Sibir Energy Plunges 57% on Russian Billionaire ‘Bailout’

Sibir Energy Plc, a London-traded Russian oil producer, fell the most since it listed in 1997 after announcing plans to buy $340 million worth of property from billionaire shareholder Chalva Tchigirinski.

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Source: Bloomberg

Russia: Rosneft Profit Beats Estimates as Oil Rises to Record

OAO Rosneft, Russia’s largest oil company, posted third-quarter profit that exceeded analysts’ estimates after crude prices rose to a record...

Read more Russia: Rosneft Profit Beats Estimates as Oil Rises to Record

Source: Bloomberg