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 …
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 …
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 …