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OPEC

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The Organisation of the Petroleum Exporting Countries (OPEC) plays a crucial role in the global energy market. Recent news highlights the potential impact of OPEC's oil pricing strategies on significant geopolitical issues, such as the conflict between Russia and Ukraine. US President Donald Trump emphasized that a drop in oil prices, facilitated by OPEC, could pressure Russia into peace. Discussions involving OPEC, the G7, and oil-producing countries like Saudi Arabia underline the complexities of global energy economics. The interplay of oil production decisions and international diplomacy remains pivotal in shaping current events and global stability.
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News OPEC

Trump voices a way to quickly end Russia’s war against Ukraine War in Ukraine will end immediately if OPEC slashes oil prices - Trump. VIDEO US President Donald Trump has said that Russia's war against Ukraine could be ended quickly if the Organisation of the Petroleum Exporting Countries slashes prices. 6 808 81

EU fears Trump will hold peace talks on Ukraine without their participation Trump to negotiate oil price reductions with Saudi Arabia and OPEC to pressure Russia into peace US President Donald Trump wants to reach an agreement with Saudi Arabia and OPEC to reduce oil prices, which could "instantly" stop the Russian-Ukrainian war. 7 109 88 Previously in trend: President Trump

g7,большая,семерка G7 calls on OPEC to take action to ease the situation in the energy market The statement was made by the G7 energy and environment ministers following a two-day summit in Berlin. 1 937 2 Economics

No agreement to freeze oil production reached by Iran, Iraq, Venezuela, and Qatar Oil Ministers of Iran, Iraq, Venezuela and Qatar could not come to an agreement on the freezing of oil production in 2016 at a meeting in Tehran Feb. 17. 20 361 117 Economics

Saudi Arabia killing Russian economy in its campaign to control oil prices, - Business Insider A year ago, Oil Minister of Saudi Arabia Ali Naimi made it plain that he didn't care what happened to Russia if oil-producing countries failed to cooperate with Saudi-dominated OPEC on keeping prices high by restricting production. 66 652 248 Economics

нефть Oil prices close to 2015 low upon OPEC decision Crude prices fell on Monday in the first trading session after OPEC members failed to agree on output targets to reduce a bulging oil glut that has cut prices by more than 60 percent since June 2014. 41 701 203 Economics

OPEC to tolerate cheaper crude in 2015, - Reuters OPEC countries are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output. 41 835 290 Previously in trend: Sanctions against Russia

Oil states burning billions as global axis of power shifts, - The Times The price of oil sank to below $50 a barrel last week, the lowest in six years, draining Gulf states of their spending power - but hitting Russia and other producers harder still. 128 637 504 Economics

нефть oil Russian budget to lose $135 billion at the price of oil at $55 - OPEC According to the Organization of Petroleum Exporting Countries, if the oil price stays at the current $55 per barrel for a year, Russia will earn around $135 billion less. 47 232 410 Economics

нефть OPEC oil basket price plummets below $52 The price of OPEC oil basket as of Jan. 2, 2015 fell to $51.91 a barrel. 84 000 451 Economics

OPEC's Decision Triggered Fall of Ruble to New Historic Low US dollar and euro rate reached absolute maximum today during Moscow stock exchange evening trading due to OPEC's decision not to reduce oil production quotas. 216 903 1 015 Previously in trend: Sanctions against Russia

нефть OPEC Refused to Support Russia: Oil Production Will Not Be Reduced The Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna has decided to maintain the current oil production quota at 30 million barrels a day. 202 151 1 578 Incidents

Oil Prices Could Slide to $60 per Barrel if OPEC Does not Agree Significant Output Cut Thursday - Reuters Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna this week. 57 640 270 Economics