Russia’s Oil Production Cuts To Take Months To Implement

Credit: Published on December 8, 2018
After Russia agreed on Friday to cut its oil production as part of the non-OPEC group tasked with cutting 400,000 bpd of oil production, Energy Minister Alexander Novak said it would take Russia “months” to get down to its requested level. While there were no specific figures or targets released to the public for each...

Credit: Wochit News
Published on December 5, 2018 -  00:44
Saudi Energy Minister Meets U.S. Iran Envoy In Vienna Ahead of OPEC
According to Reuters, Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday. Hook met with Falih a day ahead of an OPEC meeting in Vienna which is due to debate oil production cuts. U.S. President Donald Trump has urged Saudi Arabia to refrain from output cuts in order to keep oil prices low. He said higher oil supplies were a payback from Riyadh for U.S. support for Saudi Arabia against arch-rival Iran.

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