It's going to take the oil market a number of months to get well from the present turbulence, Russian Vitality Minister Alexander Novak stated on Tuesday, including that plummeting oil costs weren't a shock for Russia. ...

Cooperation between Russia and the Group of Petroleum Exporting Nations (OPEC) has bought to an abrupt cease after Moscow refused to again new deeper cuts on oil output. The transfer has despatched oil costs right into a downward spiral. ...

The US shale trade continues to indicate indicators of slowing down, with manufacturing declining in main shale basins outdoors of the Permian. ...

Russia has continued filling its coffers with gold, having added virtually 7 tons of the valuable steel to its reserves in January. ...

The Russian financial system has confirmed that it may face up to Western sanctions and falling oil costs, Matthias Siller, co-manager of the Barings Rising Europe Fund, has mentioned. ...

Crude oil costs slid a painful 15% in January - the most important January slide since 1991- because the coronavirus claims the loss of life of greater than 200 souls and counting. ...

The American Petroleum Institute (API) estimated on Tuesday a shock massive crude oil stock draw of four.27 million barrels for the week ending January 24, in comparison with analyst expectations of a 482,000-barrel construct in stock. ...

Gold is as soon as once more proving its fame as the normal protected haven throughout occasions of uncertainty. The worth of the dear steel has been rising amid persevering with worries over the unfold of the coronavirus. ...

The value of crude continued to plunge on Monday, dragged down by fears of the lethal coronavirus outbreak, elevating considerations concerning the world financial development. ...

Shares of Russian metals firm Nornickel (Norilsk Nickel) surged 2.25 % on Monday throughout buying and selling on the Moscow Alternate, hitting an all-time excessive. ...