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Tag Archives: Russia

OPEC wants 10 million bpd production cut

The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day (bpd), an OPEC source said on Friday, adding that any further cuts must include producers from outside the alliance. U.S. President Donald Trump on Thursday said he had brokered a deal that could …

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Oil price plundge forces Arab, African petro-pegs

Oil’s $30 price plunge this week has sharply increased strains on a number of pegged currencies in energy-exporting emerging markets, above all in Nigeria and Oman where currencies have come under pressure in forward markets. The coronavirus threat to an already fragile global economy and an oil price war between …

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UN want immediate halt to bloodshed in Idlib

The United Nations reiterated its appeal on Friday for a halt to hostilities in northwest Syria, saying it feared that the violence “may end in a bloodbath”. Some 60% of the 900,000 people who have fled but are trapped in a shrinking space are children, OCHA spokesman Jens Laerke told …

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Turkey takes decisive action against Syrian forces

Turkish forces have hit 115 Syrian government targets and destroyed 101 of them in retaliation for an attack that killed five Turkish soldiers in Syria’s rebel-held northwest, the Turkish Defense Ministry said on Monday. The ministry said Turkish forces would continue to retaliate any attacks on its troops, which have …

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Iran ready to mediate between Syria, Turkey

Iran is ready to help Ankara and Damascus resolve their disputes, the Iranian Foreign Ministry said on Saturday. In a meeting between the visiting United Nations’ special envoy for Syria, Geir Pedersen, and Iranian officials, Tehran underlined the importance of resolving issues in Syria through diplomacy, it said on its …

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Germany calls for reaffirmation of Iran nuclear deal

German chancellor Angela Merkel on Saturday repeated a call for all parties to respect the Iranian nuclear accord, despite Iran’s decision to intensify its enrichment of uranium and moves by the United States to impose economic sanctions. Under a deal brokered in 2015, known as the Joint Comprehensive Plan of …

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Russia, China block UN move to block aid to Syria

Russia, backed by China, on Friday cast its 14th U.N. Security Council veto since the start of the Syrian conflict in 2011 to block cross-border aid deliveries from Turkey and Iraq to millions of Syrian civilians. The resolution, drafted by Belgium, Kuwait and Germany, would have allowed cross-border humanitarian deliveries …

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US Senate passes anti-Turkey legislation

A U.S. Senate committee backed legislation on Wednesday to impose sanctions on Turkey after its offensive in Syria and purchase of a Russian S-400 missile system, the latest move in the chamber to push Republican President Donald Trump to take a harder line against Ankara. The Republican-led Senate Foreign Relations …

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Dubai Business Women Council recieves European delegation

The Dubai Business Women Council, DBWC, and a high-level European delegation yesterday discussed ways to foster cooperation and develop networking mechanisms with business communities. The business delegation, comprising 11 businesspersons representing some of the most prominent start-ups in Europe, including France, Germany, Russia, the United Kingdom, Estonia and Italy, was …

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Russia planes help Syria counter rebel attack

Russia’s air force helped the Syrian army to repel attacks carried out by militants in the Idlib province on Sunday, TASS news agency reported on Monday, citing a senior defense ministry official. Militants carried out two attacks on Syrian government forces’ positions using tanks and armored vehicles on July 28, …

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Turning Point in US Foreign Policy?

By Graham E. Fuller | Is American foreign policy,  so long drifting towards collapse and irrelevance, about to be revolutionized? An article written by veteran journalist Stephen Kinzer in the Boston Globe today contains exciting news with revolutionary implications for US foreign policy, America’s place in the world, and a …

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Putin warns against US war on Iran

Russian President Vladimir Putin said on Thursday that a U.S. military attack on Iran would be a catastrophe for the Middle East that would trigger a surge in violence and a possible refugee exodus. Putin, speaking during his annual televised question and answer session, said Moscow believed Tehran was in …

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Russia tells US to pull new Mideast troops

Russia told the United States on Tuesday to drop what it called provocative plans to deploy more troops to the Middle East and to cease actions that looked like a conscious attempt to provoke war with Iran. The comments, from Deputy Foreign Minister Sergei Ryabkov to Russian news agencies, followed …

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Iran and Russia planning OPEC meeting, strategy

Iran’s oil minister is scheduled to meet his Russian counterpart in Iran later on Monday, industry sources said, raising hopes of progress in resolving a month-long impasse over when OPEC and its allies will hold their next policy gathering. The Organization of the Petroleum Exporting Countries and partners including Russia, …

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Russia defends Iran over tanker attack charge

Russia on Thursday warned against rushing to attribute blame for a suspected attack on oil tankers in the Gulf of Oman, and said the incident should not be used to stoke tensions with Tehran, Russia’s RIA news agency reported. Two oil tankers were attacked, leaving one ablaze and both adrift, …

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OPEC close to deal with non-OPEC states

OPEC is close to agreeing to extend an oil supply-cutting agreement beyond June, Saudi Arabia’s energy minister said on Friday, though the question is how to accommodate participating non-OPEC countries. The Organization of the Petroleum Exporting Countries, Russia and other non-members agreed in December to reduce supply by 1.2 million …

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Trump Idlib comments fall on deaf Kremlin ears

The Kremlin on Monday rebuffed criticism from U.S. President Donald Trump of Russian and Syrian government military action in Syria’s Idlib province, saying it was justified. Trump on Sunday urged Russia and Syrian government forces to stop bombing Idlib, following a Friday Kremlin statement that signaled Moscow would continue to …

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Saudi Arabia expanding nuclear power ambitions

Saudi energy minister Khalid al-Falih said on Monday the kingdom had launched a uranium exploration program and initial indications were positive, Al-Arabiya Business reported on Twitter. Falih added that a project to construct two nuclear plants, was proceeding at an excellent pace according to plan, according to Al-Arabiya. No further …

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Syria talks slotted for November 28-29

Russia, Turkey, and Iran will hold the next round of talks on Syria on Nov. 28-29 in Kazakhstan, Kazakh foreign minister Kairat Abdrakhmanov said on Monday. Delegations of the Damascus government and the Syrian rebels are also set to attend, Abdrakhmanov told reporters. Source: Reuters

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