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Russia and Bangladesh expand nuclear cooperation

A number of documents have been signed between Russian state nuclear corporation Rosatom and the government of Bangladesh that will enhance existing bilateral cooperation in the use of atomic energy for peaceful purposes. Russia is currently constructing a two-unit nuclear power plant at Rooppur, Bangladesh.

read more... 19/03/2020

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Russia sees oil and gas revenue drop nearly $ 40 billion

Russia’s oil and gas revenue will be $ 39.5 billion (3 trillion rubles) less than expected due to falling oil prices Russian Finance Minister Anton Siluanov said on Wednesday, adding that Russia’s budget will be in deficit this year.

read more... 19/03/2020

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Daily (17.03.2020): The EUAs below the €20-mark for the first time in over a year due to a sell-off in financial markets

Crude oil futures decreased sharply on Monday as the coronavirus pandemic continued to play havoc across the energy complex, forcing countries to go into lockdown. Furthermore, top oil producers announced their intention to flood the black gold markets after their ally, Russia, refused on March 6 to further limit the oil production to prop up prices.

read more... 17/03/2020

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Daily (16.03.2019): Brent oil traded near 2% higher on Friday, as U.S commits to support weakening economies affected by coronavirus

Crude oil prices recovered on Friday, as the United States and other nations signaled plans to support weakening economies. Brent crude traded 1.9% higher at $33.85 a barrel. In the same context, WTI futures rose by 0.7% to $33.85 a barrel. However, crude prices posted their worst week since the 2008 global financial crisis after the coronavirus epidemics weighed on the global economy. Furthermore, Saudi Arabia and Russia initiated an oil price war.

read more... 16/03/2020

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Russia's Power of Siberia pipeline closed for maintenance

Russian gas producer Gazprom said on Monday the Power of Siberia gas pipeline had been closed for routine maintenance until April 1.

read more... 16/03/2020

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