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Russia Outpaced Saudi Arabia in Oil Production this April

Russia outpaced Saudi Arabia in oil production volumes

Russia Again World’s Leading Oil Producer

Russia’s oil production surpassed Saudi Arabia’s in December 2016, although both countries’ overall output fell during that period

OPEC President: Russia Agreed To Cut Oil Output

Russia has agreed to cut its oil output by 300,000 barrels per day, a decision from which Citi analysts say the country may significantly benefit

Bloomberg: Russia $6 Billion Richer Thanks to OPEC Talks

Russia’s decision to enter into negotiations with OPEC to limit oil production has added 400 billion roubles ($6 billion) to the country’s budget, Bloomberg reported

Russia’s Role in Resolving Energy Challenges ‘Crucial’ – OPEC Secretary General

OPEC Secretary General Mohammed Barkindo emphasised that Russia plays an important role in addressing the challenges faced by the global energy sector

Russia to Join the Oil Production Freeze, Putin Says

The decision to freeze or cut oil production is crucial for maintaining stability on the oil market