Exclusive: Russia clashes with Western oil buyers over new deals as sanctions loom
Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions.
Russia's Rosneft says third quarter daily oil output up 3.4 percent year-on-year
Russian oil giant Rosneft said on Monday its average daily crude oil and gas condensate production in the third quarter rose by 3.4 percent in year-on-year terms to 4.73 million barrels thanks to a global supply deal easing.
Oil prices drop over 2 percent on Iran sanctions waivers
Oil prices fell on Tuesday, with U.S. crude futures sliding to an eight-month low, a day after Washington granted sanction waivers to top buyers of Iranian oil and as Iran said it had so far been able to sell as much oil as it needs to sell.
U.S. renews Iran sanctions, grants oil waivers to China, seven others
The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.
OPEC oil output rises to highest since 2016 despite Iran: Reuters survey
OPEC has boosted oil production in October to the highest since 2016, a Reuters survey found, as higher output led by the United Arab Emirates and Libya more than offset a cut in Iranian shipments due to U.S. sanctions.
Oil prices fall on signs of rising global supply
Oil prices fell on Wednesday and posted the worst monthly performance since mid-2016 on evidence of rising global crude supply, but losses were limited by signs of strong U.S. demand for fuel.
Hedge funds cut bullish bets on oil to lowest for over a year: Kemp
Hedge fund managers continued to liquidate former bullish positions in oil last week and for the first time in more than a year clear signs of fresh short-selling emerged.
Russia ready to continue cooperation with OPEC and non-OPEC oil producers
Russia is ready to continue cooperation with OPEC and non-OPEC oil producers, Russian Energy Minister Alexander Novak told reporters on Thursday, adding that the oil market is currently in balance despite volatile inventories.
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