Russia Financial News

By Lucinda Elliott and Miguel Lo Bianco

₹6,730 per barrel on the Multi Commodity Exchange (MCX). Also Read: Oil market oversupplied with record-high US output, Brent seen at $87-$92 for 2024: ShareKhan's Mohammed Imran -On Thursday, the IEA raised its view on 2024 oil demand for a fourth time since November as Houthi attacks have disrupted Red Sea shipping. The IEA has adjusted its forecast for global demand growth upwards by 110,000 barrels per day (bpd), bringing the total to 1.3 million bpd.

Russian-occupied parts of Ukraine, are eligible to cast a ballot in Russian elections, which take place over three days until March 17.But how they vote doesn’t matter. Vladimir Putin will win.‘We have a very similar situation (to the joke),” University of Professor Aurel Braun says, adding Putin will not only win but determine the vote’s percentage.“And therefore, this is a sham election.”Putin has been president since 2000, pausing between 2008 and 2012 to take the lesser prime minister role and only because the Russian constitution bans anyone from serving more than two terms in a row.Through plebiscites and reform, the former KGB agent has changed the rules.

Kim Jong Un used a Russian luxury limousine gifted by President Vladimir Putin recently, Kim's sister said Saturday, praising the car's «special function» and the two countries' deepening bilateral ties. In February, Putin sent Kim a high-end Aurus Senat limousine, which he had shown to the North Korean leader when they met for a summit in Russia in September. Observers said the shipment violated a United Nations resolution aimed at pressuring the North to give up its nuclear weapons program by banning the supply of luxury items to North Korea.

Telangana on Saturday, the BJP said in an official statement. The BJP is formulating strategies to win more seats in the Lok Sabha elections in the state this time. The party's top leaders have already focused on Telangana.

Vladimir Putin electronically submitted his vote in the presidential elections on the first day of Presidential elections, the state media TASS said. The Kremlin released video footage depicting Putin walking to a computer in his office, voting, and subsequently smiling and waving at the camera. A message displayed on the computer screen confirmed the successful casting of his vote.

Elections are in the air. Whether it's India's that's around the corner, Russia's currently underway, or Britain's and America's this winter, democracies take pride in conducting elections — even when some do it less freely and fairly than others. Incumbent Vladimir Putin, for instance, will be declared victor for the fifth — and third consecutive — time.

Hindustan Petroleum Corp Ltd (HPCL) posted a combined net profit of ₹69,000 crore in the current financial year till the October-December quarter (Q3FY24). The OMCs have recouped losses registered in 2022 over frozen retail prices of petrol, diesel rates after international crude oil prices soared to a 14-year mark with Brent hitting $140 per barrel in March 2022 due to the Russia-Ukraine war-led spike.

Ukraine said Friday that Russian forces had pounded the Black Sea port city of Odesa with missiles, killing more than a dozen people including a paramedic and a rescue worker. Exhausted emergency service workers covered with blood and dirt doused flames and treated wounded colleagues in the wake of the strike, images distributed by authorities showed. Local officials said Russian aerial bombardments struck residential buildings and cars leaving at least 14 people dead and wounding another 46 people, including rescuers.

Russian Presidential Election: The first day of voting in Russia's presidential election was marred by acts of vandalism at polling stations Friday, with at least nine arrests for pouring dye into ballot boxes and arson attacks. Vladimir Putin is set to secure another six years in the Kremlin after a three-day vote he has cast as a show of Russians' loyalty and support for his military assault on Ukraine, now in its third year.

Rajnath Singh on Friday asserted that the days were not far when 'Ram Rajya' will be established in India, which would be among the top three economies in the world by 2027. He also hit out at those branding the BJP communal over the implementation of the Citizenship (Amendment) Act or CAA and demanded to know under what circumstances the population of Hindus in Pakistan dwindled to about 3 per cent from about 23 per cent. Addressing a rally at Itkhori, around 160 km from state capital Ranchi, Singh said, «Ram Rajya will be established in India with the consecration of Ayodhya temple… Ram Lalla has reached his palace from his hut.» «India will be 'vishwaguru' (world leader) under Prime Minister Narendra Modi on the back of development work undertaken by him and it is God's wish that he remains the PM not only for the third time but for the fourth time as well,» he said.

Moscow for the return of Indians who were duped into fighting Russia's war against Ukraine, the Ministry of External Affairs spokesperson Randhir Jaiswal said that India is “pressing very hard with the Russian authorities for their early discharge." He also said that efforts are going on to bring back the mortal remains of two Indians who passed away in Russia. He said that the paperwork has been done and there are chances that the mortal remains of the two Indians will be handed over to the family in India by 16th or 17th March. “We also have two people who passed away.

Lawmakers in the European Parliament have adopted a non-binding resolution saying Russia should return gold and other valuable heritage items to Romania that were sent to Moscow during World War I for safekeeping

Russian lawmakers have criticized Moscow over its “failure” to regulate the crypto sector, claiming that inaction harms the nation’s economy.

2.2 million barrels per day (bpd) till mid-2024. Saudi Arabia will extend its voluntary cut of one million bpd in June, leaving its output at around nine million bpd, much below its capacity of 12 million bpd.

The price of cryptocurrency's flagship stock has shot above the €55,000 ($60,000) mark for the first time since November 2021, when it hit a record-high of what today would be the equivalent of above €60,000 ($68,991). 

By Arathy Somasekhar

Investing.com-- Oil prices fell slightly from four-month highs in Asian trade on Friday, seeing some profit-taking and pressure from the dollar as hotter-than-expected U.S. inflation data pushed up fears of a more hawkish Federal Reserve. 

Russia is holding its presidential election from Friday as President Vladimir Putin is widely expected to secure victory, barring any unforeseen developments. The election results are anticipated to be announced shortly thereafter, with the winner set to be inaugurated in May. If successful, Putin will begin another six-year term, extending his tenure as the longest-serving Kremlin leader since Josef Stalin.

Lok Sabha 2024 polls. Modi, who will arrive here at 10.30 am, will address a public meeting. Party sources said one lakh people will be present at the venue.

Vladimir Putin on Thursday urged Russians to stay the course in the face of a «difficult period», hours before polls open in a vote set to extend his hardline rule. The former KGB agent is set to secure another six-year term this weekend in a vote the Kremlin says will show society is fully behind his assault on Ukraine.