Impromptu talks between Saudi Arabia, fellow Opec member Venezuela and oil powers Russia and Mexico yielded no agreement on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.
Opec leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut and threatened to unleash an oi
Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, Energy Minister Alexander Novak said.
The sanctions over Russia's role in the
The Russian Direct Investment Fund (RDIF) is still attracting significant interest from investors in the Middle East and Asia despite sanctions putting off investment from the West, its chief executive said on Thursday.
Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.
US President Barack Obama said on Saturday that Russia's aggression against Ukraine was 'appalling' and a threat to the world, while European nations threatened further sanctions against Moscow if it did not end the flow of weapons a
The soccer World Cups of 2018 and 2022 are set go ahead in Russia and Qatar as planned after Fifa's ethics committee said on Thursday it could find no grounds for reopening the controversial bidding process.
In a long-awaited
Russia will build two new nuclear power plant units in Iran under an agreement signed in Moscow on Tuesday between subsidiaries of the two countries' state atomic agencies.
The agreement precedes a November 24 deadline for a d