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World oil prices

Brent oil prices over $35 on Russia's confirmation of talks with OPEC

The Russian energy minister is ready to take part in the meeting with OPEC to discuss potential production cuts in order to increase the price of crude oil

© Sergei Bobylev/TASS

MOSCOW, January 28. /TASS/. The price of Brent crude oil futures contract for March delivery on London’s ICE rose by 5.7% to $35.01 per barrel for the first time since January 6, 2016.

Oil price increased following the statements of Russian Energy Minister Alexander Novak about being ready to take part in the upcoming meeting of the OPEC and non-OPEC members in February.

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OPEC, Russia highly likely to decide on oil output cuts

Russia on Thursday confirmed its participation in the meeting of OPEC member-states and other oil producers for discussing low oil prices and coordination of a potential crude production cut due in February.

"Currently the OPEC member-states are trying to convene a meeting with participation of other OPEC (member-states) and non-(member-states) in February. Certain countries have come forward with this initiative, currently the issue is being worked out with the countries. On our part we’ve confirmed our potential participation in such a meeting," Novak said.

Alexander Novak said he is ready to take part in the upcoming meeting though the question of its level hasn’t been solved yet.

Read also

Russia confirms participation in OPEC talks on potential production cut — energy minister

"There's been an invitation to meet at the ministerial level. In fact, there is no final agreement yet. It will be held on the ministerial level if all ministers confirm [their participation] and in case they don’t [the meeting will be held] at the level of experts," Novak said on Thursday.

Venezuela was one of the initiators of the meeting, the minister said. "We communicate with him [Venezuela’s energy minister] on the phone," he said, adding that Venezuela "has sent an official application to Qatar presiding in OPEC to convene such a meeting."

According to the minister, the date for the meeting has not been set yet. "The date does not depend on us. We can meet any time. The date is being agreed with other countries now," he added.

Similar meetings have been held earlier, Novak said, though now the situation has changed due to continuing plunge of prices. "Everyone estimates how long those prices will be recovering. We think it’s reasonable to discuss the situation," the minister said.

Read also

Consultations with OPEC may focus on 5% reduction of oil production by each state

According to the official, the consultations may focus on reduction of crude oil production by up to 5% by each country.

"In fact when we last discussed (the issue) we generally focused not on the Russian Federation but on all countries engaged in production and export of oil, with those parameters being announced on reduction of output by up to 5% by each country," Novak said.

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Russian stock indices growing on Wednesday — market data

The ruble-denominated MOEX Russia Index increased by 1.56% to 2,732.83 points

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

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

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

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

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

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

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

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

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

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

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

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

Sandu regime may seize Moldavan 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"

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)

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

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

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

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

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

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

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"

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

Oboronlogistics company blames loss of its ship Ursa Major on terrorist attack

The Ursa Major dry cargo ship wrecked in the Mediterranean Sea

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

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

Finnish company says power cable’s emergency shutdown due to sabotage

Finland and Estonia are connected by two sets of high-voltage submarine cables

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

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'

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

The accident posed no threat to nearby settlements

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

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

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

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

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

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

Russian cancer vaccine to be free of charge — top oncologist

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

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

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

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

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

Belousov and Austin had a phone call on July 12

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

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

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

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

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

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

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

Russian MFA sees reports of potential deployment of EU troops in Ukraine as provocation

According to Maria Zakharova, for a peacekeeping force to participate in any conflict it requires the consent of all participants and a decision of the UN Security Council

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

Plane crash in Kazakhstan claims 38 lives

29 people had been hospitalized

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

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

It is confirmed that two children were injured

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

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

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

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

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

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

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

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

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

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

At least 21 killed in post-election violence in Mozambique

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

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

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

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

No communication yet between Moscow, Trump team — Russian diplomat

Russian Presidential Aide Yury Ushakov said earlier that Washington had not contacted Moscow in order to discuss the possibility of a visit by Trump’s Ukraine envoy Keith Kellogg and communication with him

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

Putin to hold informal CIS summit in St. Petersburg

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

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

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

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 MFA says West plots campaign to stoke protest sentiment in Belarus

According to Maria Zakharova, Russia regards the social, political and economic situation in Belarus as stable

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

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

Russia says Su-35S fighter jets provide cover to Aerospace Forces in Kursk Region

Also, one aircraft used onboard weapons systems to detect enemy air defense sites, according to the ministry

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

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

Armored vehicle with Israeli commanding officers blown up in West Bank

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

Russia sees US recommendation for its citizens to leave Belarus as provocation — MFA

According to Maria Zakharova, this is not the first statement of its kind from the US Department of State

One of two power cables between Estonia, Finland fails for an unknown reason

Two sets of underwater high-voltage direct current power cables connect Finland and Estonia

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

Russia not closing its border with Estonia — MFA

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

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

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

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

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

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

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'

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

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

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

Over 150 spontaneous graves found in Popasnaya in LPR

Around 250 people are still staying in the city

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"

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."

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

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

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

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

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

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

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

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

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

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"

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