Global oil markets are heading for a crash that will slash 20% off of the crude price this year, Russian businessman Oleg Deripaska predicted on Tuesday. The tycoon’s warning comes after oil prices fell by about 4% on Monday on sharp price cuts announced by top exporter Saudi Arabia for exports in February. Oil has…
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Supplies via the Power of Siberia pipeline will grow by 50% this year, Deputy PM Novak has announced Russia will increase natural gas exports to China by nearly 50% this year, as Moscow is steering towards greater energy cooperation with Beijing, Russian Deputy Prime Minister Aleksandr Novak said on Sunday.
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