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OPEC agreed to extend its oil-production cuts to the end of next year as the job of rebalancing the market is not yet done, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be …
Russia and Saudi Arabia reached consensus on oil supply cuts, Russian Energy Minister Alexander Novak said after meeting his Saudi counterpart Khalid al-Falih. "We understand that we need …
Until a month ago, oil analysts and investors thought a nine-month extension of the OPEC production cut agreement was a foregone conclusion
Saudi Energy Minister Khaled al-Falih said on Tuesday that there was flexibility and options were open on an OPEC-led oil output reduction agreement, Reuters reported. Falih, who holds the rotating presidency of OPEC, …
They are needed to restore the oil market stability
Saudi Arabia is planning to invest in more than 25 agriculture, oil and gas projects in Russia, the Russian Industry and Trade Ministry's press service said in a statement. Russian Minister of Industry and Trade Denis …
Moscow and Riyadh are pushing to extend their deal to limit crude oil production for another three months, which would leave the output deal between OPEC and non-OPEC producers for another three months, up to the end of June 2018, The Wall …
Baghdad and Riyadh discuss prospects for agreements within OPEC +
Saudi Arabia's Energy Minister Khalid al-Falih does not rule out another oil production cut but stressed that the kingdom will not take any unilateral action, the Al Sharq Al Awsat newspaper reported. "The …
As part of its pledge to curb exports and shrink a global glut
U.S. Supplies Seen Lower
as rising output risks OPEC-led deal
Russia's Energy Minister Alexander Novak met with the Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih today. The meeting was also attended by the Chairman of the Mangament …
Iran does not see any difficulties in implementing any of the three options under discussion for the extension of the Vienna agreement on oil output cuts, Iranian Oil Minister Bijan Namdar Zanganeh said. "We have …
Egypt, Norway and Turkmenistan made signs of their willingness to join the oil production cuts, Kuwait's oil minister Essam al-Marzouq said. The minister noted that Saudi Energy Minister Khalid …
However, there is no any objection from OPEC members to a nine-month extension
All producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia’s energy minister, Bloomberg reports. The extension through the first quarter of 2018 will help producers reach …
Russia and Saudi Arabia are ready to extend the agreement on reducing oil production for another 9 months, until the end of March 2018. Russian Energy Minister Alexander Novak and Minister of Energy, Industry and …
OPEC will review several options of the future of the oil output cut deal between OPEC and other producing countries on at the meeting on May 15, United Arab Emirates Energy Minister Suhail al-Mazrouei said. He …
Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih was invited to take part in the 2017 St. Petersburg International Economic Forum (SPIEF), Russian Energy Minister Alexander Novak said …
