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Global oil demand rises by 1.7 mln bpd in Q1 2025 — Saudi Aramco CEO

Amin Nasser also noted that global oil refining volumes hit record levels in the first quarter

MOSCOW, May 12. /TASS/. Global oil demand reached a record 104.3 mln barrels per day (bpd) in the Q1 of 2025, marking an increase of 1.7 mln bpd compared to the same period in 2024, President and CEO of Saudi Aramco Amin Nasser said.

According to him, despite ongoing volatility, the fundamental drivers of the oil market remain strong. In the Q1 of 2025, oil demand reached a record-high 104.3 mln bpd, which is 1.7 million bpd higher than in the Q1 of 2024, he stressed.

Nasser also noted that global oil refining volumes hit record levels in the first quarter.

At the same time, the head of Saudi Aramco drew attention to the slowdown in production growth in non-OPEC countries and the current level of global oil inventories, which he estimated to be at their lowest point in five years. According to Nasser, by the end of the first quarter, global oil stockpiles would have been sufficient to cover only 40 days of consumption.

MOEX Index up 0.26% as morning trading session opens

Russia totally right regarding special operation — Republika Srpska leader

In Milorad Dodik's opinion, Russia’s victory will improve the stability situation in Europe

Ukraine has no strategy for responding to Russia's ceasefire offer, expert says

According to Zheng Renyi, Russia’s call for talks carries elements of both inevitability and surprise

World community supports Putin's approach on Ukrainian settlement — Kremlin

Dmitry Peskov recalled that the Russian leader had made a statement in which he clearly and unambiguously outlined Moscow's position on the resumption of direct talks in Istanbul "without any preconditions"

Russian sailors to be evacuated from Seven Pearls tanker within next few days — embassy

The vessel was damaged by US airstrikes on Ras Isa in late April

Poland choses hostile path by closing Russian consulate general — Kremlin

Dmitry Peskov characterized Warsaw’s actions to reduce Russia’s diplomatic presence in Poland as "constituent links in this overall scheme to downgrade bilateral relations, which are already in dire straits"

Russian women most beautiful in world, over 80% of citizens surveyed say in new poll

The poll data shows that 11% of young Russian women aged 18 to 24 years old would like to take part in a beauty contest, while 70% of Russian men would be willing to see their significant other participate

Russian Security Council Secretary Shoigu extends military contract until 2030

Sergey Shoigu's military rank is Army General

Afghanistan bans chess over ‘religious considerations’

All events related to this sport have been canceled

Russian diplomat sees NATO exercise in Lithuania as directed against Russia

According to Alexander Grushko, two military districts are being re-established and a tank corps is being formed in Karelia as a measures

Trump to sign decree on May 12 to reduce drug prices in the US by 30-80%

US President stressed that he has been concerned for years about the high cost of drugs

India, Pakistan to consider troop pullback from border — agency

Previously, it was reported that New Delhi and Islamabad are poised to continue negotiations

Russia now has no channels of dialogue with French president — Kremlin

Meanwhile, Macron, together with German Chancellor Friedrich Merz, British Prime Minister Keir Starmer, and Polish Prime Minister Donald Tusk, arrived in Kiev on Saturday

Leading European nations plan to use ‘all feasible levers’ to strengthen NATO — statement

The countries also pledged to continue providing weapons to Ukraine, enhance its defense industry capacity and explore the creation of a "coalition of air, land and maritime reassurance forces"

Russian diplomat accuses France, Germany, UK of seeking to extend Ukraine conflict

According to Alexander Grushko, statements by European politicians are hard to comment on because their position changes dramatically within a short span of time

Global oil demand rises by 1.7 mln bpd in Q1 2025 — Saudi Aramco CEO

Amin Nasser also noted that global oil refining volumes hit record levels in the first quarter

Settlement in Ukraine not just signing of document, but complex process — Kremlin

Russian President Vladimir Putin on May 11 invited Ukraine to resume the direct negotiations without preconditions interrupted in 2022

Bank of Russia raises dollar exchange rate for May 13 to 80.89 rubles

The official euro exchange rate was lowered by 2 rubles 3 kopecks to 90.1117 rubles

Rubio thanks Turkish foreign minister for helping with Russia-Ukraine talks

They also discussed the NATO informal ministerial meeting in Antalya that is set to take place from May 14-15

Belarus hopes upcoming Russia-Ukraine talks in Istanbul lead to peace

"Russia is talking about peace, is taking the first steps and wants to sign a serious agreement," Alexander Volfovich said

Kurdish PKK decides to dissolve itself, embracing democratic politics

The PKK added that at this stage, it is important that Turkey’s parliament assume its historical role

Turkey’s top diplomat thinks Russia, Ukraine may soon reach compromise on talks

Hakan Fidan described the current situation where Ukraine demands a ceasefire before any talks and Russia insists that negotiations be held first as a political impasse

India to talk with Pakistan only on countering terrorism, Kashmir — PM Modi

"This is not an era of war, but it is not an era of terrorism either," the prime minister said

Global demand for oil and gas not yet peaked, will remain dominant by 2050 — Novak

According to the official, the growth rate of global demand for gas will lag only behind the pace of development of renewable energy sources

China to cut tariffs on US goods to 10%

Beijing and Washington agreed to establish a mechanism to continue discussions about economic and trade relations

Edan Alexander arrives in Israel after release from Hamas captivity

With Alexander being release, Hamas continues to hold 58 hostages in the Gaza Strip, according to the Israeli side

Kremlin spokesman slams Poland’s accusations over shopping mall fire as groundless

Earlier, a major fire broke out at a shopping mall in Warsaw, Poland’s authorities claimed "Russian special services" were behind the accident

Foreign ministers of China, Brazil call for settling Ukraine crisis

The meeting took place in Beijing on May 12 and was also attended by the Brazilian president’s foreign policy advisor, Celso Amorim

Ukraine waging smear campaign against Budapest — top Hungarian diplomat

"This is happening because of the strong position Hungary has taken on continued war in Ukraine," Peter Szijjarto said

Xi Jinping to use Hongqi N701 limousine in Moscow — source

Hongqi will supply twenty H9 executive cars and ten H10 business minivans for guests during the Victory Day activities

Gagauzian leader decries house arrest as 'political persecution', vows to fight

Earlier in the day, the Chisinau District Court ruled to extend Gutsul's house arrest by 30 days

India shoots down several Pakistani planes — air force spokesman

Bharti declined to talk about the losses of the Indian Air Force

Over 50% of Russia’s oil output by 2030 to come from hard-to-recover reserves — expert

According to Russia’s Energy Strategy through 2050, the country is expected to reach an oil production volume of 540 mln tons by 2030 and maintain that level through mid-century

Zelensky's Istanbul meeting comments 'pure theatrics' — senior Russian senator

"That’s not how high high-level meetings are arranged, especially given the seriousness of the situation", Konstantin Kosachev said

EU to prepare fresh anti-Russian sanctions unless truce in Ukraine starts by May 13

If the ceasefire is not in place by the end of the day, the European side will move for further sanctions, German Government Spokesman Stefan Kornelius said

Russian troops liberate Kotlyarovka community in Donetsk region over past day

Russia’s Battlegroup Center inflicted more than 440 casualties on Ukrainian troops and destroyed three enemy armored fighting vehicles and two artillery guns in its area of responsibility

Likelihood of key rate hike persists but has decreased — Bank of Russia

"Although the likelihood of a key rate hike persists, it has decreased compared to March," the regulator said

Australian mercenary eliminated in Kharkov Region — ABC

Australian Prime Minister Anthony Albanese and the country’s Foreign Ministry have confirmed Parsons’ death and advised Australians against traveling to Ukraine

Germany ready to lend diplomatic hand at potential Istanbul talks — government

Stefan Kornelius warned that if the parties fail to reach a ceasefire, it will be up to Kiev to decide whether to come to the negotiating table in Istanbul

Emergencies Ministry sappers destroy 2,100 munitions in Kursk Region over month

The demining zone includes 122 border settlements

Russian ambassador to Poland says outlook for bilateral relations not good

Sergey Andreyev that while Russia has kept its door open for Polish citizens who wish to visit Kaliningrad, Warsaw is making maintaining normal ties impossible

Putin declares creation of unstoppable nuclear-powered missile

Putin showed a video modelling the flight of a nuclear power plant-equipped cruise missile circumventing missile defenses

Russia to retaliate closure of its Consulate General in Krakow — ministry spokeswoman

Maria Zakharova said that the response will be "asymmetric"

As many as 230 air attacks by Ukrainian forces thwarted in a week in DPR

According to the FSB Directorate, the most intensive activity of enemy reconnaissance UAVs over the regional capital was recorded on the eve of the Victory Day celebration

South Africa expects leaders from all G20 countries to attend summit in Johannesburg — MFA

The G20 summit will kick off under the South African chairmanship on November 22

The Netherland, Australia want ICAO to oblige Russia begin talks on MH17 case

According to the Dutch government, the ICAO Council ruled earlier in the day that Russia "is responsible for the downing of flight MH17"

Data centers consume over 1% of global electricity, may increase usage 2-4 times — Novak

Earlier, Rosneft CEO Igor Sechin emphasized that existing energy capacities are already insufficient to meet the growing demand from data centers

Press review: Turkey to host Russia-Ukraine talks as NATO starts drills by Russian border

Top stories from the Russian press on Monday, May 12th

National Wealth Fund volume totals $144.6 bln as of May 1 — Russian Finance Ministry

As of May 1, the volume of the fund’s liquid assets totaled 3.297 trillion rubles

UAC delivers another batch of Su-35S fighter jets to Russian Defense Ministry

The 4++ generation aircraft have run the gamut of tests by the manufacturer, have been tested in various working modes, and have performed a flight to the base aerodrome

Polish authorities provide no evidence of Russia’s involvement in acts of sabotage — envoy

Poland’s authorities claimed "Russian special services" were behind a 2024 mall fire in Warsaw

Russia’s oil output growth to 540 mln tons needs extensive use of hard-to-recover reserves

According to Alexander Novak, hard-to-recover, waterlogged, and depleted reserves account for about 60% of Russia’s total oil reserves

Kremlin praises Trump’s calls to Kiev to take part in meeting proposed by Russia

Dmitry Peskov also recalled that Turkish President Recep Tayyip Erdogan confirmed his readiness to do everything possible to host talks

EU waits for talks in Turkey before pushing for sanctions against Russia — report

According to Bloomberg, US officials made it clear to their European counterparts on May 12 that they wanted to allow an opportunity for Russian and Ukraine to hold the talks

Russian investigators launch criminal probe into Ukrainian attack on Rylsk in Kursk Region

Investigators are currently looking at which Ukrainian armed formations may have been behind this crime

PREVIEW: Putin to hold meeting with Delovaya Rossiya business group on Tuesday

He also plans to talk to participants of the organization's conference via video link

Russia’s peace terms at Istanbul talks to be tougher than in 2022 — Russian MP

Speaking to reporters in the Kremlin on May 11, Russian President Vladimir Putin invited the Kiev authorities to resume the direct talks they broke off in 2022 without any preliminary conditions

Russian troops destroy Ukraine’s HIMARS MLRS used to shell Kursk Region — top brass

The reconnaissance unit of Russia’s battlegroup North uncovered the location of the system near the settlement of Nagornovka in the Sumy Region

Hungary rejects EC’s plans to halt Russian oil, gas imports — PM Orban

Viktor Orban noted that the initiative would lead to soaring oil, natural gas and electricity prices and "simply destroy the Hungarian economy"

Beijing says reduction of reciprocal tariffs by China, US meets both countries’ interests

Beijing hopes that Washington will continue working "on fully correcting the wrong practice of unilateral tariff hikes"

Zelensky says ready for talks in Istanbul

This statement came after US President Donald Trump called on Ukraine to immediately agree to the negotiations proposed by Russian leader Vladimir Putin, which could take place in Turkey on May 15

Russia's Shnaider nyets win at 2025 WTA Italian Open

Shnaider will now do battle with 6th-seeded Jasmine Paolini from Italy, with a semifinals berth at stake

West insists on 30-day ceasefire to give Kiev time to regroup — Russian diplomat

The diplomat recalled that the 2019 Paris summit will be remembered for Zelensky's surprise move when he unexpectedly refused to approve the final document that had been preliminarily agreed by all signatories

Turkish, French top diplomats discuss Ukrainian reconciliation — sources

Earlier on Monday, Fidan discussed Ukrainian reconciliation with US Secretary of State Marco Rubio

UK counter-terror police investigate fire at prime minister’s home

the fire broke out at Keir Starmer’s personal property in north London, estimated at approximately $2.6 million, which is rented out

Russia says Ukraine lost many armored vehicles, heavy drones in fighting for Kotlyarovka

The statement followed the Russian Defense Ministry’s announcement on May 12 that units of the battlegroup had liberated the village

European countries pledge to rearm Ukraine

The sides also expressed commitment "to robust security guarantees for Ukraine"

Hamas says has released US-Israeli hostage

Hamas reiterated its readiness "to resume talks on a comprehensive and permanent ceasefire" in the Gaza Strip

Russia’s GDP growth rate slows to 2% in Q1 2025 — Central Bank

According to the Central Bank's forecast, the GDP growth rate will slow down to 1-2% in 2025 and to 0.5-1.5% in 2026

Top Turkish, Russian diplomats discuss Ukrainian settlement — sources

Earlier in the day, the top Turkish diplomat raised the topic of the Ukrainian settlement in his calls with US Secretary of State Marco Rubio and French Foreign Minister Jean-Noel Barrot

US sanctions 3 individuals, 1 company from Iran

The restrictions will freeze any assets that the designated persons and entity have in the US and ban US nationals and companies from doing business with them

Russia may close Poland’s diplomatic missions in Kaliningrad, Irkutsk — diplomat

Earlier in the day, Polish Foreign Minister Radoslaw Sikorski decided to shut down the Russian Consulate General’s Office in Krakow

Drones, gunfire reported in northern India near border with Pakistan — newspaper

In turn, the ANI news agency reported that explosions were heard in the area as India’s air defenses engaged aerial targets

Putin’s talks proposal, new sanctions threats — key themes of Kremlin briefing

According to Dmitry Peskov, Russia is set "to seriously seek ways for a long-term peaceful settlement of the Ukraine conflict"

Electric vehicles could account for one-third of global car fleet by 2050 — Novak

According to data from analytical agency Autostat, Russia’s new electric vehicle market reached a new milestone in 2024, with 17,800 electric cars sold, which represents a 26.4% increase compared to 2023

Russia plans to set up around 10 new gas chemical facilities by 2050 — Novak

By 2050, the share of transport running on natural gas motor fuel in Russia will exceed 10%, while the number of infrastructure facilities supporting natural gas motor fuel will surpass 3,000 nationwide

Russian stock market closes with gains in key indices

The MOEX index rose by 2.78% to 2,930.17 points

India suspends strikes on Pakistan, further moves depend on Islamabad’s steps — PM Modi

The Indian PM noted that Pakistan decided to hit India instead of helping in the fight against terrorism

Coming to Istanbul and beginning negotiations is easy if Kiev wants it — Kremlin aide

"A proposal on negotiations without preconditions has been made," Yury Ushakov noted

Unrest erupts in Libya’s capital

The Interior Ministry of the Tripoli-based Government of National Unity urged the residents to stay in their homes

Russia’s Krakow consulate to close in at least 30 days — senior Polish diplomat

Three diplomats will be declared personae non gratae

Zelensky approves ratification of minerals deal with US

He has also signed a bill to create the US-Ukrainian reconstruction investment fund

Russian army to start battles for Krasnoarmeysk after seizure of Kotlyarovka — expert

Since 2014, Ukrainian troops have built "a large number of fortifications" in Krasnoarmeysk, Andrey Marochko noted

UN hails initiatives on Ukrainian settlement — spokesman for UN chief

According to Stéphane Dujarric, the United Nations is ready to "support any and all meaningful initiatives to that end"

Top Russian, Turkish diplomats discuss Putin’s initiative on talks in Istanbul on May 15

Speaking to reporters in the Kremlin on May 11, Russian President Vladimir Putin invited the Kiev authorities to resume the direct talks they broke off in 2022 without any preliminary conditions

Leading EU countries, UK express support for 30-day ceasefire in Ukraine

The participants in the meeting also agreed "to pursue ambitious measures to reduce Russia’s ability to wage war"

Control of border village of Kotlyarovka to help repulse enemy attacks on DPR, expert says

Earlier the Russian Defense Ministry reported the liberation of the bordering village in the DPR by Russia’s Battlegroup Center

Rubio calls EU, Ukraine counterparts to discuss settlement prospects — State Department

US Secretary of State spoke with top EU diplomat Kaja Kallas and the foreign ministers of France, Germany, Poland, the UK and Ukraine

Tripoli-based officials say military operation in Libya’s capital over

The Defense Ministry said it directed the troops to "complete the implementation of its plan in the region to ensure sustainable security and stability"

China to provide $9.2 bln worth of loans to Latin American countries

According to Xi Jinping, the China wants to import even more high-quality products from the region’s countries

North Korea’s military presence at May 9 parade shows Moscow-Pyongyang close bond — expert

Russian military expert Alexander Stepanov noted that real military cooperation with the Korean People’s Army and the Democratic People’s Republic of Korea that has been implemented in practice is especially significant

60th Mendeleev Chemistry Olympiad to be held in Moscow

Each of the 10 members of the Russian team at the 59th International Mendeleev Chemistry Olympiad that kicked off in Belo Horizonte, Brazil, on May 6, has won a gold medal

Russia’s ownership of Crimea not up for debate, Republika Srpska leader insists

Commenting on the European Union as a bloc, Milorad Dodik questioned its powers

Zelensky says wants Trump to be present at talks in Istanbul

Trump said earlier that he could travel to Istanbul if he felt this would be useful for the Ukraine settlement talks

All Russian participants at Mendeleev Olympiad win gold medals setting new record

Last year, Russian participants took home five gold and five silver medals

Russia, as winning party, made generous proposal to Ukraine — expert

Rangarirai Shoko, the CEO of Zimbabwe's New Ziana News Agency, said that Russian President Vladimir Putin's "peace talks are meant to find common ground to end the conflict durably"

Russia has enough coal reserves to last it over 500 years — deputy PM

Alexander Novak noted that Russia has a vast resource base and every opportunity to efficiently extract and use these reserves to reliably meet domestic demand and expand export supplies

Russian forces advance within 1 km of Ukrainian border in Dnepropetrovsk, DPR advisor says

Russian forces have been pushing forward along the entire line of contact in the DPR, Igor Kimakovsky noted

Kotlyarovka’s liberation paves way for Russian troops to Dnepropetrovsk Region

Kotlyarovka neighbors the Dnepropetrovsk Region to the southwest of Krasnoarmeisk

Hungarian authorities welcome Russia’s proposal to negotiate with Ukraine in Istanbul

The Hungarian politician went on to say that it is important to prevent Brussels from obstructing the effort for peace in Ukraine

Trump says may depart to Istanbul if this facilitates negotiations on Ukraine

When asked whether he was ready to join Europe and toughen anti-Russian sanctions, Trump replied: "If I felt it would be important toward getting the deal done"

	
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