(Russia Matters – russiamatters.org) 7 Things to Know Putin has shot down proposals to lower the threshold for nuclear weapons use in Russia’s doctrinal documents, but called for Russia to de-ratify the CTBT. When asked by Sergei Karaganov at the Valdai Club meeting on Oct. 5 whether Russia should “modify the doctrine on using nuclear weapons, lowering the nuclear threshold,” Putin said: “[T]here […]
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“… China has also made recent headway with its Middle East diplomacy. … [especially with] Iran and Saudi Arabia … broker[ing] a deal to restore diplomatic relations between [them]. … [Global] developments [relating to Chinese influence] are causing some concern in Washington. … A significant divergence in attitudes to the war in Ukraine is driving [global] shifts [in attitudes towards […]
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“The OPEC+ pact is hurting the Russian economy, potentially giving … Putin a reason not to agree on an extension …. While higher crude prices can bring … additional revenue, production cuts are weighing on one of the country’s biggest industries. … [Putin] may have to weigh his desire for faster economic growth against the benefits of his alliance with […]
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“… Russia and Saudi Arabia ha[ve] agreed to ‘institutionalize’ their two-year old bilateral arrangement to coordinate oil production targets in order to smooth out global price fluctuations. Being two of the world’s three biggest oil producers – the third is the United States – their combined weight can be decisive. In 2016, Moscow and Riyadh agreed to slash production, and […]
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“Oil has … [surpassed] $80 a barrel for the first time since November 2014. OPEC’s inventory target for output cuts has been met. … even though [Russian] oil companies want to turn on the taps and its finance ministry may be worried about prices rising too far, Russia won’t [end] its output deal with the group … when … participants […]
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(Oilprice.com – Cyril Widdershoven – October 7, 2017) Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently, he holds several advisory positions with international think tanks in the Middle East and energy sectors in the Netherlands, the United Kingdom, and the United States. The geopolitical reality in the Middle East is changing dramatically. The impact of […]
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As King Salman becomes the first Saudi Monarch to visit Moscow, The Wall Street Journal reports on efforts by OPEC to keep Russia in an ad hoc coalition to suppress global oil production. “Saudi Arabia and OPEC are lobbying Russia to stay on board with their efforts to raise oil prices, amid signals that Moscow wants to end its participation in costly […]
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(Bloomberg – bloomberg.com – Wael Mahdi , Elena Mazneva, Ilya Arkhipov – October 3, 2017) Saudi Arabia is looking at unprecedented deals to acquire #oil and #gas assets in Russia, deepening ties between the world’s largest energy exporters as the Saudi king prepares to visit Moscow later this week. OPEC’s biggest crude producer is considering investing in Russia’s largest oil […]
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“… A number of developments in recent months have signalled a possible rapprochement between Russia and Saudi Arabia. The two countries have made a joint effort to push for further cutting of oil production to help bring up prices. Since the beginning of this year, Russian Minister of Energy Alexander Novak and his Saudi counterpart Khalid al-Falih have been seeking to conclude […]
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(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 […]
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“… 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 […]
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“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 […]
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(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 […]
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(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 […]
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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 […]
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