Home / Tag Archives: Organization of Petroleum Exporting Counties

Tag Archives: Organization of Petroleum Exporting Counties

Russia says oil output could decline if prices stay low

MOSCOW, Sept 1 – Russia will not deliberately cut oil production to prop up prices, however its output may decline if prices remain low, local news agencies quoted Deputy Prime Minister Arkady Dvorkovich as saying on Tuesday. He also said that Russia was ready to discuss measures aimed at oil price stabilization with the Organization of the Petroleum Exporting Countries ...

Read More »

Saudi Arabia expects oil price to stabilize

stock market

BERLIN – Saudi Arabia’s oil minister said on Wednesday he expected oil prices, which hit a near six-year low in January, to stabilize, signaling cautious optimistism about the market outlook. Giving a speech in the German capital, Ali al-Naimi also urged non-OPEC producers to help balance the oil market, saying it was not up to Saudi Arabia to subsidize higher-cost ...

Read More »