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Tag Archives: Russia oil price war

Oil Heavyweights Look Ready for a Showdown

Two politicians shaking hands. Observers in background

BLOOMBERG, SEPTEMBER 27, 2020 Saudi Arabia and Russia don’t agree on how to approach faltering oil demand. We’ve already seen where such a standoff can lead. By Julian Lee for Bloomberg – Oil producers could be set for another showdown before the end of the year, with heavyweights Saudi Arabia and Russia holding different views on how to approach the halting recovery in oil demand. …

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Russia has two weeks of flour left before it runs out

Russian queues for bread in the 1980's

PortandTerminal.com, March 29, 2020 MOSCOW – Russia is running out of wheat, buckwheat, another grain food staples in the country. The country has enormous currency reserves, so there is little chance that people will starve, but it is making things difficult for local mills and manufacturers. Rosneft is reporting that “The Russian Union of Flour and Groats Enterprises warns that …

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