Vienna

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Iran and P5+1 to meet in Vienna

Representatives of Iran and the six world powers will hold a new round of joint commission meeting on January 10 in Vienna to discuss the implementation of the nuclear deal signed in 2015. Iranian Deputy Foreign Minister for Legal and …

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 Austria assumes OSCE Chairmanship

On January 1, 2017 OSCE Chairperson-in-Office, Austria’s Foreign Minister Sebastian Kurz, highlighted three key challenges facing the Organization and its participating States as Austria took over as the 2017 OSCE …

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Azerbaijan satisfied with Vienna meeting

Azerbaijani Energy Minister Natig Aliyev praised the results of meeting between OPEC and non-OPEC countries in Vienna, Azerbaijan's Energy Ministry reported. "Aliyev said that the meeting took place in positive direction and …

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Kazakhstan to cut oil output by 20,000 bpd

Kazakhstan’s Energy Minister Kanat Bozumbayev announced Saturday the Central Asian nation would aim for an oil output cut of 20,000 barrels per day. "I think we can reduce oil production …

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OPEC and Russia agree for 6 months

OPEC and Russia have agreed a mutually accepted formula of oil production cap for half a year, Venezuela’s Oil Minister Eulogio del Pino said. He also pointed out that Venezuela expects the signing of documents on …

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OPEC to meet non-OPEC producers on Dec. 10 in Vienna

OPEC will meet non-OPEC countries to finalise a global oil limiting pact on Dec. 10 in Vienna, two sources said on Saturday, Reuters reported. Two OPEC sources earlier said the meeting was due to take place in the Russian …

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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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