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News // Поиск по тегу 'opec'

Russia says 6-month oil output freeze most efficient

Freezing global crude oil production for 6 months with an option for an extension would be the most appropriate and efficient way to rebalance the market, said Russia’s Energy Minister Alexander Novak.

18 October 2016 , 10:08Tsvetana ParaskovaNeftegaz.RU0

St. Petersburg Bunker avails show improvement following shortage

Market sources said that bunker fuel availability at the Russia's port of St Petersburg had improved.

14 October 2016 , 12:00Neftegaz.RU0

Venezuela president about Russia and «new mechanism» for higher oil prices

The price of crude has recovered in the last days but the recent period of low oil prices has been deeply hurtful for producers like Venezuela who are heavily dependent on crude exports.

12 October 2016 , 14:26Neftegaz.RU0

Sechin: Rosneft will not cap oil production as part of a possible agreement with OPEC

«Why should we do it?» Sechin told in Istanbul on Monday evening.

11 October 2016 , 14:02Neftegaz.RU0

Putin: Russia will join Opec efforts to stem decline in crude oil price

Vladimir Putin said at the World Energy Congress in Istanbul that Russia will join the deal to cut global crude output.

11 October 2016 , 10:11Neftegaz.RU0

Russia takes a swipe at OPEC freeze deal by maintaining price forecast at $40

Russia, whose economic future is said to revolve around crude prices at the $40 level, is maintaining its outlook that this price level will be the average in the next three years – despite oil climbing to near $50 in the wake of this week's Organization of the Petroleum Exporting Countries' deal to cut production.

04 October 2016 , 15:04Neftegaz.RU0

Is Russia about to ruin the oil price revival?

Alexander Novak said that Russia has no immediate plans to change its current level of oil output, which is at near-record levels.

30 September 2016 , 15:12Julianne GeigerNeftegaz.RU0

Iran And Saudis: No freeze deal in Algeria, here's hoping for better luck in Vienna

Less than 24 hours before the freeze talks in Algeria get underway, Saudi Arabia and Iran have quashed any hopes for a deal to be made.

29 September 2016 , 12:00Neftegaz.RU0

Russia: Oil production freeze not essential

It's not essential to use artificial action on the energy market to correct the imbalance between supply and demand, Russia's energy minister said from Algeria.

27 September 2016 , 17:00Daniel J. GraeberNeftegaz.Ru0

Russian economy hinges on $40 Oil, Finance Minister warns that freeze talks won't have desired outcome

At least one major nation producer attending the OPEC´s  freeze talks this week has indicated that higher oil prices would be counterproductive to its own fiscal policies; in fact, Russia's economic future is said to revolve around crude prices at the $40 level.

26 September 2016 , 17:41Neftegaz.RU0

Iran to attend key oil meeting in Algeria

Attending the 15th Ministerial Meeting of the International Energy Forum (IEF), Iranian oil minister will deliver a speech in the first session of the Forum.

26 September 2016 , 15:36Neftegaz.RU0

OPEC Secretary General: Fair price necessary for oil market stabilization

If the oil price is fair for both supply and demand side, a stable oil market can be formed, Secretary General Mohammed Sanusi Barkindo said.

26 September 2016 , 13:00Neftegaz.RU0

Russia's energy minister: No oil production cuts on table

Russia's energy minister said there are no proposals on the table to cut crude oil production, though a move to hold levels steady is under review.

23 September 2016 , 14:11Daniel J. Graeber0

President Rouhani in Venezuela: Iran supports oil market stabilization

President Hassan Rouhani says Tehran supports any move for stabilization of the market and improvement of oil prices based on justice, fairness and observation of fair quota for the producing countries.

19 September 2016 , 13:00Neftegaz.RU0

OPEC revises Russian oil output estimate higher

With oil production on pace to increase through the year, economists at OPEC said Russia's economy is already on a clear road to modest recovery.

13 September 2016 , 12:23Daniel J. GraeberNeftegaz.RU0

Most oil industry experts see oil below $60 through 2017

Most top experts from the oil industry do not expect oil prices to trade beyond $60 per barrel in the next 12 months.

09 September 2016 , 18:20Charles KennedyNeftegaz.RU0

Saudi and Algerian oil ministers to meet OPEC chief in Paris

The energy ministers of Saudi Arabia and Algeria will meet with OPEC’s top official as major oil producers continue to lay the ground for a potential deal to bolster crude prices in Algiers later this month.

09 September 2016 , 14:18Brian WilsonNeftegaz.RU0

Venezuela regards as positive the initiative by Russia and Saudi Arabia to stabilize the global oil market

Venezuela´s Minister of Petroleum Eulogio Del Pino expressed the support for the initiative to stabilize the oil market announced by the Minister of Energy of Russia and the Minister of Energy of Saudi Arabia.

07 September 2016 , 14:05Neftegaz.RU0

Iranian Minister of Petroleum: Iran supports any decision by oil producers to stabilize market

Iranian Minister of Petroleum Bijan Zangeneh said Iran would support any decision by crude oil producers that would bring stability back to the oil market.

07 September 2016 , 10:00Neftegaz.RU0

Historic Saudi-Russian Oil Pact has «No Chance» of coming to anything, say critics

Like so much of the talk leading up to the OPEC freeze meeting later this month, news of Saudi Arabia and Russia agreeing to act together to stabilize oil looks good on paper – but critics dismiss it as just yet more lip service.

06 September 2016 , 16:20Ship&BunkerNeftegaz.RU0

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