Russia’s energy minister said on Thursday he “heard” that Britain was considering a reduction in gas imports from Russia.
OPEC Secretary-General Mohammad Barkindo told CNBC on Tuesday he has President Vladimir Putin’s word that Russia will not flood the oil markets.
Oil producers will discuss exit strategy for their deal on cutting output once the market moves closer towards being balanced, Novak said.
Russia said it is ready to support extending a deal among oil producers on cutting output, although it has yet to say how long it should be for.
Russia’s eco min said Russia’s economic growth in Oct was negatively affected by a global deal between members of OPEC and Russia to curb crude oil production.
Russia and Saudi Arabia support the oil output cut deal, and the agreement's future should be discussed closer to its expiry date.
World energy markets can handle supplies of US shale oil as demand is rising and deals between Russia and Saudi Arabia have helped stabilize crude prices.
Oil prices rose as futures traders bet the market may have bottomed after a recent steep fall, even as physical markets remain bloated by oversupply.
TRANSPORT CORPORATION OF INDIA
Acquired New ship to enhance capacity in West Coast of India for Rs 48.8cr
TCI Seaways already has an existing capacity of 5 ships with a DWT @37360
The new ship is with a DWT 26262 and can hold 766 containers
Each container will be carrying capacity of 30 tonnes
QIP Opens Today; Floor Price Set At Rs 227.15/Share
INFRA STOCKS IN FOCUS
Infra to bid for Rs 190 bn UP road project
A total of 12 firms are eligible for bidding
According to sources, the financial bid of these companies would be opened next week, probably on March 28
Reliance, PNC Infratech, NCC), L&T, BSCPL Infrastructure (formerly B Seenaiah & Company (Projects)), Sadbhav Engineering, Oriental Structural Engineers, Ashoka Buildcon, KNR Constructions, Apco Infratech, Gayatri Projects, Afcons Infrastructure have been found eligible for financial bids
A consortium led by State Bank of India (SBI) would give a credit line of Rs 150 billion for the project
Business Standard Reports
Lowest bidder for 2 Projects in NH 753J worth Rs 448 Cr
IndiGo- Qatar to make joint bid for Air India
Indigo said its first priority would be to buy the overseas flights of Air India
Acquiring Air India will lead to a majority market share of more than 50%
Financial Express Reports