Arabia

Together Russia and Saudi Arabia produce more than 21% of global oil demand

© Ruslan Shamukov/TASS

BEIJING, September 6. /TASS/. Chinese experts doubt the implementation efficiency of the agreement between Russia and Saudi Arabia aimed at stabilization of energy commodities prices, they said in an interview with TASS.

Read also

"It will be very difficult to implement this agreement, as the volume for each exporter country is different. Many countries - producers of oil and gas rely on exports, so they are unlikely to agree to the terms of the agreement," a senior consultant for Sinopec Yang Qixi said.

At the same time, Professor of the China University of Petroleum Dong Xiucheng has more optimistic estimates. "We cannot say that this is not possible, but the probability of implementation is small. If there such an intention, it needed to be carried out earlier, this decision is quite sudden," he said.

"There are other countries, apart from Russia and Saudi Arabia. If they do not join, then this initiative will not solve anything," he concluded.

Saudi Arabia's Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said earlier said that all other big players on the oil market should join the agreement between Russia and Saudi Arabia to stabilize the oil market. On Monday, Saudi Arabia and Russia's energy ministers singed a joint statement aimed at stabilizing the crude market on the sidelines of the G20 Summit.

Read also

Brent grows by more than 5% against Russia signing oil agreement

"I have to say all other producers are expressing interest in coordinating... with Saudi Arabia and other like-minded countries to reach a consensus," Al-Falih said at a briefing with his colleague, Russia's Energy Minister Alexander Novak.

"We are optimistic that Algiers meeting will provide a forum, and pre-Algiers that consultations which will take place bilaterally and in groups will bring us to Algiers with some sort of coordinated decisions. But the two countries agree that even if there is no consensus, we will be willing to take join action when necessary," he added.

On September 26-28, Algiers will host the International Energy Forum. Venezuela, Ecuador and Kuwait have initiated a new round of talk of capping oil production to be held at the forum.

Russia and Saudi Arabia produce more than 21% of global oil demand.

Tags

Oil & Gas Oil price

Oil supplies to Hungary via Druzhba pipeline resume — top Hungarian diplomat

Reuters reported earlier that oil supplies to Belarus and EU countries via Druzhba had been suspended on December 19 due to technical problems

Russia’s banking sector expected to move from surplus to liquidity deficit in 2024

The Bank of Russia also expects that inflation will slow down and amount to 5.7% in quarterly terms in the Q1 of 2024

Turkish president calls on West to stop Israel in Syria before it’s too late

"All international mechanisms need to be effectively employed in order to prevent Israel from exploiting the situation in Syria," Recep Tayyip Erdogan said

Cosmonauts accomplished spacewalking tasks ahead of time

Cosmonauts deployed a small-size radio detector on the Science module surface and installed experimental equipment outside the Search module during EVA

Israeli delegation discussing in Doha ways of reaching deal om Gaza — TV

The Al Arabiya television channel said that, citing a source

Two high-speed amphibious assault boats enter service with Russia’s Baltic Fleet

The vessels are designated to sealift and land an assault force, provide fire support for the landing party, participate in anti-saboteur measures

Russia declassifies intel about France’s plans to send 2,000 troops to Ukraine

SVR Director Sergey Naryshkin said on March 19 that Paris was already preparing to send some 2,000 troops to Ukraine

Press review: South Korean president impeached as Ukraine turns to foreign mercenaries

Top stories from the Russian press on Monday, December 16th

Putin agrees 'Russian world' now faces war

The Russian leader also agreed with Sergey Mironov, head of the "A Just Russia - For Truth" faction in the Duma, who said that "the birth rate is insufficient, because the matter concerns extinction"

Russia to retaliate against Ukrainian strikes, just as Putin said — Kremlin

"Russia’s position is well known, it was voiced by Putin back in St. Petersburg," Dmitry Peskov stressed

ISS orbit raised ahead of launching Soyuz manned spacecraft

As preliminary data suggest, the ISS orbit was raised by 2.3 km to 416.43 km above the Earth’s surface

Georgian president demands appointing snap elections within week

Salome Zourabichvili also promised to announce her further plans on Monday

Russia ready to normalize relations with US without detriment to its interests — Putin

The previous generation of Russian politicians chose the course towards the country’s destruction for the sake of joining the so-called civilized world but this was what the West wanted, President Vladimir Putin

Putin opens new transport infrastructure sites in Russian regions via video link

Putin also took part in the ceremony of opening international airports in Magadan, Cheboksary, and Stavropol

Ukraine’s General Staff admits tense situation along entire frontline

The Ukrainian military also admitted the Russian army’s supremacy in terms of military equipment and the size of personnel

Commander Makarov was killed in fighting to repel Ukrainian attack — ministry

Russian Defense Ministry Spokesman Igor Konashenkov also informed of the death of the deputy commander of the army corps for military-political work, Colonel Yevgeny Brovko, who led the efforts of the personnel

West should consider Putin's words on Oreshnik missile duel — diplomat

Foreign Ministry Spokeswoman Maria Zakharova emphasized that the rhetoric about "inflicting a strategic defeat on Russia" is firmly rooted in the mentality of the NATO regimes not at all as hypothetical assumptions

Houthis say attacked US aircraft carrier in Red Sea, shot down US fighter jet

According to the Houthi spokesman, the strike on US vessels was delivered with the use of "eight cruise missiles and 17 drones"

Press review: Israel and Hamas near a truce while Zelensky drafts a new negotiation plan

Top stories from the Russian press on Thursday, December 19th

Arkhangelsk nuclear submarine ready to join Russian Navy — Sevmash Shipyard CEO

Project 885M nuclear-powered submarines carry Oniks and Kalibr-PL cruise missiles as their basic strike weapons

An-2 plane missing in Kamchatka located, survivors found — regional emergencies ministry

According to the press service of the regional Emergencies Ministry, all three people onboard the plane survived the emergency landing

Damage to Portuguese Embassy in Kiev caused by Ukrainian air defense — Russian diplomats

Reporters are ramping up Russophobia, distorting the facts while writing on this matter, the Russian Embassy in Portugal said

Russia continues to provide military assistance to Syria — Lavrov

"It is not our business to forecast," he said

Syria’s new government wants to build strategic relations with Turkey

Ahmed al-Sharaa also said he will not "tolerate uncontrolled arms trafficking" across the country

Magdeburg attacker may be charged with murder of 5, attempted murder of 205 — prosecutor

The motive for committing the crime could have been dissatisfaction with the treatment of Saudi refugees in Germany, Dr. Horst Nopens, Head of the Magdeburg Public Prosecutor’s office, said

Oreshnik test launch forces London to take a step back — Russian ambassador

According to Andrey Kelin, the UK’s official reaction to the launch of the Oreshnik missile was rather vague

Russia-US dialogue on Ukraine can be conducted on different platforms — senior diplomat

Everything depends on its content and the approach of the team of US President-elect Donald Trump are important, Russian Deputy Foreign Minister Sergey Ryabkov said

IN BRIEF: Assad in Moscow, security of Russian bases: what Kremlin source said

According to the source in the Kremlin, Russia has granted asylum for Syria’s former President Bashar Assad and his family members

Embassies of 12 countries closed in North Korea amid shortage of goods

All foreign personnel of international humanitarian organizations have also left, the Russian Embassy in Pyongyang said

Assad allegedly hands list of military targets over to Israel before leaving Syria — media

According to the Turkish newspaper, the former Syrian president did it to ensure his own safety

Putin holding talks with visiting Slovak PM

According to Putin’s press secretary, the meeting is being held one-on-one

Pentagon studied ways to spread bird flu via Ukrainian center, top brass says

"As part of the project, it was assessed under what conditions the virus’ transmission would become uncontrolled, cause economic damage and create risks for food security," Chief of Russia’s Radiation, Chemical and Biological Protection Force Igor Kirillov said

Zelensky actually flips the bird to Trump by insulting Putin, Medvedev says

The politician emphasized that "the president of a major country should be extremely polite and amiable"

Slovak PM thanks Putin in Russian for meeting with him

This was Putin’s first personal meeting with Fico since 2016

Lavrov describes attack by insurgents in Syria as carefully planned

"We will oppose this in every possible way. We will support the legitimate Syrian government. And at the same time, of course, we will actively advocate the need to resume dialogue with the opposition, as required by [UN] Resolution 2254," Lavrov continued

Putin’s talks with visiting Slovak PM over — Kremlin spokesman

Dmitry Peskov added that it is not planned to issue any joint statements

CIA station in Kiev targeted in recent Russian attack, military expert reveals

According to Alexander Stepanov, strikes are systematic efforts to gradually wipe out the military capabilities of Ukraine

Russian troops liberate two communities in Donbass area, Kharkov Region over past day

Russia’s Battlegroup Center inflicts 480 casualties on Ukrainian army over past day

Strike on SBU control center response to Russian general’s assassination, expert says

The ministry clarified that Ukraine launched a missile strike against the Kamensky Integrated Plant in the Rostov Region using six US-made ATACMS missiles and four Storm Shadow cruise missiles

Russia’s Battlegroup South liberates settlement of Ostrovskogo in DPR — Defense Ministry

"The enemy lost up to 285 troops, two armored combat vehicles, two motor vehicles, a D-30 122 mm howitzer, a US-made M119 105 mm howitzers and five field ammunition depots," the ministry added

Latest nuclear-powered sub Arkhangelsk to join Russian Navy by yearend

The Arkhangelsk submarine was rolled out from the slipway of the Sevmash Shipyard on November 29, 2023 for completing its construction afloat

Putin describes ban on Russia’s use of US dollars as ‘complete foolishness’

The Russian president pointed out that this desision damaged the US economy and undermined the power of the United States across the world

Syrian president stays in Damascus, carries out his duties — presidential office

On November 27, the Jabhat al-Nusra extremist group (banned in Russia) carried out a major attack in northern Syria

Rescue team departs to missing An-2 plane’s search area in Kamchatka

The search effort is hampered by foul weather, blizzards and low clouds

Kiev takes out its anger for military defeats on Russian people — diplomat

Foreign Ministry Spokeswoman Maria Zakharova also emphasized that Moscow is outraged by the hypocritical silence of the West and its media on the terrorist attacks in Russia

Massacre staged by retreating Ukrainian troops in Selidovo — report

According to Maxim Grigoryev, videos of interviews with witnesses and preliminary forensic examination of the bodies indicate that most of the victims are elderly women

Putin calls Oreshnik missile development ‘an historic event’ for space rocket industry

Russian President also said that he had handed down direct instructions to produce and test-fire the Oreshnik hypersonic missile

Ukraine loses over 300 troops, two Bradley vehicles in Kursk Region in past day

Eight motor vehicles and two electronic warfare stations were also destroyed? the ministy added

Oil supplies to Hungary via Druzhba pipeline resume — top Hungarian diplomat

Reuters reported earlier that oil supplies to Belarus and EU countries via Druzhba had been suspended on December 19 due to technical problems

IN BRIEF: What is known about drone attack on residential buildings in Kazan

TASS has gathered the main information about the incident

Russian cosmonauts Artemyev and Matveyev complete spacewalk ahead of schedule

It is reported that the crew feel well

Slovak PM to visit Moscow for talks with Putin, Serbian president says

"Robert Fico will travel to visit Putin as a European countries leader," Aleksandar Vucic said

Yemen’s Houthis announce hypersonic missile strike at military facility near Tel Aviv

Israel’s Ynet media outlet reports that at least 30 people suffered injuries after a missile fired from Yemen fell in central Israel

Putin says he is always ready to talk to or meet with Trump

The Russian leader noted that he did not know when he would meet with the US president-elect

Ukraine's refusal to transit Russian gas will hit EU economies hard — French expert

According to Jacques Sapir, the decision not to extend transit contracts was no surprise given the political landscape

Press review: Putin outlines Russia's future goals and Tehran faces energy blackout riots

Top stories from the Russian press on Friday, December 20th

Top Turkish diplomat calls for listing anti-Syrian sanctions

According to Hakan Fidan, during his contacts with al-Sharaa he "saw the Syrian leadership’s strong will and commitment in this area,"

Putin responds to question about Russia's weakness by quoting Mark Twain

The president noted that Russia had become much stronger over the past two or three years as it became a truly sovereign country

Response to Ukrainian attack on Russia’s Rylsk to come shortly — Russia’s UN envoy

Vasily Nebenzya warned as he denounced the attack as yet another unambiguous step by the Kiev regime toward escalation

Topic of Russian gas transit expected to be discussed by Putin, Slovak PM

"We’d better wait for the meeting to end to learn what they discussed," he Dmitry Peskov said

PREVIEW: Putin expected to unveil several transport facilities

According to Kremlin Spokesman Dmitry Peskov, Putin has several closed-door meetings slated for December 22

Rutube sees prospects in BRICS countries — Gazprom Media

Rutube has already evolved into an international platform, Alexander Zharov emphasized

US confirms strikes on Houthi command posts in Yemen

CENTCOM forces also shot down several Houthi unmanned aerial vehicles and an anti-ship cruise missile over the Red Sea

Russia calls Israel’s annexation of Golan Heights unacceptable — MFA

"Israel must return to the full compliance with the well-known 1974 agreement with Syria," Deputy Foreign Minister Sergey Ryabkov stressed

Is Gaddafi's gloom prophecy in regard to Europe bound to be fulfilled?

As Europe’s migrant crisis grows far and wide, many Russian media are recalling the late Libyan leader Muamar Gaddafi’s gloom prophecy made several months before his violent death

Trump appoints TV producer Burnett as special envoy to UK

The new special envoy will be in charge of trade and investment issues, as well as the cultural exchange between the two countries

Russian 'soldier of the future' combat gear tested in Syria

The Ratnik is a system of advanced protective and communication equipment, weapons and ammunition

Press review: Who benefits from Russian general's murder as Trump lacks Kremlin strategy

Top stories from the Russian press on Wednesday, December 18th

Bank of Russia keeping close eye on prevention of excessive cooling of economy

The regulator said earlier following its board meeting that the cooling of credit activity has already encompassed all segments of the credit market

Syrian development help prevent regional war — Syria’s new leader

Ahmed аl-Sharaa expressed hope for building strategic relations with Lebanon

Kiev to face more destruction after its UAV attack on Kazan, Putin warns

"We will not only restore the damage that some attempt to cause to us but will also move forward even at a faster pace as we are doing now," Russian President said

US Navy cruiser mistakenly downs F/A-18 fighter over Red Sea

According to US Central Command, the incident occurred during airstrikes on Houthi facilities

Trump warns dollar to be displaced as number one world currency over Biden’s policy

It is noted that China is trying to displace the US dollar as the number one currency throughout the world

Press review: Dubai hosts nuclear powers' meeting as OSCE preps Ukraine for EU and NATO

Top stories from the Russian press on Thursday, December 12th

Ukrainian troops struggling to escape being trapped in Lozovaya in Kharkov region — expert

In general, "quite active hostilities" are taking place near Dvurechnaya and Lozovaya in the Kupyansk sector of the line of engagement, Andrey Marochko noted

Mother of missing US reporter thanks Putin for promising help in locating her son

During a "Direct Line" Q&A session combined with his annual press conference on Thursday, Putin clarified that he had not yet met with Assad after his arrival in Moscow but plans to speak with him

Iraq receives over 1,000 Syrian army troops — media

According to the Iraqi News Agency, "the soldiers were welcomed and provided with required assistance"

Syrian militants come close to Damascus — report

Syrian army units withdrew from some suburbs of the Syrian capital, Al Jazeera said

Proposal to duel with West response to claims of Oreshnik missile vulnerability — Kremlin

Kremlin Spokesman Dmitry Peskov noted that Russian President Vladimir Putin thus meant that the Oreshnik missile is a generation ahead of all existing weapons, while not being a nuclear weapon itself

US administration believes Assad may lose power next week — media

There is a growing consensus within the US administration that such a scenario is becoming increasingly likely, an unnamed US official told CNN

Civilian industrial complex supplies Russian army with over 65 types of units — top brass

Russian Defense Minister Andrey Belousov praised the new mechanisms for accelerating the introduction of advanced weapons and equipment developed by the civilian defense industrial complex in the interests of the Russian army

Death toll from Israeli strikes on Gaza Strip exceeds 45,200 — health ministry

More than 107,600 people received wounds

Baltic states threaten mass deportation of Russians, take lead in Russophobia — statement

The Foreign Ministry noted that the facts of discrimination and persecution of Russians are often ignored by the official leadership of countries and international human rights agencies, leading many victims to remain silent

Aleppo taken by 350 militants while 30,000 gov’t troops retreated without fight — Putin

The Russian president recalled that no Russian land troops had been deployed to Syria, with Russia having only an airbase and a naval base

Lavrov says Syrian opposition needs to distance itself from terrorists

Countries shouldn’t rely on terrorists for achieving their goals, in contrast to what is now happening in Syria, Russian Foreign Minister Sergey Lavrov said at the Doha Forum

Serbia will never joint anti-Russian sanctions, deputy prime minister vows

Aleksandar Vulin noted that he is "not optimistic about prospects for the United States changing its policy toward Serbia" after the inauguration of President-elect Donald Trump

Air raid alert issued in six Ukrainian regions

Earlier, an air raid alert was declared in the Kiev, Sumy and Chernigov Regions

First batch of nuclear-armed drones Poseidon manufactured for special-purpose sub Belgorod

According to the source, various trials of core components of Poseidon underwater drones, including the nuclear power

FSB posts video of saboteurs eliminated at border of Russia’s Bryansk Region

The four saboteurs eliminated by Russian troops were presumably citizens of third countries, as evidenced by their personal items