Oil gives up gains even as OPEC works on big output cut
Crude oil prices were mixed, giving up early gains despite expectations that major producers were closing in on an agreement to cut supply aimed at offsetting a slump in demand caused by the coronavirus outbreak.
OPEC struggles to win Russian backing for big oil cut amid coronavirus
Saudi Arabia and other OPEC members struggled on Wednesday to win support from Russia to join them in additional oil output cuts in a bid to prop up prices which have tumbled by a fifth this year because of the coronavirus outbreak.
Turkey, Russia launch TurkStream pipeline carrying gas to Europe
The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow’s efforts to reduce shipments via Ukraine.
Belarus and Russia agree on tainted oil compensation approach: RIA cites Belarus government
Belarus and Russia have agreed on an approach and method to compensation over tainted oil in the Druzhba pipeline, the RIA news agency said on Monday, citing the Belarusian government.
Belarus touts U.S. as possible alternative to Russian oil: Belta
Belarus is looking for alternatives to Russian oil and is in talks with the United States, Saudi Arabia and the United Arab Emirates about supplies, President Alexander Lukashenko said on Friday, the Belta news agency reported.
Russia set for long-term partnership with OPEC, says Gazprom Neft
Gazprom Neft, Russia’s third largest oil producer, believes Moscow’s cooperation with OPEC on output will continue into the long term, Deputy Chief Executive Vadim Yakovlev told reporters on Friday.
Russneft sole supplier of Russian oil to Belarus: sources
Russia’s Russneft, co-owned by trader Glencore, is the only Russian supplier delivering oil to Belarus after the start of the new year, allowing the neighbor’s refiners to continue processing modest volumes of crude, three industry sources told Reuters.
Turkey, Russia launch TurkStream pipeline carrying gas to Europe
The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow’s efforts to reduce shipments via Ukraine.
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