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Articles with tag "OPEC"

opec+ alliance

Russia to Cut Oil Output by 471,000 Bpd in 2Q24

Deputy Prime Minister Alexander Novak said Moscow will reduce its output by 350,000 bpd in April, 400,000 bpd in May and 471,000 bpd in June.
Slashed output

Russia Says OPEC+ Oil Production Cuts 'In Interests' of Energy Markets

The bloc of countries called the decision a "precautionary" move aimed at stabilizing global markets.
2 Min read
controversial quota

Kremlin Says OPEC+ Cut Output to Stabilize Oil Markets

The Kremlin said Thursday that an OPEC+ decision to sharply cut production was designed to stabilize global oil markets, after Washington said the move...
source of income

Russia Boosts Oil Output Despite Western Pressure – Kommersant

Russia increased oil production in September as major Western countries debated energy price caps over Moscow’s invasion of Ukraine, the Kommersant...
paying the price

Oil Market Faces Shortfall With G7 Price Cap Plan – Russia

Moscow said G7 plans to cap the price of Russian oil would lead to a shortfall on world markets.
news

As Oil Prices Rally, Familiar Russia-Saudi Tensions Set to Rise

The OPEC+ oil cartel is set for a fresh showdown over its post-pandemic strategy to balance prices and production.
TURNING ON THE TAPS

Russia To Raise Oil Production Under New OPEC+ Deal

Oil prices jump as Russia secures deal to increase production in February.
CORONAVIRUS RECESSION

OPEC+ Deal Weighs on Russia’s Economic Recovery

Industrial production drops on oil cuts as lockdown restrictions lifted.
OIL CRASH

Explainer: What Happened to Oil Prices and What Does it Mean for Russia?

Oil prices in the U.S. went negative for the first time in history. Should Russia be worried?
DAMAGE LIMITATION

OPEC+ Deal Will Help Russia Avoid ‘Market Chaos,’ But Provides Little Support to Embattled Economy

The production cut will support oil prices and avoid a further ruble crash while the wider economic damage from coronavirus continues to build. 
news

Markets Uninspired by ‘Historic’ Russia-Saudi Oil Deal

Analysts say cuts to supply do not match the crash in demand.
let's make a deal

Putin, Trump Hail OPEC+ Oil Deal: Kremlin

The Kremlin said the two agreed on the "great importance of an agreement in the 'OPEC+' format.
OPEC+ 2.0

Putin Says Russia Ready to Cooperate on Cutting Oil Production

The world's biggest oil producers will discuss a record round of production cuts by video conference Monday.
opinion Andrey Movchan

War With OPEC Can’t End Well for Russia

Falling oil prices leave no chance Russia’s GDP will grow in 2020 — a bleak prospect for both ordinary people and once optimistic investors.
opinion Chris Weafer of Macro-Advisory for bne IntelliNews

Oil War: Who Will Blink First?

The closing shoot-out scene of the spaghetti western “The Good, The Bad, and The Ugly” comes to mind.
news

Russia-Saudi Oil Alliance Under Pressure as Moscow Rejects Production Cuts

Russia rejected fresh oil production cuts in response to the coronavirus outbreak, leaving the future of Moscow-Riyadh oil cooperation in doubt.
SUIT YOURSELF

OPEC Could Deepen Oil Supply Cuts With or Without Russia

In an effort to stop the falling prices triggered by the spread of the coronavirus, OPEC may agree to deepen oil supply cuts this week regardless of Russia's...
CORONAVIRUS RESPONSE

Russia and Saudi Arabia to Discuss Oil Cuts as Coronavirus Rocks Market

OPEC+ gets ready for an emergency meeting to respond to 15% drop in oil prices.
OIL POLITICS

6 Things You Need to Know About OPEC+

What does Russia want from this week's meeting in Vienna?
ENERGY EXPORTS

Russia Unlikely to Cut Oil Output

Sources say Russia might agree to extend existing curbs at an OPEC+ meeting next month.
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