Tag Archives: Production

Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by 1 million barrels a day.

Oil prices declined by more than 6 percent in the last few trading days.

The signed documents open a new stage in the development of cooperation between Russia and Ghana.

The whole investment is around 400 mln euros.

Since last year. oil producing countries have cut back production in an attempt to offset dipping prices.

Now Russia and Saudi Arabia are discussing opening the taps by an extra million barrels per day.

In the currency market. the euro bounced back from a low of $1.1646 touched on Friday to trade at $1.1685.

IHS Markit expects European gas prices to be increasingly set by the global market.

Asian markets mostly fell Friday after the news of Trump'.s cancellation of the summit.

Saudi Arabia and Russia are reportedly nearing an agreement to jointly increase oil production in the upcoming period.