Vladimir Putin knows America’s fragile oil industry is built on a mountain of debt. So when Saudi Arabia called for production cuts to mitigate oversupply, Putin decided to pounce.

Putin: oil demand is rising OPEC+ has sped up oil output increase MOSCOW, June 27 (Reuters) - Russian President Vladimir ...

OPEC was founded in 1960 by Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela and expanded to 13 members. In 2016, OPEC signed an agreement with 10 other oil producers, including Russia, to create ...

At its conclusion, OPEC announced that together with 10 Russian-led non-OPEC producers, their ongoing output cuts of 1.2 million barrels per day (bpd) would be rolled over for another nine months ...

By Ben Aris in Berlin Russian President Vladimir Putin has lost his luck with oil prices and the budget deficit has widened ...

For Putin, OPEC and Trump, 2021 Was a Good Year. Share. Resize. Listen (3 min) Advertisement. This copy is for your personal, non-commercial use only. ... • Vladimir Putin. Since taking power in ...

Putin makes rare trip outside Russia for OPEC talks with Saudi Arabia Russian President Vladimir Putin has not visited the region since July 2022 and is looking to shore up support from the major ...

Russian President Vladimir Putin will support international efforts by the Organization of Petroleum Exporting Countries to limit oil production, he said at an energy conference in Istanbul on ...

Russian President Vladimir Putin said on Friday that oil prices had not risen significantly due to the conflict between Iran and Israel, and that there was no need for the OPEC+ group of oil ...

Item 1 of 8 Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman walk during a meeting in Riyadh, Saudi Arabia December 6, 2023. Sputnik/Aleksey Nikolskyi/Kremlin via ...

OPEC's move seems to put Saudi Arabia in Vladimir Putin's camp, "a major change for a kingdom that has been a solid member of the U.S. camp since the 1940s," Jim Krane writes at Barron's.

MOSCOW (Reuters) -Russian President Vladimir Putin said on Wednesday that OPEC+ coordination would continue in order to ensure predictability on the oil market and signalled strongly that a deal ...