In a statement released in China, Russian Minister of Energy Alexander Novak and his Saudi counterpart, Khalid Al Falih, said they would do “whatever it takes” to help stabilise global oil markets.
“There has been a marked reduction to the inventories, but we’re not where we want to be,” Al Falih said at a briefing in Beijing.
The Saudi-Russian move is expected to go a long way in convincing other <a href=’https://theenergyyear.com/companies-institutions/opec/’>OPEC and non-OPEC members to extend their commitment to the November 2016 deal at the upcoming May 25 gathering.
“The preliminary consultations show that all sides remain committed [to the deal]. I do not see any reasons for any states to quit the deal,” Novak was quoted as saying.
Malaysia’s Sapura Energy has been awarded a five-year contract from Thailand’s PTTEP to conduct Pan Malaysia subsea services for Petronas… Read More
QatarEnergy has struck a USD 6-billion deal with the China State Shipbuilding Corporation (CSSC) to build 18 of the largest… Read More
Chevron has signed a deal with NAMCOR to develop an offshore block in the Walvis Basin, the Namibian NOC was… Read More
Ørsted’s Greater Changhua 1 and 2a offshore wind farms are in operation in Taiwan and their combined 900 MW of… Read More
SkyPower Global has signed a 1-GW power purchase agreement with state-owned Zambia Electricity Supply Corp Read More
The government of Angola has approved Afentra’s acquisition of a 12% non-operating interest in offshore Block 3/05 and a 16%… Read More
This website uses cookies.