Saudi Aramco CEO says relationship with Russia to reach new heights

DUBAI (Reuters) - Oil producer Saudi Aramco's Chief Executive Officer Amin Nasser said on Friday that the company's relationship with Russia will grow as the two sides proceed with cooperation projects. "Our ongoing strategic engagements and discussions with partners in Russia are taking our relationship to new heights," he said at

Oil output cuts not discussed at Russian energy ministry meeting – Russneft

Russian oil company Russneft <RNFT.MM> said that oil production cuts were not discussed on Thursday at a meeting of oil majors with the Energy Ministry in Moscow. Russian Energy Minister Alexander Novak is due to attend the joint OPEC-non-OPEC ministerial monitoring committee (JMMC) this weekend which is due to discuss the

U.S. Iran envoy aims to end Iran oil exports without price spike

WASHINGTON (Reuters) - The United States is determined to push Iranian oil exports to zero, U.S. Special Representative Brian Hook said on Wednesday, through a 'calibrated' approach using maximum economic pressure without lifting oil prices. The United States resumed sanctions on Iran's oil, shipping and banking industries on Monday after President

Oil rises to $73 on report of Russia, Saudi output cut talks

Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019. Russia's TASS news agency, citing an unnamed source, reported that the two countries, the biggest producers in an OPEC-led alliance

Japan’s JXTG may take Iranian oil for Dec loading at earliest – executive

JXTG Holdings <5020.T>, Japan's biggest oil refinery operator, is considering whether to resume Iranian oil purchases after Japan was granted a waiver from U.S. sanctions targeting Iran, Senior Vice President Yasushi Onoda said on Wednesday. If it decides to resume purchases after taking into account the economics of Iranian oil against