Rosneft Q1 profit falls 35% after oil prices drop

27 June 2015, News Wires – OAO Rosneft, Russia’s largest oil producer, said first-quarter profit fell 35 percent, hurt by last year’s decline in crude prices. Net income dropped to 56 billion rubles ($1 billion) from 86 billion rubles a year earlier, the Moscow-based company said in a statement on its website. That topped the 36.5 […] More »