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Search: OPEC+,Oil,OPEC,Russia (2 materials)

OPEC+ Cuts Production

... further. The fact of the matter is that many parties to the agreement, for their own internal reasons, cannot produce as much oil as they are permitted as per OPEC+ quotas. By the way, since 2021, Russia has been one of those producers. Yet, it was the states actually fulfilling the quotas that announced the reduction in ... ... Cuts, thousand bpd Saudi Arabia 500 Iraq 211 UAE 144 Kuwait 128 Kazakhstan 78 Algeria 48 Oman 40 Gabon 8 Total 1,157 Source: OPEC One important pattern is worthy of note. Previously, OPEC+ generally cut production quotas proportionally for all parties ...

26.04.2023

analytics

Can Russia, Saudi Arabia Strike New OPEC+ Deal with US Help?

... exports to Europe by six times and to India 10 times.” Lukoil Vice President Leonid Fedun observed in an interview with Russian business daily RBK, “There were no real economic reasons for Russia’s participation or nonparticipation in the deal with OPEC. The very idea of abandoning the OPEC+ deal was not discussed by Russian leadership with the top national oil producers, though I know some [Russian] state companies lobbied for this decision.” He added, “But even those who lobbied for Russia’s departure from the deal couldn’t imagine in their worst nightmares that today oil would be traded at $25 ...

03.04.2020

analytics

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In your opinion, what are the US long-term goals for Russia?

U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements	33 (31%)
U.S. wants to deter Russia’s military and political activity	30 (28%)
U.S. wants to dissolve Russia	24 (22%)
U.S. wants to establish alliance relations with Russia under the US conditions to rival China	21 (19%)