Russia to privatize its largest shipping company

Russia is in talks with Asian investors on the privatisation of state shipping company Sovcomflot, the…

Russia says Greenpeace boat ruling will encourage illegal protests

Russia has rejected a ruling by an international arbitration court which said Moscow must pay damages…

Russia fined $6m over Greenpeace ‘Arctic Sunrise’ seizure

  Russia must pay the Netherlands more than 5 million euros ($5.79 million) in damages for…

Nigerian oil minister unable to attend Russia meeting -Kuwait minister

Nigeria’s oil minister is unable to attend the OPEC and non-OPEC ministerial monitoring committee meeting in…

OPEC breaks own record as compliance to oil deal hits 106%

The Organisation of Petroleum Exporting Countries (OPEC) has beat its own oil cut compliance record, which…

OPEC panel looking at deepening, extending oil cuts -Sources

An OPEC panel reviewing scenarios for the oil producer group’s meeting next week is looking at…

Oil prices extend gains

Oil prices gained further Tuesday, boosting energy companies’ shares, after Russia and Saudi Arabia indicated they…

Oil rises on expectations of extended OPEC-led production cut

Oil prices rose on Friday as traders expected OPEC-led production cuts to extend beyond the middle…

HMM bolsters China-South Korea-Russia coverage

South Korean shipping company Hyundai Merchant Marine (HMM) has extended its offering on a route connecting…

Nigeria buys helicopters, vehicles from Russia, UAE to fight Boko Haram

Nigeria’s Defence Minister Mansur Dan-Ali on Wednesday, said the country had procured modern equipment from Russia…

OPEC reports big Saudi oil cut, boosting compliance with deal

  Top Organisation of the Petroleum Exporting Countries (OPEC) oil producer Saudi Arabia made a large…

Russia beats Saudi Arabia as China’s top crude oil supplier

Russia overtook Saudi Arabia in 2016 to became China’s biggest crude oil supplier for the first…