the Organization of the Petroleum Exporting Countries (OPEC)
Monday, 13th April 2020
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced yesterday to cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, curbing global oil supply by 20%.
Monday, 3rd June 2019
Russian crude oil production has declined to its lowest level since June 2018, reaching 11.11 million barrels per (mb/d) in May.
Thursday, 11th April 2019
Russia is committed to apply the oil supply cut agreement with the OPEC and its allies, according to UAE’s Energy Minister, Suhail Al-Mazroui.
Wednesday, 10th April 2019
Russia has not taken its final decision on extending the crude oil output cuts, as per the OPEC-led agreement.
Tuesday, 9th April 2019
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.
Tuesday, 5th March 2019
OPEC and its allies will not determine their output policy in April to reconsider the full impacts of their production cuts on the market.
Wednesday, 20th February 2019
Russia's President Vladimir Putin and Saudi Arabia's King Salman bin Abdulaziz Al Saud, in a telephone conversation, stated continuing their support for coordinating the global energy markets, the Kremlin said.
Sunday, 9th October 2016The Energy ministers from Saudi Arabia, Iran, and Iraq will be among representatives of key member's of the Organization of the Petroleum Exporting Countries (OPEC) producers meeting with Russia for informal discussions on oil output.