Putin backed the production cuts, but said the output is dropping "while it grows in other countries such as the US, and we ...
Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target ...
Oil prices could rally to $100 a barrel as soon as September following Russia's shift to cut production, though the U.S. is ...
And OPEC, a cartel of oil exporters, is restricting production ... a larger organisation which includes Russia, said it would ...
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised ...
Additionally, JPMorgan analysts theorized that if Russia decides to cut production further in the coming quarter, that combined with the OPEC extensions could cause the market to go into supply ...
Crude prices have retreated since hitting last week their highest levels since October and remain about three per cent above ...
OPEC and the broader OPEC+ group do not see any need to propose a change to the current oil production policy when the Joint Ministerial Monitoring Committee (JMMC) meets next week ...
Demand forecasts from the IEA, OPEC, and the EIA have diverged dramatically in recent, a fact that should worry OPEC.
OIL prices jumped more than US$1 a barrel on Thursday, closing out the month higher on the prospect of Opec+ staying the ...
Indian buyers of Venezuelan oil — including billionaire Mukesh Ambani’s Reliance Industries Ltd. — have halted purchases from ...
Russia plans to gradually ease the export cuts and focus on only reducing output. Novak has not provided the targeted level ...