Oil prices mark weekly gain ahead of Iran sanctions
Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both benchmarks marked weekly gains ahead of U.S. sanctions on Iranian oil exports.
Brent crude at highest since October 2014, Iran sanctions drive buying
Brent crude rose to a four-year high on Wednesday, as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
Russia's Putin says Trump is right that oil prices are too high
Russian President Vladimir Putin said on Wednesday that his U.S. counterpart Donald Trump was right that the current oil price was too high.
Russia to maintain dialogue with oil producers: Putin
Russia will maintain its dialogue with global oil producers in order to keep oil markets balanced, Russian President Vladimir Putin said on Wednesday.
Russia to start building two nuclear reactors in Hungary soon: Putin
President Vladimir Putin said on Tuesday that the Russian state atomic energy firm Rosatom would start the construction of two new reactors at the Paks power nuclear plant in Hungary soon.
UPDATE 1-Germany says Russian gas pipeline needed to ensure supply
U.S. President Donald Trump has said the project increases reliance on Russian gas and has warned Western firms invested in it that they are at risk of sanctions.
Pompeo to meet Russia's Lavrov amid U.S. concern on missile sale to Syria
U.S. Secretary of State Mike Pompeo said on Monday he expected to meet with his Russian counterpart Sergei Lavrov in New York as Washington expressed concern at Moscow’s plans to supply the S-300 surface-to-air missile system to Syria.
Oil firm as OPEC, Russia resist calls to raise output as Iran sanctions loom
Oil markets have been driven up by looming U.S. sanctions against Iran and an unwillingness or inability by Middle East dominated producer cartel OPEC and Russia to raise output.
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