You Searched For "russia production cut" and got 19 results
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2 mins read
Oil surges after OPEC and Russia agree to production cut
OPEC members will make up 800,000 barrels a day of the cut with Russia taking the remaining amount.…
Callum Burroughs
1 min read
Russia and Saudi Arabia vow to keep cutting oil production this summer
Russia is slashing oil production by 500,000 barrels a day starting August. Meanwhile, Saudi Arabia…
Jennifer Sor
1 min read
Oil dives below $50 on report Russia is against a production cut
The report comes just two days after Russia and Saudi Arabia agreed that asomething must be done to…
Jonathan Garber
1 min read
Cheap oil from Iran is filling the hole left by Saudi Arabia and Russia's productions cuts
Iran sold 1.6 million barrels of crude oil a day over the past two months, notching a five-year rec…
Jennifer Sor
2 mins read
Oil surges as Saudi Arabia and Russia end price war by agreeing on production cuts
The agreement emerged from a virtual meeting on Thursday that saw OPEC+ outline a deal to slash pro…
Carmen Reinicke
2 mins read
Russia notched record-high oil sales last week despite sanctions and production cuts
Russia has followed through with its vow to ship more oil to its allies, causing crude sales to not…
Jennifer Sor
2 mins read
Biden escalates feud with Saudi Arabia, warning of 'consequences' for cutting oil production in coordination with Russia
The White House said the OPEC+ decision to cut production targets, which will increase oil prices, …
Sinéad Baker
1 min read
Russia's oil exports are climbing near 4-month highs despite big production cuts
Moscow's crude exports climbed higher in the last four weeks despite earlier its move to slash its …
Jennifer Sor
1 min read
OPEC, Russia end oil-price war after agreeing to record-sized production cut
The price war between Russia and primarily Saudi Arabia transpired at a time when the global corona…
Joe Ciolli
3 mins read
Russia isn't letting OPEC take it down without a fight
"The ruble's decline has helped to somewhat insulate the government from the full effects of the oi…
1 min read
Russia and Saudi Arabia have likely made close to $3 billion this quarter as OPEC+ production cuts push oil toward $100 a barrel
Saudi Arabia has likely pulled in an extra $30 million a day in oil revenue, or about $2.6 billion …
Jennifer Sor
1 min read
Russia will slash oil exports 25% to try and push up crude prices for the west, report says
The cut will pull even more supply from western countries, with Russia already planning to cut 5% o…
Jennifer Sor
1 min read
Russia may be cheating on its own pledge to slash oil production
Traders are growing concerned that Moscow isn't following through on its commitment to pull back on…
Phil Rosen
2 mins read
Russia is slashing its oil output by 5% in retaliation to Western sanctions but it also likely that it is struggling to find buyers in the first place
The Kremlin's announcement of a 500,000 barrel-per-day crude oil output cut ignited fears that the …
Huileng Tan
1 min read
Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned
The cutback in March is a 40% larger reduction than the country pledged in February and could have …
Filip De Mott
1 min read
Russia threatens to cut its oil output to counter a US-led cap on prices
Russia's deputy prime minister said a US-led price cap plan on Russian oil created a 'very bad prec…
Zahra Tayeb
2 mins read
Oil is sliding after the 'scariest man on earth' said no to freezing production
His words have caused oil to slip a little off its best levels from Monday, with both major benchma…
Will Martin
2 mins read
Oil Price Plunge Casts Doubt On OPEC Supply Cut
The latest falls are being attributed to growing doubts over the cartel's willingness to cut produc…
Tomas Hirst,Tomas Hirst
1 min read
Russia is about to overtake Saudi Arabia as the top OPEC+ producer
Saudi Arabia's oil production will fall to just 9 million barrels per day, the lowest volume in two…