#Russia

Top 10 countries with the world’s largest oil reserves

The oil market has been hit hard in 2020, with prices plummeting to record lows

Saudi Prince and Putin urge OPEC+ compliance as oil prices sag

While oil prices have more than doubled since OPEC+ began curbing supplies, Brent crude is still down 36 per cent this year

UAE’s MeznSat satellite all set to launch from Russia

The MeznSat project will contribute to the UAE Space Agency’s objectives to develop national capabilities and enhance scientific research

Dubai’s Emirates resumes A380 service to Moscow

Emirates currently serves five cities utilising its A380 aircraft, including Cairo Paris, London Heathrow, Guangzhou and Toronto

Dubai carrier Emirates to restart passenger operations to Moscow from September 11

The addition of Moscow will take Emirates’ global network to 85 cities in September

Saudi mountains, Crimean beaches beckon for staycations in Covid-times

As the Covid-19 pandemic dented international travel and tourism, companies look to capture domestic spending that normally goes abroad

OPEC readies next move in bid to avoid oil-market taper tantrum

While oil prices have recovered to $43 a barrel in London, from a two-decade low of $15.98 in late April, sentiment in the market remains fragile

Saudi oil exports to US plunge to lowest level in 35 years

The kingdom has exported just one cargo to the US so far in June, equivalent to about 133,000 barrels a day

Saudi Arabia to end extra voluntary oil cuts after June

Brent crude, the international benchmark, fell 2.5 per cent to $41.23 a barrel at 4.29pm in London, erasing earlier gains

Saudis make biggest oil price hike in 20 years after OPEC+ cuts

Brent crude, down 36 per cent this year, has clawed back some of its losses and ended trading on Friday at more than $40 a barrel

OPEC+ extends oil cuts in win for Saudi-Russian alliance

All the member nations signed off on a new deal for a production cut of 9.6 million barrels a day next month

Brent oil rises past $40 as OPEC+ cut extension looks likely

While crude has now doubled from its low in mid-April, the path back to pre-virus levels of oil demand still looks uncertain

OPEC+ set to discuss short extension of oil production cuts

Production cuts are meant to be eased to about 7.7 million barrels a day in July

Russia sees oil market balance in June-July on OPEC+ cuts

Producers have lowered global oil supply by around 14-15 million barrels a day

Oil anchored near $24 on lingering concerns about global glut

US crude stockpiles rose for a 15th week, although at a slower pace, while supplies at the Cushing storage hub expanded

Oil price war ends with historic OPEC+ deal to cut output

The accord caps a tumultuous month when Brent crude plunged to its lowest in nearly two decades, falling toward $20 a barrel

Flydubai operates 23 repatriation flights, plans up to 10 more over the next week

The flights operated to Afghanistan, Croatia, Egypt, Iran, Russia, Sudan, Somaliland and Thailand

Aramco delays oil pricing amid Saudi-Russia row on oil cuts

Benchmark Brent crude has plunged 48 per cent this year