Tag Archives: Russia

Energy Minister Alexander Novak said it would take Russia ``months`` to get down to its requested level.

The pipeline is set to cross beneath the Black Sea from Russia to Turkey.

OPEC resumes discussions in Vienna on Friday before heading into a meeting with non-OPEC oil producers led by Russia later in the day.

Two of OPEC’s members. Libya and Nigeria. have asked to be exempt from the cuts like they were for the last round of cuts.

The Saudis are working hard on the cut. But if Russia says no cut. then OPEC won'.t cut.

The China-Russian oil pipeline has reduced costs and raised the efficiency of China'.s oil imports from Russia.

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.