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.
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.
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.
Russia, Ukraine to hold further gas talks in May
Russia and Ukraine will meet for further gas talks in May after an EU-mediated discussion in Brussels on Monday yielded no concrete results, Russian Energy Minister Alexander Novak said.
Russia says oil price war with U.S. would be too costly
Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said.
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