Russia and OPEC

 Why are they afraid of expensive oil?

Russia should think through a smooth exit from the oil production cut deal between OPEC and non-OPEC nations, which will protect the market from a shortage of raw materials, the President of Russian oil major Lukoil Vagit …

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Russia and OPEC to discuss oil in Istanbul

Secretary General of Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo and Russian Energy Minister Alexander Novak will hold talks at the 22nd World Petroleum Congress (WPC) in …

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 Russia proposes to form super-OPEC

Russia proposed to work out new principles jointly with OPEC and non-OPEC nations to continue cooperation even after the current oil output cut deal expires, Russian Energy Minister Alexander Novak said. "It is …

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Russia does not withdraw OPEC deal

Russia does not discuss the possibility of leaving oil output reduction deal with Organization of the Petroleum Exporting Countries (OPEC) and did not express dissatisfaction with its results, a source in the cartel said. "There …

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Russia cut oil output under OPEC agreement

Russia has already cut oil production under a deal with OPEC by 200,000 barrels a day and plans to reduce it by 300,000 barrels a day by late April, the Russian Energy Minister Alexander Novak told CNBC at the Arctic forum in …

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 Secretary General: Russia supports OPEC

The Organization of the Petroleum Exporting Countries (OPEC) received enough support from Russia despite the fact that it has no plans to join the cartel, OPEC Secretary General Mohammad Barkindo said. "I think he …

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 Brent falls below $49 again

Oil prices fell on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market. International …

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Russian-OPEC dialogue to take place in October

A meeting of Russia-OPEC energy dialogue will be held in October in Vienna and the exact date will be set soon, Russia’s Energy Minister Alexander Novak said. "It is planned that the meeting will be held …

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