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GCC countries are thinking about the need to replace lost Iranian barrels.
Read More »Saudi Arabian and Russian Oil Market Policy to Dominate OPEC summit in Vienna
Brent Decline as Saudi. Russia could Support Output Hike
South Korea’s Iranian crude oil imports fell in May to their lowest since January.
Read More »Russia and Saudi Arabia Agree OPEC+ Format should be Extended
Russia and Saudi Arabia planned to sign a mutual agreement which will draw their cooperation in the energy arena to a new level.
Read More »Russia. Saudi Arabia Agree to Expand Cooperation to Stabilize Energy Markets
Russia and Saudi Arabia intend to support investment in the oil and gas sector.
Read More »Saudi Oil Output Rises Above 10 Million Barrels a Day
Iraq on Monday joined Iran and Venezuela in opposing any plans to start boosting crude output.
Read More »Saudis Start to Rise Oil Output. Ahead of OPEC Meeting
Saudi Arabia and some other Persian Gulf producers recently favored the idea of increasing overall output by 300.000 to 400.000 barrels a day.
Read More »OPEC and Russia Change Tack with Plan to Open Oil Floodgates
Now Russia and Saudi Arabia are discussing opening the taps by an extra million barrels per day.
Read More »Russia and OPEC to Boost Oil Production
Move follows pressure from US as prices breach $80 a barrel.
Read More »Venezuela could Prompt OPEC to Pump More
India has asked Saudi Arabia for assurances that oil prices will remain stable and moderate.
Read More »OPEC may Decide to Ease Oil Supply Curbs in June
Concerns raised by the United States that oil prices were too high also made the exporting group start internal discussions.
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