Vagit Alekperov: wrong to deepen oil output cuts in winter
Chief executive of Lukoil Vagit Alekperov said in that it would not be expedient to deepen global oil production cuts in the winter season, especially for Russia. He said that Russia would be able to restore oil …
Russia cannot disclose plans on OPEC+ deal yet
Russia’s position on the future of the OPEC+ agreement cannot be disclosed yet, Russian Energy Minister Alexander Novak said. He said there was no decision yet on whether to exclude Russian gas condensate …
OPEC+ Joint Monitoring Committee meeting to be held on December 5 - source
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) meeting and the OPEC meeting will be held on December 5. The OPEC and non-OPEC meeting is expected to be held on December 6, according to an OPEC source. The …
Novak: OPEC+ ministers to discuss oil market in Moscow
Ministers of OPEC+ nations will discuss the issue of demand-supply on the oil market at the Russian Energy Week, Russia’s Energy Minister Alexander Novak told reporters on the sidelines of the Forum today. …
OPEC’s Barkindo says warmer ties with Russia haven’t changed decision-making process for oil supplies
OPEC Secretary-General Mohammed Barkindo said Tuesday that while his relationship with Russia is “strong,” the decision-making process at OPEChasn’t fundamentally changed, CNBC reports. “The …
Novak: Russia's Energy Ministry expects consolidated decision on OPEC deal
Russia's Ministry of Energy expects that OPEC+ countries will come to a consolidated decision today on a deal to reduce oil production, but the discussion on this day will continue in any case, Russian Minister of Energy Alexander …
OPEC approves extension of deal on cutting oil output for 9 more months
OPEC session has ended, and its member states agreed on extending the deal on cutting oil output for nine months starting from July, the Minister of Energy and Industry of the United Arab Emirates Suhail Al Mazroui said. …
OPEC+ Monitoring Committee supports extending deal for 9 months
The countries participating in the OPEC+ Monitoring Committee at today's meeting spoke in favor of extending the deal on reducing oil output for another 9 months starting from July, sources in the Middle East delegations said. …
OPEC+ deal to be extended until April 2020?
The most probable and the most discussed period for renewal of OPEC+ oil production capping deal is until April of the next year, a high-ranking source in the alliance said. "Nine months, rather than six, …
What to expect after July OPEC+ summit?
OPEC+, a group of 24 oil-producing countries, look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude …
Novak: Russia open to new dates for OPEC+ meeting
Russian Energy Minister Alexander Novak said that Russia was open to new dates for a meeting of OPEC+ nations, including on July 12. Novak noted that he had not yet discussed a change in meeting dates with his …
Novak confirms OPEC + meeting may be held in early July
The meeting of the OPEC and non-OPEC member states is expected to be postponed to July 2-4, Russian Energy Minister Alexander Novak said on the sidelines of the SPIEF St. Petersburg International Economic Forum (SPIEF). …
Russia earned $100 billion after OPEC+ deal
Russia has earned at least 6 trillion rubles after signing an agreement with OPEC+ countries due to oil price cuts, Russian Energy Minister Alexander Novak said. The deal increased the cost of crude oil by $10 per …
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 …
Oil future decided in Vienna
The OPEC/non-OPEC Joint Ministerial Monitoring Committee is expected to outline the guidelines for the overall oil output level in 2019 at the meeting in Vienna on December 5-7.
OPEC+ monitoring committee to discuss Qatar’s withdrawal from oil cartel
The OPEC+ monitoring committee will discuss Qatar’s withdrawal from the oil cartel on December 5, Russia's Energy Minister Alexander Novak said. "(We will) discuss it tomorrow," TASS cited the …
Now OPEC and non-OPEC deal have two members only: Russia and Saudi Arabia
he future of OPEC is on shaky ground after Qatar abruptly announced it would sever ties with the influential oil cartel
OPEC agrees to oil output hike - source
OPEC has agreed to raise oil production by around 1 million barrels per day, a source in the Iranian delegation said. Two OPEC sources said the group agreed that OPEC and its allies led by Russia should increase production by about 1 …
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