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For the first time in ten months: the price of Brent oil exceeded $91 per barrel after the statements of Russia and Saudi Arabia

Price of Brent crude oil rose above $2022 per barrel for the first time since November 91. The market reacted to the decision of Russia and Saudi Arabia to continue voluntarily reducing exports and production of raw materials until the end of 2023. Against this background, the cost of Russian oil is also growing steadily and has already significantly exceeded the ceiling of $60 set by the West. Such dynamics should have a positive impact on the state of the budget and the ruble, analysts are sure. ....

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As Shortfall In Russian Energy Export Revenues Persists, Russian Government Turns To Businessmen For 'Contributions'

Russian officials expect a temporary downturn in receipts from hydrocarbon exports. Energy Minister Nikolai Shulginov told the State Duma: "For 2023, we expect oil production levels to be slightly lower, including due to a voluntary reduction in oil production on part of the producers. ....

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Press review: Assad pays visit to Moscow and Ramstein meeting holds off on fighter jets

Top stories from the Russian press on Thursday, March 16th ....

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