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Moody's expects oil prices at $40-45 per barrel in 2021

At these prices, producers will strive to develop only the cheapest oil reserves in the next 3-5 years

MOSCOW, December 8. /TASS/. Price of Brent crude oil in 2021 will vary mainly within the range of $40-45 per barrel, Moody's rating agency forecast in its report. In the medium term, prices will be in the range of $45-65 per barrel, mainly at the lower border of this range.

At these prices, producers will strive to develop only the cheapest oil reserves in the next 3-5 years. To develop high-margin resources, companies need a price within $50-55 per barrel, the report said.

The agency also expects that oil and oil product reserves in the world will remain high and will decline at a slow pace. US shale oil producers have been drilling more actively against the backdrop of rising oil prices. But a noticeable acceleration in US production can be observed if WTI prices stay above $55 per barrel.

Moody's experts believe that after a weak 2020, the oil market will begin to recover in 2021. However, companies' EBITDA will still be below the 2019 level, by about 20%, and capital expenditures will be reduced.

EU summit calls to continue work on duties on Russian, Belarusian agricultural produce

The European Commission suggested introducing duties on agricultural products from Russia and Belarus earlier

EU leaders urge to adopt proposal on using incomes from frozen Russian assets for Ukraine

The EU, the US, Japan and Canada have frozen Russian assets worth a total amount of around $300 bln

Ukraine’s military loses positions near Avdeyevka, says DPR

Igor Kimakovsky said that Ukrainian forces suffered heavy casualties among personnel and military hardware, including Western equipment

Ukrainian nationalists in Mariupol used maternity hospital as their base — Lavrov

Earlier, Russian delegation presented evidence at a session of the UN Security Council that the maternity hospital in question had long been seized by the Azov battalion and other radicals and all expectant mothers and all nurses had been driven out of it

Protesters give Georgian government one hour to revoke foreign agents bill

Earlier on Wednesday, Georgia’s parliament passed the foreign agents bill in the first reading

China to act over possible US measures for alleged support of Russian defense sector

"China always opposes the illegal unilateral sanctions imposed by the United States and will continue to take necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises," Liu Pengyu said

Majority of France opposes confrontation with Russia — expert

Laurent Briard believes that French President Emmanuel Macron crossed a line when he announced he was considering sending French troops to Ukraine

Tajikistan sees no signs of drug smuggling from Afghanistan abating

"According to the UN Office on Drugs and Crime, opium poppy cultivation and opium production in Afghanistan has decreased by 95%, yet opioids, such as heroin and opium, as well as Afghan-made methamphetamine, are still flowing into Tajikistan," the official said

Iran done with retaliation, calls for efforts to stop Israel from reckless steps — MFA

According to the minister Hossein Amir-Abdollahian, in the event that Israel uses force against Tehran's interests, "the Islamic Republic of Iran will not hesitate to use its right to give an immediate and decisive response that will make them regret"

Colombian president displays interest in country’s entry into BRICS

Brazilian leader Luiz Inacio Lula da Silva welcomed Gustavo Petro’s initiative, "being committed to promotion of Colombia’s candidacy"

Iran to review nuclear doctrine in case of Israeli aggression — IRGC

Ahmad Haghtalab pointed out that the Iranian Army and other security forces protect Iranian nuclear facilities using the most advanced equipment, so "national nuclear centers are completely safe"

Iran intends to bolster military cooperation with Russia — envoy to Moscow

Kazem Jalali noted that Iran had demonstrated its ability to ensure security and nudge the region toward a de-escalation

Press review: US throws Russia New START curveball and Washington's aid balancing act

Top stories from the Russian press on Wednesday, April 17th

Ukrainian president admits Russian troops’ advancement

Vladimir Zelensky asked his country’s supporters to provide "everything that helps to hold the frontline," including shells, military vehicles and drones

Russia-China military-technical cooperation not directed against other states — diplomat

Cooperation between Moscow and Beijing in the military-technical sphere contributes to enhancing security of Russia and China and "is not directed against third countries," Maria Zakharova stressed

Over 40 nations want to join BRICS — Russian lawmaker

According to Grigory Karasin, many BRICS members share the opinion that the association should be in no hurry to adopt a strict charter, "seeing how counterproductively and even provocatively the European Union is acting"

Agents in Ukrainian, Poland foil attempt to kill Zelensky, security officials in Kiev say

The agency said it and the Office of the Prosecutor General of Ukraine informed their Polish counterparts about the alleged assassination attempt

Kiev lacks both troops and equipment near Chasov Yar in DPR, says retired general

Military commanders of Ukrainian army brigades "lack both personnel and the required amount of equipment" while Russian troops enjoy a considerable superiority, especially in artillery, Sergey Krivonos noted

Russian MFA says Russia won’t invade Ukraine, blames US for ‘aggressive plans’

Maria Zakharova said it was "absurd" to say Russia nurtured any aggressive plans about Ukraine

IMF estimates Kiev needs for this year at $42 bln — Managing Director

"The support for Ukraine remains steady. It is firm," Kristalina Georgieva noted

Russia can join top three countries by lithium reserves — governor

Infrastructure is required to implement the investment project, both power transmission lines and the railroad, Andrey Chibis noted

Ukraine turns from sovereign country into Western protectorate, Hungarian PM says

Viktor Orban noted that there should be a buffer zone between NATO and Russia and Ukraine could serve as one

Dubai airport to return to normal operations within 24 hours — CEO

Earlier reports said that the airport suspended temporarily inbound flights due to strong rains, while departures from the air harbor continued

MiG-31I fighters receive air refueling system

Another source said MiG-31I differs from previous MiG-K option by "different engines, avionics and missiles"

Ceasefire necessary for implementation of UN humanitarian resolution on Gaza — UN envoy

"The Israeli forces carry out strikes at humanitarian forces, block their access, slow down the cargo clearance," Vasily Nebenzya said

Russian diplomat challenges France to stop arming Kiev amid Olympic truce talk

According to Maria Zakharova, in order for Moscow to take Macron’s initiative seriously, "practical steps" are needed

Real effective exchange rate of ruble up 0.8% in March — Central Bank

The real effective ruble rate edged down by 0.3% against the dollar and dropped by 0.8% against the euro

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

Kiev continues to openly announce terrorist attacks on Russia — diplomat

Maria Zakharova also pointed to the fact that Ukraine's special services do not give up attempts to "massacre their former compatriots"

Russian, Israeli security chiefs discuss current escalation in Middle East

On the evening of April 13, Iran launched dozens of drones and missiles toward Israel in response to what it called "repeated crimes" from Tel Aviv, including the attack on the consular office of the Iranian Embassy in Damascus ascribed to Israel

Press TV reports all of Iran's hypersonic missiles hit intended targets in Israel

The report did not specify which facilities in Israel had been attacked with hypersonic missiles

Ukrainian drone attack damages four houses in Russia’s Voronezh

According to Governor Alexander Gusev, last night the air defenses on duty in the Voronezh Region detected and destroyed several air targets, including three weather probes

Ukraine fired at least 24 munitions at Belgorod Region over past day, governor says

According to Vyacheslav Gladkov, about five houses, a passenger car and an administrative building sustained damage

Hainan accounts for two out of top three cities for wellness tourism in China

Haikou tops the list, followed by Chongqing in southwest China and Sanya is in third place

US deploying missiles in Philippines to endanger global security — Russian envoy

Anatoly Antonov has urged the US "not to open Pandora's Box" and follow Russia’s suit "by taking all necessary steps to ensure global stability and predictability"

Throughput capacity of railroads to Subarctic ports to be 110 mln tons — governor

The area for the terminal to transship Belarusian potash fertilizers, where the capacity of the port of Lavna under construction and railroad approaches to it, have already been selected, Andrey Chibis noted

Kiev claims over 160 children believed to 'have been taken to Russia' found in Germany

Russian Presidential Commissioner for Children’s Rights Maria Lvova-Belova said that Ukraine and Western countries were doing everything in order to demonize Russia’s image

Germany fails to present evidence in case of espionage suspects — Russian embassy

The Russian embassy has called attempts to probe into the alleged involvement of Russian special services in the development of rumored plans for attacks on military facilities in Germany "absurd and ridiculous"

Russian forces destroy Ukrainian command post, two S-300 missile launchers over day

Russian forces improved their frontline positions and repelled a Ukrainian army counterattack in the Donetsk area where the enemy lost roughly 590 troops over the past day, the ministry reported

UN secretary general calls on international community to prevent escalation in Red Sea

Following the escalation of the conflict in the Gaza Strip, the Houthis said they would strike Israeli territory and prevent ships affiliated with that country from passing through the Red Sea and the Bab al-Mandab Strait until the operation in the Palestinian enclave ended

Tokyo potentially joining US nuclear missions fraught with danger — Russian diplomat

Maria Zakharova also highlighted Japanese Prime Minister Fumio Kishida’s recent US visit, adding that "it was yet again accompanied by anti-Russian outbursts"

Senior Russian diplomat warns West against aggressive statements about Russia

Sergey Ryabkov pointed out that the West "is ignoring elementary and, as a matter of fact, absolutely obvious principles," such as the idea that a nuclear power "can never be defeated"

Hungary’s top diplomat says will oppose any NATO move toward confrontation with Russia

Peter Szijjarto lamented that NATO allies had been demonstrating conflicting intentions, plans and proposals that may prompt them to "cross some lines that have until recently been regarded as red"

Investments in Subarctic region to be over $32.6 bln in next decade — governor

Murmansk authorities said earlier that the capacity of the port of Lavna under construction on the western coast of the Kola Bay is planned to be involved in transshipping export cargoes from Belarus

Crimea’s revenues rise to $1.12 bln over past ten years

Sergey Aksenov noted that the increase in budget revenues helped use a large amount of funds on the development of priority areas, including environmental protection, education, health care, and road construction

IAEA welcomes transfer of all Zaporozhye NPP units to cold shutdown

Agency pointed out that its experts stationed at the ZNPP reported hearing the sounds of artillery fire on Saturday morning at near distance or further away

Russian investigators start inquiry into financing of terrorism by US, NATO officials

Investigators have established that the funds that were received through commercial organizations, such as the oil and gas company Burisma Holdings operating in Ukraine, have been used to carry out terrorist acts in Russia and abroad

Press review: Iran fires back at Israel and Russia, West spar over AI rulebook

Top stories from the Russian press on Monday, April 15th

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

Olympic flame lit in Ancient Olympia, kicking off 2024 Paris Summer Games journey

The traditional event of lighting the Olympic flame was attended by Greek President Katerina Sakellaropoulou, President of the International Olympic Committee Thomas Bach, President of the Greek National Olympic Committee Spyros Capralos and other officials

Press review: Ukraine, Israel vie for EU’s attention and Georgia passes controversial bill

Top stories from the Russian press on Thursday, April 18th

HIV rate in Russia below 1%, expert says

Dmitry Kireyev noted that the rate of HIV-positive people was different across Russian regions, depending on the number of intravenous drug users

Use of frozen Russian assets to be discussed at meeting of G7 foreign ministers — source

The issue has been facing legal complications of confiscation of frozen Russian assets so far

UK imposes sanctions against leading Iranian military figures — Foreign Office

Restrictions have been imposed on Sayyed Javad Musavi, commercial director of the Shahid Hemmat Industrial Group (SHIG), which is responsible for the Iranian ballistics program

UN chief says UN headquarters not to be moved from New York

Russian officials have previously noted that the United States is abusing its obligations as a host country by denying visas to representatives or officials attending international events at UN sites

Investigation into Crocus terrorist attack underway, traces lead to Ukraine — diplomat

Maria Zakharova noted the need to "wait for official information from the investigation"

Gazprom CEO and Belarus’ Ambassador to Russia discussed Russian gas supplies — company

OJSC Gazprom Transgaz Belarus is a 100% subsidiary of PJSC Gazprom in the Republic of Belarus

Dubai Airport will be back to full operational capacity in 24 hours

Most airlines stopped canceling flights and were able to partially restore their regular flight schedule, the Chief Operating Officer noted

Over 1 mln Moscow residents vote online in mayoral election

More than 13% of the capital's residents have already participated in the online voting

Ukrainian military reportedly uses HIMARS rocket launcher to attack Gorlovka

Head of the Donetsk People’s Republic Denis Pushilin also said that an explosive device had detonated in the Kievsky District of Donetsk, injuring a man born in 1964

German MFA summons Russian ambassador after detention of espionage suspects — newspaper

Commenting on the men's arrest, German Interior Minister Nancy Faeser said: "Our security services have prevented possible explosions aimed at undermining our military assistance to Ukraine"

Putin points to high risk of new epidemic outbreaks

The Russian president pointed out that Moscow’s "program of assistance to the African countries in sanitary and epidemiological well-being provides for the delivery of ten mobile high-containment biological laboratories"

Court’s decision in Deripaska’s lawsuit against Western media comes into effect

The claimant's lawyer informed earlier that the court had sent the decision and all the necessary documents translated into English to the respondents

Russia, Iran maintain contacts on nuclear security - deputy foreign minister

Sergey Ryabkov said that "very soon, Russia and Iran will have new additional opportunities to discuss the situation in the Middle East in general, as well as details of what is going on there at this point"

Kremlin condemns 'illegal' seizure of villa from Russian businessman

Dmitry Peskov underscored that Moscow has already made its position clear on this matter

Microsoft not yet blocking its cloud products in Russia

Softline expects to get an update on access to the US corporation’s products shortly

MFA passes Federation Council appeal to West to condemn interference in Russian election

Alexander Lukashik stressed that the Russian Foreign Ministry translates these documents, if necessary, and uses diplomatic correspondence in unfriendly countries

Ukraine struggles to garner support for Swiss conference — Russian Foreign Ministry

"There are increasingly fewer people willing to discuss this subject with Kiev’s envoys, let alone going there," Rodion Miroshnik stressed

Nord Stream AG's refusal to pay compensation destroys Western insurance system — diplomat

"The West is not only taking state assets and private property, but also threatening to destroy the major civilian infrastructure facilities, which were built with investments and then miraculously blown up, and they have now threatened insurance," Maria Zakharova said

Hainan Expo visitors show interest in food products from Russia

Anastasia Rastorgueva, General Director of Altan, noted that the manufacturer of the Uslada confectionery products has already received commercial orders during the preparation stage of the exhibition

Russian stock indices rising on Friday

The MOEX Russia Index edged up by 0.49% to 3,456.24 points, the RTS Index surged by 0.27% to 1,165.53 points

Ukrainian president signs law tightening mobilization rules

According to Rada Deputy Speaker Alexander Korniyenko, some of the law’s provisions will take effect after its publication, while most of them will enter into force in a month

Russia will not 'shake up' relations with Argentina due to its partnership with NATO — MFA

According to Sergey Ryabkov, Russia and Argentina maintain a good dialogue at various levels

Russia expects Armenia to clarify 'military, political accords' with US, EU — diplomat

Maria Zakharova noted that Moscow would not be surprised if it turned out that the US and the EU had imposed their plans on Yerevan

Ukraine convicts 12th world chess champion for recognizing Donetsk, Lugansk republics

The two other State Duma members mentioned in the verdict alongside Karpov are Viktor Kazakov and Georgy Karlov

New IMF estimate for Russian GDP in 2025 appears pessimistic — Economy Ministry

The IMF revised upward its forecast for Russian GDP growth to 3.2% in its next report on global economic prospects

Kazakhstan to sign new agreement with Russia on border checkpoints

The previous intergovernmental agreement dated December 23, 1998 on checkpoints through the Kazakh-Russian state border will cease to have effect on the effective date of the new document

Founder of neo-Nazi cell in Crimea flees to Georgia — source

According to the official, the investigation established that Mikhail Maurov planned to travel to Ukraine to join the ranks of a right-wing Ukrainian organization called the Freedom of Russia Legion

West, Kiev indulge in nuclear blackmail by demanding control of ZNPP — Russian MFA

"Without noticing it themselves, they spoke the language of an ultimatum," Spokeswoman Maria Zakharova underlined

Crimea, Donbass to forever remain within Russia, Slovak PM tells national parliament

Robert Fico believes Moscow will win in its confrontation with Kiev

'Iron Dome' can't fully protect from UAV swarms — Chinese expert

According to Wei Dongxu, Tehran's firepower can cover most of the Middle East region, representing a fierce and precise long-range retaliatory means

North Korea rejects talks, summit with Japan — Kim Yo Jong

According to the official, Japan is trying to "question North Korea’s sovereignty using such wording as 'nuclear and rocket issues'"

Russia’s advanced radar in Kaliningrad to monitor entire territory of Europe — source

The first Konteiner radar went on combat duty in the Volga area region of Mordovia on December 1, 2019

Russian paratroopers seize Ukrainian stronghold on tanks, combat vehicles

Russian troops suffered no casualties, the Russian Defense Ministry reported

Russian forces pummel Ukrainian army, equipment in 133 areas over past day

Russian troops took better frontline positions in the Donetsk area over the past day, the ministry reported

Court arrests man accused of blowing up car of former SBU officer in Moscow

According to materials in the case, the accused man has a residence permit in Ukraine, where his wife lives, and Kyrgyz citizenship

Operational tactical group North HQ destroyed, DPR’s People’s Militia

The situation at the line of engagement in Donbass escalated on the morning of February 17.

Yerevan's refusal to delimit borders with Baku to escalate regional tensions — PM

Nikol Pashinyan pointed out that the demarcation process also involves risks, but they are manageable, after which "Armenia will become ten times stronger"

North Korean leader arrives at public event in Aurus luxury car gifted by Putin

On April 10, the vehicle was also spotted when the North Korean leader visited Kim Jong Il Military and Political Academy

Pipeline explodes in Kharkov Region

The exact location of the damaged pipeline or the causes of the incident is not reported

Russian potato exports soaring in Q1 2024

The regulator also noted the increase in agricultural animals export by 2.2 times as of the end of the first quarter of 2024

Krasnodar court orders suspect in slaying of mobilization official held until September 10

Sergey Denisenko is reportedly married with two dependent infants and two underage children, having no previous criminal record

Energy prices help US economy to develop better than Europe — IMF

It is reported that the US has benefited from more favorable conditions in terms of energy prices, something that has been quite a serious factor for Europe, not a positive factor for Europe

Water in Kurgan above dam, breaking records

More than 100 employees of the Russian Ministry of Emergencies are fencing the shores and filling the least reliable dam segments

EU plans to invest first profits from Russian assets in military aid to Kiev

"I think that the decision has been taken by the member-states - all 27 have agreed that we use the windfall profits following our proposal," Ursula von der Leyen said

Iran tells US about April 13 attack on Israel, it does not want escalation — top diplomat

Hossein Amir-Abdollahian added that prior to the attack, Tehran said that it would not target US military infrastructure in the Middle East "except in a situation where the United States wants to take military measures in support of Israel"

French, US, British nukes all interwoven — Russian diplomat

Maria Zakharova described France’s decision to place its aircraft carrier, the Charles de Gaulle, directly under NATO control as a symbolic move marking the end of "the era of an independent Paris in the international arena"

Putin may hold meeting of Council on Interethnic Relations on April 24 — Council’s member

The previous meeting of the Presidential Council on Interethnic Relations was held in May 2023

Shoigu visits presentation of over 30 promising weapons, including robotic vehicles

The Russian defense minister has given his instructions to speed up the introduction of promising weapons that have been tested in the special military operation zone into service with the Russian Army