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News // Middle East and OPEC

Russian effort to comply with OPEC balancing effort based on market, not price

The situation on the market, not the price of oil, determines Russia's appetite for complying with the OPEC balancing act.

17 January 2018 , 12:07Daniel J. GraeberNeftegaz.RU2160

Russia to discuss possible exit from OPEC deal

Russia may be on its way out of the OPEC output reduction deal, Alexander Novak said.

15 January 2018 , 10:25Zainab CalcuttawalaNeftegaz.RU2620

Russia sees OPEC & Co exit oil cuts pact very smoothly

OPEC and its non-OPEC allies led by Russia will exit the production cuts deal very smoothly.

25 December 2017 , 13:00Nefteagz.RU2800

Energy Minister: Kazakhstan comfortable with oil at $62-63

Kanat Bozumbayev assured that the country has a plan in case of deviation from the OPEC agreement to extend oil output cut.

07 December 2017 , 16:11Neftegaz.RU2900

OPEC and Russia agreed to extend oil production cuts until the end of 2018

OPEC agreed to extend production curbs to the end of next year.

01 December 2017 , 10:10Neftegaz.RU3340

Forget OPEC, Putin is calling the shots in global oil

Do you remember who first said anything about extending the oil production cut deal until the end of next year?

29 November 2017 , 16:07Irina SlavNeftegaz.RU3590

Oil prices move lower in Russian fence-sitting

Doubts about the durability of the OPEC-led effort to balance the mark sent crude oil prices lower.

16 November 2017 , 12:10Daniel J. GraeberNeftegaz.RU3530

Azerbaijan would support further OPEC balancing actions

Azerbaijan is ready to get in line behind any extraordinary effort needed to stabilize the market if a plan develops.

20 October 2017 , 18:00Daniel J. GraeberNeftegaz.RU4330

Gazprom Neft unhappy with OPEC-Russia production cut deal

Gazprom Neft is holding its nose to the OPEC/non-OPEC production cut deal because it has made the company cut its production growth targets.

17 October 2017 , 16:09Tsvetana ParaskovaNeftegaz.RU4960

Algeria and Russia committed to continuing efforts to stabilize oil market

Algeria and Russia underlined convergent views to rebalance the oil market.

11 October 2017 , 14:09Neftegaz.RU5550

Summer best time to back out of OPEC deal, Russia says

It's best to draw out of the OPEC-led effort to balance the market with production cuts during the summer when demand is high.

29 September 2017 , 13:30Neftegaz.RU5440

Nigeria ready to play OPEC ball, Russia says

Nigeria may be ready to give up its status as an OPEC member exempt from the effort to balance the market with production cuts.

25 September 2017 , 10:21Neftegaz.RU4530

Russia says it's doing more than it needs to for oil market balance

Russia is doing more than it needs to in order to move the level of oil on the market closer to the 5-year average.

14 September 2017 , 10:14Neftegaz.RU4280

U.S. dollar, not OPEC, driving markets, Russian oil boss says

The value of the U.S. dollar is having more of an impact on oil markets than the OPEC effort to trim production.

08 September 2017 , 18:00Daniel J. GraeberNeftegaz.RU5160

Iraq has fallen below agreed oil production cuts

Iraq said it has gone deeper than its pledged oil-output cut.

04 September 2017 , 13:00Neftegaz.RU4000

Russia sees oil supplies dwindling from global market

Hundreds of millions of barrels of crude oil are lacking from the global energy market because of joint efforts with OPEC.

24 July 2017 , 15:31Daniel J. Graeber4020

Libya called to share production plans with OPEC in St.Petersburg next week

Libya has been called on by the OPEC to share production plans at a summit next week, an oil company director said.

19 July 2017 , 10:12Neftegaz.RU4470

Minister Kachikwu: Nigeria’ll support OPEC resolve to stabilise market

As members of the OPEC, Nigeria expressed commitment to support all resolutions to stabilize the international oil market.

14 July 2017 , 14:12Neftegaz.RU4710

Kazakhstan not backing out of OPEC production cut deal

Kazakhstan is standing by its commitment to stick to the OPEC/non-OPEC agreement for production cuts.

13 July 2017 , 16:11Tsvetana ParaskovaNeftegaz.RU4910

Oil slides as Russia speaks out against deeper output cuts

Russia will oppose any attempts to deepen the oil production cuts currently in effect in OPEC and 11 other oil producers.

06 July 2017 , 10:11Neftegaz.RU3550

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