The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced on April 12 a record oil deal that will cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through...
Russia’s oil production fell in May to 11.11 million barrels per day (mb/d), down from 11.23 mb/d produced in April, its lowest level since June 2018, according to official data, Reuters reported. The main reason for ...
Russia is committed to apply the oil supply cut agreement with the Organization of Petroleum Exporting Countries (OPEC) and its allies, according to the United Arab Emirates (UAE)’s Energy Minister, Suhail Al-Mazroui,...
Russia is yet to take a final decision about whether it will be necessary to extend the current oil output cut deal with the Organization of the Petroleum Exporting Countries (OPEC) and its allies, according to Russia...
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, Head of Russian Sovereign Wealth Fund RDIF, Kirill Dmitri...
The Organization of Petroleum Exporting Countries (OPEC) and its allies will not determine their output policy in April to reconsider the full impacts of their production cuts on the market, three sources reportedly t...
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 ...
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 discuss...