Saudis jolt ANS upward - January 10, 2021 petroleumnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petroleumnews.com Daily Mail and Mail on Sunday newspapers.
In February – March, Russia will increase oil production under the OPEC+ deal by a total of 130,000 barrels per day (bpd) compared to January’s figures of 65,000 bpd, Deputy Prime Minister Alexander Novak said in an interview with Rossiya 24 TV channel. “Russia will increase production in February by 65,000 barrels and in March .
Will 2021 be the year of crude oil? economiccollapsenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economiccollapsenews.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia surprised the market with a large cut in crude production, an assertion of primacy over the global oil industry that came directly from the kingdom’s de-facto ruler.
Saudi Arabia cements its role as leader of the global oil and gas market By Javier Blas, Grant Smith and Salma El Wardany on 1/6/2021
(Bloomberg) Saudi Arabia surprised the market with a large cut in crude production, an assertion of primacy over the global oil industry that came directly from the kingdomâs de-facto ruler.
The move papered over cracks in the OPEC+ coalition and was a U-turn from some recent Saudi oil-policy priorities, but those things paled in comparison next to the global impact of the decision. Crude prices jumped to a 10-month high and shares of energy giants in London and shale drillers in Texas surged.