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Brent сrude oil exceeds $65 per barrel for the first time since 2015

Earlier the OPEC ministers agreed to extend the oil production reduction agreement until the end of 2018

© AP Photo/Hasan Jamali, File

TASS, December 12. The price of the Brent crude oil futures contract for February delivery rose by 0.8% to $65.19 per barrel in the course of trading on the London’s ICE Exchange.

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Lukoil CEO sees $60-65 as most preferable oil price range

The last time the oil price of this grade was above $65 per barrel on June 24, 2015.

On November 30, the ministers of OPEC+ countries decided to extend the agreement to reduce oil production up to the end of 2018, and also resolved the issue with Libya and Nigeria, the countries that had previously been exempt from these obligations.

At the end of 2016, OPEC and 11 non-member countries, including Russia, agreed in the first half of 2017 to reduce the average daily oil production by 1.8 mln barrels against the level of October 2016. Russia, in particular, pledged to reduce production by 300,000 barrels per day. In May 2017, all parties to the agreement agreed to extend it until April 2018. Quotas for the countries remained the same. The goal of the deal is to reduce world oil reserves to five-year average levels.

Forecasts show Russia may overtake Japan in terms of GDP growth by 2030

Andrey Belousov opined that the Russian Central Bank’s key rate would remain at a high level so far, declining to 6-7% by 2027

West plotted aggression against Russia on eve of special military operation — top brass

"History repeats itself," Chief of the Russian General Staff’s Main Intelligence Department, Deputy Chief of the General Staff, Hero of Russia Admiral Kostyukov said

Senior Russian diplomat, Libyan general discuss ensuring Libya’s sovereignty

"During a thorough exchange of views on the settlement of the military-political crisis in Libya, the focus was on the task of uniting all patriotic political and religious forces in the interests of ensuring the unity, territorial integrity and sovereignty of the Libyan state," the ministry said

What we know about Israel’s military operation in Gaza’s Rafah

The Israeli army announced that it had "eliminated about 20 terrorists" of Hamas since the launch of the operation

Israeli operation in Rafah undermines mediation efforts — Hamas

Political Bureau member Osama Hamdan warned Israel that its "invasion of Rafah won’t be an easy walk"

Southern neighbors of US to regain stolen lands — Russian Security Council’s secretary

Nikolay Patrushev speculates that country may split into the North and the South again to get back to its original shape

Russia to become technologically independent in key areas — decree

The head of state set the task to increase the level of the gross added value in real terms and the production index in the processing segment of the industry by at least 40% by 2030, compared to the level in 2022

Tactical nuclear weapons in Belarus intended for defense, says Lukashenko

The Belarusian leader stressed that the combat readiness inspection is solely of a defensive nature

French military already present in Donbass — French journalist

Christelle Neant said that the Ukrainian armed forces is drafting people with no military experience as part of its mobilization campaign and sends them to the frontline after "just two or three weeks of training"

US sees no signs indicating Russia’s plans to use nuclear weapons — Pentagon

Department of Defense spokesperson Sabrina Singh said that the United States views the decision to hold a military exercise of this kind as "deeply irresponsible"

US envoy leaves Russia for certain amount of time — senior Russian diplomat

"The Foreign Ministry was told about this some time before the issue with inviting ambassadors to the inauguration ceremony of the Russian president was resolved," Sergey Ryabkov said

Euroclear fighting over 100 lawsuits in Russian courts against investors demanding refund

According to Euroclear's new chief executive Valerie Urbain, the likelihood that the depository will win these cases is quite low

Ukrainian companies report damage to energy facilities

Meanwhile, the Ukrenergo company reported that explosions had damaged an energy facility in central Ukraine

Russian sniper reports elimination of Ukrainian serviceman wearing helmet with SS emblem

He specified that his group took the helmet as proof of the elimination

Zelenodolsk shipyard floats two warships

Project 22160 ships are designed to guard and protect maritime economic zone

US accuses Russian Khoroshev of creating LockBit cyber-crime gang — Department of State

The Department of State has announced a $10 mln reward for information "leading to the arrest and/or conviction of Russian national Dmitry Yuryevich Khoroshev"

Pashinyan leaves for Moscow to attend summit, meet with Putin

The summit of the Supreme Eurasian Economic Council, the highest body of the Eurasian Economic Union (EAEU), will be held in Moscow on May 8

Belarus to respond instantly to any military aggression, says Lukashenko

Alexander Lukashenko stressed that Belarus would not draw any lines

Ten powerful solar flares erupt from Sun over past day

Some of those flares disrupted radio communications on the short wave

China congratulates Putin on assuming post of Russian president — diplomat

Vladimir Putin has been inaugurated as Russian president for the fifth time

Kiev forces view journalists wearing 'press' vests as primary target — war reporter

Christelle Neant recommended using small "press" labels in order to help Russian troops identify media workers

Appeal for Western troops posted on Ukrainian president’s website

A petition needs to be signed by at least 25,000 people to be referred to the president for consideration

Hamburg branch of AfG seeks to expel party member over trip to Russia as election observer

Olga Petersen had earlier been kicked out AfG’s parliamentary group

Ukrainian army leaving positions near Avdeyevka over Russia’s incessant gunfire — POW

The escape gives only a few a chance to survive as frequently incessant Russian artillery accurate strikes rule out this option for Ukrainian troops, Yury Yurechko noted

Russian diplomat accuses EU spokesman of 'inciting terrorism' with Crimean Bridge remarks

According to Maria Zakharova, it is shocking that the statement was made by a European official who "in general speaks on behalf of the entire European Union"

Russia puts former Ukrainian lawmaker on wanted list

His entry in the database says the man is wanted "on criminal charges"

Putin says Russia had to use force to defend people in Donbass as peaceful means failed

"A little later it became clear that we were simply being led around by the nose, and we had to take extraordinary measures to protect these people with military force," the Russian leader said

Putin will now use restyled Aurus car — Kremlin

Putin made the first trip on the Aurus exactly six years ago, on May 7, 2018, when he also departed to the inauguration

West shows no will for peace, keeps pumping weapons, money into Kiev — French politician

The way leader of the French Patriots party Florian Philippot sees it, NATO’s sole aim is further escalation

Russian troops liberate two communities in Ukraine operation over past day — top brass

Russian air defense forces shot down a Ukrainian Su-27 fighter jet and 23 unmanned aerial vehicles over the past day

Xi Jinping arrives in Serbia on his first visit in eight years

Chinese President began his visit on the day marking the anniversary of the bombing of the Chinese embassy in Belgrade by NATO aircraft

Kiev troops presumably used ATACMS missiles to strike Lugansk — politician

"Missiles hit an oil storage facility within city limits," Vladimir Rogov said

Inquiry against German Air Force chief over leaked conversation closed

"In particular, there was no evidence of deliberate actions on behalf of the above-mentioned individual," Business Insider wrote

IMF warns against violations related to use of Russian assets for helping Ukraine

Deputy managing director of the International Monetary Fund Gita Gopinath said that rebuilding mutual trust among countries requires a lot of time and effort and called for preserving "some of the enormous gains from economic integration"

Double standards with regard to Russia make US look pathetic — experts

As the conflict in Ukraine continues, "the global situation grows more dangerous by the day," Peter Kuznick said

Russia to join ranks of top four global economies — presidential decree

The government is tasked to present eleven new National Projects by September 1 of this year

Musk's assertions about ancient Martian civilizations could hold true — Roscosmos

Earlier on Tuesday, Elon Musk spoke at a conference in Los Angeles, during which he suggested that humanity could find evidence of ancient civilizations existing on Mars

FACTBOX: Russian President Vladimir Putin’s biography

Since June 12, 2013, Putin has been the leader of the non-governmental movement All-Russia People’s Front, created at his initiative as a coalition of social and political forces

Rally organizers plotting riots involving volunteers from Ukraine — Georgian intel agency

The State Security Service claimed that foreign instructors were training protesters to stage provocations against police and create chaos in the country

France not at war with Russia — Macron

"We are also not seeking a change of power in Russia," the French leader underscored

US intensifying efforts to find replacement for Zelensky — SVR

It is reported that all those politicians may be sought-after were the situation on the front line to deteriorate sharply or if the need arises to replace Zelensky as soon as possible

Belarus won’t succumb to provocations or go to war with anyone — president

The Belarusian leader Alexander Lukashenko doubts that any serious political force in Western Europe wants a military conflict

Turkish expert says Putin's inauguration speech echoes what he said in Munich years ago

Aydin Sezer recalled that during the Munich Security Conference back in 2007 "Putin said that the unipolar world had no future and a multipolar world order was needed"

US begins Astral Knight 2024 exercise in Europe involving 5,000 troops — Pentagon

The purpose of the exercise is to strengthen collective air and missile defense in Europe

Macron denies death of French troops in Ukraine out of fear of protests — SVR head

According to Sergey Naryshkin, the French Army is "visibly concerned" over the growing number of French citizens killed in Ukraine

Aerospace Forces receive new Su-35S fighters

Su-35S have passed ground and flight trials and flew from Komsomolsk-on-Amur to the deployment airfield

Kremlin sees Ukrainian petition for deployment of NATO troops as dangerous provocation

The petition to invite foreign troops to Ukraine was posted on the Ukrainian president’s website on Tuesday

French troops to become target for Moscow forces if deployed to Ukraine — Russian MFA

According to Maria Zakharova, French President Emmanuel Macron’s bellicose rhetoric "is being rejected not only by many European Union and NATO allies," but also - most importantly - "by the vast majority of French citizens"

Putin may propose candidate for prime minister as early as today — spokesman

Dmitry Peskov recalled that after the inauguration, the Russian government resigned and the members of the Cabinet continued to work in the status of acting ministers

Belgium explains absence of ambassador at Russian president’s inauguration ceremony

The European Parliament adopted a resolution at a plenary session in Strasbourg on April 25 alleging that the recent presidential election in Russia was undemocratic

EU to agree 14th package of anti-Russia sanctions by July — EUobserver

Moreover, the new package of sanctions proposes an EU27-wide prohibition on Russian funding for "European political parties and European political foundations", "non-governmental organizations", and "media service providers", EUobserver said

Thai king congratulates Putin on taking office as Russian president

"This yet another presidential term is a fact illustrating the people’s boundless confidence in your leadership," Maha Vajiralongkorn said

Emergency Ministry employee detained in Kherson Region over collaboration with Ukraine

According to the investigators, he kept improvised explosive devices for sabotage operation

Russian embassy slams ‘unacceptable’ Berlin’s decision to ban Russian flag on May 8-9

"We consider the bans discriminatory and contrary to the spirit of post-war historical reconciliation of the peoples of Russia and Germany," the Russian diplomats pointed out

Russian government resigns

The cabinet will continue to carry out its duties until a new government is appointed

Russia may strike Britain's military facilities if London's threats materialize — MFA

Maria Zakharova described British Foreign Secretary David Cameron’s remark that London considered it legitimate for the Kiev regime to use British weapons for strikes on Russian territory as "something absolutely insane"

Medvedev gives warning amid talk of deploying Western troops to Ukraine

According to the politician, the cause of the discussion on dispatching Western troops to Ukraine, launched by French President Emmanuel Macron, is a "shameless calculation for political bonus points"

West should engage in dialogue with Russia — US expert

In Peter Kuznick opinion, the world is on the verge of a most serious conflict while "NATO is conducting massive war games"

Russian forces destroy Ukrainian missile solid propellant workshop over past day

Russian troops gained better positions in the south Donetsk area over the past day, the ministry reported

Dutch MEP congratulates Putin on his inauguration

"Congratulations president Putin and congratulations people of Russia with your president," Marcel de Graaff from the Dutch party Forum for Democracy said

Russia to open embassy in Sierra Leone this year — Lavrov

Diplomatic relations between the two countries were established in January 1962

New round of talks in Cairo to be Israel’s last chance to return hostages — Hamas

The Israeli officials said on condition of anonymity that "indirect talks" on the draft ceasefire agreement are expected to begin in the Egyptian capital city on Tuesday evening

Five workers wounded during Ukrainian strike on oil storage facility in Lugansk

Leonid Pasechnik also said the strike "damaged power lines, disrupting electricity supplies to nearby houses"

Putin directs to scale up revenues of small technology companies

The share of domestic high-technology goods and services created on own development lines is set to grow by 1.5 times in the total volume of their consumption in the country by 2030 against the level in 2023

Russia hands over last RD-180 rocket engines to US under existing deal

The United States has received 122 RD-180 rocket engines over more than 20 years of cooperation

FSB declassifies Hitler aide’s testimony how Red Army rescued Allies in Ardennes in 1945

Hitler's former adjutant Otto Guensche was captured during the battle of Berlin in April-May 1945 and, while being kept in custody in an investigative prison in Moscow, presented a firsthand account of what was happening at Hitler's headquarters in the last months of the war

Belarusian president arrives in Moscow on working visit

Alexander Lukashenko will also attend the military parade in honor of the 79th anniversary of the Victory in World War II on Red Square on the morning of May 9 alongside other invited leaders

French Foreign Ministry denies France sent troops to Ukraine

Earlier, media reports said that France had sent 1,500 troops to Ukraine, citing a statement by former US Deputy Under Secretary of Defense Stephen Bryen

Putin wants number of foreign students in Russia to rise to 500,000 by 2030

According to the Russian Education and Science Ministry, more than 355,000 foreigners are currently studying in Russian universities

Russian space agency still in talks on launching two Luna-27 mission spacecraft

"The plans are the same - we are planning to launch," Roscosmos Director General Yury Borisov told

IN BRIEF: Unity, care for people, country-civilization: Putin’s inaugural speech

The atmosphere in society has changed, now "reliability, mutual responsibility, sincerity, decency, nobility and courage" are highly valued, the Russian leader stressed

Germany’s recalling ambassador to Russia another unfriendly step, diplomat says

According to Maria Zakharova, Berlin’s accusations of Moscow in the alleged ongoing cyberattacks were made in the "highly likely" style

Putin’s inauguration kicks off in Kremlin

The main event will be held at the Grand Kremlin Palace but parts of it will take place outside at Cathedral Square where the Kremlin Presidential Regiment will march following the ceremony

Ukraine loses several hundred servicemen near DPR’s Novopokrovskoye due to lack of defense

It is noted that any Ukrainian activity on this section of the front is immediately suppressed by Russia’s precise and coordinated actions

Pashinyan arrives in Moscow for summit, meeting with Putin

Nikol Pashinyan will chair the Supreme Eurasian Economic Council summit and then meet with Russian President Vladimir Putin

Ukrainian shelling leaves female civilian wounded in Gorlovka, mayor says

In addition, two of the city’s neighborhoods lost power

Aleksandar Vucic greets Chinese leader at Belgrade Airport

The ceremony on the occasion of the visit of the 400-strong Chinese delegation will take place at Palata Srbije

Kiev meddling in Russia’s domestic affairs by calling Putin’s presidency illegitimate

"It was another blatant attempt to interfere in the internal affairs of our country and it was definitely orchestrated by the West with the use of the Kiev regime as its tool," Maria Zakharova noted

Detention of US soldier in Russia’s Vladivostok has no relation to espionage — diplomats

Russian Foreign Ministry’s mission in Vladivostok that "not following the case of the US citizen closely"

Authorities of two Ukrainian regions report damage to critical infrastructure

In turn, head of the Kiev-backed regional administration of Zaporozhye, Ivan Fedorov, reported "some damage" in the area, also without details

Press review: Russia flexes nuclear muscle and Israel signals imminent offensive in Gaza

Top stories from the Russian press on Tuesday, May 7th

Macron’s aggressive rhetoric baffles even his allies — diplomat

"Very often France’s allies from the UK and Germany, as we understand, try to get clarifications as to what the French leadership means, without getting a direct answer," Maria Zakharova pointed out

Indonesian ambassador says Su-35 fighter jets contract remains in force

Indonesian Ambassador to Russia Jose Tavares said that around 30% of weapons in service with his country’s armed forces are Russian-made

Australian Navy’s destroyer, helicopter impede Chinese drills in Yellow Sea — top brass

The Australian side "calls black white and lays the blame on someone else" in its comment on the incident, Zhang Xiaogang noted

Russia to develop cooperation with North Korea in all possible areas — Kremlin

US State Department Spokesperson Matthew Miller said earlier that the US together with its partners would continue imposing sanctions for allegedly assisting weapons and petroleum products supplies between Russia and North Korea

Bolivian president wishes Putin success on path toward new world order

Luis Arce congratulated Vladimir Putin, who today took office as President of Russia for the fifth time

Russian lawmaker sees 'scare effect' in West as Russia prepares for nuclear drills

Vladimir Chizhov insisted that the drills do not mean "the Russian side is ready or intends to use these weapons immediately"

Serbian government adopts several documents on cooperation with China

"These documents cover such spheres as infrastructure, agriculture, information and communications, as well as tourism," the government said

Putin to participate in EAEU summit — his first international event of new term

A traditional friendly dinner for the heads of CIS delegations took place on Tuesday night

Russia wants no country to interfere in its election process — Kremlin spokesman

"We elect out parliament. We elect our president. We vote for the president or don’t want to vote for the president. And we insist that we have the right to do it the way we want to do it," Dmitry Peskov emphasized

Belarusian president sees aggravating military situation at western, southern borders

"Remarks of war and nuclear strikes can already be heard from certain figures," the Alexander Lukashenko said

French tired of supporting Ukraine — war correspondent

Christelle Nahan noted that people were tired of the fact that there was not enough money for the development of infrastructure, hospitals and schools, for pensions and benefits for children

Expert on inaugural speech: Putin proposes equal dialogue, West will hear these signals

It is stressed that Vladimir Putin proposes a certain general model, a certain general solution to the security system

Some countries reevaluating reliance on dollar over national security concerns — IMF

Meanwhile, "despite increased geopolitical risks, the latest data show that the US dollar remains dominant," Gita Gopinath noted

Cuban president hails Putin’s taking presidential office for another term

"March election demonstrated a record-breaking voter turnout," Miguel Diaz-Canel said

Aurus Merlon electric motorcycle available for pre-order — acting Deputy PM

The Aurus Merlon made its public debut at the inauguration of the Russian President

US concocting latest counter-offensive narrative to justify aid to Kiev — DPR head

Denis Pushilin stressed that Ukraine would not be able to launch a new counteroffensive before 2025

UN chief to send letter to Putin in connection with inauguration — spokesman

"A letter will be sent by the secretary general as he does whenever new head of state is inaugurated or reinaugurated," Stephane Dujarric said

NATO wants 'hot war' with Russia which may destroy US, Carlson says

According to the journalist, everything that Washington does shows that it wants this war

Putin signs decree setting Russia’s development goals for 2030

The decree is titled On the National Development Goals of the Russian Federation until 2030 and for a Longer Term until 2036

Arms supplies to Kiev unlikely to drastically change situation on battlefield — US expert

In Peter Kuznick opinion, despite Ukrainian President Vladimir Zelensky's assertions, "Ukraine is not going to drive every Russian soldier from the country"