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World oil prices

OPEC increases global oil demand growth outlook by 500,000 barrels per day

MOSCOW, March 14. /TASS/. The Organization of Petroleum Exporting Countries (OPEC) increased the global oil demand growth outlook by 500,000 barrels per day in 2017. Such information is contained in the OPEC March Report.

Oil demand this year has been revised to 96.31 mln barrels per day in 2017 versus 95.81 mln barrels daily under the February estimate. "The upward adjustments were due to more optimistic expectations for oil demand in OECD Europe, as well as Asia Pacific," the OPEC said.

Oil demand growth this year is expected to be 1.26 mln barrels per day higher than in 2016, the Organization reported.

Forecast for 2017

Oil demand in 2017 is expected to grow by 1.26 mln barrels per day versus 2016 figure, the OPEC said. This figure is 70,000 barrels per day higher than presented in the last month’s growth estimate:

"The upward adjustments were due to more optimistic expectations for oil demand in OECD Europe, as well as Asia Pacific."

The world oil demand growth estimate for 2016 was revised marginally higher by around 50,000 barrels per day to growth of 1.38 mln barrels daily to average 95.05 mln barrels per day.

"Revisions were driven primarily by higher-than-anticipated 4Q16 oil demand in OECD Europe, and Asia Pacific, as well as China, partially offset by minor downward adjustments in the Middle East," according to the OPEC.

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Oil & Gas Oil price OPEC

Bank of Russia lifts official dollar rate to 102.58 rubles for November 23-25

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China against double standards in international law — Foreign Ministry

Spokesman Lin Jian highlighted Washington's use of double standards in handling the Israeli-Palestinian conflict within the United Nations

Russian air defense deflects attacks with Western missiles — Putin

"As a result, the goals that the enemy apparently set have not been achieved," the Russian leader said

Iran begins installation of three new generations of centrifuges to enrich uranium — TV

The decision was reportedly made in response to the anti-Iran resolution of the International Atomic Energy Agency

Ukrainian conflict acquires global elements after strikes with Western missiles — Putin

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Russia's Oreshnik missile poses significant threat to West, Turkish expert warns

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It will be held on November 25

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US decision to allow missile strikes deep into Russia fuels global escalation — Slovak PM

Robert Fico also rejected the belief that this escalation would not impact "those living far away, in Spain, England, or America"

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Enemy losses, mercenary intrigue, humanitarian aid: situation in Kursk Region

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Zelensky fine with conflict continuing due to Western help — Slovak PM

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Oreshnik missile to go into serial production, Putin says

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US Congressman urges to impeach Biden for allowing strikes deep into Russia

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US administration chooses to escalate Ukraine conflict — Kremlin

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According to the report, at least 15 Ukrainian servicemen were killed as a result of the attack

Japanese government refrains from commenting on Russia’s latest hypersonic missile

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Russia’s reaction to Austrian OMV’s failure to pay for gas justified — MFA

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Western nations should take Putin's statement seriously, warns Hungarian PM

Viktor Orban recalled that Russia has "one of the most powerful armies in the world, which boasts the most advanced, most powerful weapons"

Russia hit Ukrainian military-industrial facility in response to use of Western missiles

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US not seeking confrontation with Russia, but will continue assistance to Kiev — Pentagon

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Biden's decision on missile strikes on Russia is his 'last gasp' — Japanese lawmaker

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US admiral says Washington should be ready for talks with Russia, China

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US makes mistake by destroying INF Treaty — Putin

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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

NATO deployment to Ukraine would mark its entry into the war, Russian diplomat warns

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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

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Russia fires ballistic, non-nuclear-tipped missile at Ukrainian aerospace plant — Putin

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Oreshnik test aims to persuade West to avoid escalation in Ukraine — media

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Ukrainian frontline may 'collapse' under onslaught of Russian forces — BBC

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Wu Qian stated that the United States must immediately correct its mistakes, "honestly respect China’s main interests, and seek to create favorable conditions for high-level contacts between the military of the two countries"

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Belarusian president believes humanity is on the brink of World War III

Alexander Lukashenko also emphasized that a real information war has been underway for a long time

Russia entitled to use weapons against military sites of states attacking it — Duma

"Russia has repeatedly stated that such actions will receive a response – and it will be a stronger one," Duma Speaker Vyacheslav Volodin stressed

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

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

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"

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Kremlin clarifies notification process for Oreshnik missile launch

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Previously, Acting Permanent Representative to Brussels Kirill Logvniov told reporters that he wraps up his mission in Brussels within the planned rotation

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

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White House not yet ready to speak on causes of Baltic undersea cable ruptures

Two underwater cables were damaged in the Baltic Sea on November 17 and 18

Romanian presidential candidate vows to end military aid to Ukraine

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China urges restraint after Russia, Ukraine's exchange of attacks — foreign ministry

Lin Jian also reaffirmed Beijing's position on the Ukrainian issue

Putin warns West that Russia can respond to any turn of events

"There will always be an answer," the president said

Putin stays open to contacts to reach 'peaceful track' — Kremlin

Russian President Vladimir Putin delivered a televised address to the nation on November 21, announcing that in response to the West’s decision to authorize strategic-depth strikes on Russia, Moscow used its new Oreshnik medium-range hypersonic ballistic missile for the first time

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

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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

Russia interested in security of Baltic undersea infrastructure — embassy in Denmark

"It is important to ensure a thorough investigation and clarify the reasons why underwater cables in the Baltic Sea are now out of order," embassy said

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 hopes West will thoroughly analyze Russia's nuclear doctrine — ambassador

Andrey Kelin also recalled that the policy of the Russian leadership enjoys the full support and confidence of the country's population

Eliminating best enemy units: Defense Minister visits special op area

Andrey Belousov stressed that Russian troops have accelerated their advance in the special military operation zone and have effectively disrupted Kiev's 2025 military campaign

Bulgarian politician sees Oreshnik missile strike as wake-up call for peace

"European politicians need to think twice about what they do next, especially since Donald Trump, who will take office in two months, replacing the current White House occupant, has already expressed his commitment to the policy of peace," Krasimir Karakachanov said

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

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"

Russian embassy warns UK about dangers of calling for Moscow’s ‘defeat’

According to th statement, London is promoting new rounds of escalation

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

Biden slams ‘outrageous’ International Criminal Court warrants for Israeli leaders

"There is no equivalence - none - between Israel and Hamas," US president said

Biden’s actions on Ukraine meant to 'muck things up' for Trump — Lavrov

According to the Russian foreign minister, such behavior is "typical of the Democrats"

North Korean leader warns of growing risk of nuclear war — KCNA

Kim Jong Un added that negotiations with the US only confirmed the North Korean view that Washington’s hostile policy remains unchanged

IN BRIEF: What Putin said about Russia’s new missile, and Moscow’s response to the West

Moscow used its new Oreshnik medium-range hypersonic ballistic missile in response to the West’s decision to authorize strategic-depth strikes on Russia

Japanese lawmaker praises Putin's restraint amid decision to strike deep into Russia

Top EU diplomat Josep Borrell confirmed that the US administration had lifted restrictions for US-supplied missiles to be used for strikes up to 300 kilometers inside Russia

Ukraine should consider territorial concessions to Russia in return for peace — magazine

Foreign Policy pointed out that Western officials should stop insisting in public speeches on the need to achieve a strategic defeat for Russia

Decision on strikes inside Russia seals US puppet Zelensky’s fate — commentator

The New York Times reported earlier, citing sources, that US President Joe Biden had authorized the use of US-made ATACMS tactical ballistic missiles for strikes inside Russia

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"

Nuclear escalation of Ukraine conflict unlikely, says ex-French envoy

"In my opinion, as long as Russia has an advantage on the battlefield, and at this point it does, the risk of nuclear escalation is low," Jean de Gliniasty poited out