OPEC+ talks may be held next week
OPEC started preparations for negotiations within the OPEC+ framework, initiated by Saudi Arabia. The meeting may take place next week, a source taking part in the preparations told TASS.
Brent oil price rises by 3.5% on ICE Exchange in London
The cost of futures for Brent crude oil with settlement in May 2020 increased by 3.5% to $28.1 per barrel in the course of trading on the ICE Exchange in London, accoridn to the data of the trading …
Brent crude oil price down 7.9% on London's ICE
The price of futures contracts of Brent crude oil for May 2020 delivery lost 7.9% on London's ICE to $25.01 per barrel, according to the trading data as of 1:16 am Moscow time.
The price of futures …
Kremlin says Russia and Saudi Arabia do not wage wars over oil prices
Russian presidential spokesman Dmitry Peskov said that Russia and Saudi Arabia are not waging any wars over oil prices. He is certain that other states should not interfere in the partnership between …
Oil prices may stop falling at $15-20 per barrel
Oil prices may stop the drop at the resistance level of $15-20 per barrel, Vice President of Lukoil Leonid Fedun said in an interview with RBC.
"We have done a technical analysis. Of course, like any …
Saudi Arabia proposes to hold next week ‘virtual summit’ of G20 leaders on COVID-19
Saudi Arabia is set to convene next week a summit of the Group of Twenty (G20) leaders to discuss ways for countering the ongoing novel coronavirus pandemic, the Saudi Press Agency reported on …
Russia-Saudi dispute will trigger tactical price war on oil market
The current standoff between Russia and Saudi Arabia over oil production volume is likely to spark a tactical price war on the global oil market, Ian Bremmer, president and founder of Eurasia Group, …
Brent crude oil price exceeds $38 per barrel on London's ICE
The price of futures contracts of Brent crude oil for May 2020 delivery has accelerated growth to 10.8% trading at $38.08 per barrel on London's ICE on Tuesday, according to the trading data as of …
Oil prices recovery to take several months
Russia’s Energy Ministry expects oil prices to recover after Monday’s crash within several months, Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on …
Coronavirus outbreak seriously affects oil prices
The outbreak of the new coronavirus has seriously affected oil prices, President of the OPEC Conference Mohamed Arkab said on Tuesday.
"The outbreak of the coronavirus in the last two months has …