US EditionRussian Oil Majors Report Income Dip on Weak Price, Strong Ruble
7 Articles
7 Articles
Profits for Russian oil companies plummeted in the first half of the year. Lower crude oil prices and a stronger Russian currency, the ruble, explain the deterioration in profitability.
Profits for Russian oil companies plummeted in the first half of the year. Lower crude oil prices and a stronger Russian currency, the ruble, explain the deterioration in profitability.
The fall in world oil prices, a new wave of sanctions and a strong ruble have hit Russia's economy hard.
Lower crude oil prices and a stronger ruble had a significant impact on the revenues of Russia’s major energy companies in the first half of the year. Specifically, the Russian state-owned… Russia: Oil and ruble “gnaw” at energy companies’ profits - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
All Russia's largest oil companies have reported a loss of profits.
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