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Fearing recovery setback, OPEC+ sticks to plans to raise oil output gradually

The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group so called OPEC+, dismissed demands from the United States...

Revised OPEC+ deal very favourable for Russia

As the global economy recovers from the Covid pandemic fueling oil prices, OPEC+ countries, including Saudi Arabia and Russia, reached a deal via videoconference...

OPEC+ meets as Saudis keep finger on the pumps, Russia wants gradual output increase

The Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, convened for talks chaired by Saudi Energy Minister Abdulaziz...

Saudi Arabia, Russia coordinate policy as OPEC+ leaves oil output unchanged

The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group so-called OPEC+, met by videoconference on March 4...

In time of pandemic, OPEC+ stands pat, sees oil rebound this year

The Organization of Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+, reportedly maintained its oil output policy at...

OPEC+ likely to extend oil cuts seeing slow fuel demand recovery from vaccines

Oil prices climbed to their highest in more than eight months on November 25 fuelled by continuing hopes that energy demand will recover once...

Russia, Saudi Arabia eye COVID-19 oil cut to hike prices

Russia and OPEC-kingpin Saudi Arabia are reportedly mulling to delay an increase in oil production in January, maintaining an output cut aimed to raise...

Russia, Saudis push COVID-19 oil supply cuts on OPEC+

Russian President Vladimir Putin and Crown Prince Mohammed bin Salman have urged fellow oil producer countries in OPEC+ to stick to supply cuts agreed...

Too much supply, too little demand, OPEC+ wants production cuts

Fearing slow oil demand recovery, the Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, during a meeting on...

Playing Russian roulette with the US shale oil industry

The rapid growth of the US shale industry seems to be at the heart of the Saudi-Russia crude oil price war. Already weak from...

Oil price war

Crude prices plunged to record lows on 9 March as an oil price war between Saudi Arabia and Russia commenced after the latter refused...

Irked Merkel rips US Nord-Stream-2 sanctions

German Chancellor Angela Merkel has reportedly criticised US sanctions on companies constructing the Nord Stream-2 gas pipeline from Russia to Germany but noted that...

OPEC+ becomes OPEC- with oil production cuts

The Organization of the Petroleum Exporting Countries (OPEC) and other major producers led by Russia, a group known as OPEC+, have reportedly agreed to...

EU wants progress in Russia-Ukraine gas talks

The European Union will host a fresh round of Trilateral Gas Talks between Russia and Ukraine on 19 September in Brussels with European Commission...

Russia fuels global gas race with Arctic LNG-2 project

Competing in the global liquefied natural gas (LNG) race, Russia’s largest independent gas producer, Novatek, France’s Total and the other project shareholders have approved...

The big question mark for OPEC and Russia confab: Extend production cuts

MOSCOW – The Organization of the Petroleum Exporting Countries and other major oil producers led by Russia plan to meet on 1-2 July in...

Don’t slow the flow: EU wants no snag in Russian gas via Ukraine

As Nord Stream-2 builders are planning to finish the gas pipeline from Russia to Germany underneath the Baltic Sea by the end of the...

OPEC+ oil production cuts, possible US-China trade deal boost oil prices

Supply cuts led by the Organization of Petroleum Exporting Countries (OPEC), US sanctions against Iran and Venezuela and the possibility of a US-China trade...

Russia’s ‘western route’ to China may jeopardise Gazprom’s supplies to Europe

The Power of Siberia gas pipeline is scheduled to start on December 20, 2019, transporting gas supplies to China from the Russian Far East...

Saudi Arabia, Putin’s Russia lead OPEC oil output cut extension deal through end of 2018

In an effort to boost oil prices, the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members, including Russia, reached an agreement on November...

Russia, Saudi Arabia agree oil production freeze as Iran says will boost output

Iran plans to increase its own oil output to pre-sanctions levels in the next few months. National Iranian Oil Company (NIOC) Director for International...

Saudi Arabia in a proxy war with Iran, Russia

Given the level of mistrust among Organization of Petroleum Exporting Countries, it is unlikely that OPEC and non-OPEC oil producers, including Russia, will reach...

Russia, Saudi coordinated production cuts unlikely

Russian Energy Minister Alexander Novak said on January 28 Saudi Arabia has proposed oil production cuts of up to 5% by each country. “This...

G20 Ministers Stream Competing EU Pipeline Projects, Fret Over Oil

G20 energy ministers met in Istanbul on October 2, striving for sustainable development amidst low oil prices and climate change negotiations. European Commissioner for...

EU Subsidy Keeps Russian Gas Coming to Ukraine

Vouliagmeni, Greece – The morning sun was shining at a seaside resort south of Athens where a geopolitical conference was taking place on October...

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