Russia has yet to plan how to freeze oil production and there has been no agreement among its leading producers on output curbs, three senior industry sources told Reuters on Continue Reading
Russian oil company Lukoil said during a meeting of the board of directors its two-year budget starting in 2017 would be based on oil priced at $40 per barrel. Lukoil’s Continue Reading
A gathering of Russian oil firms and President Vladimir Putin that had been scheduled for Nov. 23, a week before an OPEC meeting in Vienna, has been postponed, Kremlin spokesman Continue Reading
There are no serious issues standing in the way of an OPEC production proposal and Russia is ready to do its part by freezing output, the president said. “We have Continue Reading
Russian President Vladimir Putin said he sees no obstacles to an OPEC agreement this month after oil exporters made major progress in overcoming differences as he reaffirmed Russia is willing Continue Reading
No solution offered for Iran, Iraq’s resistance to output cuts Russia reiterated offer to accept a production ceiling OPEC said it made progress toward a deal to cut production by Continue Reading
A Russian delegation visiting Tehran on Friday signed a handful of agreements to work with an Iranian oil company, a managing director said. More than two dozen representatives from top Continue Reading
Major oil-producing nations could implement a freeze in output levels as a tool to bring the market back into balance, Russia’s energy minister said Friday. Ministers and representatives from oil-producing Continue Reading
Crude supplies expand for third week, longest run since August Iran, Iraq oil ministers skipping informal OPEC talks in Doha Crude oil traded near $46 a barrel as Saudi Arabia Continue Reading
Talks on curbing output have lifted prices as output increased Russian pledge to cooperate on supply deterred short sellers Russia’s decision earlier this year to engage in talks with OPEC Continue Reading
