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IEA expects record oil supply in 2024

OPEC+ supply is expected to hold broadly steady on last year, assuming extra voluntary cuts that started this month are phased out gradually in 2Q24

MOSCOW, January 18. /TASS/. World oil supply is forecast to rise to a new high of 103.5 mln barrels per day in 2024, fueled by record-setting output from the US, Brazil, Guyana and Canada, the IEA (International Energy Agency) said in its January Oil Market Report.

Non-OPEC+ production will dominate growth this year, accounting for close to 1.5 mln barrels per day, the agency said.

OPEC+ supply is expected to hold broadly steady on last year, assuming extra voluntary cuts that started this month are phased out gradually in 2Q24.

"While OPEC+ supply management policies may tip the oil market into a small deficit at the start of the year, strong growth from non-OPEC+ producers could lead to a substantial surplus if the OPEC+ group’s extra voluntary cuts are unwound in 2Q24," the agency’s experts said.

Global oil supply is expected to decline in January as a blast of cold weather sweeping through the United States and Canada takes a toll on oil operations, the IEA stressed.

Share of foreign investments in Russian federal bonds down to 6.2% in October

The nominal volume of federal loan bonds held by nonresidents totaled 1.293 trillion rubles ($12.2 bln), while the total market volume is 20.76 trillion rubles ($196.5 bln), the regulator said

Fire at Tupras oil refinery extinguished

No one was injured in the fire, the company said in a press release

Rome plans to arrange Ukraine conference with Russia's participation

Ukrainian Foreign Minister Andrey Sibiga is set to attend the G7 foreign ministers' meeting on November 26, marking the end of Italy’s presidency of the informal group

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

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

Ukraine abandons Selidovo, laying mines in wells — security services

The Ukrainian armed forces used various modified Western-made mines and improvised explosive devices during the process

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

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"

No shelling attacks recorded in DPR for first time this year

A spokesperson for the Joint Center for Control and Coordination of Issues Related to Ukrainian War Crimes (JCCC), in turn, told TASS that the last day when no shelling attacks were reported in the region was in 2023

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

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

Scholz vows to continue supporting Ukraine following his chancellor nomination

The German chancellor listed supporting Ukraine at the top of his priorities should the SPD win and form a government

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

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"

Kiev forces lose over 450 troops in Battlegroup Center responsibility area in one day

According to the Russian Defense Ministry, the enemy lost more than 450 servicemen, a tank, five vehicles, a 203-mm self-propelled gun Pion, a 152-mm howitzer Msta-B, 2 152-mm guns D-20 and 2 122-mm howitzers D-30

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

Potential deployment of intermediate-range missiles depends on US moves — Russian diplomat

Sergey Ryabkov stressed that "any escalation scenarios, if they start to materialize, will be a direct consequence of the reckless" and "inhumane policy that is pursued by Washington and leading European countries"

Russian forces pound Ukrainian military airfields, energy sites over day — top brass

It is specified that the Ukrainian army’s losses in the area of responsibility of Russia’s Battlegroup North in the Kharkov Region over the past 24 hours amounted to 30 personnel, two armored combat vehicles and four motor vehicles

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

No one wins in trade war, says Chinese embassy in US

Earlier, Trump promised to impose an additional 10% tariff on all goods from China due to the alleged large-scale drug smuggling from China into the US

Top Indian defense official to visit Moscow, Kaliningrad on December 8-10 — source

Rajnath Singh will participate in the flag-raising ceremony of the Project 11356 frigate and its transfer to the Indian Navy," the source said

Meeting of CIS intel, security chiefs kicks off in Moscow

Apart from Russia, delegations from Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan are expected to take part in the meeting

Emergence of new weapons changed canons of war, Medvedev says

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

Trump promises to impose 10% tariffs on goods from China, allegedly due to drug smuggling

"The Chinese authorities promised to take action to ensure the end of drug trafficking, but, as the president-elect has said, they never did and the flow of Chinese drugs continues in unprecedented amounts," US president-elect said

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

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

Zelensky begs ‘for his country to be flattened’ — US journalist

"Ukraine should be forever grateful that President Putin is calm, rational and kind - because Zelensky is practically begging for his country to be flattened," American political commentator Jackson Hinkle said

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

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"

Lebanon wary of reports of potential ceasefire with Israel

Beirut is cautious for now because it is dealing with Israeli Prime Minister Benjamin Netanyahu "and all previous deals with him have failed," Lebanese Parliament Deputy Speaker Elias Bou Saab pointed out

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

Trump promises to impose 25% tariff on all goods from Mexico, Canada

Mexico and Canada have every right and opportunity to easily resolve this long-standing problem, US president-elect said

Russia gave OPCW over 30 reports proving Ukraine used banned substances, official says

Kirill Lysogorsky noted that "the Kiev regime continues to systematically use toxic chemicals and chemical riot control agents"

Ukraine is a failed state, Russian foreign intelligence chief says

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

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

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

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

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

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

North Korea dismantles power lines in Kaesong on border with South Korea

The South Korean servicemen speculate that the transmission line supports, which have been out of service since June 2020 when the power supply was cut after the bombing of the inter-Korean liaison office in Kaesong, will also be dismantled soon

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"

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

Top Israeli defense official announces construction of fence on border with Jordan

"We are going to do it very quickly," Israel Katz said

Denmark, its neighbors hold talks with China about damaged cables under Baltic Sea-report

The Chinese ship is currently anchored in international waters in the middle of the Kattegat Strait off the Bjare Peninsula

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

Fire breaks out in Japan during test of Epsilon S rocket engine

There were no casualties as a result of the incident, Chief Cabinet Secretary Yoshimasa Hayashi said

Current rules to prevent Europe from winning 'future arms battle,' French admiral warns

According to the media outlet, the French admiral expects next year’s NATO summit in The Hague to send a message to the European Union: "If you want to stay in the arms race, change your rules"

Russia to develop bilateral cooperation with Afghanistan — Shoigu

He pointed out that to this end, Russia will continue to support Kabul's integration into regional structures and associations

Europe's 'hotheads' for sending troops to Ukraine, but there is no unity — Kremlin

"Earlier, of course, such ideas were heard from different European capitals, but various counterarguments were also voiced not in favor of this idea," Dmitry Peskov noted

'Western vector' leaves Ukraine poorest country in Europe — politician

Ukrainians have never seen the promised freedom, Viktor Medvedchuk noted

US Justice Department drops federal cases against Trump — transition team

"Today's decision by the Department of Justice ends the unconstitutional federal cases against President Trump, and is a major victory for the rule of law," Steven Cheung, Communications Director of the polician’s transition team, said

Ukrainian army mercenaries from Colombia linked to US-controlled drug cartels — expert

Commenting on the motivation of Colombian fighters to join the hostilities in Ukraine, Alexander Stepanov explained that it is linked to the situation in the South American drug trafficking market

UK delivered dozens of Storm Shadow missiles to Kiev weeks ago — news agency

Bloomberg pointed out that the missiles were sent before the US and UK authorization to use long-range precision-guided weapons to launch strikes from Ukrainian territory deep into Russia

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

Russia designs Titan rifle for commandos

The rifle is reliable with precise and dense fire

Kremlin spokesman advises those fearing nuclear escalation to review Russia’s doctrine

"You should listen to President Putin’s statements attentively and carefully assess the actions by the authorities of this or that country of the collective West that is directly involved in these conflicts," Dmitry Peskov stressed

London intensifies anti-Russian campaign in face of impending ‘Ukrainian project’ failure

The realization of the impending failure of the ‘Ukrainian project’ London has been staking on in hopes of capitalizing on plans to inflict a ‘strategic defeat’ on our country by proxy is now as clear as ever," the embassy said

Diplomat mocks US Senator for talking about invading Netherlands

Maria Zakharova quoted the US Senator, who called the ICC a "Kangaroo court" and ICC Prosecutor Karim Khan a "deranged fanatic"

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"

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

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

Turkey to investigate causes of Russian Superjet emergency at Antalya airport

The Turkish side will also provide information on the progress of the investigation

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

Kabul counts on Moscow to help neutralize Western pressure

"We can assure you that the Islamic Emirate is a reliable economic partner," Deputy Prime Minister Mullah Abdul Ghani Baradar said

NATO expanding presence in Arctic, Baltic, Black Sea, Caspian regions — FSB chief

According to Alexander Bortnikov, a US lab network is reportedly working to implement a program to create biological weapons of selective action, while citing the need to combat some "biological threats" as an excuse

Explosion occurs at oil refinery in western Turkey, cause being investigated — TV

According to preliminary information, the incident occurred at about 8 p.m. (local time)

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

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

Anglo-Saxons secretly push Kiev toward nuclear terrorism — FSB head

"The minds of the Ukrainian population have been reformatted in a Russophobic way," Alexander Bortnikov stated

Independent candidate Georgescu leading first round of presidential election in Romania

Georgescu is reserved about Romania’s NATO membership and he has been cautiously pushing for normalization with Russia

Candidate for post of top diplomat confirms bid to join NATO, EU a priority for Georgia

On Monday, acting Georgian Prime Minister Irakli Kobakhidze endorsed Bochorishvili as a candidate for the position of the republic’s foreign minister to replace Ilia Darchiashvili

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

New EU sanctions on Russia may target 80 individuals, entities — agency

In addition, the EU proposes imposing restrictions on some 30 organizations allegedly assisting Moscow in acquiring military technologies

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

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

Georgescu wins first round of Romania’s presidential vote as ballot tally ends

Prime Minister Marcel Ciolacu, who leads the Social Democratic Party, ended up third with 19.15% of the vote

Russia’s launch of new missile illustrated assured retaliation capability, lawmaker says

Andrey Kartapolov also noted that the enemy currently has no defenses against the Oreshnik.

Europe resumes talks of troop deployment to Ukraine — newspaper

According to the sources, this is driven by the fact that Washington may scale back support for Ukraine after Donald Trump returns to office as US president on January 20, 2025

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

Kremlin spokesman says missiles like Oreshnik are developed in secrecy

Dmitry Peskov said that he himself did not know about this work before Russian President Vladimir Putin announced it

West attempting to stage color revolution in Georgia, Lavrov warns

According to the top Russian diplomat, the West actively uses an extensive network of non-governmental organizations "to create domestic instability in the countries of the Global South and the Global East"

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"

Restrictions under New START treaty don’t apply to Oreshnik missile — Russian diplomat

"As for New START, you are well aware of our decision to suspend it," Sergey Ryabkov said

Shooting of Selidovo residents by Ukrainian troops meant to repeat Bucha provocation

The shooting of civilians could have been meant to "simply intimidate people who want to continue living on their soil," Russian foreign ministry’s ambassador at large, Rodion MIroshnik said

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

Ukrainian forces indiscriminately shoot Selidovo passers-by — Russian envoy

According to Rodion Miroshnik, Ukrainian security forces came to places where there were generators, where people came to get water, and could shoot a person

Russia will respond 'in every way' to Seoul’s arms supply to Kiev — MFA

Deputy Foreign Minister of the Russian Federation Andrey Rudenko called on South Korean to soberly assess the situation and refrain from "reckless steps"

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

FSB chief sees intensification of sabotage by Western special agencies in post-Soviet area

Alexander Bortnikov pointed to the recent efforts by the West to literally "undermine" the outcome of a presidential election in Moldova and attempts to stage yet another "color revolution," this time in Georgia

Putin calls on CIS intelligence agencies to prevent instability

To strengthen security, intelligence services should not only scrutinize threats but also "forecast their development and exchange information and experience," the Russian leader pointed out

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

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: What is known about Russian flight incident at Antalya Airport

A Russian Sukhoi Superjet 100 operated by the Azimuth airline caught fire as the plane landed at Antalya Airport on Sunday, TASS has compiled the key facts about the situation

Ukrainian commander-in-chief reports threats to troops in Zaporozhye Region

Earlier, it was reported that the Russian forces had advanced for over 2 km near Malaya Tokmachka in the Zaporozhye Region

Russian national Nikita Zhuravel sentenced to 14 years in prison for high treason

Nikita Zhuravel was detained in May 2023 in Volgograd for setting fire to the Quran in front of a mosque, and during questioning, he confessed that he did it for money, under instructions from Ukrainian intelligence

Any escalation scenario possible in Ukraine conflict — Medvedev

According to the politician, Western nations need to understand that they are fighting on Ukraine’s side

French politician calls for protests against deployment of Western troops to Ukraine

Florian Philippot called on his supporters to rally "in support for peace and against this madness" on December 1

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

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

US did not contact Russia after use of Oreshnik missile — Deputy Foreign Minister

In his televised address to the nation on November 21, Putin stated that the United States and its NATO allies had authorized the use of long-range high-precision weapons before US and British missiles struck Russian military facilities in the bordering regions of Kursk and Bryansk

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

Netanyahu may accept ceasefire in Lebanon to stop Hezbollah bombings — diplomat

According to al-Maliki, Israeli Prime Minister Benjamin Netanyahu is the only obstacle to a ceasefire in Gaza