Russia

Oil industry analysts at IHS Markit forecast the global over-production of crude will amount to 14 million barrels a day in the second quarter. About that much again is expected to go into storage.
Paul Ausick
American Deaths Surge Toward 80,000 According to the Bing COVID-19 Tracker, the number of global cases has reached 3,845,607. Active cases hit 2,293,113, which is 52,751 higher than yesterday....
24/7
An agreement among the Saudis, the Russians, and the Americans over the weekend will lead to lower crude production beginning next month and, producers hope, higher prices.
Paul Ausick
A video teleconference Thursday morning is expected to cut up to 10 million barrels from global crude oil production. Will that be enough to push crude prices higher?
Paul Ausick
The members of OPEC along with Russia and others are expected to meet Monday to discuss reducing crude production by up to 10 million barrels a day. The United States may not be present in person but...
Paul Ausick
Crude oil storage tanks around the world are filling up and rising production combined with lower pricing from Saudi Arabia is on track to oust the U.S. as the world's top crude producer.
Paul Ausick
The teleconference meeting of the G20 ended Thursday without even a word about the collapse of the crude oil market. Now the market itself may have to do the heavy lifting and both the Saudis and the...
Paul Ausick
The oil and gas industry got nothing in the $2.2 trillion relief package approved late Wednesday by the Senate. Here's what that could mean.
Paul Ausick
Oil field regulators in Texas want the president to intervene in the Russian-Saudi price war in order to reverse the massive price drop in crude. Trump has indicated that he's thinking about it, but...
Paul Ausick
Crude oil prices have dropped to near two-decade lows as the Saudis affirm their production increase and the coronavirus slices into demand.
Paul Ausick
As Russia and Saudi Arabia ramp up crude production, U.S. shale producers face dangerous days ahead and pressure is building elsewhere as well.
Paul Ausick
The president is due to announce steps the administration plans to take to head off a recession due to the twin threats of collapsing oil prices and an outbreak of coronavirus. Here's what to look...
Paul Ausick
The International Energy Agency has forecast that demand for oil in 2020 will be lower than demand in 2019. That hasn't happened since the financial crisis of 2009.
Paul Ausick
OPEC and its non-OPEC members (OPEC+) have failed to agree on further cuts to oil production as a response to the slowdown in the global economy due to the coronavirus outbreak. Russia now looks like...
Paul Ausick
Russia continues to resist moving up a March meeting of OPEC+ oil ministers to deal with the falling demand for crude caused by the coronavirus outbreak. There are several reasons for that.
Paul Ausick