MOSCOW/LONDON OPEC and allies including Russia are leaning towards delaying next year's planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said.
MOSCOW Fallout from the pandemic and a weaker rouble sent Russian energy giant Rosneft to a third-quarter net loss of 64 billion roubles ($827 million) from net income of 43 billion roubles in the previous quarter, the company said on Friday.
LONDON The Organization of the Petroleum Exporting Countries and Russia are considering deeper oil output cuts early next year to try to strengthen the oil market, one OPEC source and one source familiar with Russian thinking said on Tuesday.
MOSCOW Higher taxes imposed on Russia's energy sector could make prolonged output curbs by OPEC and allied producers easier to stomach for Moscow's energy majors.
MOSCOW Russia's energy minister said on Tuesday it was too early to discuss the future of global oil production curbs beyond December, less than a week after saying plans to reduce the output restrictions should proceed.
* Russia may support oil output cuts rollover beyond 2020 -
MOSCOW Azerbaijan's ties with Russia, already strained by conflict in Nagorno-Karabakh, face further pressure from the launch later this year of a gas pipeline that is poised to squeeze Moscow's diminished gas sales to Europe and Turkey.