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World oil prices

Oil production in Russia stable with increase to 10.8 mln barrels/day by 2040 — OPEC

According to OPEC, declining oil prices and sanctions against Russia by the EU and the US have little effect on the dynamics of oil production in the country

© Vladimir Smirnov/TASS

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OPEC raises forecast for Russia’s oil output in 2015 to 10.77 mln barrels/day

VIENNA, December 23. /TASS/. Oil production in Russia will remain stable with a slight increase to 10.8 mln barrels per day by 2040, according to OPEC global oil forecast until 2040 published Wednesday.

Thus, the total oil production in RussiA in OPEC baseline scenario will remain at the level of 10.6 mln barrels per day in the medium term up to 2020, and by 2025 will reach 10.7 mln barrelsper day, continuing growth in 2040 to around 10.8 mln barrels per day.

According to OPEC experts, declining oil prices and sanctions against the Russian Federation by the European Union and the United States have little effect on the dynamics of oil production in the country.

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Decline of price of Brent crude oil from its maximum value in June 2014 is now around 70%. Earlier in December, Brent crude oil became cheaper its lowest level since 2004, falling to around $ 36 per barrel. For comparison, in December 2008, Brent crude oil price declined to $36.2 per barrel, having fallen in price by 75% in 5 months.

Oil prices have accelerated the fall after OPEC meeting on December 4. At the end of the 168th meeting in Vienna, OPEC oil ministers have not made a clear decision on production quotas because of the position of countries that are not members of the organization. Currently, the volume of oil production by OPEC members is estimated at 31-32 mln barrels per day. Previous quota stood at 30 mln barrelsper day.

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Oil & Gas Oil price OPEC

Yuan exchange rate down below 13.5 rubles on MOEX first since December 9

By 5:20 p.m. Moscow time (2:20 p.m. GMT), the yuan had narrowed losses to 15.95 kopecks trading at 13.5405 rubles

Russia to react to Ukrainian settlement proposals in line with national priorities — MFA

Russian Foreign Minister Sergey Lavrov highlighted that Vladimir Putin's June 14 comments "by and large did not impose conditions"

Former Austrian minister names 4 suspect countries in connection with Nord Stream sabotage

Asked what countries could be behind the attack, Karin Kneissl replied that, like in an Agatha Christie novel, "there are many suspects in this imaginary room"

Shopping mall in Russia’s North Caucasus city of Vladikavkaz catches fire after explosion

Regional head Sergey Menyailo said that the blast had killed a woman inside the building

Turkey’s, US defense chiefs discuss Syria, security issues

A conversation took place between National Defense Minister Yasar Guler and US Secretary of Defense Lloyd Austin

Over 150 spontaneous graves found in Popasnaya in LPR

Around 250 people are still staying in the city

Continued terror attacks by Kiev to be met with increasingly tougher response — Lavrov

The top Russian diplomat expressed disappointment that virtually none of the Western nations have joined Russia’s condemnation of these attacks, including the leaders of international organizations like the UN, OSCE, or UNESCO

Russian air defenses eliminate 59 Ukrainian drones over various regions overnight

According to the Tambov Region government, there were no casualties as a result of the destruction of the drones

Russia not to deviate 'one bit' from its main conditions in talks on Ukraine — speaker

"Certainly, the negotiation process will begin next year, without any doubt, but in my opinion it will be very complex," Valentina Matviyenko stressed

Ukraine’s army attacks Russia’s borderline Belgorod Region with over 50 UAVs in past day

"In the village of Borki, an FPV drone struck a moving vehicle and its driver sustained wounds," Governor Vyacheslav Gladkov said

Ukrainian deserters abroad are hunted through Interpol — parliament member

"The percentage of those who have left their newly formed brigades is the highest," Ruslan Gorbenko said

Russian expert suspects Ursa Major sank due to act of sabotage

Alexander Stepanov remarked that such attacks are virtually impossible to identify and track down

Passenger plane crashes near Kazakhstan's Aktau — Emergencies Ministry

According to the statement, the information about the injured is being clarified

Putin bestows order upon Hermitage director general

The head of the State Hermitage Museum now has the full set of Orders for Merit to the Fatherland

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

Biden’s last aid package to Kiev won’t contribute to Ukraine’s security — Russian diplomat

According to Maria Zakharova, this speaks of the fact that the West continues to do everything to escalate the conflict with Russia, not sparing effort or anyone in Ukraine

Assassination attempt on defense executive thwarted near Moscow — FSB

The attackers’ activities were coordinated by Ukrainian special service agents through foreign internet messengers, as evidenced by data retrieved from seized communication devices, the FSB added

Biden considers new sanctions against Russian energy sector — The Washington Post

According to the newspaper’s sources, possible options also include revoking the license that allows banks to handle transactions with Russian energy resources

Germany's new chancellor may lead the West in standoff with Moscow — expert

At the same time, Oleg Bondarenko said, without affordable energy resources, the decline of the German economy will continue with no chance of stopping in the foreseeable future

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

Mercenary from Norway faces criminal charges for incursion into Kursk Region

The investigation has found that Ocherkhadzhiyev personally participates in the armed conflict as a mercenary on Russian territory

Online platform for sales of drones, spare parts launched in Russia in test mode

The platform will offer propellers, frames, engines, communication systems, the head of the United Russia party’s central executive committee Alexander Sidyakin said

Damascus warns Iran against sowing chaos in Syria — foreign minister

Iran should not interfere in Syria's internal affairs, the minister of foreign affairs in Syria’s transitional government Asaad Hassan al-Shibani said

Russia’s Velikiye Luki submarine dives to depth of 100 meters as part of tests

Upon completion of the underwater part of the test, the crew of the Velikiye Luki took the submarine to the surface and continued to carry out operations in accordance with the plan

Zelensky defines essence of next summit on Ukraine in four-letter explicit word — Lavrov

The first Kiev-initiated conference on Ukraine was held in Burgenstock, Switzerland, on June 15-16

Azerbaijan publishes list of passengers on board crashed plane in Kazakhstan

Media reports say that at least 28 people have survived

Armored vehicle with Israeli commanding officers blown up in West Bank

The rest of the passengers in the vehicle did not get injured

Sandu takes office as Moldova’s president for her second term

Parliamentarians, members of the Constitutional Court, and foreign diplomats attended her inauguration

Plane crashed near Aktau was diverted to Makhachkala due to fog in Grozny

It is reported that this was a routine flight initially scheduled to arrive in Grozny

Serious conflict between Israel, Turkey possible — Russian expert

"It’s important to note that the primary development in this context is the markedly increased role of non-Arab states in the region, particularly two key players," Vitaly Naumkin said

Azerbaijan Airlines operated passenger plane that crashed in Kazakhstan

According to the ministry, the circumstances of the crash are being established and a special investigation will be carried out

Pakistani forces attack Afghan province just across border

Taliban-controlled Afghan Defense Ministry condemned the attack, saying it violated international law and didn’t represent a solution to any issue

Sunken tankers violated seasonal maritime traffic restrictions — authority

A number of tankers of the ships' owner Volgatransneft did not have a license for transporting dangerous cargoes in inland waters

Russia doesn’t need ceasefire in Ukraine, it needs legally binding guarantees — Lavrov

According to the foreign minister, these agreements should be aimed at eliminating the root causes of the Ukrainian conflict

Hostilities in Ukraine to end in 2025 — Hungary’s Orban predicts

The Hungarian prime minister recalled that America and Europe spent about 300 billion euros on the war in Ukraine

CIS countries share common approaches to resolving global issues — Putin

Among other things, "members of the Commonwealth have been increasing cooperation in the fight against extremism, transborder crime, and drug trafficking, and everyday activities and contacts between security agencies have been established," the Russian president said

Putin offers condolences to Azerbaijani president over plane crash near Aktau

"Overall, we are expressing deepest condolences to those who lost their near and dear in this air disaster," Dmitry Peskov said

Kremlin admits legal action over transfer of $1 bln from Russian assets to Ukraine

"Such illegal actions, including the transfer of this billion, may surely prompt legal action. And we will surely use all possibilities in the future to protect our rights and the rights to our property," Dmitry Peskov noted

United Kingdom’s defense expenditures up by 14% in past decade — The Times

According to the article, Iran’s military budget grew by 57%, China’s - by 60% and Russia’s - by 34% in the reported period

Lavrov cautions against challenging Russia's resolve

The top Russian diplomat remarked that Russian President Vladimir Putin had extensively addressed this matter during his combined year-end press conference and Q&A session on December 19, among other instances

Over 100 people involved in extinguishing jet fire at drilling rig in southern Urals

The accident posed no threat to nearby settlements

Russian forces increasing pressure on Ukrainian troops near Belogorovka in LPR — expert

Unfavorable weather has made things worse for the enemy in that sector of the line of engagement, Andrey Marochko said

Without Ukrainian transit, gas to become much more expensive for Europe — expert

According to Karin Kneissl, in some households, people are already paying more for electricity and heating than for their rent

Russian scientists have lots of new ideas in nuclear sphere — researcher

Mikhail Kovalchuk also reiterated that for a long time, Russia has been and remains a guide for other countries in the sphere of developing technologies, including space

Russian troops liberate Novy Trud community in Donbass region over past day

Russia’s Battlegroup South inflicted roughly 245 casualties on Ukrainian troops and destroyed six enemy howitzers in its area of responsibility over the past day, the Defense Ministry reported

At least 21 killed in post-election violence in Mozambique

Pascoal Ronda suggested that the opposition probably joined forces with Islamic terrorists

Russia continues special military op because Ukraine refuses talks — Kremlin

"It is important for us to achieve all the goals that we face in ensuring the security of our country," Dmitry Peskov emphasized

Trump doesn’t want repeat of Minsk agreements — Kellogg

He expressed hope that the US president-elect will be able to achieve a settlement of the conflict in Ukraine in a "relatively near term."

Denmark to strengthen control over Greenland after Trump’s words — top defense official

Denmark plans to increase the number of personnel at the Joint Arctic Command in the Greenlandic capital of Nuuk

Ukraine’s General Staff reports tense frontline situation

The most difficult situation for Ukrainian troops is observed in the Krasnoarmeisk (Pokrovsk), Kurakhovo and Vremevka frontline areas

Press review: US, Israel aim to curb Turkey’s gains while Moscow, Tehran strengthen ties

Top stories from the Russian press on Tuesday, December 24th

Russian cancer vaccine to be free of charge — top oncologist

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

Europe should support Sino-Brazilian initiative on Ukraine — Swiss newspaper

The article’s author believes that Russa’s absence during the peace conference in Burgenstock, Switzerland, was 'a crucial mistake'

Twenty-eight people survive passenger plane crash in Kazakhstan — Emergencies Ministry

It is confirmed that two children were injured

Top German officials pressured by Biden to strengthen anti-Russian coalition in EU — Dodik

"Now we see the outcome: a Europe burdened with numerous problems and struggling to determine how to establish relations with the Trump administration," the president of the Republika Srpska said

Pentagon has nothing to announce on possible talks between Russia, US defense chiefs

Belousov and Austin had a phone call on July 12

Another US fighter jet narrowly avoided friendly fire in Red Sea — Fox News

According to the report, the plane crew had to perform several maneuvers to dodge it

Syria’s new authorities rename hospitals named after ex-president’s family members

Some of them were named after Bashar Assad’s brother Bassel, who died in a car crash in 1994

Scientists present Russia's first 50-qubit cold atom quantum computer — MSU

The experiment that allowed testing the supercomputer prototype took place on December 19, the Moscow State University said

Sandu regime may seize Moldavian power plant in Transnistria — Russian Foreign Ministry

Maria Zakharova noted that "under such a scenario, the Russian peacekeeping presence in the region will be jeopardized"

Syria’s new authorities want Syria to regain its status of key regional player

Asaad Hassan al-Shibani, the foreign minister in Syria’s transitional government, promised that Damascus will take measures to ensure the safe return 'of each Syrian national who had to flee his land and his home'

Russia not closing its border with Estonia — MFA

Russian border crossings near the Estonian border are functioning as usual, Maria Zakharova said

Trump’s presidency could influence global economy — Russian finance chief

The Republican candidate secured sufficient Electoral College votes in the November 5 presidential election, according to state-by-state vote counts

Situation with gas supplies from Russia to Europe difficult — Kremlin

"You have heard the Ukrainian side’s statement and you know the position of the European countries that continue purchasing Russian gas and that consider it necessary for normal operation of their economy," Dmitry Peskov said

Russia’s 2,000th R-7 rocket delivers Resurs-P remote sensing satellite into orbit

Resurs-P satellites are designed for the Earth’s remote sensing and for regional and local monitoring of its surface

Press review: Ukraine eyes missile programs as EU considers new sanctions on Russia

Top stories from the Russian press on Wednesday, December 25th

Russian forces gain control over road between Gulyaypole, Velikaya Novosyolka — official

According to Vladimir Rogov, actions by the Russian Armed Forces will compel the garrison of the Ukrainian armed forces in Velikaya Novosyolka to face difficulties with supplies and reinforcements

Almost 440,000 Russians sign up for military service this year — Medvedev

"The results of work over the year can already be assessed," the politician said

Initiative along entire frontline in Russian forces’ hands — Polish general

According to Waldemar Skrzypczak, Russian troops' daily advances amount to 1-2 kilometers (0.6-1.2 miles)

Syria’s Interior Ministry calls on members of former regime to hand over their arms

According to transitional Interior Minister Mohamed Abdel Rahman, the government has set a deadline for the handover of weapons held by members of the former regime and the public

Russia has no illusions that Ukraine conflict can be resolved easily — top diplomat

"We have never stated that the incoming administration of [US President-elect Donald] Trump will necessarily give a start to negotiations on global security, on Ukraine," Sergey Lavrov noted

Putin to hold informal CIS summit in St. Petersburg

An informal meeting before the New Year is a long-standing tradition of the Commonwealth

No Russians killed in Magdeburg car attack, information on injured being updated — embassy

At least five people got killed and 235 were injured as a result of the attack

IN BRIEF: What is known about shopping mall explosion in Russia’s Vladikavkaz

According to emergency services, the incident was caused by a household gas explosion

R-7 space rocket to be launched for 2,000th time

According to Roscosmos, the launch is scheduled for 10:45 a.m. Moscow time (7:45 a.m. GMT)

FACTBOX: Shelling of Lgov in Russia’s Kursk Region

The attack resulted in the deaths of three individuals, with a fourth victim passing away from injuries at the hospital shortly afterward

Houthis strike military facility near Tel Aviv with hypersonic missile

Earlier, the Israeli army press office reported that air-raid sirens sounded in several areas of central Israel following the launch of a missile from Yemen

Russian embassy refutes reports on Sudan’s refusal to host Russian base

Some Western media outlets reported earlier, citing anonymous Sudanese intelligence sources, that Khartoum had allegedly annulled an agreement with Moscow on placing a Russian naval logistics support base due to potential US sanctions

Georgia became inconvenient for 'friends' after rejecting Ukrainian scenario — official

According to Kakha Kaladze, the country faced unprecedented pressure because of this

IN BRIEF: What is known about sinking of Ursa Major cargo ship in Mediterranean Sea

According to reports, fourteen crew members were rescued and two are missing

CSTO to keep boosting its military potential next year — chief

Joint exercises aimed are another important aspect of the effort to boost the organization’s defense potential, Imangali Tasmagambetov said

Four GLONASS navigation satellites ready for launch — Roscosmos head

Yury Borisov added that over the past year, Roscosmos has expanded its Earth remote sensing constellation by introducing high-resolution observation satellites, including a Resurs-P satellite and a Kondor radar imaging satellite

IN BRIEF: What is known about passenger plane crash in Kazakhstan

According to the Kazakh Transport Ministry, the plane belonged to Azerbaijan Airlines

Trump’s son posts image showing father buying Canada, Greenland on Amazon

"We are so back," Eric wrote for a caption

Armenian premier says will skip CIS meeting in St. Petersburg due to COVID-19

His participation in the upcoming meeting of the Supreme Eurasian Economic Council of the Eurasian Economic Union is unclear

Only Western countries present nuclear war scenarios, says Lavrov

The foreign minister stressed that "it was at Russia’s initiative that the Gorbachev-Reagan formula that there can be no winners in a nuclear war and it should never be unleashed was reinstated"

Authorities don't plan to sell stakes in large state-owned companies — finance minister

Anton Siluanov said that that this year authorities have sold more property than it was initially planned

Scientists detect five powerful M-class solar flares

A ten-minute-long solar flare classified as M4.7 was recorded in X-rays in sunspot group 3932

Putin's principles of Ukrainian settlement stem from international law — Lavrov

The top Russian diplomat drew attention to the fact that "the Kiev regime plays into the hands the West, which needs to remove such a strong competitor as Russia from the international scene"

Is Gaddafi's gloom prophecy in regard to Europe bound to be fulfilled?

As Europe’s migrant crisis grows far and wide, many Russian media are recalling the late Libyan leader Muamar Gaddafi’s gloom prophecy made several months before his violent death

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

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

US ramping up biological warfare presence in Africa — Russia’s top brass

Major General Aleksey Rtishchev said that branches of the US National Naval Military Medical Center are stationed in Ghana and Djibouti where active work is carried out in natural disease foci, isolation and sequencing of pathogens

Russian forces pound Ukrainian military airfields, ammo depots over past day — top brass

Russia’s Battlegroup West inflicted roughly 380 casualties on Ukrainian troops and destroyed six enemy artillery guns in its area of responsibility over the past day, the Defense Ministry reported

Pope Francis opens Holy Door at St. Peter’s Basilica

The Holy Door, which is usually bricked up, is expected to remain open over the next 12 months

Twenty-five people survive passenger plane crash in Kazakhstan — Emergencies Ministry

According to the report, twenty-two people have been taken to a hospital

Shelling on Donetsk decreases as frontline shifts — DPR head

Denis Pushilin noted that shelling in Donetsk’s Kirovsky and Petrovsky districts is expected to diminish further once Kurakhovo is liberated

Press review: Kiev escalates attacks as payments ease for Russian raw material buyers

Top stories from the Russian press on Monday, December 23rd

Greece continues to ship munitions to Ukraine en masse — website

According to the report, the people of Greece witnessed the passage of convoys of Greek and foreign-made trucks transporting containers, mainly with shells, to Balkan states and Poland, and eventually to Ukraine

Azerbaijani president on his way back home from Russia after AZAL plane crash

According to the press service, Ilham Aliyev has ordered the relevant government agencies to investigate the causes of the crash and take urgent action

Deployment of Moldovan troops to Transnistria to violate settlement accords — expert

On April 15, 2013, two explosions, with 12 seconds in between, happened in Boston’s downtown, near the finish line of the traditional marathon

Former Austrian minister believes EU ignored message Russia sent with Oreshnik missile

According to Karin Kneissl, Russia doesn’t want to trigger any nuclear war