Tag Archives: Alexander Novak

OPEC+ oil ministers will meet in Vienna on March 6.

It’s going to be a very long delay. because Russia doesn’t have the technology.

OPEC+ is still waiting for Russia to clarify its position on deeper oil output cuts.

Oil is off more than 20% from peaks struck in January after a spreading virus hit demand in the world’s largest oil importer and fueled concerns of excess supplies.

The gas pipeline will enable the Russian Federation to optimize gas supplies.

OPEC and its allies. a grouping known as OPEC+. are scheduled to meet in Vienna on March 5-6.

Moscow needs more time to assess the situation. stopping short of giving a clear Russian position on the proposal.

Oil prices have fallen by more than $11 a barrel this year to $55. alarming producers.

The oil market was under pressure because of coronavirus outbreak and as a result the oil price had fallen to below $60 per barrel. adding. Efforts must be made to ensure the market balance.

Iraq. OPEC’s second-biggest oil producer. supports any agreement that would stabilize the market.