Sunday, March 16, 2025

Alexander Novak

June 5, 2023

Russia to extend voluntary oil production cut until end of 2024

This decision by OPEC+ to extend the current cuts by several countries is expected to make the market more predictable for the next 18 months.

OPEC
December 5, 2022

Russia rejects G7’s $60 oil price cap

Russia has rejected the price cap of $60 per barrel imposed on its oil sales by the United States-led G7 countries, Australia and the European Union.

Oil rig
October 6, 2021

OPEC+ decides against production increase, oil reaches three-year highs

On Tuesday, Brent crude oil futures stuck near three-year highs, with U.S. benchmark crude close to 2014 peaks.

Oil rig