OPEC struggles to win Russian backing for big oil cut amid coronavirus
Saudi Arabia and other OPEC members struggled on Wednesday to win support from Russia to join them in additional oil output cuts in a bid to prop up prices which have tumbled by a fifth this year because of the coronavirus outbreak.
Turkey, Russia launch TurkStream pipeline carrying gas to Europe
The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow’s efforts to reduce shipments via Ukraine.
OPEC December oil output slips as Nigeria, Iraq comply more
OPEC oil output fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made further cuts ahead of a new production-limiting accord, a Reuters survey found.
Belarus and Russia agree on tainted oil compensation approach: RIA cites Belarus government
Belarus and Russia have agreed on an approach and method to compensation over tainted oil in the Druzhba pipeline, the RIA news agency said on Monday, citing the Belarusian government.
Belarus touts U.S. as possible alternative to Russian oil: Belta
Belarus is looking for alternatives to Russian oil and is in talks with the United States, Saudi Arabia and the United Arab Emirates about supplies, President Alexander Lukashenko said on Friday, the Belta news agency reported.
Russia set for long-term partnership with OPEC, says Gazprom Neft
Gazprom Neft, Russia’s third largest oil producer, believes Moscow’s cooperation with OPEC on output will continue into the long term, Deputy Chief Executive Vadim Yakovlev told reporters on Friday.
Belarus halts own oil exports to Germany, Russian oil transit unaffected: sources
Belarus’ state oil company Belorusneft has suspended supplies of its own oil to Germany this month as Minsk needs to compensate for shortages of Russia-sourced oil amid a contract dispute with Moscow, four industry sources told Reuters on Friday.
Belarus introduces tax on oil transit and transportation
Belarus introduced a tax on Friday on oil transportation and transit across its territory, setting it at 50% of profits, a statement from the president’s office said.
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