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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.
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Oil hits five-month high as Libyan output threatened
Oil prices rose to a five-month high on Monday, driven by expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela.
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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.
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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.
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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.
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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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Rosneft seeking further tax breaks for Russia's largest oilfield -ministry
Rosneft is seeking further tax relief for its Priobskoye oilfield, Russia’s largest, but the finance ministry considers the request “inexpedient”, a spokeswoman said on Friday.
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Russia complying with global deal to cut oil output: energy minister
Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said on Monday.
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