Vienna

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Novak does not take part in OPEC meeting in Vienna

Russian Energy Minister Alexander Novak said he does not plan to visit Vienna on November 30 to take part in the meeting among major oil producers, noting that Russia is ready to continue negotiations if an agreement is reached …

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OPEC finalizes its long-term strategy

OPEC’s Board of Governors has finalized a new and comprehensive long-term strategy at a meeting held in Vienna on 2 November 2016. The document will be submitted for approval at the next OPEC Ministerial Conference to be held on 30 November …

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 Azerbaijan to be the first to "freeze" oil

Azerbaijan will declare that it will not increase its oil production and exports at the meeting of OPEC member countries in Vienna on October 29, the Energy Minister of the Republic Natig Aliyev said. "We are …

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Will Russia cut oil production?

At this stage of talks on oil market stabilization Russia considers reasonable production freeze, but during the negotiations process Moscow may change its stance and discuss a production cut, Russian Permanent Representative to the International …

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OPEC oil output deal to come into effect in November

The agreement of the OPEC member states on oil production freeze will come into effect after an official organization's summit in Vienna in November, a source in Algerian delegation said.  OPEC will agree to production levels …

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Year after Iranian nuclear deal

Today marks a year since the signing of the Iranian nuclear program agreement. "Six" international negotiators (five permanent UN Security Council members and Germany) and Iran have agreed on a joint comprehensive action plan at last …

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OPEC demonstrates it has no power

A regular meeting among the OPEC countries has recently took place in Vienna. The main point of the agenda was the discussion of the new possible oil level of 32 …

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Brent about $50 again

The Brent crude oil has returned its positions after the US Department following the results of the OPEC meeting in Vienna. At 06:34 MSK the Brent petroleum blend's price of futures with a delivery in August rose by 0.38% to $49.91 …

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Novak to miss OPEC summit

The head of the Russian Ministry of Energy,  Alexander Novak, will not participate in the OPEC summit in Vienna scheduled for June. "I do not plan to go to Vienna. The summit is …

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US Assistant Secretary of State pays visit to Moscow

Today in the US Assistant Secretary, Victoria Nuland, arrived in Moscow from Vienna to discuss the situation in the east of Ukraine. During the visit she is to discuss the next steps on the implementation of the Minsk …

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