Business Standard

Opec-russia Deal

OPEC, Russia to extend record oil cuts until end of July: Draft deal

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis.

OPEC, Russia to extend record oil cuts until end of July: Draft deal
Updated On : 06 Jun 2020 | 8:41 PM IST

Opec, Russia meet to extend record oil supply cuts, push for compliance

An extension to cuts was contingent on high compliance, three Opec sources told Reuters

Opec, Russia meet to extend record oil supply cuts, push for compliance
Updated On : 06 Jun 2020 | 8:37 AM IST

Oil jumps as Opec, Russia agree to end price war in a record deal

The meeting between Opec producers and allies was held on Sunday via videoconference in a last effort to establish a deal

Oil jumps as Opec, Russia agree to end price war in a record deal
Updated On : 13 Apr 2020 | 8:21 AM IST

Brent tumbles to lowest since 2002, US crude dips below $20 per barrel

With Saudi Arabia and Russia set to flood the market with oil next month, producers and shippers have been scrambling to lock oil up in storage as demand falls.

Brent tumbles to lowest since 2002, US crude dips below $20 per barrel
Updated On : 31 Mar 2020 | 2:29 AM IST

Russia, Saudi agree to extend oil cuts for as long as 6 to 9 months: Putin

The current deal removed 1.2 million barrels a day of OPEC+ production, helping to send oil prices higher

Russia, Saudi agree to extend oil cuts for as long as 6 to 9 months: Putin
Updated On : 29 Jun 2019 | 10:28 PM IST

Opec-Russia combine may harden oil prices

With Russia, the oil cartel accounts for 53% of world crude production, based on 2015 data

Opec-Russia combine may harden oil prices
Updated On : 29 Dec 2016 | 12:31 AM IST

Russia's Rosneft boss Igor Sechin says no to OPEC oil cut

President Vladimir Putin told an energy congress on Monday that Russia was ready to join the proposed OPEC cap

Russia's Rosneft boss Igor Sechin says no to OPEC oil cut
Updated On : 11 Oct 2016 | 2:32 PM IST