Tag Archives: Russia

Both Moscow and Riyadh said cooperation would continue beyond the current agreement.

The two sides are likely to finalize a contract at St. Petersburg International Economic Forum which will kick off later this week.

For all OPEC members. $55 [per barrel] and a maximum of $60 is the goal at this stage.

The pain for OPEC will increase to such a point that 100% compliance is unrealistic.

Last December. Russia and 10 other non-OPEC nations agreed to join OPEC'.s output cuts for the first time in 15 years.

Iran has so far signed memoranda of understanding (MoUs) with four Russian companies for developing its oil and gas fields.

The Russian energy minister noted that the issue of gas supplies to Ukraine might be raised within the talks.

Non-shale non-OPEC production. which has been resilient so far. is likely to require material reinvestment in new and existing projects over the coming years.

The decision by oil producing countries to extend production cuts agreement by nine months gives the market much needed visibility.

Russian state gas exporter Gazprom is keen for Nord Stream 2 to be built by 2019.