63772
Russia Leaning Toward Extending  Oil Deal
Russia Leaning Toward Extending  Oil Deal

Russia Leaning Toward Extending Oil Deal

Russia Leaning Toward Extending Oil Deal

Russia is leaning toward a six-month extension to an agreement among major producers to cut oil production, Energy Minister Alexander Novak said Thursday. "We are now holding final negotiations on this subject with our partners and are leaning toward an extension," Novak told reporters, Sputnik reported. Russia is part of the so-called Vienna Agreement, establishing a 1.2 million-barrel-per-day output cut from January until June, with a pledge to reduce oil production by 300,000 bpd per day. The Organization of Petroleum Exporting Countries meets this month to discuss oil supply policy. An OPEC and non-OPEC technical committee has recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said, in an effort to clear a glut of crude that has weighed on prices.

Short URL : https://goo.gl/8fhhsT
  1. https://goo.gl/DUSn2W
  • https://goo.gl/utvAAN
  • https://goo.gl/q2jw8s
  • https://goo.gl/sd3ZoU
  • https://goo.gl/Dyjrgr

You can also read ...

The OGCI initiative is now made up of BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total.
ExxonMobil, Chevron and Occidental Petroleum are joining the...
New Delhi Will Pay for Iranian Oil in Rupees
India may revert to paying Iran in rupees for the oil it buys...
Zanganeh to Veto OPEC Decisions Against Iran
Oil Minister Bijan Namdar Zanganeh on Thursday said he would...
Iraq Crude Exports From South Nearing Record High
Crude oil exports from southern Iraq are close to a record...
US Wants Lower Oil Prices  for Protecting Arab States
US President Donald Trump on Thursday demanded OPEC lower...
MAPNA to  Build Petrochem,  Power Plant in Parsian SEZ
Iran's top engineering and energy enterprise MAPNA Group is...
US Oil Sanctions to Harm Int'l Economy
Imposing sanctions against oil producing states like Iran will...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus