OctaFX | OctaFX Forex Broker
Open trading account

Russia could have a difficult time complying with an extended OPEC output cut - Reuters

Citing sources familiar with the plan, "oil output from Russia's Sakhalin-1 project is set to rise by about a quarter to 250,000-260,000 barrels per day (bpd) from January, signalling Moscow may find it hard to comply with an extended OPEC output cut," Reuters reported on Monday.

Key quotes

The Sakhalin-1 project, operated by ExxonMobil off the coast of Sakhalin island in Russia's Far East, currently produces about 200,000 bpd.

Production will increase to 260,000 bpd in the March quarter from about 190,000 bpd in 2017, according to one of the sources.

The joint venture has opted to "front load" production and may cut it later if permission is not granted to keep the annual average intact.

USD/JPY: the outlook for relative central bank policy weighs - Scotiabank

JPY is outperforming most of the G10 currencies and rising beyond last week’s multi-month high.  Key Quotes: "The outlook for relative central bank
Read more Previous

USD/CAD reverses and rises sharply above 1.2700

The US dollar rallied during the American session while the Loonie lost strength and pulled back. The USD/CAD pair rose almost a hundred pips...
Read more Next
Start livechat