OPEC and other producers including Russia are in final talks for an agreement, t...
MOSCOW - OPEC and other producers including Russia are in final talks for an agreement, that may be signed in early July, to cooperate on oil supplies on a long-term basis, Japan’s Nikkei reported, citing Russian energy minister Alexander Novak.
The Organization of the Petroleum Exporting Countries , Russia and other producers have since Jan. 1 implemented a deal to cut output by 1.2 million barrels per day to support prices. But the Nikkei said the group was trying to make OPEC+ a permanent framework under an accord to be signed at the next meeting.
Crude oil prices jumped 4% on Thursday after suspected attacks on two oil tankers in the Gulf of Oman sparked tensions between the United States and Iran and raised concerns over the safety of oil shipments through one of the world’s busiest sea lanes.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OPEC cut to oil demand outlook builds case to keep supply curbsOPEC has cut its forecast for global oil demand growth and warned of potential f...
Read more »
U.S. and Russia train together in the Arctic, where they want to be the top powerArctic cooperation is one of few fields in which the U.S. and Russia have maintained communications, but it's also a major venue for tensions between the top two military powers.
Read more »
What Ivan Golunov’s ordeal reveals about RussiaThe outpouring of support for Ivan Golunov shows the power of online media and a growing mood for protest in Russia
Read more »
Russia wants the U.S. to know that if the Iran deal fails, it's Donald Trump's fault'Using methods of blatant blackmail and intimidation, the U.S. seeks to force other countries to curtail legitimate trade and economic ties with Iran.'
Read more »
Turkey says it has already bought Russian S-400 defense systemsTurkey has already purchased S-400 defense systems from Russia and hopes they wi...
Read more »
Donald Trump refuses to criticize Russia during joint press conference with Poland's leaderPoland wants U.S. support to protect itself from Russia.
Read more »