Russia oil - page 2

tag Russia oil

No sign of oil freeze at home as Russia meets OPEC

EghtesadOnline: As Russian energy minister Alexander Novak flies to Algeria this week for talks with OPEC on output cuts, developments at home indicate non-OPEC Russia is not preparing for any coordinated production action.
|
Publish Date:27/September/2016 | 04:46

OPEC Ministers to Meet Russia Amid Push to Extend Cuts

EghtesadOnline: The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts amid a developing consensus that they should prolong their joint effort to curb supply.
|
Publish Date:27/April/2017 | 05:35

Russia's Oil Cuts Won't Be So Easy If OPEC Deal Is Extended

EghtesadOnline: For Russian oil companies, the historic agreement to boost prices by cutting output in conjunction with the Organization of Petroleum Exporting Countries was an easy win. Extending the deal will be less straightforward.
|
Publish Date:25/April/2017 | 18:11

Algeria Joins Call to Roll Over Oil Production Cuts Beyond June

EghtesadOnline: Algeria’s energy minister supports extending global oil production cuts beyond June as the strategy is succeeding in reducing global inventories. Russia is moving ahead with its own reductions to curb a global glut.
|
Publish Date:26/March/2017 | 04:46

OPEC Be Warned: Russia Battens Down the Hatches for Oil at $40

EghtesadOnline: Perhaps the Bank of Russia knows something the world doesn’t. As the Organization of Petroleum Exporting Countries and its allies prepare to meet for a review of their production cuts this weekend, the central bank of the world’s biggest energy exporter is hunkering down for years of oil near $40 a barrel.
|
Publish Date:25/March/2017 | 04:41

Saudi Arabia, Russia Offer United Front on Oil Production Cuts

EghtesadOnline: Saudi Arabia and Russia, the architects of an oil production cut that has stabilized prices, presented a united front on compliance just as rising U.S. inventories have sparked doubts about the OPEC and non-OPEC deal.
|
Publish Date:08/March/2017 | 05:22

Oil rebounds from recent weakness, still rangebound

EghtesadOnline: Oil prices surged on Friday, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output.
|
Publish Date:04/March/2017 | 05:26

Oil down on record U.S. crude stocks, flat Russian output

EghtesadOnline: Oil prices fell on Thursday after U.S. crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.
|
Publish Date:02/March/2017 | 13:12

Russia to decide in April-May if global oil deal should be extended: TASS

EghtesadOnline: Russia will decided in April or May whether an agreement on global oil output cuts between OPEC and non-OPEC producers, set to end on June 31, should be extended, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday.
|
Publish Date:12/February/2017 | 05:18
There’s room for cooperation, but also competition.

Will Putin and Trump Bond Over Oil?

EghtesadOnline: In the early 2000s, the Russian and U.S. presidents, Vladimir Putin and George W. Bush, decided it was time their two countries had a closer relationship. The obvious place to start was the oil industry. The U.S. was importing almost twice as much crude as it produced and wanted to diversify away from Middle Eastern suppliers. Russia’s vast, untapped reserves of oil needed two things U.S. companies had plenty of: money and technology.
|
Publish Date:14/January/2017 | 05:15

Non-OPEC Delivers More Than a Quarter of Promised Cuts so Far

EghtesadOnline: Russia and Kazakhstan said they’ve met or exceeded their initial goals for trimming oil output, bringing cuts by non-OPEC nations in the first 10 days of this year to more than a quarter of the total pledged a month ago in Vienna.
|
Publish Date:11/January/2017 | 04:28

Oil slips $1 on concerns U.S. production is rising

EghtesadOnline: Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.
|
Publish Date:09/January/2017 | 13:00