G7 shelves Russian oil cap reviews as prices soar ahead of supply cuts
The G7 countries along with the European Union and Australia imposed the price cap mechanism on Russian oil in December 2022, followed by a cap on fuel from February 2023...
Tag : Russia oil
Moscow plans to reveal new parameters, extends oil export reduction
Russia has been reducing output and exports in concert with Saudi Arabia in addition to current OPEC+ limits...
Global oil prices plunge as Saudi-Russia negotiations collapse
Saudi Arabia decides to cut prices by nearly 10%...
Lukoil: Russia’s oil production to reach 12 bpd by 2035
Currently, Russia pumps around 11.2 million bpd of oil and condensate...