Compliance with OPEC+ oil output cuts is seen at 95% to 97% in July, according to OPEC+ sources and a draft report seen by Reuters on Monday, two days ahead of a meeting of key OPEC+ producers to review adherence with their production pact as demand slowly recovers.

• August 17, 2020

OPEC oil output has risen by over 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf members ended their voluntary extra supply curbs on top of an OPEC-led deal, and other members made limited progress on compliance.

• July 31, 2020

Oil prices slipped on Tuesday as investors worried that rising COVID-19 cases would hurt demand while supply could rise with a potential resurgence of Libyan oil production, which has slowed to a trickle since the start of the year.

• July 3, 2020

Oil prices were steady on Monday, supported by tighter supplies from major producers but held in check by concerns over a rise in coronavirus infections worldwide that could stall a recovery in fuel demand.

• June 22, 2020

Nigeria did not fully comply with a pact by oil producers to rein in output to balance markets but will make additional cuts to make up for the lapse by mid-July, the head of the Nigerian National Petroleum Corporation Mele Kyari said on Wednesday.

• June 10, 2020

U.S. senators announced a bill on Thursday expanding sanctions on Russia’s Nord Stream 2 natural gas pipeline and targeting the project Washington says will boost Moscow’s economic and political influence in Germany and other European countries.

• June 5, 2020

A Russian safety watchdog warned a subsidiary of mining giant Norilsk Nickel in 2017-2018 about dozens of violations at a fuel site in the Arctic where a huge leak of diesel fuel occurred last week, the RBC media portal reported on Friday.

• June 5, 2020

Russia’s Energy Minister Alexander Novak is in constant contact with ministers of other OPEC+ nations, the Kremlin said on Thursday, but did not confirm the timing of an expected meeting to discuss oil output cuts.

• June 5, 2020