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UPDATE 6-Oil prices slump as Saudi Arabia and Russia consider output boost

*Russia, Saudi, UAE energy ministers meet in St Petersburg. *OPEC, non- OPEC producers to meet in June to discuss production. LONDON, May 25- Oil prices fell more than 2 percent towards $77 a barrel on Friday as Saudi Arabia and Russia said they were ready to ease supply curbs that have pushed crude prices to their highest since 2014..

Source: Reuters

OPEC SecGen says Trump's tweet prompted talks on easing oil caps

ST. PETERSBURG, May 25- OPEC began a discussion about easing production cuts following a critical tweet from U.S. "We pride ourselves as friends of the United States," Barkindo told a panel with Saudi and Russian energy ministers in St. Petersburg at Russia's main economic forum. He also said it wasn't unusual for the United States to put pressure on OPEC as some U.S....

Source: Reuters

UPDATE 5-Oil prices fall as OPEC and Russia weigh output boost

*Russia, Saudi, UAE energy ministers meet in St Petersburg. *OPEC, non- OPEC producers to meet in June to discuss production. LONDON, May 25- Oil prices fell below $78 a barrel on Friday as OPEC and Russia considered easing supply curbs to offset disruptions in Venezuela and an expected drop in Iranian exports.

Source: Reuters

US Treasurys higher as investors await economic data

U.S. government debt prices were higher Friday morning, as investors monitored a fresh batch of economic data.

Source: CNBC.com

Saudi Arabia and Russia reportedly discuss raising oil output

Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd).

Source: Reuters

EXCLUSIVE-OPEC, Russia discuss raising oil output by about 1 mln bpd - sources

DUBAI/ MOSCOW/ LONDON, May 25- Saudi Arabia and Russia are discussing raising OPEC and non- OPEC oil output by around 1 million barrels per day, easing 17 months of strict supply curbs amid concerns that a price rally has gone too far, sources familiar with the matter said. The initial talks are being led by the energy ministers of OPEC kingpin Saudi Arabia and Russia at...

Source: Reuters

Sibur CEO: OPEC now more worried about supply than demand

Dmitry Konov discusses the oil market and potential Middle East partnerships.

Source: CNBC.com

UPDATE 4-Oil prices fall as OPEC and Russia weigh output boost

*OPEC, non- OPEC producers to meet in June to discuss production. LONDON, May 25- Oil prices fell on Friday as OPEC and Russia considered easing supply curbs to offset disruptions in Venezuela and an expected drop in Iranian exports. The Middle East dominated Organization of the Petroleum Exporting Countries as well as a group of non- OPEC producers led by Russia...

Source: Reuters

EXCLUSIVE-OPEC, non-OPEC discuss around 1 mln bpd oil output rise - sources

DUBAI/ MOSCOW/ LONDON, May 25- Saudi Arabia and Russia will discuss raising OPEC and non- OPEC oil output by around 1 million barrels per day, easing 17 months of strict supply curbs, sources familiar with the matter said. The initial talks are being led by the energy ministers of Saudi Arabia and Russia at St. Petersburg this week along with their counterpart from the...

Source: Reuters

UPDATE 3-Oil prices fall as Russia floats gradual production increase

*Russia has been withholding supply with OPEC since 2017. *OPEC, non- OPEC producers to meet in June to discuss production. SINGAPORE, May 25- Oil prices fell on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017..

Source: Reuters