Saudi Arabia Says Putin’s Comments on OPEC+ Deal Are ‘Incorrect’
The OPEC+ meeting to try to end the oil price war is unlikely to go ahead on Monday as previously expected, as Riyadh and Moscow trade barbs about who’s to Continue Reading
Saudi Arabia sharply rebukes Russia over oil price collapse
DUBAI, United Arab Emirates (AP) — Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing Continue Reading
Putin says oil supply cuts possible if all major producers take part
Vladimir Putin said a cut to global oil production of about 10m barrels a day is possible, but only if all major crude producers including the US join in the Continue Reading
Putin Says Russia Is Willing to Join Oil Production Cuts: Live Updates
Putin urges the United States to participate in oil output cuts. The United States should join with Russia and the Organization of the Petroleum Exporting Countries in cutting crude oil Continue Reading
Has Russia Reached Its Limit In The Oil Price War?
When Vladimir Putin was given a dire forecast of the economy under the cloud of a crippling coronavirus pandemic and a sharp fall in global demand for petroleum, the Russian Continue Reading
UK electricity demand down up to 19% since lockdown: Elexon
UK electricity demand has fallen between 15% and 19% since the coronavirus lockdown March 23, electricity balancing and settlement code manager Elexon said Friday. Receive daily email alerts, subscriber notes Continue Reading
Putin extends Russia’s coronavirus non-working period until April 30
President Vladimir Putin on Thursday prolonged until April 30 a paid non-working period across Russia, stepping up measures to stem the spread of coronavirus just a week after the Kremlin Continue Reading
Coronavirus Is Putting Europe’s Green Transition to the Test
Before the pandemic halted daily life and shattered economies, the European Union had set a course for a difficult re-invention. By 2050, the bloc had decreed, under the banner of Continue Reading
Texas Oil Rep To Discuss 10 Million Barrel Per Day Cut With Russia
Following US President Trump’s earlier tweet that he had discussed oil prices with Saudi Arabia’s Crown Prince, Texas Railroad Commissioner Ryan Sitton reports that he discussed with Russian Energy Minister Continue Reading
Heating oil boilers one of last remaining outlets in Europe for ULSD
With lockdowns across Europe weighing heavily on consumption of ultra low sulfur diesel as road fuel, more and more material has started ending up in the heating oil pool instead Continue Reading