Russian oil bosses voice support for oil output freeze, not cut
Russian oil companies back the idea to freeze output at near-record levels reached in January, but did not support any proposals to cut oil production to lift global prices, Energy Minister Alexander Novak said.
Oil up on Saudi support, China; poll shows less OPEC output
Oil prices jumped 3 percent on Monday after China moved to boost its slowing economy and Saudi Arabia pledged to work with other crude producers to limit market volatility, developments that fed hopes the oil selloff would end.
BRICS bank eyeing investments in hydropower, electricity: Russia
The New Development Bank established by the BRICS emerging nations plans to invest in infrastructure projects in those countries and is considering hydropower and electricity investments, Russian Finance Minister Anton Siluanov said.
Asia's oil markets in upheaval as China, India change the game
Asia's oil markets are being upended as India's and China's refiners overtake once-dominant buyers like Japan and challenge the United States as the world's biggest consumer.
Iran proposes nuclear power cooperation with Hungary
Iran has proposed a project with Hungary to design and develop a small nuclear reactor that could be sold across Asia and Africa and also built in the Islamic republic, Tehran's top nuclear official said on Thursday.
Iran offers no action in support of global oil pact
Iran on Wednesday stopped short of offering to restrain oil output as part of a global pact to freeze production to prop up prices, making clear it wants to recapture the market share it lost during years of sanctions.
Saudis and Russia agree oil output freeze, Iran still an obstacle
Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production.
Oil stages late gains as Saudi, Russia, Venezuela to meet
Oil prices rose nearly 2 percent on Monday on news that ministers from Saudi Arabia, Russia, Qatar and Venezuela would hold a previously unpublicised meeting in Doha this week, adding to speculation of a global output deal.
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