Russia has sufficient fuel reserves - Novak
Sufficient fuel volumes have now been secured in Russia to supply the domestic market, Russia's Deputy Prime Minister Alexander Novak said.
Economy
Kazakhstan retains plans for oil output at nearly 100 mln tonnes in 2026
Kazakhstan's Energy Ministry has retained plans to produce 98 million tonnes of oil in 2026, Kazakh Energy Minister Erlan Akkenzhenov said.
Azerbaijan sends 26 wagons of fuel to Armenia
Another batch of petroleum products has been exported from Azerbaijan to Armenia, according to the Azerbaijan Railways (ADY) CJSC.
Russia bans fish imports from all Armenia
Russia has banned imports of fish and fish products from all suppliers in Armenia who had the right to export to the country.
EU approves 1-year extension of anti-Russian economic sanctions
The Council of the European Union extended the EU restrictive measures for 12 more months, i.e. until July 31, 2027.
US-Iran deal must safeguard Gulf states' interests - GCC
The Gulf Cooperation Council (GCC) said Thursday that any future regional understandings or arrangements must incorporate the security requirements of Gulf states and safeguard their interests.
US considers charges for passage through Strait of Hormuz unacceptable - Rubio
The United States regards the Strait of Hormuz as an international waterway and considers any attempt by Iran to charge vessels for passage through it unacceptable, U.S. Secretary of State Marco Rubio said during a meeting with the foreign ministers of the Gulf states in Bahrain.
Iraq warns it might leave OPEC - report
Iraq has considered leaving OPEC if the oil producer group does not allow Baghdad to significantly increase oil production, Reuters reported, citing sources.
Azerbaijani Minister of Economy meets with Astrakhan region vice-governor
Azerbaijan's Economy Minister Mikayil Jabbarov held a meeting with Vice‑Governor and Chairman of the Government of Russia's Astrakhan Region Denis Afanasyev to discuss ways of strengthening regional economic relations.
ESCAP sees Trans-Caspian Green Corridor as future RES export route
The Trans-Caspian Green Corridor could emerge as a long-term strategic route for exporting surplus electricity generated from renewable energy sources (RES), Project Manager at the Secretariat of the UN Economic and Social Commission for Asia and the Pacific (ESCAP) Sergey Tulinov said at the Eurasian Development Bank’s Annual Meeting and Business Forum.
Trump seeks nearly 700 mln dollars for removal of Iranian uranium
The administration of U.S. President Donald Trump is seeking $672 million to fund operations aimed at removing Iran’s enriched uranium and …
Novak gives instructions to ensure priority fuel supplies
The latest meeting on the fuel market situation held by Russia's Deputy Prime Minister Alexander Novak focused on organizing fuel supplies within the framework of northern deliveries, the government's press service said.
Brent oil prices down below 73 dollars
Oil prices have fallen to levels last seen before the start of the Iran war as tankers begin passing through the Strait of Hormuz.
20 mln barrels of oil transported through Strait of Hormuz in 24 hours
Another 72 commercial vessels transited the Strait of Hormuz in the past 24 hours, US Energy Secretary Chris Wright informed
Total gas production in Russia increases by over 4
Liquefied natural gas (LNG) production increased significantly between January and May
Peskov points to trend toward declining role of dollar
A trend toward a declining share of the dollar as a global reserve currency is becoming increasingly evident, Russian Presidential Spokesman Dmitry Peskov said at the 12th Primakov Readings international academic and expert forum.
Oman opens free maritime corridor through Strait of Hormuz
Oman announced the opening of a temporary maritime corridor for vessels transiting the Strait of Hormuz, citing its responsibility toward one of the world's most important shipping routes and its commitment to freedom of navigation.
Qatar estimates timeframe for LNG export recovery
Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani said the Gulf state would resume normal liquefied natural gas production “within a few weeks”, the Financial Times reported on Wednesday.
Trump orders probe as oil prices stay high
U.S. President Donald Trump expressed his dissatisfaction with oil prices not falling fast enough in his country as he authorized a probe into this situation.
Azerbaijan, Irkutsk Oblast deepen cooperation
The parties discussed expanding ties in trade and tourism
