Slava Ukraini !!
In reversal, Russia assuming more cuts than Saudi Arabia Vladimir Putin’s deal with OPEC to cut oil output and boost prices three years ago was a triumph for the Russian leader, bolstering his clout on the global stage. But now he’s had to make stinging concessions after U.S. President Donald Trump stepped in to end a price war. Amid relief
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The United States is ready to impose heavy oil import duties if the situation with energy prices does not change. This was stated by US President Donald Trump, CNBC reports . According to Trump, the introduction of duties depends on whether OPEC and Russia can agree on such a reduction in production, which will change the situation in the oil market. “Yes, I
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Rosneft chief Igor Sechin says lower prices will knock U.S. shale producers off line.
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By Irina Slav Russia has rejected a proposal by OPEC to deepen the oil production cuts agreed last December by another 1.5 million bpd, Reuters reported, adding Moscow has only agreed to extend current cuts that total 1.7 million bpd. Energy Intelligence’s deputy bureau chief Amena Bakr tweeted that there is still some hope as Russia was currently discussing the
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