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Wednesday, 8 April 2026

EU to face austerity amid absence of cheap oil — Russian security official

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 MOSCOW: European Russophobic figures will be forced to live in austerity for quite a while since cheap oil will no longer be available, Rus...

Oil production dip in Middle East estimated at 7.5 mln barrels per day — EIA

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MOSCOW: Oil production in countries of the Middle East dropped by 7.5 mln barrels per day (bpd) in total in March 2026, the US Energy Inform...

Brent price loses 15% on ICE falling below $92 per barrel first since March 11

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 MOSCOW: The price of futures contracts of Brent crude oil for June 2026 delivery lost 15% at the start of trading on London's ICE, havi...

IN BRIEF: Russian Prime Minister comments on current energy market situation

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MOSCOW: Amid turbulence on the global energy market its participants are turning back to Russia as a reliable supplier, Prime Minister Mikha...

Ten-point plan to end war: US accepts Iran’s proposal

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  WASHINGTON: Iran presented its ten-point plan to the US on the 39th day of the conflict. US President Donald Trump said the proposal was ...

Trump escalates rhetoric against Iran as deadline for deal nears

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  WASHINGTON: Iran will cease to exist if a deal doesn’t get done by tonight’s deadline, President Donald Trump said. "A whole civiliza...

Russia’s Lavrov discusses Persian Gulf escalation with UAE counterpart

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MOSCOW: Foreign Ministers Sergey Lavrov of Russia and Sheikh Abdullah bin Zayed Al Nahyan of the United Arab Emirates (UAE) discussed the on...