Oil output could return to October 2016 level, says Russia"s Novak

ReutersOil output could return to October 2016 level, says Russia's NovakReutersMOSCOW (Reuters) .....»»

MOSCOW (Reuters) - A return to the oil production levels that were in place prior to the 2016 deal to cut output is one of the options for easing curbs, Russia's energy minister said......»»

ReutersRussia's Novak: return to October'16 oil output levels possibleReutersMOSCOW (Reuters) - Russia.....»»

Russia cut its oil output in June by an average of 278,000 barrels per day from levels seen last October, Interfax news agency cited Russian Energy Minister Alexander Novak as saying on Monday......»»

If OPEC and its allies led by Russia agree to reduce oil output next year by reverting to 2016 production quotas, it would imply an OPEC-only supply curb of at least 1.2 million barrels per day (bpd), according to Reuters calculations......»»

Toyota Motor Corp plans to slash production in North America by nearly a third through October due to the coronavirus crisis and expects it will take some time for output to return to normal, a person familiar with the matter said......»»

Russian Energy Minister Alexander Novak said on Friday that the United States has legal restrictions on oil output cuts, but the country should be flexible with them, RIA news agency reported......»»

Russian Energy Minister Alexander Novak said on Thursday that Moscow may return to oil talks with Saudi Arabia......»»

Oil futures fell sharply on Friday, with prices on track to settle at their lowest level since 20.....»»

Oil prices fell to their lowest level since December 2018 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts......»»

The 30-year fixed-rate average sank to its lowest level since October 2016 and is down nearly a full percentage point since last year......»»

Stringer/Reuters China's factory output in October fell to its lowest level since February, according to official data, as the trade war continues to hit Chinese output.  A lack of new export orders led the malaise, pointing to .....»»

Stringer/Reuters China's factory output in October fell to its lowest level since February, according to official data, as the trade war continues to hit Chinese output.  A lack of new export orders led the malaise, pointing to .....»»

Oil futures moved sharply lower on Friday after reports that Russian Energy Minister Alexander Novak said Russia's oil output cuts in August will be slightly smaller those agreed to under the deal between OPEC and non-OPEC produc.....»»

Russian Energy Minister Alexander Novak said on Monday that all OPEC and non-OPEC countries favored extending their global oil output deal by nine months under the same terms agreed in December......»»

The metal's price jumped markedly after President Trump warned Russia to "get ready" for a missile strike in Syria. Investors have .....»»

A gauge tracking Shanghai shares has taken quite a beating in the past six days, closing Wednesday at its lowest level since October 2016.....»»

Thomson Reuters Russia's only aircraft carrier, the Admiral Kuznetsov, is one of the five worst carriers in the world, according to The National Interest. In October 2016, the Kuznet.....»»

SINGAPORE (Reuters) - Oil prices fell on Monday, dragged down as U.S. oil drilling activity rose to its highest level since March, 2015, while increasing output in Russia also weighed on the market......»»

Wikimedia Commons The US trade deficit fell 6.6% to $43.1 billion in May. That was the lowest level since October 2016. (AP) — The U.S. trade deficit dropped in May to the lowest level in 19 months as U.S. export.....»»