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Putin Says Russian Economy Faring Better than Expected

President Vladimir Putin said late on Tuesday that the Russian economy was performing better than expected after Prime Minister Mikhail Mishustin reported to him that gross domestic product growth and inflation have been surprisingly positive. GDP growth may exceed 2% this year and consumer price inflation may not rise above 5% in annual terms, Mishustin told Putin at a meeting at the Kremlin. The International Monetary Fund expects the Russian economy to grow 0.7% this year.

United statesSaudi arabiaAsharq al awsatRicardo evangelistaAlexander novakLibyan oilMinistry of energyRussian deputy prime minister alexander novakOil minister mohamed ounTexas intermediate

Saudi, Russia extend oil cuts, sending prices higher

Saudi, Russia extend oil cuts, sending prices higher
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Saudi Arabia, Russia deepen oil cuts, sending prices higher, Auto News, ET Auto

Saudi Arabia and Russia, the world s top oil exporters, will deepen oil cuts to boost prices. Saudi Arabia will extend its voluntary oil output cut of one million barrels per day (bpd) to include August, and Russia will cut its oil exports by 500,000 bpd in August.

United statesSaudi arabiaAlexander novakOrganization of the petroleum exporting countriesLibyan oilMinistry of energyPetroleum exporting countriesRussian deputy prime minister alexander novakOil minister mohamed ounTexas intermediate

Italy s Eni signs US$8bil Libya gas deal

Italian energy company Eni and Libya’s National Oil Corp (NOC) have signed an US$8bil (RM33.9bil) gas production deal aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the North African country.

Giorgia meloniAntonio tajaniMatteo piantedosiMuammar gaddafiAbdulhamid al dbeibahFarhat bengdaraClaudio descalziLibya national oil corpGovernment of national unityAtlantic treaty organisation orNational oil corpNorth africanPrime minister giorgia meloniPrime minister abdulhamidNational unityNorth africa

Eni Pens $8B Libya Offshore Gas Deal

Italian energy company Eni and Libya's National Oil Corporation (NOC) signed an $8 billion gas production deal on Saturday…

Al qahirahGavin jonesAhmed tolbaAyman al warfaliMuammar gaddafiClelia ozielClaudio descalziAngus mcdowallAntonio tajaniGiorgia meloniMatteo piantedosiAbdulhamid al dbeibahFarhat bengdaraGovernment of national unityLibya national oil corporationNational oil corporation