Combined, the so-called OPEC+ alliance produced 37.83 million b/d, its lowest since October, the survey found, putting the group's compliance with its quotas at 113.5%.

According to the agreement, the OPEC+ alliance, which controls about half of the world's production capacity, will mostly maintain its quotas, with Russia allowed a 130,000 b/d increase and Kazakhstan a 20,000 b/d rise, while Saudi Arabia said it would continue implementing its voluntary cut

Being able to use two pipelaying vessels will speed up work on completing Nord Stream 2, which before the Fortuna resumed work had around 150 km left to lay out of a total 2,460 km of the two-string pipeline.

RusHydro Group (hereinafter referred to as the “Group”, ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces its audited consolidated financial statements for the year ended December 31, 2020, prepared in accordance with International Financial Reporting Standards (IFRS).

Prices have rallied to pre-virus levels, while U.S. production has taken a hit from freezing storms. Talk swirls of market supercycles, and even the return of $100 oil.

"The US has decided to put the Nord Stream 2 project in a broader geopolitical framework and is threatening all industries or parties involved in the project with sanctions," Wintershall Dea said.

The Board of Directors reviewed the issue of electing the Chairman of the Gazprom Management Committee and unanimously resolved to reelect Alexey Miller as Chairman of the Management Committee for a 5-year term starting from May 31, 2021.

There had been calls for the Biden administration to intensify sanctions designations to include a wide range of companies involved in the construction of Nord Stream 2, including service companies, insurers and certification companies.

The SPA stipulates the cumulative supply of more than three (3) million tons of LNG for a term of 15 years and will be delivered to LNG terminals in China on DES basis.

Despite U.S. sanctions against the pipeline, Berlin has stood by Nord Stream 2, which it says is a commercial project.

President Joe Biden believes the pipeline is a "bad deal" for Europe, his spokeswoman Jen Psaki has said, and many U.S. lawmakers are pushing for sanctions.

Global liquids supplies are expected to climb by 3.2 million b/d on average in 2021,

Moscow-based analysts welcomed the latest OPEC+ decision, which allowed Russia to increase output by 65,000 b/d in February, and a further 65,000 b/d in March. Russia's crude output was 9.10 million b/d in December.

PAO NOVATEK released its audited consolidated financial statements for the year ended 31 December 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”).

Some 150 km of Nord Stream 2 remains to be laid in Danish and German waters, but the threat of US sanctions against companies involved in laying the pipeline has led to long delays in its completion.