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OPEC and non-OPEC producers will meet in Vienna on June 22-23 to review the current deal.
Read More »Russian Oil Output Inactive but Remains above Quotas
Russia Seeks Increase Oil Quota
Rosneft this week started testing its capacity to increase output.
Read More »Arab Oil Ministers Call for Continued OPEC. Non-OPEC Cooperation
The agreement has helped raise oil prices to above $80 a barrel and reduce a global oil supply glut.
Read More »Putin Greets Russia-OPEC Partnership
The Russian leader thanked the Crown Prince for the initiatives on development of Russian-UAE hi-tech cooperation.
Read More »Rosneft Testing Oil Production Increase Ahead of OPEC Talks
Russia and Saudi Arabia have signaled easing of supply cuts.
Read More »OPEC May Oil Output Hits New Low on Nigeria. Venezuela
OPEC oil output fell to a 13-month low in May.
Read More »Russia has Potential for Increasing Oil Output within Months
Russian Energy Minister Alexander Novak said that returning to oil production levels of October 2016 is one of the options for the future of the OPEC+ deal.
Read More »Oil Climbs over 2 Percent. Shrugs off API`s U.S. Crude Build
Oil prices surged on Wednesday. shrugging off an unexpected build in U.S. crude stockpiles.
Read More »Barkindo Denounce Under-Investment in Global Oil Industry
Every effort should be made to avoid a potential supply gap.
Read More »Iran Asks OPEC to Support against U.S. Sanctions
OPEC governors meet next in October.
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