TASS Nachrichten

 

Degolyer & Macnaughton company will assess the maximum oil production capacities of 19 OPEC+ states, a source in one of the delegations said...

Nikita Kuklin emphasized that realizing this potential will require significant efforts from both sides to solidify current agreements as a basis for long-term cooperation...

According to Olzhas Baidildinov, the UAE was dissatisfied with having to restrain oil production growth as part of OPEC and OPEC+ while other countries outside the agreements were increasing output...

According to Alexander Novak, the oil industry is still in a profound crisis caused by a supply shortage due to the conflict in the Middle East...

Kirill Dmitriev said the next blow is expected in two weeks...

The official emphasized that the profound crisis in the industry continued...

Incab plant intends to produce more than 2,400 km of cable a year, which accounts for almost 50% of the Russian market in this area...

According to the official, demand significantly exceeds supply...

The yuan gained 4.2 kopecks and reached 10.9535 rubles...

"As the largest oil-producing country, we have no plans to leave this cooperation because we believe it effectively mitigates oil market risks during a crisis," the official stated...

The Emirati state news agency WAM reported on April 28 that the country had decided to withdraw from OPEC and OPEC+ effective May 1 of this year...

This was mostly due to severe disruptions at major Gulf hubs due to war in the Middle East...

According to the portal, once production quotas are lifted, the United Arab Emirates could increase output by more than 40%, which will intensify competition in markets supplied by higher-cost producers, including countries in sub-Saharan Africa...

"The whole range of large-scale initiatives in the economy, as the presidents noted, has already been discussed specifically between representatives of our nations," Yury Ushakov added...

"The influx of UAE crude is anticipated to drive the oil price down and challenge Saudi Arabia's dominance in the global oil market," Hung Wing Lok said...

Miguel Jaimes argued that the US is actively seeking to undermine the cohesion of OPEC+, a coalition led by Russia and Saudi Arabia, by applying pressure on member countries - including Russia - over the Ukraine conflict...

The MOEX Index fell 2.1% to 2,639.82 points, while the dollar-denominated RTS Index dropped 2.35% to 1,110.57 points...

Nenad Popovic called energy an important element of cooperation with Russia...

Imports of fish and seafood from China by Russia moved up in January - March 2026 by 20% in weigh...

According to Robert Agee, American businesses are counting on anti-Russian sanctions being lifted...