Page 37 - Russia Oil Production

Oil plunges 25%, hit by erupting Saudi Arabia-Russia oil price war

A nearly 25% slump in oil prices triggered panic-selling and heavy losses on Wall Street's main stock indexes as the rapid spread of coronavirus amplified fears of a global recession

BPCL stake sale may get delayed over falling oil prices, market crash

As confidence on equities declines, large oil producers may hesitate to loosen their purse strings, thereby impacting valuations too

'Crazy' Saudi oil price cuts seen reigniting market share war with Russia

Deal between Russia and OPEC shook on Friday when OPEC, led by Saudi Arabia, failed to reach agreement with the world's No. 2 oil producer Russia to deepen production cuts aimed at shoring up prices.

Russian oil output breaches OPEC target again ahead of Vienna talks

Russia currently has about 500,000 barrels a day of spare production capacity, according to Gazprom Neft PJSC, the country's third-largest producer

Russia's oil exports to Europe dips as fuel quality on offer deteriorate

Russia increased oil pipeline exports to China by almost 50 per cent in January-April from a year earlier to 12.4 million tonnes

Russian oil production cutting drive stalled in February

The country's oil and gas condensate output remained at 11.11 million bpd last month