Russia has rejected suggestions that a market-driven fall in oil production from US shale producers could count towards the country’s share of a potential global crude reduction deal, dampening hopes Continue Reading
The world’s largest oil producers moved closer to an unprecedented deal to ratchet back production and rescue crude markets from a pandemic-driven collapse, after Russia signaled it’s ready to make Continue Reading
As oil traders look with dread and fear to tomorrow’s OPEC+ teleconference one day after crude oil tumbled amid speculation that the production cut standoff will not be resolved… … Continue Reading
Production declines across the U.S. shale patch as companies reduce drilling and spending cannot be viewed as a voluntary U.S. cut aimed at supporting oil prices, Vladimir Putin’s Press Secretary Continue Reading
Saudi Arabia’s attempt to negotiate a global pact with Russia to rescue oil prices from the coronavirus crisis will come to a head Thursday, when ministers from OPEC and other Continue Reading
Saudi Arabia’s sovereign-wealth fund has amassed stakes worth roughly $1 billion in four major European oil companies, according to people familiar with the matter, buying assets it perceives as undervalued Continue Reading
Sweden’s biggest wind farm began producing power this month, and the region’s nuclear reactors are feeling the heat. Vasa Vind AB’s Askalen started commercial output on April 1, increasing supplies in Continue Reading
As leaders around the globe compete with ever-bigger spending packages, the Kremlin is hoarding hundreds of billions of dollars in reserves, worried that oil prices will stay low for a Continue Reading
With the virtual OPEC+ meeting where Russia and Saudi Arabia were to discuss output cuts to end the oil price war delayed Monday, oil prices took a huge beating–but Russian Continue Reading
The number of coronavirus cases in Russia rose by more than 1,000 for the second day running, taking the total to 8,672, the crisis response centre said on Wednesday. The Continue Reading
