Tag Archives: Economy

Russia is the producer everyone is watching ahead of the OPEC meeting.

Saudis want production cuts extended through 2018. while Moscow wants flexibility.

Oil markets are already showing jitters over the OPEC meeting this week.

OPEC. Russia and several other major producers have cut their combined output by about 1.8 million barrels per day since January.

Venezuela is ordering its embassies around the world to renegotiate rents at their diplomatic missions.

By 2022. the U.S. is expected to account for 40 percent of the world’s extra gas production.

Saudi Arabia and Russia have been the drivers of the production agreement.

The increase in energy consumption will come from improved living standards and higher per capita income.

Reports emerged last week that Russia is considering a delay on the decision to extend the cut.

The former statistic highlights ``the feasibility of the economic reforms`` underway.