Oil companies will support Russian state position: VP Fedun Freeze deal with OPEC likely after group’s November meeting Russian oil companies will unify behind their government if talks with the Continue Reading
Russian oil Russia’s state-controlled giant Rosneft will not freeze its production as part of potential non-OPEC and OPEC global efforts to prop up crude prices, Reuters quoted Rosneft’s chief executive Continue Reading
Oil prices pulled back Tuesday after the monthly report from the Paris-based International Energy Agency said global supplies rose in September. The December contract for global crude benchmark Brent was Continue Reading
With Nonfarm Friday now behind us, we can look forward to a week of oil-specific monthly releases from IEA (tomorrow), OPEC (Wednesday) and EIA (Thursday). As the spotlight swings onto Continue Reading
OPEC’s top oil producer Saudi Arabia said on Monday a global production deal to limit supplies could be reached by the group’s next formal meeting in November, when an invitation Continue Reading
A sharp contraction in investments poses a threat to global oil supply, Mohammed Barkindo, secretary-general of the Organisation of the Petroleum Exporting Countries, said on Monday at the World Energy Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih said on Monday that OPEC needs to ensure it does not crimp oil supply too tightly and give the market a harmful shock, and Continue Reading
Saudi Arabia and Russia, the world’s two largest crude oil producers, said they’re ready to cooperate to limit output, helping send prices to a one-year high in London. Khalid Al-Falih Continue Reading
‘Bit early to start celebrating’ amid OPEC differences: Lien Optimism of Saudis, Russians sent oil prices higher on Monday Norway, western Europe’s largest oil producer, said OPEC is still some Continue Reading
Crude oil prices erased a pronounced slump in early Monday trading after Russia signaled it would join a production agreement reached last month in Algeria. Oil prices traded in the Continue Reading
