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Friday, 23 March 2018

OPEC, Russia should cut oil into 2020 if U.S. output booms: Lukoil

OPEC, Russia should cut oil into 2020 if U.S. output booms: Lukoil:

"Lukoil vice-president Leonid Fedun said on Friday he believes OPEC and Russia should extend oil cuts into 2020 if U.S. oil output keeps booming.

Fedun said Russia’s second biggest oil producer should support Saudi Arabia’s idea of extending oil cuts into 2019. "



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Saudi Arabia has options if U.S. walks from nuclear power deal -minister | ZAWYA MENA Edition

Saudi Arabia has options if U.S. walks from nuclear power deal -minister | ZAWYA MENA Edition:

"Saudi Arabia has international partners it can work with if the United States walks away from a potential deal on nuclear power technology over concerns about nuclear proliferation, Khalid al-Falih, the kingdom's energy minister, said in an interview on Thursday. "If the U.S. is not with us, they will lose the opportunity to influence the program in a positive way," Falih said after he and Crown Prince Mohammed bin Salman met this week with President Donald Trump, Energy Secretary Rick Perry and other officials on a range of issues. Perry has been quietly working with Saudi Arabia on a civilian nuclear agreement that could allow the kingdom to enrich uranium and reprocess plutonium, technologies that nonproliferation advocates worry could one day be covertly altered to produce fissile material for nuclear weapons."



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