Are Russia And The Saudis Planning A Natural Gas Cartel?

Gas Flame file photo

(Oilprice.com – Cyril Widdershoven – June 18, 2017) The fledgling production cut strategy of OPEC (Saudi Arabia) and non-OPEC (Russia and the FSU) shows that a new strategy is needed to counter the ongoing doubts in the markets. At the same time, Russia and Saudi continue to give indications of a possible OPEC 2.0 scenario, in which a possible Russian […]

» Read more

NEWSLINK: “Rosneft chief Sechin looks beyond Russia sanctions. Putin ally wants stronger ties between oil heavyweights Russia, Saudi Arabia and US.” – Financial Times

File Photo of Rosneft and Russian Flags Next to Rosneft Banner

“… while sanctions may mean Mr Sechin, Rosneft and Russia currently have a strained relationship with the US energy industry, the resolute former deputy chief of staff to Mr Putin has ambitions for a grand coalition between oil’s superpowers: Russia, Saudi Arabia and the US. … reflecting on President Donald Trump’s campaign stance on developing better relations with Russia — which has since […]

» Read more

NEWSWATCH: “Russia Says Key Goal Is to Bring Global Oil Stocks Down to Five-Year Average” – Reuters

Oil Well file photo

“The main goal of [a] proposed extension of [an] oil output cuts deal is to bring the global commercial oil inventories down to 5-year average and stabilise the market, Russian Energy Minister Alexander Novak said on Tuesday. … Saudi Arabia and Russia, the world’s top two oil producers, agreed on Monday on the need to extend output cuts for a […]

» Read more

Russia Overtakes Saudi Arabia as World’s Top Crude Oil Producer

Oil Well file photo

(Bloomberg – bloomberg.com – Claudia Carpenter – February 20, 2017) Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades. Russia pumped 10.49 million barrels a day in December, down 29,000 barrels a day from November, while […]

» Read more

Russia’s Military Budget Ranks Fourth Worldwide – Report

Russian Mobile ICBM Parade File Photo

(Moscow Times – themoscowtimes.com – April 5, 2016) Russia no longer ranks among the top three spenders on defense, dropping down to fourth place, the Stockholm International Peace Research Institute (SIPRI) reported Tuesday. The United States remained the leader by far, accounting for 36 percent of all military spending in the world, according to the SIPRI report. In 2015, Washington […]

» Read more

U.S., Russia Make Syria Diplomacy Push as Assad Gains Ground

Syria Map

(Bloomberg – bloomberg.com – Jonathan Tirone, Henry Meyer – February 10, 2016) The U.S. and Russia are seeking to revive Syrian peace talks as President Bashar al-Assad’s advance against rebels shifts the focus to the battlefield. U.S. Secretary of State John Kerry and his Russian counterpart Sergei Lavrov will meet with foreign ministers from Europe and the Middle East in […]

» Read more

Interfax: Cooperation with USA, Saudis against ISIS possible – top Russian diplomat

Russian Foreign Ministry Building Tower file photo

(Interfax – Moscow, November 9, 2015) Russia, Saudi Arabia and the USA can cooperate to fight ISIS and other terrorists in the Middle East if there is mutual interest in this, says special envoy of the Russian president for the Middle East and Africa, Deputy Foreign Minister of the Russian Federation Mikhail Bogdanov. “As regards the trilateral format of cooperation […]

» Read more

High-level Iranian and Saudi visits to Moscow raise speculation

Middle East Map

Recent visits to Moscow by the Iranian and Saudi foreign ministers, alongside talks with representatives of the Syrian opposition, have raised speculation that Russia could be acting as a mediator between Iran and Saudi Arabia as the lifting of sanctions on Tehran leave the situation in the Middle East in a state of flux. (Russia Beyond the Headlines – rbth.ru […]

» Read more

Saudi Arabia to invest $10bn in Russia via fund

Middle East Map

(Business New Europe – bne.eu – bne IntelliNews – July 7, 2015) Saudi Arabia’s Public Investment Fund, a sovereign wealth fund, will invest $10bn in Russia via the government-run Russian Direct Invest Fund (RDIF), in what will be Saudi Arabia’s biggest ever investment in Russia. “This is a landmark transaction, one of the largest transactions in the realm of sovereign […]

» Read more

Is Saudi Arabia Leaving The U.S. Behind For Russia?

Middle East Map

(Oilprice.com – Robert Berke – July 1, 2015) The news from the recent St. Petersburg Economic Forum, which took place from June 18 to 20, inspired a torrent of speculation on the future direction of energy prices. But the real buzz at the conference was the unexpected but much publicized visit of the Saudi Deputy Crown Prince, as an emissary […]

» Read more

Spy Malware Deployed Against Russia by Unknown Nation, Report Says

File Image of Stylized Eye Surrounded by Binary Code

(Moscow Times – themoscowtimes.com – Allison Quinn – November 25, 2014) Russian and Saudi Arabian telecommunications and Internet firms are being targeted by highly advanced cyber espionage malware that is likely being controlled by a Western intelligence agency, The Financial Times reported Monday. Leading computer security company Symantec issued a statement Sunday warning about a new piece of malware known […]

» Read more

Life in Russia with $80 oil

Oil Well file photo

(Business New Europe – bne.eu – Chris Weafer – October 17, 2014) Chris Weafer is Senior Partner at Macro-Advisory, which offers bespoke Russia-CIS consulting. From late 2010 until the middle of August this year, the price of Brent crude has traded within a relatively narrow range and averaged close to $110 per barrel. Over the past two months the price […]

» Read more

Saudi Arabia ‘a root’ of Syrian crisis – Russian expert

Saudia Arabia Map and Flag

(Interfax – MOSCOW, September 24, 2013) Russian Public Chamber member Sergei Markov said the world community must forge a mechanism for dealing with situations similar to the one in Syria. “One should make use of the energy of this crisis and work out a model of dealing with such conflicts,” Markov told the Open Rostrum roundtable in the State Duma. […]

» Read more