Search Results for: Russian oil
Russia calls Saudi bluff after Riyadh threatens to spice up oil output
April 21st, 2016
The Russian Power Ministry says it’s prepared to extend oil manufacturing and exports ought to Saudi Arabia undergo with its menace to spice up output after the failure of the Doha talks. Russia’s oil output might attain 540 million ...
Oil Plunges After Output Talks Fail Amid Saudi Demands Over Iran
April 18th, 2016
No Doha deal as Saudi insists all OPEC members must join Russia says it was surprised by some nations changing position Oil tumbled by the most in two months after output talks Sunday between the world’s biggest producers ended without any ...
Russia Says Oil-Freeze Deal Could Go Ahead Without Iran
April 14th, 2016
Comments come ahead of meeting between major oil-producing nations in Qatar on Sunday Russian Energy Minister Alexander Novak said Wednesday that an agreement on freezing oil production could be reached between oil-producing countries without the participation of Iran, Tass ...
Oil prices hold steady on strong China demand, ahead of producer meeting
April 12th, 2016
Oil prices were stabile on Tuesday, with U.S. crude futures holding above $40 per barrel and Brent approaching $43 ahead of a meeting of major producers to discuss freezing output levels to rein in ballooning oversupply. U.S. West Texas ...
Oil Drops After Saudis Say Will Freeze Output Only If Iran Joins
April 4th, 2016
Will boost sales if others lift output: Deputy crown prince Russian production expands to set post-Soviet high in March Oil extended declines after Saudi Arabia’s deputy crown prince said the kingdom will freeze output only if Iran follows suit, ...
OPEC expects upsurge in oil prices with or without Iran
March 23rd, 2016
Crude prices will rise to a “moderate level” even if Iran joins the Russian-Saudi production freeze at a later date, predicts the Organization of the Petroleum Exporting Countries (OPEC). The world’s leading oil producers, including non-OPEC members, are meeting ...
Russia Deals Deepen India Hold in China Oil-Buying Backyard
March 22nd, 2016
India lift stakes in Siberia fields connected to ESPO pipeline China is biggest buyer of Russian crude, including ESPO supply India is expanding its footprint in China’s backyard by forging deals with Russia for stakes in Siberian fields that supply ...
Saudi Arabia Said to Join Mid-April Oil Producer Meeting in Doha
March 17th, 2016
Crude prices have risen more than 30% since freeze proposed Qatar meeting would seek more commitments to cap production Saudi Arabia will join a meeting of producers from within and outside OPEC in Doha next month, adding weight to ...
Which country had become Russia’s biggest oil customer?
March 15th, 2016
China overtakes Germany as Russia’s top crude consumer The latest report from the International Energy Agency (IEA) shows that at the end of 2015 China had become Russia’s biggest oil customer. “Shipping data suggest that China is importing more ...
What oil freeze? Saudi Arabia and Russia pump more
March 15th, 2016
So much for that agreement to freeze output. The latest oil market data reveal that both Russia and Saudi Arabia ramped up their oil production in February, despite talks about supply caps. The two oil countries agreed to freeze output at ...
