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 …
Brent crude oil price up 6% to $34.83 per barrel on London's ICE
The price of futures contracts of Brent crude oil for June 2020 delivery extended gains to 6.06% on London's ICE on Thursday to $34.83 per barrel, according to the trading data as of 2:10 pm Moscow …
Oil prices collapse entails OPEC restructuring
The OPEC + deal ended on April 1. However, discussions have already started on a possible new format for interaction between key global oil exporters: OPEC+ may be replaced by OPEC+ 2.0. But without …
Venezuelan President expects positive results from OPEC+ meeting on April 9
OPEC + countries may reach an agreement to stabilize the oil market following the meeting, which will be held April 9 in a video conference format, said President of Venezuela, Nicolas Maduro on …
Russia confirms participation in OPEC+ meeting on April 9
Russia’s Energy Ministry has received an invitation from OPEC to participate in the OPEC+ ministerial meeting, which will be held on April 9 as a videoconference, a representative of the …
Brent crude price drops to $31.16 per barrel
The cost of futures for Brent crude oil with settlement in June 2020 fell by 9.5% to $ 31.16 per barrel in the course of trading on the ICE Exchange in London, according to trading data as of 01:11 …
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 …