- Bloomberg•27 days ago
Lukoil PJSC is seeking opportunities for growth in the Middle East as Iran opens more of its oil fields to international partners, according to the Russian energy company’s regional head.
- Reuters•last month
Russian equity funds rocketed away from their emerging market peers in 2016, overtaking Brazilian funds in the second half, whilst on the emerging debt side it was contrarian bets in beaten down Latin American names that paid off. Russian funds filled the top three places in a league table of emerging equity funds based on performance data from Lipper, after an oil price recovery kickstarted the economy. Chris Bannon, fund manager of the Pictet Russian Equities fund, which topped the equity table with a return of over 70 percent, said he was optimistic for 2017, seeing potential for more upside driven by earnings growth, coupled with today's cheap valuations.
- Reuters•2 months ago
It has defeated armies trying to invade Russia in the past, and now the fabled Russian winter has come to Moscow's rescue again, this time helping it comply with a deal among world oil exporters on cutting output. Russia, which has in the past been accused of dragging its feet in implementing oil production and exports deals, reduced production by 100,000 barrels a day in the first few days of January, industry sources told Reuters. Late last month and in early January, temperatures fell as low as minus 60 Celsius (minus 76 Fahrenheit) across Siberia, rendering metal brittle, causing power supply disruptions, halting cars' engines and making it impossible for people to work outside in the open air.
LKOH.ME : Summary for OIL CO LUKOIL PJSC RUB0.025(RUB - Yahoo Finance