“Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as
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SCW NEWSWATCH & VIDEO: “Saudis and Russia Open the Oil Taps While the Market Shrugs” – Bloomberg/ Elena Mazneva/ Annmarie Hordern/ Dina Khrennikova/ Grant Smith/ Jack Farchy
“Russia and Saudi Arabia are pumping an extra 1 million barrels a day of oil and could do even more. Yet the market [has had
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NEWSLINK: “Russia’s Oil Cuts Won’t Be So Easy If OPEC Deal Is Extended; Rosneft and Lukoil plan higher spending and more drilling” – Bloomberg
“For #Russian #oil companies, the historic agreement to boost prices by cutting output in conjunction with [#OPEC] was an easy win. Extending the deal will
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NEWSWATCH: “Judge puts hold on plan to open California lands to fracking” – AP/U.S. News & World Report
A federal judge … tentatively rejected a plan by the federal Bureau of Land Management to open more than 1,500 square miles of lands in
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NEWSWATCH: “Can Oil Rally After Russia-Saudi Pact? Cooperation reflects the squeeze on revenues and suggests that the demise of OPEC is exaggerated.” – Barron’s
Monday’s announcement of a joint Russia-Saudi Arabian working group to explore avenues for stabilizing the oil market—while short on details and immaterial for actual supply
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IMF: Russia still facing risk from low oil prices Country remains in recession for 2016, but returns to slow growth by next year.
Russia’s economy returns to modest growth next year, but faces medium-term risks from volatility in crude oil prices, the International Monetary Fund said. An IMF
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