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Mr Putin said he expected the world oil market soon to be balanced.

Oil markets tense on Middle East crisis, US-China trade spat

Oil markets remained tense on Thursday on concerns over a military escalation in Syria.

12 April 2018 7:59 AM GMT

Oil set for positive finish to week as lockdowns eased, (AFP Photo)

Oil prices rise as countries ease virus lockdown

Oil markets were battered in April as the virus strangled demand owing to business closures and travel restrictions

8 May 2020 4:05 AM GMT

Oil prices slipped back Wednesday after two days of gains, although Brent crude remained above $30 a barrel. (AFP Photo)

Oil prices slide as US-China tensions offset virus hope

Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions

6 May 2020 3:12 AM GMT

Oil prices inch higher, one-month supply cut extension falls short of market hopes. (AFP Photo)

Oil prices inch higher after OPEC+ extends output cuts to end-July

On Saturday OPEC+ agreed to extend the deal by a third month through end-July

8 Jun 2020 3:33 AM GMT