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Russia

Oil & Gas

Russia favors further OPEC+ output hike in February

Russia intends to support a further increase in OPEC+ production at the group’s meeting next month, even as a new strain of the coronavirus raises concerns about demand, said officials familiar with the country’s oil policy.

Oil & Gas

OPEC+ heads to crucial talks seeking compromise on oil cuts

OPEC and its allies headed into a two-day meeting with ministers still seeking a compromise on proposals to delay a production boost, after failing to reach consensus in talks on Sunday night.

Oil & Gas

Russia and Saudi Arabia power risks OPEC+ break-up

Frustrated UAE representatives are sending subtle but strong signals that they may be the first in the OPEC+ oil producers group to break free and go it alone.

Oil & Gas

Opec keen to avoid oil ‘taper tantrum’

Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of OPEC+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of the U.S. Federal Reserve.

Oil & Gas

Oil advances after OPEC+ extends production cuts

Oil rose to trade near $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month, promising stricter compliance to ensure members don’t pump more than they pledged.