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Russia agree to cut 200,000 bpd

Russia is ready to cut oil output by 200,000 barrels per day. Russia is ready to cut oil output by 200,000 bpd if OPEC offers to cut more than 1 million bpd, Reuters reported. On December 6, OPEC ministers discussed the oil …

Putin and Novak discuss OPEC talks in Vienna

Russian President Vladimir Putin and the country's Energy Minister Alexander Novak held discussions prior to a meeting with the Organization of the Petroleum Exporting Countries in Vienna, a Kremlin …

Russia to produce record amount of gas

Russia’s gas production is on track to exceed a record amount of  700 bln cubic meters in 2018, head of the Energy Ministry’s department of oil and gas production and transportation Alexander Gladkov said. …

 Will Russia issue government bonds in yuan?

The Russian Finance Ministry hopes to place federal loan bonds in the Chinese yuan next year, head of the ministry's Department of National Debt and State-Owned Financial Assets Konstantin Vyshkovsky said during a video …

Oil drops 5% on concern over size of OPEC output cut

Oil prices plunged anew this morning amid a closely watched OPEC gathering in Vienna, where major producers have yet to reach an agreement on anticipated output cuts, according to an official. WTI crude for January delivery lost …

Turkey to hold Kanal Istanbul tender in 2019

Turkey plans to hold a tender for the construction of a 45-km shipping canal running parallel to the Bosphorus, Turkish President Recep Tayyip Erdogan told a meeting of his AK Party in Ankara. “The Kanal …

Iran not to cut oil output while under sanctions

Iran will not discuss its OPEC quota as long as it is under sanctions, Iranian Oil Minister Bijan Namdar Zanganeh said, speaking after the session of the OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) in …