OPEC+ crude manufacturing cuts may very well be prolonged – Putin
Posted On Saturday, October 24, 2020 By Russian Opinion. Under Economy Tags: could, crude, cuts, extended, OPEC, production, Putin
Russia doesn't rule out the likelihood that OPEC+ may lengthen its present 7.7 million barrels per day of manufacturing cuts into subsequent 12 months, in accordance with Russian President Vladimir Putin. ...
China has been shopping for a whole lot of US crude oil these days as a part of the commerce deal, however this shopping for spree could possibly be about to finish. ...
Crude costs slide on oversupply fears as main oil producers set to ramp up manufacturing
Posted On Monday, August 24, 2020 By Russian Opinion. Under Economy Tags: crude, fears, major, oversupply, prices, Producers, production, ramp, slide
Oil futures dropped on Monday as members of the Group of the Petroleum Exporting Nations (OPEC) and their allies led by Russia, generally known as OPEC+, are set to ease file oil manufacturing cuts, beginning this month. ...
S&P World Platts and Argus Media will launch new benchmarks for pricing US crude oil that's being exported to interchange the West Texas Intermediate benchmark. ...
The following OPEC+ assembly, initially scheduled for June 9-10, may happen sooner than anticipated in accordance with a Reuters report that cites a letter from the OPEC president of Algeria to the members of the broader producer group. ...
China’s imports of Russian oil have risen 18 p.c in April year-on-year, in line with Reuters, citing Chinese language customs information. Shipments reached 7.2 million tons, equal to 1.75 million barrels per day (bpd). ...
Indian Oil Minister Dharmendra Pradhan stated the South Asian nation is taking a look at storing some low-priced American crude at US amenities as a result of India’s native storage is full. ...
Crude costs soar on stronger demand as nations start to ease coronavirus restrictions
Posted On Monday, May 18, 2020 By Russian Opinion. Under Economy Tags: begin, coronavirus, countries, crude, demand, ease, prices, restrictions, soar, stronger
Oil costs jumped on Monday boosted by output cuts and indicators of restoration in demand for gasoline as international economies have began easing curbs that have been imposed to include the unfold of coronavirus. ...
Whereas the remainder of the world is tentatively popping out of lockdowns, China is profiting from the most affordable crude oil in years to fill up as demand is beginning to return on the planet’s largest oil importer. ...
The unprecedented oil market crash this week has put Russian crude below stress, with the Urals mix falling by nearly $ 6 to commerce beneath $ 12 per barrel, in accordance with vitality info supplier Argus Media. ...
