OPEC Edges Closer to Extending Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) is about to make its decision on extending the output cut agreement, according to the UAE energy minister Suhail Al-Mazroui.
Russia | Egypt Oil & Gas - Part 19
Oil Could Drop to $30 Due to Supply Glut
Russia is growing concerned of a scenario that could see crude oil prices drop to as low as $30 a barrel if the OPEC-led output deal is not extended.
Aramco Reiterates Interest in Arctic LNG 2 Project
Saudi Aramco remains interested in buying a stake in Russia's Novatek Arctic LNG 2 project, according to the Saudi Energy Minister Khalid Al-Falih.
OPEC Nears Extending Production Cuts
More talks are still needed with non-OPEC producers that were part of the output deal.
Gulf OPEC Members to Raise Output in Case of Shortage
The Gulf members of the Organization of the Petroleum Exporting Countries (OPEC) plan to meet the oil market demand in case of a supply shortage.
Russia Remains Undecided on OPEC Output Deal
Russian Energy Minister, Alexander Novak said that it was too early to speak about preferable options, adding that “we should do what is more expedient for us.”
Gazprom Sees OPEC-Led Deal Ending in H1 2019
Gazprom Neft now assumes the deal will be effective until the middle of the year.
Russia to Raise Oil Output from June
Russia plans to change the supply deal with the Organization of the Petroleum Exporting Countries (OPEC) and increase its oil output upon meeting OPEC in June.
OPEC Struggles to Keep Russia Longer in Oil Cuts
Saudi Arabia struggles in persuading Russia to stay longer with the Organization of Petroleum Exporting Countries (OPEC)’s strategy of oil cuts.
OPEC Mulling 1M b/d Oil Output Cut
Saudi Arabia, the biggest OPEC producer, is discussing a proposal to cut oil output by up to 1 million barrels per day (b/d) between OPEC and allies.
