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 …
Argentina, Russia agree on scientific cooperation in fishery
The Argentine and Russian sides agreed to develop scientific cooperation in the field of fishery, Deputy Minister of Agriculture of Russia, Head of the Federal Agency for Fishery Ilya Shestakov said …
Brent oil prices up at auction in London by 3.16%
The world oil prices accelerated growth during trading on the ICE in London, and futures for Brent crude oil for delivery in May 2020 rose by 3.16% to $ 51.29 per barrel.
The price of oil futures WTI …
Key OPEC+ states start consultations to postpone meeting from March to June
Key OPEC+ participating countries have started consultations on postponement of the decision on the future of the crude production cut deal from March to June 2020, a source in OPEC told …
Moscow, Minsk fail to agree on oil and petroleum products transit tariffs
Anti-monopoly regulators of Russia and Belarus failed to reach agreements on Russian oil and petroleum transit tariffs, a representative of the Belarusian Ministry of Antimonopoly Regulation and Trade …
US wants China to stop buying Iranian oil - US Treasury
US officials are consulting with Chinese colleagues to cut off oil supplies from Iran to China, US Treasury Secretary Stephen Mnuchin told Fox News.
He noted that through sanctions Washington has now …
Russian oil producers to cut output under new OPEC+ restrictions proportionally
Russian oil companies received new quotas from the Ministry of Energy to reduce production under the new OPEC+ restrictions, and will continue to scale down production proportionally, Vice President …