Russia and OPEC

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 OPEC delegates say no meeting planned in February

OPEC delegates say no meeting planned in February

Four OPEC delegates told Bloomberg that they have no meeting planned with Russia.  The Wall Street Journal also reports, with reference to one of the cartel members, that there is no decision to convene a session. …

El-Badri plans to meet with Novak next summer

El-Badri plans to meet with Novak next summer

OPEC Secretary General, Abdallah Salem el-Badri, said before the ministerial meeting in Vienna, that he expects to meet with the Russian Energy Minister Alexander Novak in the summer 2016. "We have …

Peskov: Russia and OPEC don't coordinate their actions yet

Peskov: Russia and OPEC don't coordinate their actions yet

Kremlin spokesman Dmitry Peskov said that there is no question of coordinating actions between Russia and OPEC yet, but the sides are exchanging information on oil production. The 168th OPEC meeting is being held …

Peskov: Russia has no plans to join OPEC

Peskov: Russia has no plans to join OPEC

At the moment, Russia’s accession to OPEC is not on the agenda, Kremlin spokesman Dmitry Peskov said. "As far as we know, let's say, the Russian Federation has contacts with OPEC representatives at the …

Sechin: OPEC is losing functions as a market regulator

Sechin: OPEC is losing functions as a market regulator

The Organization of Petroleum Exporting Countries (OPEC) has invited Russia to become its member, Rosneft CEO Igor Sechin said. He noted that the talks held between Russia and OPEC are quite positive, but ...

Dvorkovich: prices can affect amount of Russian crude oil

Dvorkovich: prices can affect amount of Russian crude oil

Russia has no plans to reduce oil production, but if the oil prices remain low for a long time, there will be a certain decline in production, Russian Deputy Prime Minister Arkady Dvorkovich said. "There cannot be …

Maduro: oil may drop to 30 dollars

Maduro: oil may drop to 30 dollars

Venezuelan President Nicolas Maduro informed that, in his view, the lower limit of the price of oil is the mark of 30 dollars per barrel. He made the statement on the television program En Contacto con Maduro. In …

El-Badri: we expect stabilization of oil prices

El-Badri: we expect stabilization of oil prices

OPEC is expecting the stabilization of the oil market in the long term, oil prices will stabilize in 2016, Secretary General of OPEC, Abdallah Salem el-Badri, said during the meeting of the OPEC-Russia Energy Dialogue in Moscow.

Russia and OPEC to discuss situation on oil market on July 30

Russia and OPEC to discuss situation on oil market on July 30

The Russian Energy Ministry and OPEC will discuss oil markets and the Iran situation on July 30, Russian Energy Minister Alexander Novak said. "We will discuss the situation on the oil market on the whole, taking into account the …

OPEC says cooperation with Russia is fruitful

OPEC says cooperation with Russia is fruitful

OPEC Secretary General Abdalla Salem El-Badri said that the cooperation between Russia and OPEC is productive."We will discuss topics of mutual interest, the market situation, the relationship between OPEC and Russia and many other issues," he stressed."I think it (the cooperation between OPEC and Russia) works and it is fruitful," TASS cited OPEC Secretary General as saying.