Tag: OPEC

Ruble Falls After News of Russia’s Agreement with OPEC

February 16, 2016

LIVE UPDATES: Within minutes of the news that Russian Energy Minister Aleksandr Novak had met with OPEC members in Doha and agreed to freeze oil extraction at the level of January 11, the ruble, which had been rallying, fell in value, Welcome to our column, Russia Update, where we will be closely following day-to-day developments […]

Russia Update: ‘Ruble Drowning in Oil’

December 1, 2014

Welcome to our new column, Russia Update, where we will be closely following day-to-day developments in Russia, including the Russian government’s foreign and domestic policies. The previous issue is here, and see also our Russia This Week. The ruble continues to drop along with the price of oil, and the Russian government announces the partial […]

‘Oil Weapon’ Will Not Make Russia Go the Way of the USSR, Moscow Analysts Say

April 8, 2014

Staunton, April 8 – Many in both Moscow and the West believe that the US destroyed the USSR by driving down oil prices and could do the same thing with the Russian Federation now, but in fact, the West did not deploy the oil weapon that effectively in the past and could not do so […]