Russian energy companies Rosneft and Lukoil will bid on contracts to develop shallow-water oil fields in the Gulf of Mexico, according to the Mexican authority.
The Italian delegation led by Economic Development Minister Carlo Calenda will participate St. Petersburg International Economic Forum (SPIEF), Antonio Fallico, chairman of Banca Intesa, a Russian subsidiary of Italy's Intesa Sanpaolo bank, told Sputnik.
The Russian energy minister is expected to discuss with his EU counterpart a number of issues, including the problem of gas supplies to Ukraine, at the sidelines of the international specialized exhibition EXPO 2017 in Kazakhstan.
Asian oil refineries might start feeling shortages of crude oil supplies following the extension of OPEC oil extraction caps, resulting in higher global oil prices, even though oil futures suffered a blow following the OPEC meeting on Thursday.
The Japanese delegation at the St. Petersburg International Economic Forum (SPIEF) will be comprised of leaders of major companies and will be headed by the country's Economy Minister Hiroshige Seko, a source in the the Russian Embassy in Japan told Sputnik on Friday.
US economic performance was not quite as dismal at the beginning of the year as previously thought – if slower Q1 growth is anything bad after several years of first-quarter economic contractions – yet, economic forecasts for the second quarter remain quite contradictory.
When it comes to the economy, neither the Conservatives nor Labour has set out an honest set of choices over their tax and spending plans, the Institute of Fiscal Studies has said – and the nation's poorest would suffer under either party.
Belarus proposes to promptly establish a common market for gas, oil and petroleum products, Prime Minister Andrei Kobyakov said Friday.
According to German magazine Der Spiegel, President Donald Trump slammed the German-US trade deficit as unacceptable. Focusing on the German car industry, Trump is reported to have said, "The Germans are bad, very bad." The White House has attempted to soften the president's stance amid growing negative press coverage of Trump's European tour.
The Czech delegation at the upcoming St. Petersburg International Economic Forum (SPIEF), including officials and business representatives, will be led by Minister of Industry and Trade Jiri Havlicek, the ministry's spokesman Frantisek Kotrba told Sputnik Friday.
The local development fund between China and Russia could contribute to the development of regions in the Russian Far East, Chinese Foreign Minister Wang Yi said Friday.
RDIF is ready to establish partnership with US companies at the upcoming St. Petersburg International Economic Forum, RDIF's CEO Kirill Dmitriev said Friday.
US President Donald Trump said during his meeting with EU leaders in Brussels that Germans were "very bad" because of the huge number of German cars being sold to the United States, Germany's Spiegel magazine reported, citing those present at the meeting.
Kazakh authorities support the decision by the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers to extend the oil cuts accord and would continue to fulfill its obligations within the framework of the deal, the Kazakh Energy Ministry said Friday.
Swiss business looks forward to cooperating with Russia in hi-tech industries such as pharmaceuticals, civil aviation and shipbuilding, Yves Morath, the head of Swiss Business Hub Russia, told Sputnik.
Following the meeting of OPEC and non-OPEC oil exporting states in Vienna, the price of Brent crude oil has dropped below $51 per barrel for the first time since May 15.
Following the meeting of OPEC and non-OPEC oil exporting states in Vienna, Russian Energy Minister Alexander Novak said that oil producers are capable of preventing the rapid fall in prices at the moment, adding that a technical committee working on the issue is in place.
Russian Energy Minister Alexander Novak said on Thursday that oil prices will likely grow in the wake of the Vienna output reduction deal, but won't reach the levels seen before 2014.
The decision to extend the Vienna deal on oil production cuts will help balance the markets, Pavel Zavalny, the chairman of the Russian parliament lower house Energy Committee told Sputnik Thursday.
Russian companies may participate in the development of the offshore Farzad B gas field in the Persian Gulf, Iranian Minister of Petroleum Bijan Zangeneh said Thursday.
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