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News // Middle East and OPEC

Minister: Azerbaijan not considering joining OPEC, remains committed to output cut deal

Azerbaijan is not considering joining OPEC but remains committed to the OPEC coalition output cut deal.

24 April 2018 , 10:23Neftegaz.RU7970

Rosneft to open a research and development center in Qatar

Rosneft has opened an office of the International center for research and development in Qatar.

29 March 2018 , 18:00Neftegaz.RU11130

OPEC is looking to extend oil production cooperation with Russia for up to 20 years

Saudi Crown Prince Mohammed bin Salman told that OPEC is looking for a long-term agreement of 10 to 20 years.

28 March 2018 , 10:10Neftegaz.RU9780

Russia will stick to the OPEC deal

Russia will continue to comply with the OPEC oil production cut deal.

20 March 2018 , 18:00Irina SlavNeftegaz.RU5790

OPEC drafting agreement to institutionalize market cooperation with Russia, other allies

OPEC is drafting an agreement that would institutionalize the producer group´s oil market cooperation with Russia.

16 February 2018 , 12:06Neftegaz.RU5600

Russia gets $41.5 billion boost from OPEC deal

 Since the start of the OPEC-Russia cut deal, Russia’s oil companies and government have received the equivalent of around $41.5 billion more in proceeds.

14 February 2018 , 14:07Tsvetana ParaskovaNeftegaz.RU6160

Libyan oil production hits post-Gadhafi high

Total oil production from Libya in January was close to 1 million barrels per day.

09 February 2018 , 14:06Daniel J. GraeberNeftegaz.RU5270

U.S oil production to surpass Saudi Arabia, rival Russia this year, says IEA

U.S. domestic crude oil production this year is likely to exceed 10 million b/d.

23 January 2018 , 16:06David BradleyNeftegaz.RU5690

Venezuela presides over OPEC in 2018

Venezuela has assumed the rotating presidency of the OPEC.

22 January 2018 , 13:00Neftegaz.RU5820

Saudi Arabia and Russia: there was «unwavering resolve» to limit oil production

OPEC and non-members met in Oman.

22 January 2018 , 10:26Neftegaz.RU8260

Russian effort to comply with OPEC balancing effort based on market, not price

The situation on the market, not the price of oil, determines Russia's appetite for complying with the OPEC balancing act.

17 January 2018 , 12:07Daniel J. GraeberNeftegaz.RU6320

Russia to discuss possible exit from OPEC deal

Russia may be on its way out of the OPEC output reduction deal, Alexander Novak said.

15 January 2018 , 10:25Zainab CalcuttawalaNeftegaz.RU6440

Russia sees OPEC & Co exit oil cuts pact very smoothly

OPEC and its non-OPEC allies led by Russia will exit the production cuts deal very smoothly.

25 December 2017 , 13:00Nefteagz.RU6040

Energy Minister: Kazakhstan comfortable with oil at $62-63

Kanat Bozumbayev assured that the country has a plan in case of deviation from the OPEC agreement to extend oil output cut.

07 December 2017 , 16:11Neftegaz.RU6760

OPEC and Russia agreed to extend oil production cuts until the end of 2018

OPEC agreed to extend production curbs to the end of next year.

01 December 2017 , 10:10Neftegaz.RU11310

Forget OPEC, Putin is calling the shots in global oil

Do you remember who first said anything about extending the oil production cut deal until the end of next year?

29 November 2017 , 16:07Irina SlavNeftegaz.RU7200

Oil prices move lower in Russian fence-sitting

Doubts about the durability of the OPEC-led effort to balance the mark sent crude oil prices lower.

16 November 2017 , 12:10Daniel J. GraeberNeftegaz.RU6930

Azerbaijan would support further OPEC balancing actions

Azerbaijan is ready to get in line behind any extraordinary effort needed to stabilize the market if a plan develops.

20 October 2017 , 18:00Daniel J. GraeberNeftegaz.RU7920

Gazprom Neft unhappy with OPEC-Russia production cut deal

Gazprom Neft is holding its nose to the OPEC/non-OPEC production cut deal because it has made the company cut its production growth targets.

17 October 2017 , 16:09Tsvetana ParaskovaNeftegaz.RU9030

Algeria and Russia committed to continuing efforts to stabilize oil market

Algeria and Russia underlined convergent views to rebalance the oil market.

11 October 2017 , 14:09Neftegaz.RU10400