Tag Archives: Europe

Russia has for years been cooperating with OPEC. helping to engineer a rebound after a 2014 oil price slump.

Riyadh has suggested OPEC and its allies reduce output by 1 million barrels per day from January 2019 to stem the price falls.

OPEC and non-OPEC oil producers will hold a ministerial meeting Dec. 6-7.

The production decline is the first since the beginning of this year.

Russia and Bulgaria have been negotiating on the pipeline'.s route for some time.

Europe needs an extended timeframe to implement its strategies for preserving Iran’s benefits from the 2015 nuclear deal.

A decision on the production policy in 2019 can be reached at an OPEC+ ministerial meeting in Vienna on December 6-7.

Crude reserves increased 6.4 billion barrels. or 19.5 percent. to 39.2 billion barrels at year-end 2017.

The Iranian Minister of Energy has in Russia reviewed obstacles on the way of expanding economic cooperation between Iran and Russia.

Russia is the key non-OPEC partner in the production cut deal with OPEC.