US EditionRussia Eyes Joint Effort to Steady Shaky Oil Prices
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9 Articles
Russia, the United States and Saudi Arabia could act together to stabilize oil markets, if necessary, by declaring to Reuters the head of the Russian investment fund, Kiril Dmitriev.
Russia Eyes Joint Effort to Steady Shaky Oil Prices
Russia believes that Moscow, its OPEC+ ally Saudi Arabia, and the United States could work together to stabilize the oil market if necessary, the head of Russia’s sovereign wealth fund told Reuters on Thursday. “There was an example when (Russian) President Putin, (U.S.) President Trump and (Saudi) Crown Prince Mohammed bin Salman played a key role in stabilising markets,” Dmitriev, chief executive of the Russian Direct Investment Fund, told Reu…
US, Chinese Strategic Reserve Buys May Offset Oil Surplus, Russia’s Gazprom Neft Says - Energy News, Top Headlines, Commentaries, Features & Events
U.S. and Chinese purchases for strategic oil reserves are expected to offset any potential global surplus, keeping oil prices in check, the head of the Russian oil producer Gazprom Neft said on Friday. The eight members of OPEC+, which groups OPEC and other producers led by Russia, are unwinding voluntary production cuts and have agreed ...
Russia eyes joint effort to steady shaky oil prices – Oil & Gas 360
(Oil Price) – Russia believes that Moscow, its OPEC+ ally Saudi Arabia, and the United States could work together to stabilize the oil market if necessary, the head of Russia’s sovereign wealth fund told Reuters on Thursday. “There was an example when (Russian) President Putin, (U.S.) President Trump and (Saudi) Crown Prince Mohammed bin Salman played a key role in stabilising markets,” Dmitriev, chief executive of the Russian Direct Investment F
Kirill Dmitriev, head of the Russian sovereign fund, recalled the joint action between the three countries in 2020 to stabilize prices at the beginning of the covid-19 pandemic
Russia Eyes Joint Effort with OPEC+ and United States to Stabilize Shaky Oil Prices
The global oil market is once again navigating turbulent waters, with prices fluctuating due to geopolitical tensions, economic uncertainties, and shifting production strategies. In a recent statement, Russia has signaled its willingness to collaborate with OPEC+ and the United States to stabilize oil prices, drawing on a precedent from 2020 when coordinated efforts helped avert a market collapse. This article examines Russia’s proposal, analyze…
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