Stocks, oil slide on fears of second pandemic
Fears of a second wave of COVID-19 infections rocked world markets on Monday, knocking down oil prices and a gauge of global equity performance more than 2% at one point, as investors grappled with how to assess the economic recovery.
Russia detains Arctic power station managers it blames for fuel spill
Russian investigators said on Wednesday they had detained three managers of an Arctic power station whom it blamed for a fuel spill last month which leaked 21,000 tonnes of diesel into rivers and subsoil.
Nigeria to reach OPEC+ compliance by mid-July
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.
Putin and Merkel discuss Syria, Libya, Ukraine in phone call: Kremlin
Russian President Vladimir Putin and German Chancellor Angela Merkel discussed Syria’s humanitarian aid needs in a telephone call, the Kremlin said in a statement on Tuesday.
Saudi Arabia to end voluntary cuts on top of OPEC+ pact
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.
Russia fires anti-tank gun at oil well to put out blaze
Russia said on Monday it had successfully put out a fire at a Siberian oil well after officials called in the military to shoot anti-tank artillery shells at the wellhead from a distance in order to quell the flames.
Oil falls 3% despite OPEC+ cuts as Gulf ends voluntary curbs
Oil fell about 3% on Monday after Saudi Arabia said an extension of output cuts by OPEC+ nations would not include additional voluntary reductions by a trio of Gulf producers.
Russia in constant contact with OPEC+ nations, gives no meeting time
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.
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