Is Putin’s Support For An OPEC Freeze A Game Changer?
Putin Oil In August, when OPEC floated the idea of meeting once again to discuss the possibility of a production freeze, oil prices skyrocketed, ending the bear market that had Continue Reading
Russia and Saudi Arabia to Work Toward Oil-Market Stability
Russia’s Putin discusses oil with Saudi Deputy Crown Prince Countries agree cooperation needed to stabilize oil markets Saudi Arabia and Russia agreed to work together to ensure oil market stability Continue Reading
Iran’s Ready to Pump More as OPEC Faces ‘Prisoner’s Dilemma’
Iran can raise output to 4 million b/d in 2-3 months: NIOC Oil producers meeting in Algiers this month for output talks As speculation swirls over whether oil producers will Continue Reading
Saudi, Russia Discuss Actions to Bolster Oil, Including Freeze
Vladimir Putin pictured meets with Prince Mohammed Bin Salman Al Saud as part of the G-20 Summit in Hangzhou, China. Saudi Arabia and Russia discussed actions to stabilize the global Continue Reading
Saudi Oil Minister Says No Need Now to Freeze Crude Output
Al-Falih says markets improving in interview with Al Arabiya Minister speaks after news conference with Russian counterpart There is currently no need to limit oil output, Saudi Energy Minister Khalid Continue Reading
Saudi-Russia cooperation will help oil market: deputy crown prince
Cooperation between Russia and Saudi Arabia will bring benefits to the global oil market, Saudi Arabia’s powerful deputy crown prince Mohammed bin Salman told Russian President Vladimir Putin on Sunday. Continue Reading
Russia, Saudi Arabia to set up task force to secure oil market stability
Russia and Saudi Arabia agreed to set up a task force to review oil market fundamentals and to recommend measures and actions that will secure oil market stability, according to Continue Reading
Iran ready to help restore oil market balance after it regains share: official
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran is ready to support any decision to help restore Continue Reading
Iran ready to raise oil output to 4 mln bpd depending on demand: NIOC
Iran is ready to raise its oil production to 4 million barrels per day (bpd) in a couple of months depending on market demand, a senior official from the National Continue Reading
Saudi Arabia Raises Pricing for October Crude to Asia on Demand
State-owned Saudi Aramco trims Arab Light discount by 90 cents Pricing raised to U.S., cut to Europe and Mediterranean Saudi Arabia, the world’s largest crude exporter, raised pricing for October Continue Reading