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Average oil price expected at $54.2 per barrel in 2021, says European Commission

The outlook considers crude production cuts by OPEC+ and non-OPEC+ states and the recovery of oil demand at the end of last year

© Alexey Andronov/TASS

BRUSSELS, February 11. /TASS/. The average oil price is expected at $54.2 per barrel in 2021 and $51.9 per barrel in 2022, according to the European Commission’s winter forecast released on Thursday.

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Global oil supply to go up by 1 mln barrels per day in 2021, says IEA

The outlook considers crude production cuts by OPEC+ and non-OPEC+ states and the oil demand recovery at the end of 2020, the EC noted.

"Oil prices have been rising since November 2020 reflecting sharp production cuts by OPEC+, compounded by a reduction of output by other producers, weakening USD, and, recently, the surprise announcement by Saudi Arabia to cut production by an additional 1 million barrels/day in February and March 2021. At the same time, inventories have fallen and demand for oil has recovered somewhat at the end of 2020, though remaining subdued compared to 2019 levels. Against this backdrop, market expectations of oil prices now average USD 54.2 per barrel in 2021 and USD 51.9 per barrel in 2022," according to the forecast.

Putin notes impressive trade turnover between Russia, Kazakhstan

President reiterated that Moscow and Astana have actively supported Eurasian economic integration and were among the founders of the Eurasian Economic Union

No int’l restrictions on deployment of Oreshnik systems — senior Russian diplomat

When asked if the 1998 Russian-US memorandum of understanding on notifications of missile launches remained in effect, Sergey Ryabkov answered in the affirmative

Anglo-Saxon special services involved in Nord Stream blasts, SVR chief says

Sergey Naryshkin recalled that Nord Stream was a joint Russian-European project "aimed at ensuring the uninterrupted supply of inexpensive Russian gas to Europe"

Israeli-Lebanese ceasefire deal enters force — newspaper

According to Al Nahar, the Lebanese government will undertake the commitment to act against illegal armed groups on its territory and to curb their ability to arm themselves through arms trafficking and illegal production of weapons

Putin publishes article on Russian-Kazakh relations ahead of visit to Astana

Simultaneously, Russia’s Izvestia newspaper published an article by Kazakh President Kassym-Jomart Tokayev

Ottawa Convention’s secretariat views transfer of antipersonnel mines to Kiev as violation

Receipt of a prohibited weapon would be a direct violation of the treaty by a State Party, the convention’s Secretariat said

Proposal to give Kiev nuclear arms highly extremist — Kremlin

Dmitry Peskov noted that this is an absolutely irresponsible line of reasoning from those with a poor grasp of reality

Trump focused on solution to Ukrainian conflict — national security adviser

Mike Waltz compared the scope of the tragedy to World War One, describing it as "trench warfare" with hundreds of thousands of victims

Oreshnik becomes serious problem for Ukraine — Polish general

According to Waldemar Skrzypczak, satellite reconnaissance failed to detect the launch and flight of this missile

France, UK will have to pay for their helping Ukraine strike inside Russia — diplomat

Russia’s Permanent Representative to the Vienna-based international organizations Mikhail Ulyanov said that what has been done by the White House is very dangerous

West seeks to destabilize global order, Russia’s intelligence chief says

"Euro-Atlantic elites are trying to convince the rest of the world that the only alternative to Western power is chaos, and for this purpose, they deliberately seek destabilization in key regions of the planet," Sergey Naryshkin said

Emergence of new weapons changed canons of war, Medvedev says

According to Russian security council deputy chairman, this primarily concerns drones

Launch of Oreshnik caused no negative reaction from Central Asia — Russian MFA

Alexander Sternik noted that Moscow was closely watching how relations among NATO, the European Union and the states directly adjacent to Russian territory were developing

Ukrainian front collapsing due to lack of willing soldiers, Russian offensive — magazine

Additionally, Ukraine "does not have enough weapons, munitions or hardware," the news outlet said

Press review: Israel approves US ceasefire agreement and Georgia's new parliament convenes

Top stories from the Russian press on Tuesday, November 26th

Kiev troops attempted to kill British mercenary who surrendered to Russians — officer

In his words, they fired conventional 120mm mortar rounds, silent munitions and at least one FPV drone with a fragmentation charge

Russian forces strike Ukrainian drone control centers near ZNPP

According to Vladimir Rogov, the ZNPP personnel continues working routinely

Lebanon to regain control over its territory within 60 days — Biden

According to the US President, civilians on both sides will soon be able to safely return to their communities

Zelensky shook up by Russia’s response to permission to attack it — Lavrov

According to the Russian foreign minister, the West is directly involved in the use of long-range weapons against Russia, as not a single missile could be launched without its involvement

Ukraine requests UN Security Council meeting on November 27 — Russian mission

According to Dmitry Polyansky, "the Kiev regime keeps fighting windmills and does not abandon attempts to persuade the world community this struggle is very serious"

NATO pledges to continue supporting Ukraine following Russia’s launch of Oreshnik missile

NATO said in the statement that Russia’s deployment of the missile called the Oreshnik will not change the course of the conflict

Iran challenges US, UK, France military capabilities, IRGC general says

"The entire military potential of the US, UK, and France was mobilized to prevent Iran's operation, but the IRGC completed its mission," Ali Fadavi said

Russia’s top diplomat says ‘still a long way to go’ to diplomatic solution in Ukraine

According to Sergey Lavrov, 'carrying out strikes deep inside Russian territory contributed to this escalation'

British mercenary taken into custody and Ukraine's losses: situation in Kursk Region

The Ukrainian armed forces lost over 250 troops, four tanks, four infantry fighting vehicles, three armored combat vehicles, eight motor vehicles and two mortars in the past day

Public tribunal releases more testimonies exposing Kiev forces' atrocities in Selidovo

According to the report, Ukrainian forces are known to have killed at least a hundred civilians

US sanctions against Gazprombank leading to energy price growth in Europe — investor

The new round of US sanctions has become the most notable lately "but generally not critical for the Russian financial system, which has already passed through much worse time," Kyle Shostak said

Retreating Ukrainian troops leave dozens of bodies behind in Chasov Yar

According to the sources, some of these makeshift morgues were destroyed by retreating Ukrainian troops

Lithuania open to sending European troops to Ukraine — foreign minister

"It may become necessary for European soldiers to be deployed on Ukrainian soil, and Lithuania is always ready to consider such options," Gabrielius Landsbergis stated

Russia designs Titan rifle for commandos

The rifle is reliable with precise and dense fire

US no longer objects to use of S-400 air defense systems by Turkey, Defense Minister says

According to the Pentagon, these missile air defense systems could help revealing certain specifications of jet fighters and thus negatively affect their combat capabilities

Key energy facility in Ternopol Region almost completely destroyed

Vyacheslav Negoda noted that a power shortage will remain in the region for a long time

Putin invites Kazakh president to attend 80th VE Day celebrations in Moscow

He mentioned Tokayev’s participation in the BRICS summit in Russia’s Volga area city of Kazan

West wants to use Kalinousky Regiment to destabilize Belarus — Russian intelligence chief

Sergey Naryshkin pointed out that now this nationalist group was fighting together with the Ukrainian army along with the Russian Volunteer Corps (recognized in Russia as a terrorist organization) and the Georgian Legion (the paramilitary group Georgian National Legion is blacklisted as terrorist and banned in Russia)

Ukraine supplies terrorists in Mali with white phosphorus munitions — website

The news portal pointed out that its source was an anti-government militiaman captured in the southern part of the country by the national armed forces

Lebanese premier approves roadmap for ceasefire with Israel

The implementation of the agreement will help to bring stability to the region, Najib Mikati said

British military instructor captured, Ukrainian losses: situation in Kursk Region

In total, the enemy has lost more than 35,510 troops since the fighting began in the region

Trump considers direct negotiations with North Korea’s Kim Jong Un — Reuters

According to the report, his team believes that this step could reduce the risk of an armed conflict

Mideast situation keeps deteriorating due to Israel’s aggressive policies — Lavrov

In his words, Israel’s desire to ensure its security at the expense of the security of others, while benefiting from the unwavering support it gets from the United States, leads nowhere

Russian forces entrap Ukrainian troops near Svatovo in LPR — military expert

Ill-thought-out command and control of Ukrainian troops has demoralized enemy forces and increased the number of desertions among its personnel in that frontline area, Andrey Marochko said

Russian diplomat doesn’t rule out missile deployment in Asia as response to US’ actions

Sergey Ryabkov warned Russia’s adversaries against settling into a "false sense of security"

Russia’s Medvedev warns Europe could face 'catastrophic damage' from Oreshnik missile

The Russian Security Council deputy chairman also commented on Vladimir Zelensky’s "resilience plan"

US gives Ukrainian servicemen guidance on selecting targets for ATACMS — White House

The Ukrainian servicemen "are able to use ATACMS to defend themselves on an immediate need basis," National Security Council spokesman John Kirby said

Serbian film director Kusturica announces plans to get Russian citizenship

"But I’m already Russian," Emir Kusturica said

Moscow concerned with outgoing US President Biden’s escalation strategy — Kremlin

Dmitry Peskov’s statement comes in the wake of US National Security Council Spokesman John Kirby who said earlier that the American administration had provided the Ukrainian armed forces with instructions on selecting targets for strikes using American ATACMS tactical ballistic missiles

Europe bracing for influx of Ukrainian troops after conflict is over — agency

According to the agency, the European intelligence community is preparing for potential threats, namely the possibility of Ukrainian troops flooding the continent and arms trafficking

NATO spies study damage from Oreshnik at Yuzhmash — expert

Alexander Stepanov emphasized that both Kiev and its Western allies are closely scrutinizing the consequences of the strike on the plant

Trump’s team, Biden administration sign memorandum of understanding

This engagement allows to begin critical preparations for transition of power

Russia may soon push Kiev troops out of Kursk Region — Ukrainian battalion commander

It is noted that Russia has about three times as many men as the Ukrainians in the Kursk Region and six times as many explosive drones

EU Commissioner for Justice calls on members states to step up assistance to Ukraine

Didier Reynders stressed that EU countries provided Ukraine with 45.5 billion euros for military needs and supplied "a wide variety of arms" from their stockpiles, including F-16 aircraft

Ukrainian officer says 90% of fellow servicemen have no desire to fight

According to Vyacheslav Khomenko, soldiers in his platoon don’t have required combat experience

PREVIEW: Putin to begin state visit to Kazakhstan

He is expected to discuss various cooperation aspects and take part in the summit of the Collective Security Treaty Organization

Putin has high hopes for cancer vaccine being developed in Russia

Head of the Federal Medical-Biological Agency Veronika Skvortskova briefed the Russian President on the vaccine's development

Pentagon not yet assessed damage caused by use of Russia’s newest Oreshnik missile

"When we have more to provide, we will," Deputy Press Secretary Sabrina Singh said

Kremlin explains why Oreshnik missile came as surprise

"I am sure that neither of us is even aware right now of any new future developments," Dmitry Peskov said

Iran ready to escort foreign ships in Red Sea — navy commander

According to Admiral Shakhram Irani, Iranian military ships always escort the republic’s trade vessels at sea, not because of concerns that the Houthis may attack them, but to protect them from pirates

PREVIEW: Russia to hand over BRICS presidency to Brazil

The meeting in Yekaterinburg will provide an opportunity to sum up the results of Russia’s presidency and outline future plans

Russian Agriculture Ministry weighs idea of growing bananas domestically

Oksana Lut highlighted the export potential of agricultural products, given that certain parts of the world do not have a climate conducive to growing things

Ukraine launches second strike on Novaya Kakhovka after emergency services arrive

According to Governor Vladimir Saldo, two vehicles have been damaged

No existing missile defense system can counter Oreshnik — US expert

Theodore Postol also vehemently rejected suggestions that the Oreshnik system represents previous outdated developments of Moscow

Ceasefire deal does not envisage US military presence in Lebanon’s south — Biden

A high-ranking US administration official confirmed the information at a special briefing, adding that Washington will provide military support to Lebanon’s armed forces

UK ambassador to Russia gets note of protest over false info on embassy’s officer

According to the Russian Foreign Ministry, "Wilkes Pryor, deliberately stated false information about himself as he was seeking a permission to enter our country"

Ukraine is a failed state, Russian foreign intelligence chief says

Sergey Naryshkin stressed that Moldova is "following in its footsteps"

US base in Syria’s Dei ez-Zor governorate comes under missile attack — TV

No further details were provided

Zaluzhny, not Zelensky, would become president if Ukraine held election today — poll

According to the survey, 27% of respondents would vote for Valery Zaluzhny, while only 16% said they would stick with Vladimir Zelensky

Israeli warplanes deliver seven powerful strikes on Beirut’s southern suburbs

Air raid warnings were issued for the Dahieh neighborhood in the south and the Bachoura district in the heart of the capital

UK Foreign Office warns about response to ‘baseless’ expulsion of its diplomat

A spokesman for the UK Prime Minister Keir Starmer also said that London refutes the allegations against a British diplomat

Russian troops liberate Kopanki community in Kharkov Region over past day

Russia’s Battlegroup West inflicted roughly 440 casualties on Ukrainian troops and destroyed three enemy ammunition depots

Donbass was in danger of genocide from Ukraine, Serbian expert says

Dr. Predrag Ceranic pointed out that in Republika Srpska, everyone understands very well that Russia was compelled "to make this move in order to protect its people in Donbass"

Moscow to respond promptly if London inflates British diplomat’s expulsion issue

British Ambassador to Moscow Nigel Casey was summoned earlier in the day by the Russian Foreign Ministry, where he was handed a note of protest

Defense contractor delivers new batch of Su-34 bombers to Russia’s Aerospace Forces

The new fighter-bombers have undergone necessary testing and have been sent to the places of their operation, Vadim Badekha noted

Israel’s national security minister calls ceasefire in Lebanon ‘historic mistake’

Itamar Ben-Gvir said that the agreement fails to fulfill the goal of this war - the safe return of northern dwellers to their homes

Moscow, Astana working to expand branch of North-South route via Kazakhstan — Putin

The list of parties to the agreement expanded to 14

Kiev failed to inform Ottawa Convention signatories about its plans to violate it

The Ukrainian delegation has not yet informed on this development, the convention’s Secretariat said

Russia, Saudi Arabia and Iraq discuss oil market, compensations

Participants in the meeting highlighted importance of keeping stability and balance in global oil markets

Potential handover of nuclear arms by US to Kiev ‘act of treason’ — US congresswoman

Marjorie Taylor Greene suggested that the Biden administration is "trying to start a nuclear war and use it as the reason to stop the transfer of power to Donald Trump"

Two Ukrainian infantry groups eliminated near Velikaya Novosyolka in Donbass region

Another enemy group was destroyed several hours later

US needs Ukraine's rare earth metals, including lithium — Lavrov

The Russian foreign minister noted that American companies had already bought up most of the fertile land

Putin notes impressive trade turnover between Russia, Kazakhstan

President reiterated that Moscow and Astana have actively supported Eurasian economic integration and were among the founders of the Eurasian Economic Union

Intel chief calls on West to embrace Putin's vision for resolving Ukraine conflict

"The sooner Western capitals realize [the need to accept] the Russian president’s conditions for a peace agreement and talks, the better it will be for Ukraine, Europe and Russia, too," Sergey Naryshkin noted

Kremlin confident Putin’s warning about strikes inside Russia was well heard in West

According to Dmitry Peskov, the position of the Russian Federation was outlined quite clearly by President Vladimir Putin

Austria ready to host Ukraine talks — chancellor

According to reports, US president-elect Donald Trump mentioned Nehammer's meeting with Russian President Vladimir Putin, which took place shortly after the start of the special military operation in Ukraine

US, other countries to step up effort for ceasefire in Gaza

In Joe Biden's words, a truce will be possible with the release of hostages and on the condition that Hamas members will not be allowed to participate in the post-conflict government

France, UK may deploy troops to Ukraine following ceasefire — expert

According to Elie Tenenbaum, European countries may send troops to east Ukraine to ensure the observation of a ceasefire regime and guarantee Kiev’s security

Talk of halting Ukraine conflict related to Russia’s initiative on battlefield — SVR

Sergey Naryshkin added that the Western capitals "stopped thinking about strategically defeating Russia and shifted to thinking about how to avoid such a defeat themselves"

Citizens of Poland, Germany, Italy apply for residence permit in Lugansk Republic

The decisions will be made in response to these applications in the near future

British mercenary claims he was sent to Russia’s Kursk Region against his will

The captive explained that he had served as a private in a battalion for four months

NATO disregards all etiquette in discussing possible preemptive strikes on Russia — Lavrov

NATO Military Committee Chairman Rob Bauer earlier called for producing more weapons for precision strikes inside Russia in case a conflict broke out

Biden team may escalate global tensions to highest level, FSB chief warns

According to Alexander Bortnikov, the United States, the United Kingdom, and their allies will continue trying "to blatantly interfere in allied relations within the CIS, hinder integration processes, and undermine our joint efforts to ensure security and stability across the Commonwealth"

Israeli warplanes strike checkpoints on Syrian-Lebanese border — SANA

Information about potential damage or casualties is now being verified

US continues to plunder Afghanistan with impunity, says Shoigu

"In my opinion, the United States should invest in the reconstruction of Afghanistan after everything it has done and abandoned there," the top security official emphasized

Blinken says hopes US support for Ukraine will continue under Trump

According to the US secretary of state, the administration of outgoing US President Joe Biden is determined "to do everything possible to ensure that Ukraine has what it needs" to fight through 2025

Kiev has ‘no chance’ of retaking lost territories — Blackwater founder

Erik Prince noted that it was necessary to end the Ukrainian conflict as soon as possible

Press review: Russia to mass-produce Oreshnik missiles and EU gas prices reach record high

Top stories from the Russian press on Monday, November 25th

FACTBOX: Overview of Ukraine's ATACMS strikes on Kursk Region

The Ukrainian armed forces have delivered two strikes using Western-made long-range missiles on sites in the Kursk Region over the past three days

Majority of Americans oppose further military support for Ukraine, poll shows

The poll, conducted on November 19-22, involved over 2,200 Americans

Russia rejects Korean scenario for freezing Ukraine conflict — foreign intel chief

Sergey Naryshkin recalled that the only way to ensure peace is to eliminate the root causes that triggered the Ukrainian conflict

UN secretary-general welcomes ceasefire between Israel, Lebanon

Antonio Guterres also urged the parties to undertake immediate steps towards the full implementation of Security Council resolution 1701

Ukrainian forces attempt to assassinate Novaya Kakhovka head, his deputy with drones

Ukraine tracked two service cars and dropped munitions on them after the vehicles approached the administration building

Preparation of Russia’s energy strategy until 2050 is in its final stage — PM Mishustin

The prime minister emphasized that increasing the energy and resource efficiency of the Russian economy is of paramount importance for the further sustainable development of the country

Russian military engaged in tough battles with Ukrainians in Kharkov Region — official

"Our forces continue their coordinated efforts to liberate the Kharkov Region from the enemy," Vitaly Ganchev said

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

According to the Russian foreign minister, this represents the "confrontational logic" of the West