Архив новостей по теме "ОПЕК"

The OPEC+ countries agreed to reduce oil production by 2 million barrels per day. This is an unprecedented decision, supported by Saudi Arabia despite US calls to increase oil production against the backdrop of the G7 countries preparing a price “ceiling” for Russian “black gold”. “After today’s gesture from the Gulf monarchies, it is at least clear what the Azov people were exchanged for,” comments columnist Yegor Kholmogorov. ABOUT…

For Russia, withdrawal from the OPEC+ agreements and exemption from quotas will only bring benefits, while the countries of this international organization will suffer greatly. Vyacheslav Kulagin, head of the department for research of the energy complex of the world and Russia at the Institute of Energy Research of the Russian Academy of Sciences, stated this during a round table in Moscow, a PolitNavigator correspondent reports. “Let’s imagine that Russia withdraws from the OPEC+ agreement today...

The decision of oil-producing countries to reduce production has become painful for Russian companies. The President of the Russian oil company LUKOIL, Vagit Alekperov, said this, a PolitNavigator correspondent reports, in an interview with Kommersant. He was asked which concept within OPEC+ seems more correct to him: maintaining the price of oil or producing more. “I believe that consistency produces the best performance. We carry...

The consensus of the two OPEC+ leaders, Russia and Saudi Arabia, allowed the Russian Federation to increase oil production. The correspondent of PolitNavigator reports this, writes Rossiyskaya Gazeta, specifying that other countries also wanted to increase oil production. “Russia will be able to increase oil production in February and March by 65 thousand barrels per day every month, while for the rest of the alliance members...

After the OPEC+ deal, there will be no automatic rollback to previous oil prices. Experts interviewed by Moskovsky Komsomolets come to this conclusion, a PolitNavigator correspondent reports. “Of course, there will be no automatic rollback to previous price tags. Thanks to the deal, we, in general, avoided the worst thing - the price prospects below $20 per barrel. Now the market should gain a foothold at least...

Based on the results of the deal concluded within the framework of OPEC+, one should not expect a quick recovery in oil prices. Gazprom Neft CEO Alexander Dyukov stated this in an interview with Kommersant, answering a corresponding question. “Of course, we should not expect a sharp rise in prices as a result of the transaction. We assume that the second quarter will be the most difficult, but we hope that...

The beginning of April 2020 turned out to be turbulent. The global coronavirus pandemic has exacerbated the ongoing economic crisis. Due to quarantine measures introduced by states, human and logistic mobility has sharply decreased, leading to an excess of oil on the “black gold” market, and, as a result, to a collapse in hydrocarbon prices. Falling oil prices have spurred Saudi Arabia and a number of other Arab countries to irresponsibly...

The OPEC+ deal, under which the main oil-producing countries agreed to reduce production of “black gold,” was good news for the Russian currency. This opinion was expressed by the head of the Alpari IAC, Alexander Razuvaev, in a commentary to Moskovsky Komsomolets. “For the ruble, the OPEC+ agreement is good news so far. It is already obvious that in the second quarter of 2020 oil will trade at a modest level...

Russia and Saudi Arabia, leaders of the OPEC+ group of countries, agree on an unprecedented production cut of 10% of global oil production. Kommersant writes about this, citing sources familiar with the progress of the negotiations. It is noted that Russia and Saudi Arabia have reached a compromise according to which both countries will count their quota at 22% of the production volume of 11 million barrels per day.…

A new agreement between oil-producing countries appears to have already been agreed upon. This forecast is given by senior analyst of BCS Premier Sergei Suverov, whose opinion is quoted by Moskovsky Komsomolets. According to the expert, there is a high probability that a new OPEC+ deal will take place, and with the participation of the United States. “And, judging by the leaks from the Ministry of Energy of the Russian Federation about the three-month period of the new agreement, preliminary parameters have already been agreed upon. At…

The United States and Canada used the OPEC+ deal to make huge profits behind the backs of Moscow and Riyadh. Chairman of the Council of the Union of Oil and Gas Industrialists of Russia Yuri Shafranik stated this during a press conference in Moscow, a PolitNavigator correspondent reports. “For decades, Russia and OPEC have been discussing how to cooperate, we won’t go into assessments now, but since we made a deal,...

Negotiations between OPEC countries in Vienna on reducing oil production in order to stop the fall in fuel prices due to the slowdown in China's economy after the coronavirus outbreak ended without results. The price of Brent oil has already dropped to $45,5 per barrel (today’s drop was $4), such figures were last seen in the summer of 2017. This is already...

If Russia refuses to reduce oil production, this will be followed by another drop in prices, which will deal a sensitive blow to American shale oil production. Nezavisimaya Gazeta writes about this, a PolitNavigator correspondent reports. “On Friday, March 6, Russia may decide the fate of the US shale oil industry. Until recently, the United States accused the Organization of Petroleum Exporting Countries (OPEC) of monopoly and...

OPEC countries have agreed to reduce oil production in 2019, a PolitNavigator correspondent reports. Iraqi Oil Minister Tamer al-Ghadban told reporters about this. Negotiations reportedly lasted several hours. According to the agreements, oil production will decrease by 1,2 million barrels per day. Against this background, the price of Brent jumped to $63 per barrel. According to Al Ghadban,...