OPEC is not the enemy of the U.S., UAE minister says

Kazakhstan's Energy Minister Nurlan Nogayev said on Thursday that OPEC and non-OPEC oil exporters have not yet reached consensus on the parameters of an extension on their oil output deal, the TASS news agency reported......»»

Russia is fiscally prepared to cope with a drop in oil prices, Finance Minister Anton Siluanov said on Thursday, as OPEC tries to convince Moscow to support the market with a deeper output cut in the wake of the coronavirus outbreak......»»

Russia is prepared for a possible drop in oil prices should OPEC and its allies fail to reach an agreement over cutting supply at meetings in Vienna this week, Finance Minister Anton Siluanov said on Thursday......»»

The Iranian oil minister confirmed on Thursday that OPEC ministers had agreed an extra 1.5 million barrel per day (bpd) cut in oil production and that Iran was still exempt from the reduction......»»

OPEC and its allies will consider making substantial oil production cuts to lift prices that have been battered by the coronavirus outbreak, Algeria's oil minister said on Tuesday, as ministers began arriving for talks in Vienna this week......»»

Algeria energy minister and OPEC president said on Tuesday OPEC+ countries will discuss new "substantial" oil production cuts at their meetings in Vienna this week, Algerian state news agency APS reported......»»

Kuwait's oil minister said on Tuesday he is optimistic about the outcome of OPEC meetings this week and continued cooperation among OPEC+ countries, Kuwait state news agency KUNA reported......»»

OPEC hasn’t decided yet to extend or modify its agreement to cut oil output, Saudi Arabia’s energy minister said, as the group grapples with the threat to crude demand from an intensifying spread of the coronavirus......»»

OPEC hasn’t decided yet to extend or modify its agreement to cut oil output, Saudi Arabia’s energy minister said, as the group grapples with the threat to crude demand from an intensifying spread of the coronavirus......»»

-Reuters 0.....»»

Algeria"s Energy Minister Says OPEC Committee Urges Output Cut Over Coronavirus on Saturday.....»»

Oil prices rose on Tuesday in thin pre-Christmas trading after Russia's energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories......»»

Oil prices edged higher on Tuesday after Russia's energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories......»»

Russia expects a constructive meeting with OPEC producers this week, its energy minister said on Tuesday, as OPEC leader Saudi Arabia presses members and allies such as Russia to deepen output cuts to avoid a new glut next year......»»

Japan must manage, not eliminate plastic, says Prime Minister Shinzo Abe, who presides over the world’s third-largest exporter of plastic waste......»»

There will be no urgent OPEC meeting, the‮ ‬Saudi energy minister Prince Abdulaziz bin Salman said, Al Arabiya television reported on Tuesday after the weekend attacks on its facilities......»»

Saudi Arabia isn’t a nuclear power yet, but it wants to become one. Energy Minister Prince Abdulaziz bin Salman told an OPEC meeting in Abu... The post Saudi Arabia Wants To Develop Nuclear Power By Enriching Uranium appeared first on ValueWalk......»»

US West Texas crude prices rose to a six-week high Monday following the news from OPEC......»»

US West Texas crude prices rose to a six-week high Monday following the news from OPEC......»»

Saudi.....»»