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Russia proposed to extend the OPEC+ agreement for a year, it was other countries that initiated leaving the deal, Russian Prime Minister Mikhail Mishustin said opening a government meeting. "We did not initiate the withdrawal from …
Stock markets in Europe and the US are braced for their biggest falls since the 2008 financial crisis
The OPEC+ may consider wrapping up their oil output reduction in 2020, Russian Energy Minister Alexander Novak told Rossiya 24 TV. "As far as the production cuts are concerned, I repeat once again, this is not …
OPEC’s Middle East oil flows shrink
Chief executive of Lukoil Vagit Alekperov said in that it would not be expedient to deepen global oil production cuts in the winter season, especially for Russia. He said that Russia would be able to restore oil …
Russia’s position on the future of the OPEC+ agreement cannot be disclosed yet, Russian Energy Minister Alexander Novak said. He said there was no decision yet on whether to exclude Russian gas condensate …
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) meeting and the OPEC meeting will be held on December 5. The OPEC and non-OPEC meeting is expected to be held on December 6, according to an OPEC source. The …
Ministers of OPEC+ nations will discuss the issue of demand-supply on the oil market at the Russian Energy Week, Russia’s Energy Minister Alexander Novak told reporters on the sidelines of the Forum today. …
OPEC Secretary-General Mohammed Barkindo said Tuesday that while his relationship with Russia is “strong,” the decision-making process at OPEChasn’t fundamentally changed, CNBC reports. “The …
Russia's Ministry of Energy expects that OPEC+ countries will come to a consolidated decision today on a deal to reduce oil production, but the discussion on this day will continue in any case, Russian Minister of Energy Alexander …
OPEC session has ended, and its member states agreed on extending the deal on cutting oil output for nine months starting from July, the Minister of Energy and Industry of the United Arab Emirates Suhail Al Mazroui said. …
The countries participating in the OPEC+ Monitoring Committee at today's meeting spoke in favor of extending the deal on reducing oil output for another 9 months starting from July, sources in the Middle East delegations said. …
The most probable and the most discussed period for renewal of OPEC+ oil production capping deal is until April of the next year, a high-ranking source in the alliance said. "Nine months, rather than six, …
OPEC+, a group of 24 oil-producing countries, look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude …
Russian Energy Minister Alexander Novak said that Russia was open to new dates for a meeting of OPEC+ nations, including on July 12. Novak noted that he had not yet discussed a change in meeting dates with his …
Oil price climbs after Saudi-Russia pact
The meeting of the OPEC and non-OPEC member states is expected to be postponed to July 2-4, Russian Energy Minister Alexander Novak said on the sidelines of the SPIEF St. Petersburg International Economic Forum (SPIEF). …
Russia has earned at least 6 trillion rubles after signing an agreement with OPEC+ countries due to oil price cuts, Russian Energy Minister Alexander Novak said. The deal increased the cost of crude oil by $10 per …
Russia is ready to cut oil output by 200,000 barrels per day. Russia is ready to cut oil output by 200,000 bpd if OPEC offers to cut more than 1 million bpd, Reuters reported. On December 6, OPEC ministers discussed the oil …
The OPEC/non-OPEC Joint Ministerial Monitoring Committee is expected to outline the guidelines for the overall oil output level in 2019 at the meeting in Vienna on December 5-7.
