Russia ready to cut oil output by 300,000 bpd in H1, as agreed with OPEC
Wednesday, 30 November 2016 MOSCOW (Reuters) - Russia is ready to "gradually" cut its oil production by up to 300,000 barrels per day in the first half of 2017 as a part of its agreement with OPEC, Russian Energy Minister
Oil prices rose to three-week highs on Monday amid expectations that OPEC is moving close to a deal to cut output when it meets next week.
Brent crude went up to 47.94 a barrel, its highest since the start of the month, a five-percent rally no doubt also fuelled by comments from the Russian...
Even as the OPEC and non-OPEC producers agreed to extend until March 2018 their ongoing oil output cuts, India has reached an understanding with the global oil... Zee News - BusinessAlso reported by •DNA •Reuters India
Algeria's energy minister said on Wednesday he expects OPEC to extend oil output cuts by nine months, helping to ease a global glut of crude by the end of 2017... DNA - MoneyAlso reported by •Reuters India