Tag: Oil and gas

OPEC members+ have agreed on a deal to reduce oil production. Its volume will be 10 million barrels per day. Another 5 million barrels per day promise to reduce the production of countries not participating in the agreement

OPEC members+ have agreed a new deal to reduce oil production, which will run until may 1, 2022, said Minister of energy of Russia Alexander Novak. For the first two months of production will reduce by 10 million barrels per day

Today held the first meeting of OPEC countries+ by reduction of oil production since the failure of the last transaction. Depending on the outcome, the ruble may have to wait several scenarios, from a steady strengthening to a significant weakening

The call on OPEC+ postponed to April 9 due to technical reasons, said the press Secretary of the President Dmitry Peskov. "Training is conducted", - said the representative of the Kremlin

Russia is ready to join efforts with other countries to cut oil production about 10 million barrels a day, said Vladimir Putin. "Of course, all of this should occur in a partner," the President added

In 2019 for geological exploration in Russia has been allocated 25.5 billion roubles, and in 2020 - 29.2 billion, the best growth stocks of the resource base, according to experts, it is necessary to increase state financing of geological exploration at least twice

The situation in the oil market can be associated with attempts of Saudi Arabia "to get rid of competitors that produce "shale oil". But such goals never set, said President Vladimir Putin. In his opinion, all parties are interested in joint concerted action

To restore stability in the industry need to make a decision on coordinated action to reduce oil production. This was stated by Minister of energy Alexander Novak, noting that April 6 will be held online-meeting OPEC Ministers+

Volumes of export of Russian oil is not threatened, this is confirmed by statistical data, said the head of the national energy security Fund Konstantin Simonov. However, he noted that setting such low prices for a long period would be extremely undesirable for Russia