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.
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.
Fuel leak risk at Arctic mining site flagged by Russia years before spill: RBC
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.
U.S. senators move to tighten sanctions on delayed Russia-to-Germany gas pipeline
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.
OPEC+ keen to keep U.S. shale in check as oil prices rally
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.
Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns
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.
Oil hovers below $40 as doubts emerge over next step on OPEC cuts
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.
Saudi Arabia says no talks on new oil deal, Moscow suggests larger OPEC+
Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader.
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