Kremlin says situation with oil prices not easy, but too early to make assessments
The situation with world oil prices is not easy now, but one should not make assessments after one day or one week, Kremlin spokesperson Dmitry Peskov said on Wednesday.
When asked if Russia would …
Brent oil price falls below $16 per barrel
The price of June 2020 Brent oil futures has dropped by 17.33% on London’s ICE, reaching $15.98 per barrel, the data as of 07:35 Moscow time informs.
The price of WTI futures has dropped by …
Brent crude oil price down below $25 per barrel
The price of futures contracts of Brent crude oil for June 2020 delivery extended losses to 3.6% compared with the previous closure on London's ICE on Tuesday trading at $24.65 per barrel, according …
Price of WTI oil falls by over 20% to the lowest level since 1999
The price of WTI oil on the ICE exchange in London fell by more than 20%, breaking the mark of $15 per barrel and reaching the lowest level for the first time since 1999 on Monday.
At 10:20 Moscow …
Moscow, Riyadh confident that OPEC+ countries will fulfill their commitments
Russia and Saudi Arabia are firmly committed to fulfilling the OPEC+ deal on cutting oil output, the Russian Energy Ministry said on Thursday after a telephone conversation between Russian Energy …
Russia’s economic recovery will begin in Q3 of 2020
Restoration of the Russian economy will begin in the Q3 of 2020, chief economist of VEB.RF Andrey Klepach said on Monday.
"In the Q3, the Russian economy will begin to overcome the negative effects …
Secretary of Energy Brouillette praises new OPEC+ agreement as ‘historic deal’
The energy sector of the United States will soon recover from the recent ‘price wars’ on global oil markets and consequences of the COVID-19 pandemic and will emerge ‘stronger than …
Brent crude oil price up 4.4% to $32.85 per barrel on London
The price of futures contracts of Brent crude oil for June 2020 delivery climbed by 4.4% on London's ICE on Monday to $32.85 per barrel, according to the trading data as of 3:44 a.m. Moscow time.
After conversation with Putin, Trump says OPEC+ close to reaching deal
US President Donald Trump told reporters he had a "good talk" with the leaders of Russia and Saudi Arabia to discuss ways to stabilize the oil sectors of the three nations.
During a briefing at the …
Russia, Saudi Arabia to cut oil output to 8.5 mln barrels per day
The plan on oil production cuts within the OPEC+ framework envisages that Russia and Saudi Arabia will reduce their oil production by 2.5 million barrels per day, from the current 11 million barrels …