Putin says no imminent decision on oil output cuts
President Vladimir Putin said on Tuesday that Russia and OPEC should discuss the future of their oil output-cutting deal later this year, adding that current oil prices suited Moscow.
UAE energy minister says Russia committed to OPEC+ oil cuts
United Arab Emirates’ energy minister said on Wednesday that Russia was committed to its oil supply cut agreement with OPEC and would not raise its output unless in coordination with the exporting group.
Oil rally stalls on talk of OPEC+ boosting output
Oil prices halted their rally on Monday, with both benchmarks down nearly 1 percent, after Russia’s finance minister said Russia and OPEC may decide to boost production to fight for market share with the United States, where output remains at record highs.
Russia signals OPEC and allies should raise oil output from June
One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signalled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.
OPEC oil output hits four-year low on Saudi cuts, Venezuela blackouts
OPEC oil supply sank to a four-year low in March, a Reuters survey found, as top exporter Saudi Arabia over-delivered on the group’s supply-cutting pact while Venezuelan output fell further due to sanctions and power outages.
Oil prices little changed as economic slowdown fears tempered
Oil prices held steady on Monday as investors weighed concerns of a slowdown in global economic growth against the prospect of tighter crude supply and lower U.S. inventories.
Oil prices gain around 1 pct on U.S.-China trade hopes
Oil prices rose about 1 percent on Monday, boosted by reports that the United States and China could reach a formal agreement as early as this month to end a tit-for-tat trade war that has limited global economic growth.
Gazprom grabs record share of Europe gas market despite challenges
Russia’s Gazprom increased its share of the European gas market last year despite a rising challenge from imports of U.S. liquefied natural gas (LNG), company officials told investors in Hong Kong on Tuesday.
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