RIYADH | SAUDI ARABIA – Saudi Arabia called on Thursday for an emergency meeting of OPEC+ and non-OPEC oil producers as it aims to reach a fair oil agreement to stabilize the oil market, state news agency SPA reported.
Oil Refinery, Chemical & Petrochemical plant abstract at night. BUCHAREST | ROMANIA – Russia has no plans to increase its oil output as the market has been oversupplied, Russian Energy Minister Alexander Novak told Reuters on Thursday. International crude price have fallen around 50% to under $26 a barrel since the Organization of the Petroleum … Continue reading BUSINESS | Russia Has No Plans To Raise Oil Production: Novak
Oil Refinery, Chemical & Petrochemical plant abstract at night. Oman welcomes a U.S. invitation to OPEC members to discuss ways of halting a collapse in oil prices, the country’s oil minister said, according to the Omani al – Watan newspaper on Thursday. RIYADH | SAUDI ARABIA - Oman is not in the Organization of the … Continue reading BUSINESS | Oman Welcomes U.S. Invitation To OPEC To Discuss Oil Price Decline: Newspaper
BUCHAREST | ROMANIA – Russia and Saudi Arabia are not holding talks regarding the oil market at the moment and Russian President Vladimir Putin has no immediate plans to have a phone call with Saudi leadership, Kremlin spokesman Dmitry Peskov said on Wednesday. Such talks could be set up quickly if necessary, Peskov added.
RIYADH | SAUDI ARABIA - U.S. President Donald Trump said on Tuesday he would join Saudi Arabia and Russia, if need be, for talks about the sharp fall in oil prices resulting from a price war between the two countries. 'The two countries are discussing it and I am joining at the appropriate time if … Continue reading BREAKING NEWS | Trump Says He May Join Saudi, Russia In Talks On Oil Prices
BUCHAREST | ROMANIA – Germany’s Adidas on Tuesday said it will suspend a 1 billion euros share buyback it had planned for this year as a way to conserve cash after closing its retail outlets in Europe and North America. ‘Considering the high level of economic uncertainty caused by the dynamic developments related to the … Continue reading BUSINESS | Adidas Stops 1 Billion Euros Share Buyback
RIYADH | SAUDI ARABIA – Saudi Aramco has asked key energy service companies to support its plans to lift oil production to its maximum capacity of 12 million barrels per day from April ‘for the foreseeable future’, a Saudi oil industry source told Reuters on Tuesday. The state oil giant has also told the service … Continue reading BUSINESS | Saudi Aramco Asks Service Firms To Support Oil Output Hike: Source