Russia

Russian strongman, Vladimir Putin has ordered a temporary ceasefire in his country’s military aggression in Ukraine. In what Ukraine leaders said smacks ‘hypocrisy,’ the move is viewed as evidence that the bite from the EU sanctions is…

Russian Federation has expressed its readiness to partner with the Nigerian National Petroleum Corporation (NNPC) in the development of Nigeria’s Upstream, gas and power sectors. According to the Russian Federation Ambassador to…

Saudi Arabia and the United Arab Emirates (UAE) are trying to lock in Russia and other non-OPEC allies into several years of co-operation for managing the oil market, according to Wall Street Journal (WSJ). The move is not unconnected…

OPEC has become an indispensable ‘organ of stability’ in the oil market, Mohammad Sanusi Barkindo, OPEC Secretary General said at the Algeria Future Energy Summit in Algiers, Algeria. He noted that though some sceptics have imagined a…

Russian news agencies have reported on Friday that Lukoil, Russia's largest private oil company in the world, exited projects in Cote d'Ivoire, where it led exploration in the deep offshore. The company confirmed the information about…