Saudi Arabia will boost output in July to match its output OPEC quota while ending deeper, voluntary cuts amid signs of global demand recovering, the Saudi energy minister said on Monday.

• June 8, 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

By Sergey Markedonov, Leading Researcher, MGIMO Institute

Future historians will definitely christen the year 2020 as the worldwide onset of coronavirus. It seems like tons of research articles and expert reports on the impact of the pandemic on the global economy and international political processes have been published. However, it is quite obvious that with the focus having been shifted towards the global perspective, the processes taking place in individual countries and regions appear to be falling out of sight. In the meantime, all of the conclusions drawn about the comprehensive implications of COVID-19 will remain somewhat schematic and generic without due consideration of their nuances and peculiarities. READ MORE

• June 4, 2020

Oil pulled back slightly on Wednesday after briefly jumping above $40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut crude supplies.

• June 3, 2020

Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and U.S. states begin to reopen after coronavirus lockdowns.

• June 3, 2020

When OPEC, Russia and their allies agreed in April to slash oil production, little did they expect that their initiative to prop up collapsing prices would be helped by a swift drop in U.S. output.

• June 3, 2020