18:53 [oilprice.com] (E)
Oil opened on Monday down roughly 25 percent, the sharpest decline in decades, and broader financial markets fell so precipitously that the circuit breakers put in place during times of volatility tripped, temporarily halting trading.
11:47 [RT] (E)
Russia’s sovereign wealth fund has enough reserves to cover budget deficit for years, even if oil prices stay between $25 and $30 per barrel, the Finance Ministry announced amid a dramatic oil market crash.
22:09 [PressTV] (E)
Iran’s Minister of Petroleum Bijan Zangeneh says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.
12:15 [Stalker Zone] (E)
On January 31st, US Secretary of State Mike Pompeo went on an official visit to Kiev. He met with the President of Ukraine Vladimir Zelensky. According to Zelensky, the US remains a key ally of Ukraine, the volume of the US’ support for Ukraine this year will amount to $700 million. The head of the Ukrainian state said this at a joint briefing following the meeting...Zelensky also called on American business to produce natural gas and oil in Ukraine, and also expects the participation of American companies in the competition for the development of the Black Sea shelf.
10:32 [TASS] (E)
The United States stands ready to supply Belarus in full with the energy resources at competitive prices, US Secretary of State Mike Pompeo said on Saturday after his talks with Belarusian President Alexander Lukashenko and Foreign Minister Vladimir Makei on Saturday. "Our energy producers stand ready to deliver 100% of the oil you need at competitive prices," Pompeo said.