Peskov: OPEC+ decision aims market stabilization - Breaking The News

Peskov: OPEC+ decision aims market stabilization

6 October

1 min read

EPA-EFE/SHAMIL ZHUMATOV

Russian presidential spokesperson Dmitry Peskov (pictured) stated Thursday that the latest Organization of the Petroleum Exporting Countries and its allies (OPEC+) decision to cut oil output by 2 million barrels per day aims to stabilize the markets.

OPEC+ has shown its willingness to be a responsible organization that takes care of the markets, suggested the Kremlin spokesperson.

The decision was announced yesterday, sparking criticism from the White House, which even described the development as a sign the organization has aligned with Russia's interests.

oil peskov opec+energy crisis

Oil gains 1% on ongoing geopolitical uncertainty

6 hours ago

The prices of oil futures increased on Thursday as the conflicts in the Middle East and Ukraine continued without an apparent solution in sight.West Texas Intermediate (WTI) for June's settlements rose by 1.30% at 7:08 am ET to sell for $63.09 per barrel. Simultaneously, Brent for the same month's deliveries grew by 1.10% to go for $66.85 per barrel.

Peskov: Russia has no territorial claims to Baltic countries

23 April

Kremlin spokesperson Dmitry Peskov told French magazine Le Point on Wednesday that Russia has no territorial claims to the Baltic countries."Russia has no problems or territorial claims to the Baltic states, even though Russians live there and their interests and the practice of the Russian language are constantly violated, something Brussels does not pay the slightest attention to," Peskov said in the interview, adding that his country also does not have "the slightest...

Kremlin: Putin, Trump agree that refusing dialogue 'absurd'

23 April

Russian President Vladimir Putin and US President Donald Trump share the view that avoiding diplomatic dialogue makes no sense, according to Russian presidential spokesperson Dmitry Peskov's statements to Le Point magazine of France."In some areas their positions are close, but this does not mean that they agree on everything. Each of them defends, first and foremost, the interests of their country. What unites them is that they both understand the...

EIA: US crude inventories up by 0.2 million barrels

23 April

Commercial crude oil inventories in the United States, not taking into account those in the Strategic Petroleum Reserve, were up by 0.2 million barrels to 443.1 million barrels in the week ending April 18, the Energy Information Administration (EIA) revealed in its report on Wednesday.The country's inventories now stand about 5% below the five-year average for this time of year. US crude oil refinery inputs averaged 15.9 million barrels per day for the...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.