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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Lukoil doesn’t see need for Russia to withdraw from OPEC oil production cut agreement

Earlier on Wednesday, Lukoil’s CEO Vagit Alekperov said that he supports the Energy Ministry’s initiative to extend production reduction for another nine months

MOSCOW, May 17. /TASS/. Russian oil major Lukoil doesn’t see the need for Russia to withdraw from the OPEC deal on reduction of oil production yet and doubts that the mechanism for withdrawing from the agreement can be developed, the company’s first executive vice-president Ravil Maganov told reporters.

"Lukoil will support everything that the owner of the mineral recourses - the state - tells us. But I do not think such a mechanism will be developed. It is very clear to us that the restriction gives a certain result. And, probably, today it is pointless to take unnecessary actions in this situation," he said, answering a question from TASS whether Lukoil would support the idea to develop a mechanism for Russia's withdrawal from the agreement with OPEC.

Read also

Earlier on Wednesday, Lukoil’s CEO Vagit Alekperov said that he supports the Energy Ministry’s initiative to extend production reduction for another nine months.

At the same time state-run oil company asked the ministry to develop a mechanism for gradual withdrawal from the deal after the agreement expires in March 2018. He added that the extension of the agreement is "comfortable for Rosneft."

In early December 2016, OPEC countries and eleven non-OPEC nations agreed to slash the total oil production by 1.8 mln barrels per day in the first half of this year in order to cut global oil stocks to the latest five-year average. Russia has made a commitment to cut its crude production by 300,000 barrels per day starting January 1, 2017 versus October 2016, or 2.7%, as part of the oil output cap deal with OPEC. The official talks between OPEC and Russia regarding the extension of the deal are expected at the meeting in Vienna on May 24-25.

Tags

MOEX, RTS indices rise by 0.76%

Later in the day, the MOEX index accelerated its growth and reached 2,618.42 points (+0.93%), while the RTS index was 845.58 points (+0.93%)

Syria demands UNSC take measures to stop Israel’s attacks

A source in the Syrian defense ministry told the agency earlier that Israel had staged an attack from the occupied Golan Heights on Monday evening

Attempts to destroy Iran’s nuclear capacity may expand conflict — top Turkish diplomat

According to Fidan, Israel continues to put forward conditions in talks with the Palestinian movement Hamas

Russia’s latest Lotos artillery gun for paratroopers to receive counter-drone system

After successfully undergoing all preliminary trials, the new self-propelled artillery system was sent for state tests

Moldova’s opposition to challenge presidential election results with Constitutional Court

According to Sor, the opposition has evidence of massive ballot rigging in favor of the incumbent president during the presidential election

PREVIEW: Putin to lay flowers at monument on Red Square to mark National Unity Day

Representatives of religious denominations, public and youth organizations will take part in the ceremon

Azerbaijan, Iran hold joint naval drills in Caspian Sea

The ministry said earlier that the drills involved two ships and more than 100 servicemen of the Azerbaijani Navy

NATO number one threat to global peace, says French politician

It is stted that NATO considers the EU as "a registration office of its members"

US to hold 60th election of president, vice president on Tuesday

Election results must be officially certified in states by December 19

Kursk region will be cleared of Ukrainian forces — Putin

He added that victory is impossible without volunteers who support the fighters at the front

Kiev may look at Qatar-mediated agreement with Russia on non-targeting energy facilities

According to Andrey Yermak, a principle like the one of the grain deal could be used in this context, but no talks between Kiev and Moscow are being held at the moment

Sandu wins Moldova's elections with 55.33% of votes, Stoianoglo gains 44.67%

In total, 1,699,025 people came to the polling stations in Moldova and abroad, which is more than 54.31% of the people included in the electoral lists. In the second round of the 2020 presidential elections, this figure reached 58.22%

US warns it won’t be able to restrain Israel if Iran attacks — report

An Israeli official said the message was passed from Washington to Tehran through the Swiss

Israeli minister’s suggestion of nuclear strike on Gaza raises questions — Russian MFA

Maria Zakharova stressed that such statements by Israeli officials shed light on the true reasons why Tel Aviv was opposing the establishment of a nuclear-weapon-free zone in the Middle East

Situation dire for Ukrainian troops along entire frontline, says DPR head

Meanwhile, the potential of Ukrainian armed forces should not be underestimated, Denis Pushilin cautioned

Press review: Russia strengthens nuclear triad while Ukraine awaits US strike approval

Top stories from the Russian press on Wednesday, October 30th

Press review: Turkey to mediate in Russian-Ukrainian conflict while IDF strikes Gaza

Top stories from the Russian press on Saturday, November 2nd

Events in Bangladesh show similarities with color revolutions — Indian expert

According to Melkulangara Bhadrakumar, "these developments signifying the ascendance of Anglo-American influence in the highly strategic Bay of Bengal region are a setback for both India and Russia — and China"

Press review: Lavrov embarks on EU visit and Russia permits individual crypto mining

Top stories from the Russian press on Friday, November 1st

Plane with 103 Russian POWs lands near Moscow

They were swapped for 103 Ukrainian POWs

Germany ‘shamefully resigned’ itself to destruction of Nord Stream — Lavrov

Lavrov also drew attention to the fact that "reckless proposals" are being made about strikes with Western long-range systems deep into Russian territory

Total losses of Ukrainian forces in Russia’s Kursk Region reach over 29,600 servicemen

Meanwhile, over the past 24 hours, the Ukrainian Armed Forces have lost over 350 servicemen

Israel hits Hezbollah intelligence headquarters near Damascus — IDF

According to the IDF, Hezbollah's intelligence headquarters has a branch in Syria, "which includes an independent intelligence gathering, coordination, and assessment network."

At least 70 people killed in Gaza over past 24 hours — TV

According to the Palestinian Health Ministry, 43,400 Palestinians have been killed and 102,300 wounded in the Gaza Strip since the conflict escalated in October 2023

Ukraine admits number of deserted soldiers from Armed Forces of Ukraine surpasses 100,000

Earlier, military lawyer from the Center for Support of Veterans and Their Families Roman Likhachev said that more than 100,000 servicemen had voluntarily left their units

Russian diplomat slams Moldova’s election as most undemocratic in country’s history

The outcome of the runoff presidential election "exposed a profound split in Moldovan society, which began after the first round of election and the referendum on European Union membership," Maria Zakharova noted

Russian Guardsmen uncover Ukrainian arms cache with over 100,000 munitions in LPR

The arms cache also stored more than 600 artillery shells and engineer explosive items, eight anti-tank missiles, over 100 grenade launcher projectiles

Press review: Putin highlights GDP growth while the Russian military claims top rank

Top stories from the Russian press on Tuesday, October 29th

Kremlin spokesman says he cannot recall Putin ever talking to Kamala Harris

"When Russian President Vladimir Putin met with US President Joe Biden, Mrs. Harris was not in Geneva," Dmitry Peskov said

Russia’s Ionosfera-M satellites successfully put into orbit after launch

Soyuz-2.1b rocket also carried 53 other satellites

Putin meets with visiting North Korean foreign minister — Kremlin spokesman

On November 1, Choe Son Hui held talks with her Russian counterpart, Sergey Lavrov

Former CIA, Pentagon chief describes incursion into Kursk as Kiev’s ‘strategic mistake’

In Robert Gates opinion, Russia is capable of continuing its special military operation in Ukraine until it decides that its goals are met, and underestimating its ability to carry on "is a huge mistake"

Medvedev says any new uprising in Ukraine would seek to execute current leaders

The Russian politician said the goal of Zelensky and his team is to stay in power in the country as long as possible

Russian Air Defense Forces shot down four HIMARS missiles, Hammer bomb, 42 Ukrainian UAVs

Russia’s East battlegroup improves its position, Ukraine loses up to 110 servicemen

Putin to accept diplomatic credentials from 28 ambassadors of countries like Japan, Canada

The ceremony on Tuesday will be the first in 2024

Iran has hundreds of missiles capable of inflicting severe damage Israel — WSJ

The article states that the Israeli attack has compromised the air defense systems protecting key Iranian facilities

West itself signed death warrant for dollar, turning it into punishment tool — Lavrov

At the same time, the volume of mutual settlements in national currencies in foreign trade between the BRICS member countries reaches around 65%

Western military assistance to Ukraine tops 100 bln euros — minister

Ukraine regularly asks for additional military assistance from its Western partners, occasionally criticizing them for delays and insufficient amount of supplies

Ukraine lost 6,000 more fighters on LPR borders in one month than in September

During this period the Russian Armed Forces destroyed 746 vehicles, 365 various armored vehicles, 61 tanks, 12 launchers of multiple launch rocket systems

Georgian opposition plans to disrupt first session of newly-elected parliament

He called on the opposition to hold a rally on November 21, when the Central Electoral Commission is to release the final protocol of the parliamentary election

Fencing installed around Harris’ residence in Washington ahead of election

Apart from that, additional fencing will be installed around the US Capitol and the US Department of the Treasury in Washington

US State Department says 10,000 North Korean soldiers deployed to Russia’s Kursk Region

They "could enter combat in the coming days," Matthew Miller, a State Department spokesman said

Malaysia rejects US call to 'stop being friendly' with Russia — PM

Anwar Ibrahim said the call came during a meeting with US Secretary of State Antony Blinken on the sidelines of the 19th East Asia Summit in Laos

Ukrainian ombudsman asks Russia to provide lists of Ukrainians POWs for exchange

Dmitry Lubinets contacted his Russian counterpart Tatyana Moskalkova

Economic sanctions against Russia not working — top Hungarian diplomat

As an example, he cited Europe’s continuing purchases of Russian liquified natural gas and Russian uranium supplies to the United States for the production of fuel for US nuclear plants

US citizen who shared data on Ukrainian military with Russian army wants to stay in Russia

Daniel Martindale noted that after peace is restored, he would like to go back to farming

Russian forces liberate settlement of Vishnyovoye in Donetsk People’s Republic

Japan’s defense minister says North Korea launched 7 missiles that flew 400 km each

Japan issued a protest to Pyongyang through diplomatic channels

Over 78 mln US citizens vote early in presidential election — Florida State University

According to the report, more than 42.6 million people attended polling stations

Israel steps up readiness for potential Iranian strike — report

The IDF has not ruled out the possibility of an Iranian response from Syria, Yemen, or Iraq, rather than directly from Iran, the newspaper reported

Rheinmetall plant in Ukraine Russia's legitimate military target — Kremlin

Earlier, Rheinmetall CEO Armin Papperger announced that the company was opening a plant in Ukraine specializing in the repair and production of armored vehicles

US election results will bring peace or third world war — Serbian leader

The United States presidential election is set to be held on November 5

Southern sector of Ukrainian defense in DPR close to collapse — The Guardian

Kupiansk military-civilian mayor Andrey Besedin described the situation as "critical" and said that approximately 1,400 people were refusing to evacuate from their homes, awaiting the arrival of Russian troops

NATO intends to fight 'defensive battles' thousands of miles from its territory — Lavrov

According to Lavrov, all reasonable observers understand "that this is a road to nowhere"

Kiev wants to exchange only militants from its nationalist battalions — Russian diplomat

According to Maria Zakharova, Kiev is also "interested in the fate of foreign mercenaries who took part in combat operations against Russia"

Attacks on reserves and Ukrainian losses: situation in Kursk Region

The Ukrainian armed forces lost over 150 troops in the Kursk area in the past day

Russian forces destroy US-made Stryker armored fighting vehicle in Kharkov Region

The target was attacked by an FPV drone, the Russian Defense Ministry said

Prosecutor's Office deems activities of US-based business society undesirable in Russia

The international company incorporated in the United States has been engaged in promoting the policies of unfriendly states regarding the Russian-Ukrainian conflict and actively supports the LGBT community, the Russian Prosecutor General's Office explained

Russia says 6 Ukrainian drones shot down over Bryansk Region overnight

Bryansk Region Governor Alexander Bogomaz said there were no casualties and destruction as debris of the downed drones hit the ground

Ukrainians do not want war with Russia, but US keeps them trapped — expert

According to Professor Ruhollah Modabber, Washington has effectively banned free elections in Ukraine

Trump says he’s fighting 'evil democrat system,' not Harris

The United States presidential election is set to be held on November 5

Austria accepts terms of payment for Russian gas in rubles — Chancellor

On March 23, the Russian president ordered that unfriendly states must pay for Russian gas in rubles

Industrial facility suffers damage in Ukraine’s Dnepropetrovsk Region

Meanwhile, explosions have been reported in the Ukrainian capital of Kiev and the Kirovograd Region

BRICS to consider expanding group in 2025 — Lavrov

"Criteria for the partner country category will be agreed upon," the Russian Foreign Minister said

Putin to accept letters of credentials from 28 new ambassadors on November 5

The ceremony will also be attended by representatives from Argentina, Italy, Spain, New Zealand, Ireland, Denmark, Belgium, the Netherlands, and Finland

New Russian combat equipment in 2024

Kremlin spokesman denies Russia ships explosives across EU

"We have never heard any official accusations," Dmitry Peskov said

Mishustin to travel to Minsk for meeting of Russia-Belarus Union cabinet

The meeting’s agenda includes about 20 issues, such as mobile communications tariffs and development of suburban rail service

Medvedev sees West waging real war on Russia in Ukraine

"Our current adversaries argue that they have a right to send any weapons to Ukraine or that they have a right to dispatch their advisors to consult on how to conduct hostilities," the Russian Security Council deputy chairman said

US-led coalition aircraft violate Syrian airspace eight times in past day

Apart from that, in his words, as many as 5,175 people crossed Syria’s border from Lebanon via the checkpoints of Al-Arida, Al-Jawasiyeh, Al-Dabousiyah, Jisr Qamar, and Jdaidet Yabous during the past day

Swedish climate activist Greta Thunberg appears at a rally in Georgia

According to some reports, she came to the country at the invitation of a non-governmental organization

Russia’s Medvedev cautions next US leader against adding fuel to fire in Ukraine

The politician doubted the deep state in the United States wants another global war

Russia says Т-80 tanks of battlegroup East disrupt Ukrainian attack in South Donetsk area

According to the statement, following the combat mission, the tank crews quickly left their firing positions and returned to the waiting area to evade retaliatory fire by enemy artillery

Putin participates in Russia’s strategic deterrence force training

The Russian president observed the drills from the Kremlin’s situational center

Ukrainian forces lose 11,800 soldiers on LPR borders in a week — military expert

During the mentioned period, the Russian military destroyed 196 vehicles, 89 various armored vehicles, five tanks, three multiple launch rocket system launchers

Soyuz-2.1b blasts off from Vostochny spaceport carrying 55 Russian, foreign satellites

The Ionosphere-M satellites, which are the main payload, are set to be put into a sun-synchronous orbit within an hour

North Korea probably launched ballistic missile, Japan’s coast guard says

The missile, whose type remains unclear so far, fell about 20 minutes after launch, the agency said

NATO undecided on intercepting projectiles over Ukraine — top Polish diplomat

Polish Prime Minister Donald Tusk earlier said that Warsaw and its NATO partners will discuss the possibility of taking down projectiles over western parts of Ukraine near the Polish border

Ukraine attacks Belgorod Region with 20 munitions, two UAVs in one day

Vyacheslav Gladkov noted that two drones were shot down over the town of Schebekino and the Belgorod District

Gazprom supplies 42.1 mln cubic meters of gas to Europe via Ukraine

The day before the pumping volume reached 42.1 mln cubic meters

BRICS countries dominate world economy — official

He pointed to the improved quality of life in the BRICS countries, the birth rate among the key factors and noted other demographic and socio-economic reasons

For US losing dollar as a standard of settlements would be like losing a war, Trump says

The Republican presidential candidate criticized the current US administration for allowing the unification of Russia, China, Iran, the DPRK and a number of other countries into one group

Bulgaria, Westinghouse sign engineering deal for additional reactors at Kozloduy NPP

The cost of construction has not been determined yet, but is expected to be between $14 billion and $30 billion

Russian diplomat says Ukraine took back just 279 POWs, although 935 were offered

Russian Foreign Ministry Spokeswoman Maria Zakharova called such actions of the Kiev regime "political tourism on the blood of its own citizens, its own servicemen"

Hezbollah fires 105 rockets from Lebanon at Israel on November 3 — IFD

The army "will continue to protect Israel and its people from threats" from Hezbollah, the press service noted

Harris has 4-point lead over Trump in final PBS election poll

An earlier poll conducted by Research Co. revealed that Harris was ahead of Trump in swing state Pennsylvania by one percentage point

Final poll by NBC shows equal support for Harris, Trump in US presidential election

Both candidates are being supported by 49% of registered voters with merely 2% remaining undecided

Ukrainian lawmaker Bezuglaya calls out ‘catastrophic situation’ in country’s army

Maryana Bezuglaya accused Commander-in-Chief Alexander Syrsky for his alleged failure of the military operation in Russia’s borderline Kursk area and the complicated situation in the southern directions of the frontline

Talks on settlement in Gaza continue — diplomatic source

The Egyptian proposal involved a 12-day ceasefire, during which Hamas would release four Israeli hostages and then the sides would hold talks about "a more long-lasting ceasefire"

Sandu is winning in 2nd round of Moldovan presidential elections with 55.04% — CEC

Votes at a number of polling stations abroad are yet to be counted

Moscow calls on Seoul to refrain from sending weapons to Ukraine — diplomat

"We call on our South Korean colleague to think twice and not to embark on this extremely dangerous path, which will lead Seoul to nothing good", Anna Yevstigneyeva said

Russia says its troops mined, blocked one route used by Ukrainian forces in Kursk Region

According to the ministry, soldiers of the regiment's reconnaissance company with the call signs Porsh and Pochta destroyed the enemy that was covering the passage in the engineering barriers and moved forward to fulfill the combat mission

Google’s fines in Russia reach stratospheric levels — lawyer

Google can return to the Russian market only if it complies with the court’s decision

Opposition rally near parliamentary building in Tbilisi ends without incidents

President Zourabichvili and all the opposition parties refuse to recognize the election results, slamming them as rigged

Cargo Dragon lifts off from Florida launch site to head for ISS

The 31st commercial mission to deliver cargo to the orbital outpost departed from John F. Kennedy Space Center in Florida at 9:30 p.m. US East Coast time

Crowds throw mud at Spanish king during visit to flood zone

As a result, the king's visit to Paiporta was cut short

Kiev's violation of agreements means less territory for Ukraine — Lavrov

The Russian foreign minister also recalled the Istanbul agreements

Russian-North Korean partnership treaty called to stabilize region — Russian diplomat

"The treaty’s provisions, including article 4 on mutual support in case of an armed incursion, will be fully implemented, if need be," Anna Yevstigneyeva said

Harris, Trump tie in Dixville Notch, starting election

As is tradition since 1960, residents of Dixville Notch cast their ballots around midnight local time, several hours before voting starts in other parts of the country

Russia is not going to attack Poland, Baltics, Ukraine through Belarus rule — Lukashenko

The Belarusian President called for building relations in a neighborly manner

Around 100 air attacks of Ukrainian Armed Forces in DPR were foiled in one week

In particular, a fixed-wing drone without a warhead or visual surveillance equipment was eliminated in the Kuibyshevsky district of Donetsk, near an energy facility