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abtest

US sanctions raise concerns for foreign investors

By Danica Kirka and Jonathan Fahey | May 1, 2014 - 2:44am

US sanctions targeting the president of Russia's largest oil company could complicate the operations of Western oil companies with important investments in Russia, such as BP and Exxon.

World

Official: Russia to cut oil exports, increase domestic consumption

March 15, 2009 - 5:56pm

MOSCOW (Xinhua) -- Russia will cut its oil exports and add up domestic consumption amid the global financial crisis and slipping energy price, a senior energy official said on Sunday.

GLOBAL NEWS: OPEC cuts record 2.2. million barrels a day

December 18, 2008 - 1:51am

ORAN (AP) – OPEC yesterday agreed to slash a record 2.2 million barrels from its daily production as of Jan. 1, while the bloc's outsiders Russia and Azerbaijan announced their own cutbacks of hundreds of thousands...