OPEC ministers during the meeting in Vienna agreed to extend the restrictions on oil production by nine months.  Non-OPEC countries must ratify the agreement on Wednesday.

An unidentified object that fell on the territory of Cyprus on the night of July 1 is supposedly a Russian-made missile, Cyprus Mail reports with reference to Turkish Foreign Minister Kudret Ozersay.

Igor Yushkov, an expert of the National Energy Security Fund, told  when fuel prices could rise in Russia.

The country's oil minister Bizhan Namdar Zangane noted the increased influence of Moscow and Riyadh