The 2021 oil price rally is far from over — RT Business News

Even after hitting the highest levels in several years in recent days, oil prices have further room to rise this winter. At least short-term market fundamentals suggest so, analysts say. Inventories around the world have fallen to below the pre-pandemic five-year average as stocks are depleting, with demand bouncing back amid a weaker supply response from producers. The energy crunch […]

Russia is ready to boost coal & gas supplies to China, but says problems with transportation remain — RT Business News

Beijing has been in talks with Moscow on increasing fossil fuel deliveries to China. However, despite Russia’s readiness to cooperate, transportation problems may hinder the efforts, the Russian ambassador to China says. “The Chinese economy is quite rapidly recovering from the [Covid-19] pandemic crisis [but] there are certain imbalances that no one hides here. And, according to the forecasts that […]

RT’s Keiser Report probes Bank of England warning that bitcoin could cause financial meltdown — RT Business News

The Bank of England has warned investors this week that bitcoin could cause a collapse of the financial system, while a recent Reuters report slammed the UK as the “bank scam capital of the world.” Max Keiser and Stacey Herbert try to find out who’s right, speculating whether the 300-year-old Bank of England, aka ‘the global epicenter of financial fraud’, […]

India to become $10 TRILLION economy by 2030 – minister — RT Business News

Economic growth in India is accelerating as the pandemic has led to the revival of the nation’s health sector and increased exports, Minister of Petroleum and Natural Gas of India Hardeep Singh Puri says. Other growth factors include increased economic activity, the country’s rise in the global manufacturing index, the achievement of renewable energy targets, the highest-ever foreign exchange reserves, […]

Russia boosts gas supplies to Italy by nearly 16% this year – Gazprom — RT Business News

Russian state energy giant Gazprom increased natural gas exports to Italy by 15.9% in January through October 2021, compared to the same period last year. According to the company’s report, in 2020, Gazprom supplied Italy with 20.8 billion cubic meters of natural gas. The blue fuel is supplied to Italy under three long-term contracts between Russia’s main natural gas exporter, […]

Russia’s foreign trade turnover may surpass pre-pandemic level – Federal Customs Service — RT Business News

The volume of Russia’s foreign trade turnover from the start of 2021 amounted to $570 billion, data from the Federal Customs Service (FCS) shows. The department says the indicator may exceed the level of 2019 by year’s end. “Now our trade turnover has already amounted to about $570 billion, as of mid-October. Almost the same as in [all of] 2020,” […]

‘Wind not blowing this year!’ Boom Bust looks at how climate policies relate to the global energy crunch — RT Business News

22 Oct, 2021 12:27 Follow RT on While nations across the world are pledging to move away from fossil fuels toward renewables, energy prices continue to surge. The crisis could leave tens of millions of Europeans facing a freezing cold winter, some experts say. Boom Bust talks to Tobin Smith of Transformity Research about the ongoing power crunch and how […]

Second line of Nord Stream 2 pipeline will be filled with gas in December – Putin — RT Business News

Russia is ready to start supplying gas to Europe via the Nord Stream 2 pipeline as soon as it receives the appropriate permission from the German regulator, President Vladimir Putin said. Speaking at the Valdai Discussion Club on Thursday, he said technical works on filling the second string of the pipeline with gas would be completed by the middle or […]