Russia says Saudis proposing global oil production cut
Russia said on Thursday that OPEC's largest producer Saudi Arabia, had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help clear a glut of crude and prop up sinking prices.
Russians want to talk to OPEC about output, pipeline chief says
Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of Russia's pipeline monopoly said on Wednesday, remarks that helped spur a sharp rise in world prices.
Oil jumps after Russia dangles prospect of OPEC cooperation
Oil futures surged on Wednesday after Russia indicated there was a possibility of co-operation with OPEC, fanning hopes for a deal to reduce a global oversupply that sent prices to the lowest levels in over a dozen years last week.
Iraq says Saudi, Russia change tone on possible oil deal
OPEC kingpin Saudi Arabia and top non-OPEC producer Russia are showing signs of flexibility about agreeing to tackle an oil glut that has pushed prices to 12-year lows, the oil minister of Iraq said on Tuesday.
Oil selling resumes as Iraq supply worsens glut
U.S. oil prices recoiled 6 percent on Monday, slipping below the pivotal $30-a-barrel threshold in post-settlement trade, after news that Iraq's output reached a record last month returned attention to a market glut that sent prices to 12-year lows last week.
OPEC, Russia talk of oil teamwork, but Saudi talks of investment
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi Arabia signaled its resolve to allow the market to balance itself.
Ukraine Levies $3.5 Billion Fine On Russia's Gazprom
Ukraine's state antimonopoly agency has imposed a $3.5 billion fine on Russia's Gazprom for allegedly abusing its monopoly control of Ukraine's natural-gas transit system.
The Far-Reaching, Unexpected Effects Of Falling Oil Prices
What do a Kurdish Peshmerga fighter, a Russian villager, and an American miner have in common? They have all been adversely affected by plunging oil prices.
|
