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Now Russia and Saudi Arabia are discussing opening the taps by an extra million barrels per day.
Read More »OPEC and Russia Change Tack with Plan to Open Oil Floodgates
Oil Price Drops as Saudis Signal Likely Supply Boost
Asian markets mostly fell Friday after the news of Trump'.s cancellation of the summit.
Read More »Russia and OPEC to Boost Oil Production
Move follows pressure from US as prices breach $80 a barrel.
Read More »Aramco IPO ‘Most Likely’ In 2019
Saudi Aramco’s much-hyped initial public offering is ``most likely`` to take place in 2019.
Read More »US Oil and Gas Production is Leaving Saudi Arabia and Russia Behind
The EIA estimates that the US pumped the equivalent of 30 million barrels of oil per day in 2017.
Read More »OPEC to Mull New Ways to Control Oil Stockpiles
OPEC and allied oil producers including Russia are discussing new ways of measuring global crude stockpiles.
Read More »Pradhan Wants Saudis to Keep Oil Prices Stable
Pradhan has concern about rising prices and its negative impact on consumers and the Indian economy.
Read More »Saudi Arabia. UAE. Russia to Discuss Oil Supplies Following US Withdrawal from JCPOA
St. Petersburg International Economic Forum will be held on May 24-26. 2018.
Read More »India has Saudi Assurances on supply as Oil Hits $80 per barrel
OPEC and its ally Russia have cut their output since January 2017 to help reduce excessive global stockpiles.
Read More »Novak Plans to Discuss U.S. Withdrawal from Iran Deal with Saudi Falih
Global oil prices are currently under the influence of geopolitics.
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