Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020, the company said on Tuesday, reflecting Moscow’s drive to develop the resource-rich region.

• April 17, 2019

Oil prices halted their rally on Monday, with both benchmarks down nearly 1 percent, after Russia’s finance minister said Russia and OPEC may decide to boost production to fight for market share with the United States, where output remains at record highs.

• April 15, 2019

Russian authorities blocked a regional news website over the weekend over a report about graffiti insulting Vladimir Putin, its chief editor said, under a new ban on insulting officials online.

• April 15, 2019

By Fuad Shahbazov, Baku-based independent regional security and defence analyst

On March 4, Romania, Azerbaijan, Georgia and Turkmenistan held a ministerial meeting in Bucharest—the first such quadripartite gathering for these governments. During this meeting of their foreign ministers, the parties issued a joint statement reaffirming mutual respect for each other’s sovereignty, territorial integrity and inviolability of their internationally recognized borders. Additionally, a number of other important issues were raised in Bucharest, including a discussion on establishing a multimodal corridor for the transport of goods between the Black Sea and Caspian Sea basins, a project officially named the Caspian Sea–Black Sea International Transport Corridor (ITC-CSBS). READ MORE

• April 9, 2019

One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signalled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.

• April 8, 2019

One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signalled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.

• April 8, 2019

Oil prices rose to a five-month high on Monday, driven by expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela.

• April 8, 2019

Turkey has proposed to the United States that they form a technical working group to determine that Russian S-400 missile defence systems do not pose a threat to U.S. or NATO military equipment, Foreign Minister Mevlut Cavusoglu said on Wednesday.

• April 3, 2019