Tag Archives: Russia increase oil output

REUTERS, APRIL 4, 2020 DUBAI/MOSCOW (Reuters) – OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified. The delay came amid pressure from U.S. President Donald Trump for the Organization of …

BLOOMBERG, March 10, 2020 🛢Riyadh prepares to flood the market with record crude supply 🛢Russia responds with signal that it can boost output to new high too By Matthew Martin, Javier Blas, and Grant Smith for BLOOMBERG Saudi Arabia escalated its oil price war with Russia on Tuesday, as its state-owned company pledged to supply a record 12.3 million barrels a day next …