Quiet diplomacy among the world's biggest oil producers has heated up this week, yet observers see few signs that renewed discussion among Russia, Saudi Arabia, Venezuela and others will lead to action on output.
Russia's energy ministry has been holding active consultations with the Organization of Petroleum Exporting Countries (Opec) and Latin American oil producers which Deputy Prime Minister Arkady Dvorkovich described as "unprecedented&qu
Saudi Arabian oil minister Ali Al Naimi discussed oil markets with Russia's ambassador to Riyadh Oleg Ozerov, Saudi state news agency SPA reported.
In the meeting, which was attended by Al Naimi's advis
Low-cost carriers flying to Russia are vital to the recovery of the country's tourism business and can expect to see a 13 per cent annual increase in the number of Russian passengers over the next four years, a recent study showed.
Russia is pursuing costly state oil and platinum projects in Africa despite an economic crisis at home, hoping they will bolster sales, including of arms, for businesses hit by Western sanctions over the conflict in Ukraine.
Major powers and Iran stretched marathon talks on Tehran's nuclear programme into a second day past their deadline, with diplomats saying prospects for a preliminary agreement were finely balanced between success and collapse in the coming h
A Boeing 737 plane carrying 78 passengers plus crew landed safely at the main airport in Russia's second city of St Petersburg on Wednesday after one of its engines failed.
"The plane made a safe landing ... no passengers
Jordan signed an agreement with Russia on Tuesday worth $10 billion that sets the legal basis for building the kingdom's first nuclear power plant with a total capacity of 2,000 megawatt.
Jordan imports nearly 98 per cent of i
Russian lawmakers have introduced to parliament a draft bill to support Islamic finance, aiming to attract capital inflows at a time when an economic slowdown is intensifying and Western sanctions show no sign of being lifted.
Russia's lurch into recession has hit many tourism and luxury goods companies hard, forcing them to cut prices -- and in turn costs -- in an attempt to limit the damage.
And there are few signs things will get better soon, with a fr