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*Leonid Fedun admits that the deal with OPEC had negative aspectsct Lukoil has hailed the results of the oil production cuts deal between OPEC+ and a number of other nations, the company’s vice -president and co-owner, Leonid Fedun,…
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•Expects $15 per barrel price rebound, cuts output to 1.4mbd Nigeria says it expects to gain about $2.8 billion from its sale of crude oil in the coming months if the weakened prices of the commodity gain an additional $15 per barrel…
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The Group of 20 plans to create an ad hoc group to ensure that steps to stabilize oil markets expected to be agreed on Thursday and Friday are implemented, according to a draft of the communique circulated to member countries. The body…
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The African Petroleum Producers' Organization (APPO) has followed with keen interest, the Meeting of the OPEC+ or Declaration of Cooperation Partners which held on Thursday, 9th April, 2020 and the Meeting of the G20 Energy Ministers which…
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The G-20 energy ministers have failed to agree on a cut in oil production, a statement released after long negotiations on Saturday said no cuts. Talks dragged on Friday to try to reach an agreement on a massive drop in oil production,…
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For the oil producing countries in OPEC and also OPEC+, a high price for crude is absolutely essential in order to keep their economies buoyant in this time of coronavirus crisis. Finally it looks as if two of the largest producers…
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Energy Ministers of G-20 have arrived at a decision to rebalance global oil markets hit hard by the coronavirus pandemic. Energy Ministers of G-20 have arrived at a decision to rebalance global oil markets hit hard by the…
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*The death toll in Italy is over 15k, and the President was seen crying in a video saying all plans to contain the virus have been exhausted, all that is left for them is up in the air sky …
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Mexico's refusal to reduce its oil production in line with the massive 10 million barrel per day cuts proposed by the OPEC-plus producer group has left the historic deal in limbo. Energy Intelligence sources confirmed that Mexico…
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Latin American nation had blocked Thursday’s agreementOPEC delegates say they’re unaware of terms of Amlo-Trump pact Andres Manuel Lopez Obrador Source: GDA via AP Images Mexico said it has reached an oil-production cuts agreement…
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