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 …
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 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. …
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. …
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, …
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 …
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 …
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 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 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 …
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.
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 …
he future of OPEC is on shaky ground after Qatar abruptly announced it would sever ties with the influential oil cartel
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 …
Russia and Saudi Arabia intend to establish new OPEC, Bloomberg reported citing sources. The two countries are considering inviting all 24 countries to join a permanent body with its own constitution and secretariat. …
Iran has rejected a plan by Russia and Saudi Arabia to increase oil production at a meeting of the OPEC oil cartel this week in response to consumer disgruntlement with rising prices. "I don’t believe at this meeting we can …
Russia plans to propose increasing oil production by the OPEC+ deal members by 1.5 million barrels per day (bpd), the Russian Energy Minister Alexander Novak said. "The market is growing, (oil) demand is growing …
OPEC members are discussing a compromise agreement that would see an oil production increase of 300,000-600,000 barrels per day over the next few months, according to people briefed on the talks, Bloomberg reported. OPEC officials are …
OPEC and non-OPEC oil ministers will meet in Jeddah, Saudi Arabia today to discuss their oil production cut deal. The Joint Ministerial Monitoring Committee (JMMC) will make a recommendation to OPEC about whether or not the …
