Daria Litvinova

The sun sets behind an idle pump jack near Karnes City, Texas, Wednesday, April 8, 2020. Demand for oil continues to fall due to the new coronavirus outbreak.

Oil-Producing Nations Seek Deal

Price crashes have been straining government budgets and pushed energy companies toward bankruptcy.

Russian President Vladimir Putin, right, Deputy Prime Minister of Russia Dmitry Kozak, second right, and Russian Minister of Energy Alexander Novak, back to a camera attend a joint video conference with Chinese President Xi Jinping during inaugurating the Power of Siberia pipeline in the Bocharov Ruchei residence in the Black Sea resort of Sochi, Russia on Monday, Dec. 2.

China, Russia Launch Massive Joint Gas Pipeline

Chinese President Xi Jinping and Russian President Vladimir Putin inaugurated the pipeline — dubbed the “Power of Siberia” — through a joint video conference.