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RSS FeedsOPEC, Russia Mull Easing Supply Limits to Rebalance Oil Market
(World News Russia)

 
 

26 may 2018 08:50:22

 
OPEC, Russia Mull Easing Supply Limits to Rebalance Oil Market
(World News Russia)
 


Curbs pushed crude prices to their highest since 2014 NNPC seeks quick execution of capital tasks Chineme Okafor in Abuja with agency report Member countries of the Organisation of Petroleum Exporting Countries (OPEC) and their major ally, the Russian Federation are considering relaxing the 2017 limits they imposed on their oil production levels to rebalance the oil market, and increase their output in the market to about 1 million barrels per day (bpd). Reuters reported yesterday that Saudi Arabia, Russia and their counterpart from the United Arab Emirates met in the Russian city of St. Petersburg to review the terms...


 
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