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Posts Tagged "russia"

HomePosts Tagged "russia"
  • OPEC

DUBAI/LONDON Feb 10 (Reuters) – Eleven non-OPEC oil producers that joined a global deal to cut output to boost prices have delivered 40 percent of promised curbs in January, two OPEC sources said. The sources cited OPEC calculations based on data from the International Energy Agency. OPEC’s figures, reported earlier on Friday by Reuters, put […]

Oil prices rose on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production would drain a global supply glut. The deal to cut production kicked in on Sunday. Benchmark North Sea Brent crude LCOc1 was up 40 cents at 57.22 dollars a barrel […]

* Saudi Falih says: “We have a deal already” * Russia’s Novak sees no risk of deal failing * Venezuela says Mexico to contribute to non-OPEC cuts (Updates with comments, start of meeting) By Vladimir Soldatkin, Rania El Gamal and Alex Lawler VIENNA, Dec 10 (Reuters) – Russia and Saudi Arabia said they expect OPEC […]

* Saudis to cut output by 0.5 million bpd * Iraq to reduce production, Iran will raise slightly * Qatar says Russia also joins cuts with 0.3 mln bpd * Brent oil jumps 9 percent to more than $50/barrel By Rania El Gamal, Alex Lawler and Ahmad Ghaddar VIENNA, Nov 30 (Reuters) – OPEC agreed […]

  • OPEC

MOSCOW Nov 30 (Reuters) – Russia is ready to “gradually” cut its oil production by up to 300,000 barrels per day in the first half of 2017 as a part of its agreement with OPEC, Russian Energy Minister Alexander Novak said on Wednesday. Speaking to reporters, Novak said that Russia welcomes the OPEC decision and […]

By Olesya Astakhova MOSCOW Nov 24 (Reuters) – Russia could revise down its 2017 oil production plans if a global output freeze pact comes into force, Russian Energy Minister Alexander Novak said on Thursday. “According to our plans, (Russian) oil output is going up next year. If we keep production at the current level we […]

Oil prices hit one-year high on Monday, as Russian President Vladimir Putin said his country would join the Organisation of Petroleum Exporting Countries (OPEC) in implementing an output freeze. Speaking at the World Energy Congress in Istanbul, Putin signaled that his country, which is one of the top three producers of oil, may even agree to […]

* Saudi Arabia’s Falih says deal unlikely tomorrow * Iran insists on much higher output targets * Saudi, Iranian views still far apart * Oil prices fall over 3 percent, pressure on Riyadh grows (Updates with Saudi, Russian news conference) By Rania El Gamal, Alex Lawler and Vladimir Soldatkin ALGIERS, Sept 27 (Reuters) – Iran […]

* U.S. crude inventory drop, weaker dollar support prices * Brent set for 3 percent rise this week * Goldman says to prepare for range-bound oil prices (Adds comment, updates prices, dateline from SINGAPORE) By Amanda Cooper LONDON, Sept 22 (Reuters) – Oil rose for a second day on Thursday as a weaker dollar and […]