Russia oil - page 3

OPEC-Russia Deal Could Drain Almost Half the Global Oil Surplus

EghtesadOnline: On paper, OPEC’s supply deal could drain almost half the global oil glut within six months.

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Publish Date:13/December/2016 | 05:10

Russian Energy Minister Says Oil Cuts to Start in January

EghtesadOnline: Russia’s oil producers have started preparations to meet the nation’s pledge to curb output as part of the “historic” pact between OPEC and 11 producers outside the group, Energy Minister Alexander Novak said.

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Publish Date:12/December/2016 | 13:54

Oil steadies on doubts output cut will end global glut

EghtesadOnline: Oil prices steadied on Wednesday as investors waited to see if OPEC and Russia would deliver promised production cuts designed to end a supply overhang that has weighed on the market for more than two years.

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Publish Date:07/December/2016 | 10:59

Oil dips as OPEC, Russian output rises ahead of production cut

EghtesadOnline: Oil prices slipped on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017.

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Publish Date:06/December/2016 | 10:48

OPEC in first joint oil cut with Russia since 2001, Saudis take "big hit"

EghtesadOnline: OPEC agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted "a big hit" on its production and dropped its demand on arch-rival Iran to slash output.

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Publish Date:30/November/2016 | 19:21

Russia to OPEC: Oil Freeze Is All You Get

EghtesadOnline: Facing pressure from OPEC to make a significant output reduction, Russia reiterated its readiness to freeze oil production at current levels, arguing that the offer amounted to a cut compared with next year’s plans.

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Publish Date:24/November/2016 | 17:17

Putin Sees ‘Great Chance’ of OPEC Deal as Moscow Ready to Freeze

EghtesadOnline: Russian President Vladimir Putin says he sees no obstacles to OPEC reaching an agreement later this month, and Russia is willing to freeze its crude oil output at current levels as he thinks that oil exporters have overcome major differences in their positions.

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Publish Date:21/November/2016 | 08:06

OPEC Chief Says Russia on Board With Deal to Limit Output

EghtesadOnline: Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help re-balance the market, according to OPEC Secretary General Mohammed Barkindo.

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Publish Date:07/November/2016 | 10:36

OPEC Output Deal ‘More Likely Than Not,’ Citigroup’s Morse Says

EghtesadOnline: OPEC and Russia will probably be able to reach an accord to reduce crude production and boost prices, according to Ed Morse, head of commodity research at Citigroup Inc.

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Publish Date:05/November/2016 | 05:43

OPEC, key producers to discuss six-month oil deal

EghtesadOnline: OPEC will hold talks with non-member oil producers on Wednesday in a bid to hammer out details of a global agreement to cap production for at least six months as Russia lent its support for the plan.

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Publish Date:25/October/2016 | 09:19

Russian, Persian Gulf Arab Oil Ministers Meet as OPEC Cut Looms

EghtesadOnline: Russia’s energy minister met with counterparts from Saudi Arabia and other Persian Gulf Arab oil-producers to discuss steps to stabilize crude markets amid OPEC’s drive to win cooperation from the biggest supplier outside the group in limiting output to prop up prices.

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Publish Date:24/October/2016 | 09:14

Russia’s Rising Oil-Output Forecasts Give Leverage in OPEC Talks

EghtesadOnline: As Russia gets ready for talks on cooperation with OPEC on Monday, it’s using the playbooks of Iran, Iraq and Venezuela to gain leverage.

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Publish Date:23/October/2016 | 09:36

Oil Holds Above $50 in New York as Market Waits for Output Deal

EghtesadOnline: Crude settled above $50 a barrel as investors assessed the likelihood of a deal to reduce supply after Russia’s energy minister said the country’s oil output may rise to a record next year.

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Publish Date:22/October/2016 | 08:57

As OPEC Waits on Russia, Naimi Memoir Offers Cautionary History

EghtesadOnline: Ali Al-Naimi, the former Saudi oil minister and architect of the 2014 pump-at-will OPEC policy that’s roiled markets since, drew the conclusion during his final years in office that there was "zero" chance of countries outside the group joining in production cuts.

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Publish Date:18/October/2016 | 06:11

OPEC-Russia Roadshow Heads to Vienna for Oil-Cuts Talks

EghtesadOnline: OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences over sharing the burden of cuts.

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Publish Date:13/October/2016 | 08:42

Putin Says Russia Ready to Join OPEC Effort to Limit Oil Supply

EghtesadOnline: Russia, the world’s largest energy exporter, is ready to join OPEC in limiting oil production with either a freeze or a cut, said President Vladimir Putin.

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Publish Date:10/October/2016 | 17:43

Oil Declines After Russia Sees No Deal With OPEC Next Week

EghtesadOnline: Oil fell below $50 a barrel after Russia cast doubt over a deal any time soon with OPEC, following the group’s pledge to reduce production.

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Publish Date:08/October/2016 | 09:27