St. Petersburg should be renamed, a Russian presidential candidate has said Nikolay Kharitonov, the Communist candidate for the Russian presidency, has endorsed a referendum to decide whether to rename St. Petersburg as Leningrad again and vowed to give Volgograd its old name – Stalingrad.

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Goldman Sachs analysts expect global prices for crude to soar to $140 per barrel as soon as this summer, as a decline in Russian production, along with a gradual recovery in China’s demand, is expected to add to pressure on what are already low supplies.