Venezuelan oil minister said six crude oil producing countries including Iran and Russia support convening an emergency meeting between OPEC and non-OPEC member states, Iran’s Oil Ministry’s news agency reported Continue Reading
GToday, human influence has transformed almost every part of the globe. But looking at the span of human history, this wasn’t the case until quite recently. That’s one of the Continue Reading
Venezuela’s Oil Minister Eulogio Del Pino faces an uphill battle persuading Russia and Saudi Arabia to cooperate in cutting oil production amid a supply glut that has pushed prices down Continue Reading
Venezuelan oil minister Eulogio Del Pino Friday said he will travel to Russia, Qatar, Iran and Saudi Arabia next week to coordinate a meeting between OPEC members and non-OPEC oil Continue Reading
When Saudi Arabia and Russia sat down to talk about limiting oil production 14 months ago, the discussions to stem a collapse in prices did not get very far. “The Continue Reading
An Iranian woman refuels her car at a gas station in Tehran on Jan. 25. Iran wouldn’t coordinate a crude-oil output reduction with the Organization of the Petroleum Exporting Countries Continue Reading
Russian Deputy Prime Minister Arkady Dvorkovich on Friday played down expectations that Russia could coordinate with OPEC to arrest the fall in oil prices by reducing production, saying the state Continue Reading
OPEC delegates said they have no meeting planned with Russia after the country’s Energy Minister Alexander Novak indicated he was willing to meet with the group next month to coordinate Continue Reading
Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of Russia’s pipeline monopoly said on Wednesday, Continue Reading
Some of OPEC’s key players defended their strategy of keeping the taps wide open, saying Tuesday that they are bracing for low oil prices to continue—perhaps until the end of Continue Reading
