Russia is fully complying with its oil production quota under the OPEC+ output deal in January and February, Russian Deputy Prime Minister Alexander Novak said on Wednesday. Moscow classified oil ...

US President Trump has vowed to ask OPEC to ramp up production ... for which he needs higher—not lower—oil prices and continued partnership with Russia. Then there is the domestic problem ...

OPEC Heavyweights Boost Oil Prices as Sanctions Hit Russian Flow Nations look to make most of Russia and Iran disruption risks Saudi, Iraq have raised prices for their main market for March ...

MOSCOW: Russia was in full compliance with the OPEC+ deal to restrain oil production in January and plans to do so this month, Deputy Prime Minister Alexander Novak told reporters on Wednesday.

Saudi Arabia had its own big increase last week while prices in the United Arab Emirates rose to the highest since September. Russia is facing an impending oil tanker shortage and Iran is under ...

OPEC+, which groups OPEC and allies such as Russia, has implemented a series of output cuts since late 2022 to support the market. Its current plan calls for oil output to be gradually increased ...

Opec’s meeting on 3 February came after Trump asked the alliance to lower crude prices, claiming cheaper oil could help end the war between Russia and Ukraine. At the World Economic Forum in Davos, ...

Oil prices retain strength despite OPEC cutting demand forecasts By ... This move higher came as Russia announced that it would cut oil supply by 500Mbbls/d from March as a response to ...

OPEC+ didn’t make any changes to its existing oil-production plans ... on the group to lower crude prices A panel of key members led by Saudi Arabia and Russia maintained plans to keep a lid ...

Such a move would reduce crude supply, boosting oil prices and creating the need for ... OPEC+, which includes OPEC, Russia and their allies, has deepened cuts, reducing production by almost ...