Russia Calls The Shots In A Fractured OPEC
The fact that Russia and most OPEC members are happy at different oil price levels has never been a secret. Now, President Putin has said
Tag : Russia
Russia Hints At OPEC+ Deal Exit
OPEC’s key ally in all production cut agreements since 2017—Russia—appears to have somewhat reluctantly agreed to cut output in each of the OPEC/non-OPEC pacts over
Russia Aims To Exploit Africa’s Energy Potential
Africa’s economic potential is enormous: the continent contains significant mineral and energy deposits, a young and growing population, and an underdeveloped energy sector desperately in
Russia’s Oil Production Dips To Below OPEC+ Quota
Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Reuters reported on Monday, citing two industry sources, which means that Moscow
Will Russia Abandon The OPEC+ Oil Deal?
A month and a half before OPEC and its allies are set to sit down and discuss how to proceed with their production cut pact,
Saudi Plans Leak: Riyadh May Raise Oil Production, But Not Exports
Saudi Arabia may pump more oil next month but this does not necessarily mean it will raise exports as well, Reuters reports, citing sources familiar with
Oil prices slip after Trump urges greater OPEC output to replace Iranian oil
Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPECraise output to soften the
Oil Could Fall To $40 If OPEC Abandons Its Deal
In more proof that U.S. oil production is continuing to alter global oil markets, Russia’s finance minister Anton Siluanov said on Saturday that Russia and OPEC might
Russia Replaces Venezuelan Crude On European Markets
European refiners are switching to Russian sour grades as U.S. sanctions have shrunk Venezuela’s similar-grade exports, Reuters reports, adding that the Russian sour crude is getting
Oil hits 2019 high on signs of tighter supply; Brent eyes $70 a barrel
Oil prices hit their highest of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and