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Global investment in oil industry in 2020 to fall by third, says Russian Energy Minister

Novak added that the Ministry does not rule out the possibility of a small deficit in the oil market in July due to increased economic activity in the world

MOSCOW, July 2. /TASS/. Global investments in the oil industry in 2020 amid a strong drop in oil demand will drop by one third, Russian Energy Minister Alexander Novak said on Thursday.

"In April, we saw a fall in demand by 25-28%. Of course, this seriously affected investments in the fuel and energy complex. They [investments], in my opinion, fell by about a third, will fall by a third this year," the minister said.

The decline in global demand led to an increase in oil reserves. "According to my estimates, the growth of reserves was about 1 bln barrels for this period," Novak said.

Novak added that the Ministry does not rule out the possibility of a small deficit in the oil market in July due to increased economic activity in the world. "I hope that in July the statistics will show that we have already reached a balance, and maybe even a deficit, given the ongoing restoration of quarantine measures in many countries," he said.

According to the minister, in May the supply of oil on the market exceeded demand by about 15 mln barrels per day. In June, this figure fell further due to increased demand.

Dollar grows to 92.19 rubles, euro declines to 98.49 rubles on Moscow Exchange

Yuan rate increased by 1.8 kopecks, to 12.67 rubles

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Iran calls on BRICS states to facilitate ceasefire in Gaza Strip

Iranian Deputy Foreign Minister Ali Bagheri Kani called for a complete withdrawal of Israeli troops from Gaza

All-Belarusian People's Assembly adopts new military doctrine, security concept

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First-ever South Korean citizen arrested for espionage in Russia

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Transfer of US ATACMS missiles to Ukraine cannot be justified — Russian ambassador

"Neither these missiles nor other weapons can help defeat the Russian Federation," Anatoly Antonov said

US nuclear facilities in Northern Europe to become targets in Russia-NATO clash — MFA

Maria Zakharova warned that if US nuclear weapons were deployed to Northern Europe, "the security of the countries hosting these weapons will by no means get stronger, but on the contrary be harmed"

Russian troops wipe out Ukrainian UAV production workshop over past day

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Fatah accuses Hamas of actions that led to Israeli control of Gaza — report

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Moscow slams NATO drills near Russian borders as inflammatory

"It is obvious that the upcoming combat training on the territory of Finland is part of a hybrid war against our country," Maria Zakharova said

Industrial Development Fund will get additional capitalization of 300 bln rubles — Putin

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Putin stays in daily contact with Sergey Shoigu, Kremlin spokesman says

Timur Ivanov was arrested by Moscow’s Basmanny Court

Senior Russian MP dubs pervasive gender reassignment in West 'human tragedy'

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Ukrainian army strikes own surrendering soldiers — POW

Andrey Babenko said that after a crash course in Britain he had been sent to the frontline near Liman

US incapable of replicating Cold War-era arms race — Valdai club expert

According to Dmitry Stefanovich, in order to prevent a new unbridled arms race, it is necessary to work on strategic stability as well as the sphere of arms control

Cosmonauts complete spacewalk two hours ahead of schedule

The cosmonauts fulfilled their tasks way faster than planned, spending four hours and 36 minutes in space

US government prepares to sign $6-bln contract for arms deliveries to Ukraine — Politico

According to the article, the United States "is putting the finishing touches" on one of its largest Ukraine military aid packages to date, which may be announced on Friday

Press review: US tries to strong-arm China and Zelensky's bid to bring men home

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Ukraine to cease to exist unless it enters into talks, Belarusian president warns

Alexander Lukashenko stressed that his Ukrainian counterpart Vladimir Zelensky should have realistic expectations

Russian cosmonauts begin first spacewalk in 2024

Oleg Kononenko and Nikolay Chub are expected to spend 6 hours and 52 minutes outside the orbital outpost

Serial production of missiles for S-500 air defense systems begins in Russia — source

State trials of S-500 are under way at a testing range in southern Russia

US shifted conflict in Europe onto EU, NATO shoulders to weaken Russia, says Lukashenko

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Kiev troops may strike targets in Crimea with ATACMS missiles — newspaper

The goal "is to put more pressure on Crimea," The New York Times said

Casualties reported after Ukrainian strike on residential house in Zaporozhye Region city

The rescuers are involved in efforts to clear the rubble of a five-story house on Kuibyshev Street

Ukrainian opposition demands parliament speaker's resignation over pro-Hitler remarks

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Bank of Russia keeps key rate to prevent inflation from being double-digit, Putin says

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There is confirmed evidence of his connections with French secret services

Ukraine could send special forces to capture Zaporozhye NPP — politician

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Swiss conference on Ukraine undermines European security — Russian diplomat

In Maxim Buyakevich words, neither the talks nor their outcome can change the existing political and territorial realities

Russia to retaliate immediately if Kiev gets ATACMS missiles — diplomat

Konstantin Gavrilov also noted that the "manic efforts" of some Western OSCE member countries to isolate Russia "are futile and will backfire on their initiators"

Russian international reserves up $2.5 bln in one week exceeding $603.2 bln — Central Bank

Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian government

Russian children’s commissioner holds first face-to-face talks with Ukrainian counterparts

Maria Lvova-Belova thanked Qatar for setting up a venue for dialogue between Russia and Ukraine regarding children’s interests

Around ten shopping malls in Moscow evacuated over bomb threats

Several malls have already been checked and have resumed routine operations

North Korea to take part in SPIEF — Embassy in Russia

The 27th St. Petersburg International Economic Forum will be held on June 5-8, 2024

Global community changing tune about how Ukraine conflict started — security official

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Network of international conspirators plotted Crocus terrorist attack — watchdog

Yury Chikhanchin pointed out that the perpetrators of the attack were provided with money, weapons, transportation and ammunition

Global community condemns use of terrorists in geopolitical struggle — Russian official

Russian Security Council Secretary Nikolay Patrushev noted that the heads of foreign delegations expressed sincere condolences to the Russian people over the casualties of the attack on a concert hall outside Moscow

Staff shortage cannot be covered by labor migration — Putin

Labor productivity requires a significant increase in all sectors of the economy, the President stressed

West views Europe as potential theater of military operations — Lukashenko

The number of operational and combat training activities in Poland and the Baltic states increases every year, the Belarusian President noted

Press review: NATO flexes muscles near Russian border and South China Sea runs hot

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US 'not forgetting' to help itself with aid to Ukraine — Kremlin

"In any case, whatever the modality of providing this aid, de facto it is about provoking Ukraine into further hostilities down to the last Ukrainian, putting guarantted money in the pockets of the US," Dmitry Peskov said

Detained deputy defense minister suspected of taking grand bribe of over $10,000

This charges carries a punishment of up to 15 years behind bars

Russia to hold next international security meeting in 2025 — top security official

The date and location will be announced later

Positive trends in Russian economy become stronger — Putin

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Russian Embassy to Austria denied participation in ceremony at Nazi concentration camp

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Russia needs to boost production of goods based on domestic technologies — Putin

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Situation at ZNPP remains unpredictable — International Atomic Energy Agency

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Venezuelan foreign ministry, Russian embassy hold joint conference in Caracas

The event brought together almost 200 diplomats, foreign ministry staffers and experts in international relations

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The Chinese Defense Ministry spokesperson stressed that "US steps are posing a major threat to security and stability of regional players"

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Houthis say they attacked MSC Darwin vessel in Gulf of Aden

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Over 3,100 foreign mercenaries fight for Ukraine, most of them from US

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US nukes in Poland to become target for Russia should confrontation with NATO occur — MFA

"The impression is that Warsaw is maniacally seeking to attract even more attention from military planners in the Russian General Staff," Maria Zakharova added

Russian court arrests in absentia four foreign agents charged with terrorism

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Andrey Marochko added that the Ukrainians have also intensified artillery and drone attacks at Russian positions

Russia’s national jurisdiction must be competitive for business — Putin

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Promotion of Russian brands gives good return — Putin

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Russian deputy defense minister detained on suspicion of bribe-taking

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Azerbaijan, Armenia have installed 20 border markers so far

Expert groups from the two countries continue their work

West bends sanctions rules when it suits them — Kremlin

Dmitry Peskov noted that, "according to some parameters, companies in Europe and other regions can hardly maintain their competitiveness if they completely abandon our products"

Crocus City Hall attack funded using cryptocurrency, Russian finance watchdog says

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West again tried to obstruct international security meeting in Russia — security official

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Russia ready to cooperate with all interested partners to ensure security — Putin

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ATACMS shipment proves ‘Zelensky’s formula’ needed in US as ‘smoke and mirrors’ — diplomat

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West prepares puppet structures in case of coup in Belarus — KGB

Ivan Tertel said various methods were being considered, up to "instigating a forceful seizure by illegal armed groups" being trained in the West and Ukraine

Dardanelles temporarily closed due to fire on board of dry cargo carrier

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Right to secession from USSR was ‘time bomb’ under its statehood — Putin

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North Korea tests multiple rocket launchers produced at new defense enterprise

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US effectively dooms Ukraine by its new decisions, Russian envoy says

"The American aid won’t save Zelensky. New weapons will be destroyed, and the special military operation goals will be achieved," Anatoly Antonov stressed

IAEA chief to have working contacts with Rosatom, no meeting with Putin is planned

Rafael Grossi may visit Russia in late May

Radioactive cloud from Ukraine’s eliminated munitions drifts to Europe — Security Council

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Houthi leader says group attacked more than 100 ships in Red, Arabian seas so far

Ansar Allah strikes one ship every two days, Abdul-Malik al-Houthi said

European Parliament urges EU states to regard Russian presidential vote as illegitimate

The resolution passed in a 493-11 vote, with 18 abstentions

Kremlin announces creation of blockchain-based payment system in BRICS

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White House alleges that Russia working on satellite carrying nuclear device

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TASS, SMI2 to launch positive content aggregator on Internet

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Musk concurs that civil war looming in West

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Israel Defense Forces delivers more strikes on Hezbollah infrastructure in Lebanon

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