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  • Global Oil Markets
    Breakup of Saudi-Russian ‘Bromance’ Would Collapse Crude Prices

    The Saudi- and Russia-led supply limits that have lifted crude to a 2 1/2-year high must be prolonged for an extended period or prices will collapse, said Ed Morse, global head of commodities research at Citigroup Inc.

  • Saudi-Russia
    Perspective: A turning point in Saudi-Russian relations

    The two countries will sign investment agreements worth more than $3 billion during the visit, the Russian Energy Minister Alexander Novak said. They include a $1.1 billion deal for the Russian petrochemical company Sibur to build a plant in Saudi Arabia, a $1 billion joint technology investment fund, another $1 billion joint fund to invest in energy projects, and Saudi investment in Russian toll roads, including a new one in Moscow.

  • Global Oil Markets
    Analysis: The Market Math Behind the Saudi-Russia Romance

    The big development of the past year, however, has been the apparent marriage of that market power with OPEC's, in what some have dubbed the Vienna Group.

  • Saudi-Russia
    ‘Axis of love’: Saudi-Russia detente heralds new oil order

    State oil giant Aramco confirmed the meeting took place but declined to give details of the closed-door talks, which took place on the same day as OPEC kingpin Saudi Arabia and non-OPEC Russia led a global pact to extend a crude output cut to prop up prices. Kremlin oil major Rosneft declined to comment.

  • Saudi-Russia
    Judging the Saudi-Russia Oil Freeze Comes Down to Binoculars

    Judging the supply of the world’s most important commodity often comes down to a good set of binoculars.

  • Global Oil Markets
    Saudi-Russia Oil Deal Can’t Stop Biggest Bull Exodus in 7 Months

    Meanwhile, U.S. oil supplies keep swelling. They climbed to 504.1 million barrels in the week ended Feb. 12, the highest level in 86 years

  • Oil Prices
    A Saudi-Russian Oil Détente? Not Likely

    Most oil analysts and traders were intrigued when Russia’s energy minister signaled on Jan. 28 that the Kremlin wanted to discuss oil production cuts with OPEC. After all, limiting supply may help bolster the collapsing price of crude, which is hurting all major petroleum powers. Yet no one was surprised when the Saudis didn’t jump at the chance to meet with the Russians.

  • Saudi - Russia
    Are Saudi-Russian Relations Fraying?

    Not only has Russia decided to align itself with Saudi Arabia’s biggest foes the region—Assad, Iran and Hezbollah—there are serious doubts about Russia’s true intentions in Syria.

  • Saudi - Russia
    What Would A Saudi-Russian Partnership Mean For World Energy?

    Given that U.S. and EU sanctions limit the transfer of new oil and gas technology to Russian state oil firms, the logical conclusion would be that Russia would seek Saudi technology related to enhanced oil and gas recovery and advanced drilling, especially for use in the older fields in West Siberia. With a growing list of global research centers in Beijing, Houston, Aberdeen, Massachusetts and others, Saudi Arabia’s national oil company Aramco is the biggest global investor in new oil and gas technologies.