Russia | Egypt Oil & Gas - Part 21
Saudi Arabia, Russia Agree on Extending OPEC+ Deal
Saudi Arabia and Russia have agreed to extend the deal sponsored by the Organization of Petroleum Exporting Countries (OPEC) to cut oil production by another six to nine months, according to Saudi Energy Minister Khal...
Russian Oil Output Rises to 11.15 M b/d
Russia’s oil production has increased during June 1-25 to an average of 11.15 million barrels per day (b/d), up from around 11.04 million b/d in June 1-10, Reuters reported. Russian oil output in May dropped to 11.11 ...
Russia’s Lukoil Calls for Permanent OPEC+ Production Cuts
Lukoil believes that the production cut agreement between the Organization of the Petroleum Exporting Countries (OPEC) and its allies should become permanent, according to Vagit Alekperov, Lukoil CEO, Reuters reported...
Iran, Russia Discuss OPEC Summit Date
Iranian Oil Minister, Bijan Zanganeh, discussed with his Russian counterpart, Alexander Novak, recent updates about the date of the next Organization of the Petroleum Exporting Countries (OPEC) summit to decide on ext...
Iran, Russia Ink Energy Cooperation MoU
Iran and Russia have signed a memorandum of understanding (MoU) to increase cooperation in the energy sector, according to SHANA news agency, Reuters reported. The Iranian Deputy Oil Ministry, Amir Zamaninia, has met ...
Saudi Arabia Voices Support for Extending OPEC Cuts
Saudi Arabia believes that the Organization of the Petroleum Exporting Countries (OPEC) should decide to extend the production cut agreement during the Vienna summit in July, according to Saudi Energy Minister Khalid ...
OPEC Edges Closer to Extending Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) is about to make its decision to extend the production cut agreement, the UAE energy minister Suhail Al-Mazroui revealed during the International Economic F...
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 output cut deal, sponsored by the Organization of the Petroleum Exporting Countries (OPEC), is not extend...
