Putin speeds up Russian political shake-up, details new power center
President Vladimir Putin accelerated a shake-up of Russia’s political system on Monday, submitting a constitutional reform blueprint to parliament that will create a new center of power outside the presidency.
Russia says urging Gulf nations to consider a joint security mechanism
Russia’s Foreign Minister Sergey Lavrov said on Wednesday Moscow has been urging Gulf countries to consider a common security mechanism for the region and it was time the world got rid of unilateral measures such as sanctions.
OPEC expects lower demand for its oil as U.S. hits new milestone
OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record.
Belarus halts own oil exports to Germany, Russian oil transit unaffected: sources
Belarus’ state oil company Belorusneft has suspended supplies of its own oil to Germany this month as Minsk needs to compensate for shortages of Russia-sourced oil amid a contract dispute with Moscow, four industry sources told Reuters on Friday.
Belarus introduces tax on oil transit and transportation
Belarus introduced a tax on Friday on oil transportation and transit across its territory, setting it at 50% of profits, a statement from the president’s office said.
Russia halts oil to Belarus, but transit to Europe still flowing
Russia has halted oil supplies to refineries in Belarus, the Belarusian state energy firm said on Friday, amid a new contract dispute that is also threatening large Russian oil deliveries to Western Europe crossing the country.
Russneft sole supplier of Russian oil to Belarus: sources
Russia’s Russneft, co-owned by trader Glencore, is the only Russian supplier delivering oil to Belarus after the start of the new year, allowing the neighbor’s refiners to continue processing modest volumes of crude, three industry sources told Reuters.
Turkey, Russia launch TurkStream pipeline carrying gas to Europe
The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow’s efforts to reduce shipments via Ukraine.
|
