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Oil and gas markets experts believe Russia will raise its export duty on crude by 6 percent to $268.90 per ton.

Russia may raise oil export duty on its Urals blend from the current $253.6 to $268.9 per metric ton from March 1, following trends on global oil markets, a Finance Ministry official said.

The world is currently awash in cheap natural gas but low prices and an economic recovery could spur a price recovery in the not too distant future.

The largest oil trader in the world, Vitol, said Monday it had stopped dealing with Iran.

Grains, metals and energy all rose slightly Wednesday after the dollar fell against other currencies.

Oil turned positive on Thursday, rising towards $78 a barrel as the dollar weakened after an unexpected increase in US jobless claims, and on strikes in French refineries.

The Russian government intends to hold auctions in the coming months to offer stakes in state companies as part of a program to privatize government shareholdings.

Oil climbed toward $75 a barrel today, extending the previous session's gain of 1%, buoyed by an upbeat oil demand growth forecast by the US Energy Information Administration (EIA) and hopes of a rescue plan for Greece.

Russian state-controlled energy giants OAO Gazprom and OAO Rosneft Monday said quarterly earnings rose on higher global energy prices and increased exports.

Oil prices went up Tuesday as traders took their cue from falling dollar

U.S. crude prices reversed some of last week's losses and rose toward $72 a barrel on Monday.

So far in 2010, front-month Brent crude oil prices have traded in a $10 per barrel range, from just above $70 per barrel to just above $80 per barrel.

The most promising investment opportunities are increasingly found outside the United States, yet the vast majority of Americans place little stock in overseas markets.

The Russian market will be the world’ s most attractive developing market this year.

Since the middle of 2008 the Russian market has tracked the oil price; the rule of thumb that the Russian RTS Index is the oil price times 20 has been the somewhat uninspiring reality.

Oil bounced back above $77 on Wednesday, reaching its highest level in almost two weeks.

After a growth of 5.6% in 2008, the gross domestic product of the Russian federation declined 7.9% last year.

European stocks slipped Tuesday, as concerns regarding the general health of global economies and fears emanating out of Asia regarding the bank sector hit sentiment, prompting a decline in oil prices while giving less risky asset classes a boost…