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Russia says it has ‘significant potential’ to hike oil production after Iran sanctions

  • Russia could restore production to "October 2016 levels," Energy Minister Alexander Novak said.
  • In response to Trump's criticisms of OPEC, Novak said the aim of the group was oil market stability.
  • OPEC says the oil industry needs to invest $11 trillion over the next 20 years to satisfy global crude demand.

OTHER NEWS

Giá dầu có thể giảm xuống 30 USD/thùng nếu OPEC không đạt đồng thuận

5/05/2017, 8:36 AM

Giá dầu thô tiếp tục lao dốc do sản lượng ở Libya tăng mạnh và triển vọng OPEC gia hạn thỏa thuận cắt giảm nguồn cung vẫn còn xa vời. http://vietstock.vn/2017/05/dau-lao-doc-gan-15-chi-trong-vong-3-tuan-34-535202.htm Dầu lao dốc gần 15% chỉ trong vòng 3 tuần

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As the world’s top oil producing nations meet, here are 5 issues on everyone’s mind

6/12/2018, 3:32 AM

The Organization of the Petroleum Exporting Countries has to ask for cuts in output, which won’t be easy as some members want – or need – to keep output up. If OPEC cuts production as expected, it will face an angry American president. It gets even more complicated because the Saudis are working hard to […]

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