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Oil prices may rise by 42% in 2021, forecasts IMF

In January, the fund predicted that oil prices will rise by more than 20% in 2021

WASHINGTON, April 6. /TASS/. Oil prices may rise by 41.7% in 2021 compared to 2020, the International Monetary Fund (IMF) said in a report published on Tuesday.

In January, the fund predicted that oil prices will rise by more than 20% in 2021.

The authors of the report noted, oil prices could reach $58.5 per barrel in 2021. At the same time, the forecast for 2025 is a drop in prices to $50.7 per barrel.

This is mainly due to a temporary tight supply and demand balance, expected this year in line with the International Energy Agency's forecasts of a steady decline in oil reserves, with oil demand (supply) projected at 96.4 mln barrels per day in 2021, the report said. Thus, according to forecasts, the average price of a barrel of oil will be $58.52 this year, and $54.83 per barrel next year. Last year it reached $41.29 per barrel.

The fund also noted that oil prices rose by 39% between August 2020 and February 2021, due to good news about vaccines and the rapid economic recovery in Asia.

Oil supplies to Hungary via Druzhba pipeline resume — top Hungarian diplomat

Reuters reported earlier that oil supplies to Belarus and EU countries via Druzhba had been suspended on December 19 due to technical problems

Oreshnik’s launch is sudden, undetectable by satellites — analyst

The range of the Oreshnik system is up to 5,500 kilometers

Ukraine’s General Staff admits tense situation along entire frontline

The Ukrainian military also admitted the Russian army’s supremacy in terms of military equipment and the size of personnel

West should consider Putin's words on Oreshnik missile duel — diplomat

Foreign Ministry Spokeswoman Maria Zakharova emphasized that the rhetoric about "inflicting a strategic defeat on Russia" is firmly rooted in the mentality of the NATO regimes not at all as hypothetical assumptions

Russian cancer vaccine to be free of charge — top oncologist

It is planned to launch it in general circulation in early 2025

Russia has confidence in its weapons, senior diplomat says

Russian Deputy Foreign Minister Sergey Ryabkov also stressed that the recent developments had shown that the US policy of establishing a system of increasingly layered missile defenses was wrong

Zelensky actually flips the bird to Trump by insulting Putin, Medvedev says

The politician emphasized that "the president of a major country should be extremely polite and amiable"

Baltic states threaten mass deportation of Russians, take lead in Russophobia — statement

The Foreign Ministry noted that the facts of discrimination and persecution of Russians are often ignored by the official leadership of countries and international human rights agencies, leading many victims to remain silent

Assad allegedly hands list of military targets over to Israel before leaving Syria — media

According to the Turkish newspaper, the former Syrian president did it to ensure his own safety

Four new Russian regions moving toward self-sufficiency at a rapid pace — Putin

According to the head of state, tax revenues have seen a consistent increase in absolute figures

BRICS is approaching G20 format, Brazilian foreign minister says

According to Mauro Vieira, during Brazil's BRICS chairmanship in 2025, the country's leadership plans to organize several important high-level meetings and events, including negotiations between foreign ministers and heads of state

Kremlin mum on reports about Slovakian prime minister's plans to visit Moscow

Serbian President Aleksandar Vucic said earlier that the Slovak prime minister intended to hold talks with Putin on December 23 amid Vladimir Zelensky's refusal to extend gas transit through Ukraine

Putin sends greetings on Russia’s Energy Industry Worker’s Day

Russian leader stressed that, thanks to their dedication, 'the industry is becoming more and more high-tech with every new year'

Magdeburg attacker may be charged with murder of 5, attempted murder of 205 — prosecutor

The motive for committing the crime could have been dissatisfaction with the treatment of Saudi refugees in Germany, Dr. Horst Nopens, Head of the Magdeburg Public Prosecutor’s office, said

Syrian armed groups to merge into one under auspices of the country's Defense Ministry

Ahmed al-Sharaa, the militant leader of the main group driving the Syrian armed opposition, met with the leaders of the armed groups and discussed with them the new format of the Syrian army

Putin agrees 'Russian world' now faces war

The Russian leader also agreed with Sergey Mironov, head of the "A Just Russia - For Truth" faction in the Duma, who said that "the birth rate is insufficient, because the matter concerns extinction"

Arkhangelsk nuclear submarine ready to join Russian Navy — Sevmash Shipyard CEO

Project 885M nuclear-powered submarines carry Oniks and Kalibr-PL cruise missiles as their basic strike weapons

Ukraine's refusal to transit Russian gas will hit EU economies hard — French expert

According to Jacques Sapir, the decision not to extend transit contracts was no surprise given the political landscape

Drone attack triggers fire at fuel infrastructure facility in Russia’s Oryol Region

Currently, the Oryol Region is yet again under a massive enemy UAV attack

Russia-US dialogue on Ukraine can be conducted on different platforms — senior diplomat

Everything depends on its content and the approach of the team of US President-elect Donald Trump are important, Russian Deputy Foreign Minister Sergey Ryabkov said

Russia manages situation in Ukraine, while West in big trouble — US political scientist

According to John Mearsheimer, Russia has become much stronger over the past two to three years because it has managed to become "a truly sovereign country"

Russia to retaliate against Ukrainian strikes, just as Putin said — Kremlin

"Russia’s position is well known, it was voiced by Putin back in St. Petersburg," Dmitry Peskov stressed

Magnitude 5.3 earthquake rocks South Africa

No injuries or damage were reported

Russia’s Battlegroup South liberates settlement of Ostrovskogo in DPR — Defense Ministry

"The enemy lost up to 285 troops, two armored combat vehicles, two motor vehicles, a D-30 122 mm howitzer, a US-made M119 105 mm howitzers and five field ammunition depots," the ministry added

IN BRIEF: What is known about drone attack on residential buildings in Kazan

TASS has gathered the main information about the incident

Latest nuclear-powered sub Arkhangelsk to join Russian Navy by yearend

The Arkhangelsk submarine was rolled out from the slipway of the Sevmash Shipyard on November 29, 2023 for completing its construction afloat

Ukraine loses over 300 troops, two Bradley vehicles in Kursk Region in past day

Eight motor vehicles and two electronic warfare stations were also destroyed? the ministy added

Civilian manufacturers ramp up drone production to 40,000 units per month

The Russian Defense Ministry has also purchased more than 100,000 units from small design bureaus and civilian manufacturers, the statement said

Civilian industrial complex supplies Russian army with over 65 types of units — top brass

Russian Defense Minister Andrey Belousov praised the new mechanisms for accelerating the introduction of advanced weapons and equipment developed by the civilian defense industrial complex in the interests of the Russian army

Russian missile cruiser Admiral Nakhimov to become world’s strongest warship after upgrade

The heavy nuclear-powered missile cruiser Admiral Nakhimov has been under repairs at the Sevmash Shipyard since 1999; real work on the warship has been carried out since 2013

Artyom military plant reportedly on fire after explosions in Kiev

The Artyom plant is known for producing air-to-air missiles, as well as equipment for aircraft

Russia’s international reserves up by $3.8 bln to $618.2 bln over week — Central Bank

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

CIA station in Kiev targeted in recent Russian attack, military expert reveals

According to Alexander Stepanov, strikes are systematic efforts to gradually wipe out the military capabilities of Ukraine

Putin responds to question about Russia's weakness by quoting Mark Twain

The president noted that Russia had become much stronger over the past two or three years as it became a truly sovereign country

Airborne troops from Russia’s Battlegroup Dnepr wipe out enemy position in Kherson region

A Russian airborne crew hit the target by firing a 120-mm mortar gun on a Ukrainian temporary position

Kiev to face more destruction after its UAV attack on Kazan, Putin warns

"We will not only restore the damage that some attempt to cause to us but will also move forward even at a faster pace as we are doing now," Russian President said

German chancellor exasperated by idea of spending frozen Russian assets to help Kiev

According to the Financial Times, the idea was promoted by the US and UK but resisted by Germany, France and Italy

US Navy cruiser mistakenly downs F/A-18 fighter over Red Sea

According to US Central Command, the incident occurred during airstrikes on Houthi facilities

What is known about Russia’s retaliatory strike on Ukraine after attack on Rostov Region

Kiev Mayor Vitaly Klitschko reported the fires in Solomensky and Shevchenkovsky districts

Two freight trains collide at Trans-Baikal Railways, traffic suspended

Both freight trains loaded with coal collided at the Bushulei-Zhireken railway section

Russian troops liberate two communities in Donbass area, Kharkov Region over past day

Russia’s Battlegroup Center inflicts 480 casualties on Ukrainian army over past day

Eight people killed in Israeli strikes on Gaza Strip — TV

According to Al Jazeera, Israeli forces shelled a residential building in Deir al-Balah and a downtown Khan Yunis

Yemen’s Houthis announce hypersonic missile strike at military facility near Tel Aviv

Israel’s Ynet media outlet reports that at least 30 people suffered injuries after a missile fired from Yemen fell in central Israel

Mother of missing US reporter thanks Putin for promising help in locating her son

During a "Direct Line" Q&A session combined with his annual press conference on Thursday, Putin clarified that he had not yet met with Assad after his arrival in Moscow but plans to speak with him

Syria's new authorities appoint Asaad Hassan al-Shibani as foreign minister

The SANA news agency said al-Shibani previously headed the political department of the National Salvation Government

Biden signs bill to fund US government until March 14, 2025

The US Senate and House of Representatives approved the bill a day before

Russia ready to normalize relations with US without detriment to its interests — Putin

The previous generation of Russian politicians chose the course towards the country’s destruction for the sake of joining the so-called civilized world but this was what the West wanted, President Vladimir Putin

Oreshnik test launch forces London to take a step back — Russian ambassador

According to Andrey Kelin, the UK’s official reaction to the launch of the Oreshnik missile was rather vague

Ukrainian shelling of Russia’s Rylsk damages 12 buildings — governor

Three of them are not subject to restoration, Alexander Khinshtein said

An-2 plane missing in Kamchatka located, survivors found — regional emergencies ministry

According to the press service of the regional Emergencies Ministry, all three people onboard the plane survived the emergency landing

Press review: South Korean president impeached as Ukraine turns to foreign mercenaries

Top stories from the Russian press on Monday, December 16th

Embassies of 12 countries closed in North Korea amid shortage of goods

All foreign personnel of international humanitarian organizations have also left, the Russian Embassy in Pyongyang said

Putin calls Oreshnik missile development ‘an historic event’ for space rocket industry

Russian President also said that he had handed down direct instructions to produce and test-fire the Oreshnik hypersonic missile

Trump appoints TV producer Burnett as special envoy to UK

The new special envoy will be in charge of trade and investment issues, as well as the cultural exchange between the two countries

Yemeni capital city subjected to massive airstrike - TV channel

According to the Al Hadath TV channel, at least three strikes hit Ansar Allah military facilities located in Sanaa, including rebel locations

Putin to extend New Year greetings to peoples of several unfriendly countries — Kremlin

The Russian president will not congratulate leaders of unfriendly countries, but he will congratulate some individuals and people of several ones, Kremlin Spokesman Dmitry Peskov said

Air raid alert issued in six Ukrainian regions

Earlier, an air raid alert was declared in the Kiev, Sumy and Chernigov Regions

Press review: Putin outlines Russia's future goals and Tehran faces energy blackout riots

Top stories from the Russian press on Friday, December 20th

Putin holding talks with visiting Slovak PM

According to Putin’s press secretary, the meeting is being held one-on-one

Houthis say attacked US aircraft carrier in Red Sea, shot down US fighter jet

According to the Houthi spokesman, the strike on US vessels was delivered with the use of "eight cruise missiles and 17 drones"

Syrian development help prevent regional war — Syria’s new leader

Ahmed аl-Sharaa expressed hope for building strategic relations with Lebanon

Possible arrival of new Russian envoy before Trump’s inauguration depends on US — diplomat

"However, since he is a very prominent and experienced diplomat, I think the host country should have no doubt that he will show a high level of professionalism and his efforts will aim to at least slightly improve bilateral relations," Russian Deputy Foreign Minister Sergey Ryabkov noted

Russian sleeper agents open up about secret trip to 2018 World Cup

The married couple, Artyom Dultsev and Anna Dultseva, returned home as a result of an exchange

Russian forces control more than half of Chasov Yar in DPR — expert

Andrey Marochko noted that Russian forces had "slightly advanced" in the northern and southern parts of Chasov Yar

Putin meets with Federation Council Speaker Matviyenko in Kremlin

The upper chamber of the parliament wrapped up its autumn session

Turkish president calls on West to stop Israel in Syria before it’s too late

"All international mechanisms need to be effectively employed in order to prevent Israel from exploiting the situation in Syria," Recep Tayyip Erdogan said

Kiev takes out its anger for military defeats on Russian people — diplomat

Foreign Ministry Spokeswoman Maria Zakharova also emphasized that Moscow is outraged by the hypocritical silence of the West and its media on the terrorist attacks in Russia

Almost 20 drones downed over four Russian regions, Black Sea last night

According to Russia's Defence Ministry, attempts to conduct attacks against facilities on Russian soil were thwarted

Putin suggests Zelensky may flee abroad, says Russia would take him in

"But he will be taken care of by those people whose interests he is serving now," the Russian leader said

Scholz, German Interior Minister booed during visit to terrorist attack site — newspaper

A protest broke out during the chancellor's and minister's visit, with demonstrators whistling and shouting "Get out!"

Proposal to duel with West response to claims of Oreshnik missile vulnerability — Kremlin

Kremlin Spokesman Dmitry Peskov noted that Russian President Vladimir Putin thus meant that the Oreshnik missile is a generation ahead of all existing weapons, while not being a nuclear weapon itself

Slovak PM to visit Moscow for talks with Putin, Serbian president says

"Robert Fico will travel to visit Putin as a European countries leader," Aleksandar Vucic said

Eight people killed in Israeli strike on school in Gaza Strip

According to the TV channel Al Jazeera, the refugees were housed at a school in the Al-Daraj neighborhood

Key rate, inflation and criticism of Central Bank: statements by regulator’s chief

The Bank of Russia has taken a pause in raising the key rate, though a long period of tough monetary policy will be required to bring inflation back to the target

Musk believes Germany’s Scholz should step down after car drives into crowd in Magdeburg

Meanwhile, Scholz will visit Magdeburg to assess the situation later on Saturday

Ukraine to halt Russian gas transit on January 1, 2025 — Ukrainian PM

The restart of transit via the Ukrainian gas transportation system is possible at a request of the European Commission if this is not Russian gas, Denis Shmygal said

Damage to Portuguese Embassy in Kiev caused by Ukrainian air defense — Russian diplomats

Reporters are ramping up Russophobia, distorting the facts while writing on this matter, the Russian Embassy in Portugal said

Trump wants NATO countries to increase defense spending to 5% of GDP — FT

The sources also told the Financial Times that Donald Trump intends to continue the military aid to Ukraine despite the statements he made during his presidential campaign

Series of explosions rock central Kiev — eyewitnesses

Earlier, Ukrainian media reported about explosions in the capital, and local authorities informed about the work of air defenses

Brazil unveils BRICS logo for 2025

The emblem is based on the kapok tree growing in the Amazon, painted in the colors of the national flags of the community's states

ISS orbit raised ahead of launching Soyuz manned spacecraft

As preliminary data suggest, the ISS orbit was raised by 2.3 km to 416.43 km above the Earth’s surface

Maximal costs of Nord Stream pipeline repair to be 633 mln euro

This figure is indicated in an internal report prepared by the company, which assesses prospects of gas pipeline use in the future

Ukrainian lawmaker slams Zelensky for trying to bribe Slovak PM

The lawmaker believes that the bribe money wasn’t meant to come from Russia’s frozen funds but Zelensky "could have brought it in a suitcase"

Three of eight drones that attacked Kazan targeted defense industry facilities — head

The Tatarstan head Rustam Minnikhanov also noted that all operational services worked well when dealing with the aftermath of the drone attack

Hungarian PM highlights need to lift sanctions on Russia once Ukraine conflict is resolved

Viktor Obran added, however, that only a couple of EU countries shared Hungary’s position

US confirms strikes on Houthi command posts in Yemen

CENTCOM forces also shot down several Houthi unmanned aerial vehicles and an anti-ship cruise missile over the Red Sea

Russian troops liberate 10 communities in Donbass region over week — top brass

Russia’s Battlegroup West inflicted more than 3,610 casualties on Ukrainian troops and destroyed six enemy ammunition depots in its area of responsibility over the week

Perm sub with Tsirkon hypersonic missiles to enter service with Russian Navy in 2026

Test launches of the Tsirkon missiles from the Project 885 Sverodvinsk submarine were conducted in the White Sea on October 4, 2022

Response to Ukrainian attack on Russia’s Rylsk to come shortly — Russia’s UN envoy

Vasily Nebenzya warned as he denounced the attack as yet another unambiguous step by the Kiev regime toward escalation

Ukrainian troops struggling to escape being trapped in Lozovaya in Kharkov region — expert

In general, "quite active hostilities" are taking place near Dvurechnaya and Lozovaya in the Kupyansk sector of the line of engagement, Andrey Marochko noted

Press review: Who benefits from Russian general's murder as Trump lacks Kremlin strategy

Top stories from the Russian press on Wednesday, December 18th

Russia to raise issue of Ukrainian strikes on Rylsk at UNSC meeting on Friday — diplomat

Acting Kursk Region Governor Alexander Khinshtein said earlier that the town of Rylsk, located some 120 kilometers west of Kursk, had come under Ukrainian fire

Putin opens new transport infrastructure sites in Russian regions via video link

Putin also took part in the ceremony of opening international airports in Magadan, Cheboksary, and Stavropol

Oil supplies to Hungary via Druzhba pipeline resume — top Hungarian diplomat

Reuters reported earlier that oil supplies to Belarus and EU countries via Druzhba had been suspended on December 19 due to technical problems

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

Russia to invite World War II allies to next year’s Victory Day parade

Russian Foreign Ministry Spokeswoman Maria Zakharova made the comment following a statement on the subject by Vladimir Putin

PREVIEW: Putin expected to unveil several transport facilities

According to Kremlin Spokesman Dmitry Peskov, Putin has several closed-door meetings slated for December 22

Strike on SBU control center response to Russian general’s assassination, expert says

The ministry clarified that Ukraine launched a missile strike against the Kamensky Integrated Plant in the Rostov Region using six US-made ATACMS missiles and four Storm Shadow cruise missiles

NATO prepares for war with Russia, Moscow takes these risks into account — senior diplomat

According to Alexander Grushko, NATO's general course poses a danger both to Russia and to the entire architecture of global and regional security

Aleppo taken by 350 militants while 30,000 gov’t troops retreated without fight — Putin

The Russian president recalled that no Russian land troops had been deployed to Syria, with Russia having only an airbase and a naval base

Mourhaf Abu Qasra becomes top Syrian defense official in transitional government — TV

According to Al Watan newspaper, Abu Qasra was the commander of the military wing of the Hayat Tahrir al-Sham movement