Stay updated with breaking news from Repi Opec. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JLIVCPPK4ROZRFMSDKAREUTH6Y.jpg)
Russian President Vladimir Putin discussed the OPEC+ deal to cap oil production with the Crown Prince of Saudi Arabia, Mohammed bin Salman, in a telephone call on Friday, the Kremlin said.
There is an increasing disconnect between the forecasts for strong global oil demand growth this year, led by Asia, and the reality of weakening margins for refined fuels.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/PPN3MPCTYJMUNIUOX6HUW3BE5E.jpg)
The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by some countries for a lower price cap to restrict Moscow's revenues.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SUNXMEPVYZJ2BC6FPT5LO65ZPM.jpg)
Senior aides to U.S. President Joe Biden on Friday hailed progress toward resolving conflict in Yemen after "constructive" talks in Saudi Arabia with Crown Prince Mohammed Bin Salman.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/IQLF67UIAVP5REYFMBWZF3LAJA.jpg)
Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and global economic recovery, the International Energy Agency (IEA) said on Friday.