Saudi Arabia believes that the Organization of the Petroleum Exporting Countries (OPEC) should decide to extend the output curbs during its next summit in Vienna, according to Saudi Energy Minister Khalid Al-Falih ...
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 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.
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.
More talks are still needed with non-OPEC producers that were part of the output deal.
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.
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 Neft now assumes the deal will be effective until the middle of the year.
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.
Saudi Arabia struggles in persuading Russia to stay longer with the Organization of Petroleum Exporting Countries (OPEC)’s strategy of oil cuts.
