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Oh boy check out TGGI
PAPA BEAR hope you are doing well
great SNWR just out!
RSPI looks like the chart may be ready now and low SS. BIg spike coming?
ZHUD ATWT SBEV ILAL all 4 are going to be such big winners soon! do your DD and youll see!
REVERSE MERGER IN PROGRESS - SUMMARY --- Gifa, Inc. (GIFX) - (UPDATED)
"GIFA is a leading multinational chain of companies offering a full range of comprehensive products and services. Our wholly-owned subsidiary companies include GIFA Consulting, GIFA Tourism and Yeni Bakis newspaper. With plans to expand the GIFA name, projects such as GIFALAND theme park and a deluxe hotel and casino are underway."
https://www.gifainc.net/home
SHARE STRUCTURE
500,000,000 Authorized Common Shares
160,931,844 Outstanding Common Shares
113,377,780 Restricted Common Shares
47,554,064 Public Float
NVSOS and LEI Status
https://www.nvsos.gov/sosentitysearch/CorpSearch.aspx?m=0
https://search.gleif.org/#/record/549300BDY0OQ011CFK31
YEARLY TARGETS
http://www.haberinyoksa.com/roportaj/gifa-holdingin-2018-hedefi-50-milyar-euro-h19194.html
Commission Is 3% On Loans Starting At $4M Per The Loan Application Form.
2017 Loan brokerage target: €18M
2018 Loan brokerage target: €50M
2019 Loan brokerage target: €75M
Giant Move of 700 Million Dollars From Gifa Holding - GIFA Holding Decided To Sell 30 Percent Of Its Overseas Shares
Published on May 9, 2016
https://translate.google.com/translate?hl=en&sl=tr&u=https://www.oncevatan.com.tr/guncel/gifa-holdingden-700-milyon-dolarlik-dev-hamle-h92413.html&prev=search
$1.63 billion dollars worth of company shares are left after the transaction.
_________________________________________________________________________________
Yusuf Kisa Has Strong Ties To Local Politics - Connections With Ersin Tatar, Current Prime Minister
https://translate.google.com/translate?hl=en&sl=tr&tl=en&u=https%3A%2F%2Fhaberkibris.com%2Fgifa-holding-call-center-acildi-2015-02-18.html
https://translate.google.com/translate?hl=en&sl=tr&tl=en&u=https%3A%2F%2Fwww.iha.com.tr%2Fhaber-yeni-bakis-gazetesinin-4uncu-yili-kutlandi-699265%2F
2017 CORPORATE TAX SHEET
https://t.co/qWiFELYKQc?amp=1
Line 3672 - Tatar and Co. - Grandex Finance Ltd.
Line 2541 - Tatar and Co. - Gifa Rent a Car
Line 4146 - Tatar and Co. - Gifa Retirement homes Ltd.
Line 4343 - Tatar and Co. - Gifa Holding Ltd.
October 11, 2020 - Presidential Elections in Northern Cyprus
The Associated Press said with all of the votes counted, Tatar came out with 32.35% of the vote, and Akinci had 29.84%. The pair will now face off again on October 18.
https://www.dw.com/en/turkish-held-northern-cyprus-set-for-election-runoff/a-55237039
_________________________________________________________________________________
WILLIAM M. AUL - Legal Counsel and Assistant Secretary of GIFX
Bill Aul not only chose to serve as their legal representation, but he's an executive for Gifa, Inc. as Asst. Secretary.
The assistant corporate secretary helps carry out the duties of the corporate secretary, which not only include taking minutes of meetings and distributing copies, but also assisting with the preparation of key meetings with shareholders. These assistants may also help prepare proxy statements for shareholders and/or prospective shareholders.
The assistant also works alongside the corporate secretary to help set up and execute both internal and external audits within the company. The corporate secretary helps ensure that company business, such as stock or bond transactions, follows all required legal parameters, and the assistant will likely generate records and reports of this work.
He has 40 years experience, an impeccable law record, and a perfect SEC record and background.
William M. Aul's California BAR license of 40 years experience is clean.
http://members.calbar.ca.gov/fal/Licensee/Detail/156205
http://www.ratemyprofessors.com/ShowRatings.jsp?tid=806530
William Aul being interviewed on San Diego public television regarding a major municipal bond scandal that brought the city of San Diego into national news.
The only way the video worked for me since it is a .flv file is to open the Microsoft Edge browser, left click "Source file" which opens the video successfully using VLC media player.
https://www.kpbs.org/news/2006/nov/15/sec-reaches-agreement-with-city-on-pension-scandal/?utm_source=avvo
_________________________________________________________________________________
4/17/2017: Firefish (FRFS) files Form 15-12G
9/26/2017: There was a corporate charter amendment filed with the Nevada Secretary Of State, to change the name of public company "Firefish" (stock symbol FRFS) to "GIFA Inc". At that time, there were also changes made to the corporate charter to name new corporate officers of the company, to change the corporate address listed with the NV secretary, and also reduce the authorized shares (A/S) from 1 billion shares to 500 million shares. Ralph Amato, CEO of (FRFS) resigned and returned his stock as treasury stock. Shetty resigned prior to this date.
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=cAHa2MMHoiEWSHdY730%252bAg%253d%253d&nt7=0
10/17/2017: the Company amended its Articles of Incorporation to change the Company's name from Firefish, Inc. to GIFA, Inc. (the "Amendment"). The Amendment also reduced the Company's authorized Common Stock to 500,000,000 and it authorized an aggregate of 10,000,000 shares of the Company's Preferred Stock.
https://www.sec.gov/Archives/edgar/data/1445883/000109690618000420/gifa.htm
6/13/2018: SEC EDGAR 1st, 2nd, & 3rd 10Q filed covering past due FRFS operations.
7/27/2018: SEC EDGAR 4th, 5th, & 6th 10Q filed as well as 1st 10K audited covering past due operations to end of year 2016.
9/26/2018: William Aul issues GIFA FIRST EVER English language and official company press release using Global Newswire service, announcing the FINRA name change. William Aul, company attorney, on the PR lists himself as “company contact” with phone and email address given
https://globenewswire.com/news-release/2018/09/26/1576869/0/en/GIFA-Inc-Announces-Approval-of-Name-Change.html
10/22/2018: FINRA approves/grants new trading symbol GIFX
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
10/25/2018: William Aul issues second ever English language official GIFX PR.
https://globenewswire.com/news-release/2018/10/26/1627611/0/en/GIFA-Obtains-New-Stock-Trading-Symbol.html
https://www.sec.gov/cgi-bin/browse-edgar?company=gifa&owner=exclude&action=getcompany
2/4/2019: GIFA, Inc. Announces Acquisition of GIFA Holding Limited, the Divestiture of Firefish Private Networks Limited and More Recently, the Acquisition of Grandex Finance Limited
https://globenewswire.com/news-release/2019/02/04/1709871/0/en/GIFA-Inc-Announces-Acquisition-of-GIFA-Holding-Limited-the-Divestiture-of-Firefish-Private-Networks-Limited-and-More-Recently-the-Acquisition-of-Grandex-Finance-Limited.html?culture=en-us
3/7/2019: GIFA, Inc. Announces That it is Exploring Potential Acquisition Opportunities in the Pharmaceutical Business Sector
https://www.globenewswire.com/news-release/2019/03/07/1750079/0/en/GIFA-Inc-Announces-That-it-is-Exploring-Potential-Acquisition-Opportunities-in-the-Pharmaceutical-Business-Sector.html
2/20/2020: GIFA, Inc. Reports on the Status of Current Plans
https://www.globenewswire.com/news-release/2020/02/20/1988204/0/en/Gifa-Inc-Reports-on-the-Status-of-Current-Plans.html
The following article explains how the Turkish lira affects the Cypriot economy
https://www.aljazeera.com/economy/2018/08/17/northern-cyprus-looks-to-ankara-as-turkish-liras-woes-bite/?gb=true
6/4/2020: GIFA, Inc. Shareholder meeting scheduled for June 3&4, 2021
https://gifainc.net/invit.php
https://www.instagram.com/p/CClchpxpYjJ/
https://www.instagram.com/p/CClcVPWJjz1/
7/24/2020: GIFA, Inc. Reports on Its Efforts to File Its Periodic Reports
https://www.globenewswire.com/news-release/2020/07/24/2067470/0/en/Gifa-Inc-Reports-on-Its-Efforts-to-File-Its-Periodic-Reports.html
9/6/2020: gifatoken.com went online
https://www.gifatoken.com/
9/30/2020: As promised, information was sent to shareholders regarding the Annual General Shareholder Meeting scheduled for June, 2021.
aygun.antas@gifaconsulting.com
10/11/2020: Presidential Elections in Northern Cyprus
The Associated Press said with all of the votes counted, Tatar came out with 32.35% of the vote, and Akinci had 29.84%. The pair will now face off again on October 18.
https://www.dw.com/en/turkish-held-northern-cyprus-set-for-election-runoff/a-55237039
_________________________________________________________________________________
GIFA WEBSITES AND OTHER IMPORTANT LINKS
https://www.gifainc.net/home
https://www.instagram.com/y.kisa1/
https://twitter.com/Yusuf_KISA1
https://twitter.com/gifa_holding?lang=en
https://www.youtube.com/watch?v=9qQtUhMI0Ao
https://www.youtube.com/watch?v=-QSB5DxMu4U
https://www.youtube.com/watch?v=1QS5fmUCaxE <---- Pay attention to 0:48
GRANDEX FINANCE LTD. – Lefkosa and Famagusta locations
“Grandex is in the direct lending business of providing payday loans, short term loans, and installment loans generally in the Turkish equivalent of up to $10,000 (U.S.) in the Lefkosa market area.” - 2/4/2019 PR
https://www.grandexfinance.com/
https://www.gifainc.net/urundetay.php?id=1
https://www.instagram.com/p/CBlnwKOpXRJ/ - Lefkosa
https://www.instagram.com/p/CBxSSQwpkby/ - Famagusta
GIFA AIRWAYS AND TOURISM
Gifa is prepared to open an airline if the government will approve it and work with them. They currently operate as a small travel agency.
https://www.lgcnews.com/gifa-airways-applies-to-be-national-carrier/
https://www.instagram.com/p/B9o0vElpI9-/
YENI BAKIS GAZETESI - Local newspaper and WebTV
https://www.yenibakisgazetesi.com/
https://www.instagram.com/p/B9Eu6jWnhLL/
https://www.instagram.com/p/B_uWaJfJwC9/
Yeni Bakis pictures at the bottom of the gallery: https://gifainc.net/galery
GIFA HOTEL PROJECT
https://www.instagram.com/p/CB77sLMJ_IL/
https://www.instagram.com/p/CB4-dqRpm7f/
https://www.google.com/maps/place/Lapta+99440/@35.3582655,33.1349985,578m/data=!3m2!1e3!4b1!4m13!1m7!3m6!1s0x14de0b0f2994a397:0x60771f3ea7be8159!2sSardunya+Sk,+Lapta+99440!3b1!8m2!3d35.3543714!4d33.1378668!3m4!1s0x14de0b0fc42a1b89:0x835ae9e7f64cf049!8m2!3d35.3582157!4d33.1371541
GIFA FOREX
http://gifaforex.com/
Gifa Forex partnered with Visa and committed to supporting the local economy.
https://translate.google.com/translate?hl=en&sl=tr&tl=en&u=https%3A%2F%2Fwww.timeturk.com%2Fgifa-forex-ve-visa-dan-isbirligi%2Fhaber-442499
https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=https%3A%2F%2Fwww.haberler.com%2Fgifa-forex-kar-paylarini-tl-olarak-odeme-karari-9266944-haberi%2F
GIFA BUSINESS INCUBATION CENTER
https://www.instagram.com/p/CBqj1ohJXKy/
REPRESENTATIVE OFFICE IN RUSSIA
http://gifaconsulting.tilda.ws/
ARTICLES INDICATING OFFICES IN OTHER COUNTRIES
https://translate.google.com/translate?hl=en&sl=tr&tl=en&u=https%3A%2F%2Fwww.timeturk.com%2Fgifa-holding-cezayir-de-temsilcilik-acti%2Fhaber-480524
https://translate.google.com/translate?hl=en&sl=tr&tl=en&u=https%3A%2F%2Fwww.iha.com.tr%2Fhaber-gunes-enerjisine-yonelen-iranli-sirketler-kredi-talebi-icin-kktcde-627445%2F
$ACI The Largely Ignored Albertsons IPO Presents a Great Opportunity
https://investorplace.com/2020/07/the-largely-ignored-aci-stock-ipo-presents-a-great-opportunity/
Hello Papa
I just notice your PM. Hope all is well. I can not PM back. It was good to see your message
RXMD folks, will be huge uplisting soon by years end
here it is folks RXMD will be huge in 6 months if not sooner , get some
$DLYT NanoAir™ Dais Analytic DLYT
Great Article.
I am putting off investing in HEMP or Hemp Companies.
For some reason those stocks are dropping in PPS?
Hopefully the Hemp sector will rise again as Hemp Growing is Legal.
$HEMP Hemp, Inc. Featured in Caribbean Business as Puerto Rico Rolls Out Industrial Hemp Program https://www.marketwatch.com/press-release/hemp-inc-featured-in-caribbean-business-as-puerto-rico-rolls-out-industrial-hemp-program-2018-12-06
You are right..
I bought some MCOA awhile back but had to sell it as Hemp Stocks were dipping.
Now.... they have had a huge R/Split and am glad I am out of it.
But as far as the Hemp Industry is concerned there are many uses for this product.
There are some companies that will make it big with Hemp.
Many Canadian Marijuana Companies are growing huge Acres of Hemp within the United states Borders.
The competition out there is absolutely going thru the Roof.
$HEMP Hemp Inc. | Industrial Hemp is fast booming business
http://www.emporiaindependentmessenger.com/news/article_815097f0-5abf-11e9-9aba-73cf36ba52dd.html
NIIIIIIIIOOOOOO
$ NIO **
No wonder I love this stock.
Charging a battery as quickly as a Gas fill-up is coming.
"NIO continues to push forward on battery swapping technology that’s aimed at getting its electric cars fueled up in less time than it takes to pump gasoline into a standard internal combustion engine vehicle. NIO owners can use the company’s compact battery swapping stations located in parking lots and other locations for a delay-free power supply for their vehicles. Drivers enter a swap station and wait while an autonomous robot removes a vehicle’s drained battery and replaces it with a completely charged one. With such an option available for quick access to EV power, NIO clearly intends to embrace customer convenience as part of its plan to win over its target customer base.
According to NIO’s IPO last year, this battery exchange service – called “Power Swap” – has been rolled out in nine cities around China, including Beijing and Shanghai. Plans call for 40 to 80 swap stations in place by the end of December. The company announced the completion of its battery swap network along the Chinese G2 Expressway (from Beijing to Shanghai) in early January this year.
NIO is offering a subscription model that’s priced at $200 per month wherein customers can utilize company-provided batteries rather than owning the actual battery that’s attached to their vehicle. If a customer doesn’t own the battery, swapping it out is a mere formality rather than a question of whether their replacement battery is the same quality as the one given up after purchase."
Thank You very much S/O/trade
$NIO NIO’s electric car battery swapping station looks to pick up where Tesla $TSLA left off
https://www.teslarati.com/nio-battery-swapping-station-power-swap/
$CHK LOUISIANA
Chesapeake began developing natural gas in Louisiana’s Haynesville Shale in 2008 and continues building strong relationships with the region’s leaders and residents. Since the development of the Haynesville Shale, nine Northwest Louisiana parishes have become significant drivers for the state's economy and royalty owners. We remain committed to supporting the communities where we live and work while reducing our environmental footprint through efficient drilling, reduced air emissions and less surface activity. http://www.chk.com/Documents/operations/Louisiana-fact-sheet.pdf
$ TYME **
Great Long Term hold.
Thanks.....I will check it out:
https://www.otcmarkets.com/stock/TYME/profile
$TYME TYME Presents Updated Data at ESMO GI 2019 from TYME-88-Panc Phase II Study Demonstrating Encouraging Overall Survival Trends in Patients with Advanced Pancreatic Cancer
Looking Good....
Glad I picked a few shares up.
$NIO Credit Suisse NIO Inc. with an Outperform rating, $12.60 price target
Great Video and just think of the Potential for:
$$ NIO $$
WOW...This is a "NO" Brainer BUY!
Can't thank You enough.
China is the leader in Electric Vehicals
Archived:
https://www.fleetcarma.com/china-become-electric-vehicle-leader/
$NIO NIO Inc. is a pioneer in China’s premium electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful
lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and
sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity,
autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient
and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater high-performance
premium electric SUV in China in June 2018, and its variant, the 6-seater ES8, in March 2019. NIO officially launched the ES6, a
5-seater high-performance premium electric SUV, in December 2018 and plans to make the first batch of deliveries of ES6 in June
2019.
https://ir.nio.com/node/6796/pdf
Not much here....
https://www.otcmarkets.com/stock/NIO/news
Maybe sales to Tesla makes this a winner.
Looks like stock has bottomed out and time to buy:
https://www.barchart.com/stocks/quotes/NIO/overview
Electric Vehicles are becoming the "IN" thing.
I have been following You for quite some time now.
Thank You!!
Gotta hit the road now. Happy 4th!
I will take a look see!
$$ NIO $$
IFUS is far from dead IMHO. Great over sold stock.
New website up something's about to happen here! BTHR
https://trendingpolitics.com/trey-gowdy-risks-it-all-to-reveal-the-fbi-s-darkest-secret/?utm_source=fanclub&utm_medium=manychat
$TRBO Turbo Global Partners $0.07PPS with a 52wk High of $2.70 might see a bounce from here breaking resistance levels of $0.10
$NIO NIO JAC Manufacturing Plant in China https://vimeo.com/298214985
$GM vs $NIO / $GM Doubles Bet On Electric Cars in China; China EV Maker Surges $NIO https://www.greencarreports.com/news/1118766_electric-carmaker-nio-begins-trading-on-nyse-aims-to-sell-cars-in-us
$IFUS shareholders need a good class action ambulance chaser. Anybody know a good one?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149057279
Where is Papa Bear these days?
I wanted to tell you to take a look at BTHR something brewing.
This is a nice board. I like it. Thank you for letting me know MsCoffeenut.
Hey papa you still here got a hot one asap
$GEVO "Gevo is working closely with commercial airlines, the Air Transport Association of America, the U.S. Department of Defense and other organizations in a strategic effort to develop the biojet industry. To date, Gevo?s ATJ has been produced at its demo biorefinery in Silsbee, Texas, using isobutanol produced at its Luverne, Minn. fermentation facility. Successful test flights using Gevo?s ATJ have been flown with Alaska Airlines, the U.S. Air Force, U.S. Army and U.S. Navy." http://www.gevo.com/our-markets/jet-fuel/
$GEVO 2nd Resistance Point 0.88
1st Resistance Point 0.71
Last Price 0.65
$MVTG has a new web site now.
http://mantraventuregroup.com/
They bought a second firm earlier this year, all the operating firms they own are al linked there now.
Revenue jumped from zero to 12 Million per year in the last SEC filling. News is spreading slowing, and buying is building up. Locked float, OS is now at the AS and insiders, Officers owb 51% of the low share structure. Float only 64 Mil shares!
$MVTG is building up a head of steam at the ask in the .0056 range, an the ask has thinned out from 2.5 Mil shares at the ask a week ago to almost none today. Next gap up is at .020/share. Instant 4 bagger, then a dime and then 30 cents based on the charts...
Ucore Inc. $UURAF Consortium Wins USDOE, Bid for Rare Earths from Coal Industry http://ucore.com/ucore-consortium-wins-usdoe-bid-for-rare-earths-from-coal-industry
$ASTI Strategic Investor Increases Shareholding in Common Stock of Ascent Solar
Ascent Solar Technologies, Inc. ( ASTI) , a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, announced that Hong Kong Boone Group Limited ("Boone Group") has converted another 1,000 shares ($1,000,000 of invested capital) of the Series K Convertible Preferred Stock ("Series K Preferred Stock") into Common Stock of the Company at a fixed price of $0.0040 per share, pursuant to the Securities Purchase Agreement ("Agreement") between the Company and Boone Group which was entered into on February 8, 2017.
Upon conversion, the Company issued an additional 250,000,000 shares of restricted Common Stock to the Boone Group. In aggregate, Boone Group now owns 450,000,000 shares of the Company, which represents about 7.9% of the Company's total outstanding shares post conversion. The fixed price of $0.0040 per share represents a significant premium of 700% to the Company's latest closing bid price of $0.0005 prior to the conversion notice.
Mr. Song Liang, Chairman and Founder of the Boone Group, commented "We are pleased with the progress of Ascent Solar ( ASTI) since the signing of the Agreement, and we remain fully committed to investing in the Company despite the short term fluctuation of the stock price." Mr. Song continued, "Our long term vision is aligned with Ascent's strategy. In addition to our funding commitment to Ascent Solar ( ASTI), we will also provide other support through our vast resources in China to help the Company swiftly commercialize its unique products in China."
The President and CEO of Ascent Solar ( ASTI ), Mr. Victor Lee said, "By electing to further convert into Common Stock despite the large premium over the current stock price, the Boone Group is underscoring its belief in Ascent Solar ( ASTI ) and the Company's lightweight flexible CIGS solar technology. We look forward to working with the Boone Group to penetrate the Chinese market which is exhibiting a large growing annual demand in solar power of well over 60 Gigawatts."
.
$ASTI Ascent Solar Manufacturing Facility, Colorado
$ASTI = YIELD Sign GONE!! wink CEO..is..ON..His..GAME!!
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A Houston private equity big shot is considering options to salvage the beleaguered Oklahoma-based SandRidge Energy Inc.
Blue Star Energy, a Kansas-based entity created solely for the purpose of acquisitions, is pursuing multiple investment options for SandRidge, and discussing said options with A.V. Jones, co-founder and senior adviser to Houston-based Quantum Energy Partners.
In recent weeks, SandRidge Energy(OTCMKTS: SDOC ) has faced a falling stock price, delisting by the New York Stock Exchange, closure of several of its wells in northern Oklahoma and layoffs.
Leading Blue Star are partners Jonathan Frieden and Jim Hake. "Quantum is our financial partner", said Frieden.
The buying group interested in SandRidge consists of multiple other undisclosed parties, said Frieden.
SandRidge is considering debt restructuring options that include a prepackaged bankruptcy, Reuters reported on Jan. 25. A prepackaged bankruptcy is the preferred option in Freiden's view because it's the most feasible way to take care of SandRidge's common shareholders. The thinking behind that opinion is that the shareholders would receive some portion of the newly restructured company once the restructuring is complete.
Ever since discussions began between Frieden and SandRidge in November, it was clear that SandRidge's management wanted to keep its options open, said Dallas Salazar, CEO of Austin-based Atlas Consulting , who's consulting Blue Star on SandRidge.
"It’s clear that (the buying parties are) interested in a potential ownership interest of the company, whether that comes via a capital injection or any other monetization event, which obviously could come from a transaction, capital injection or a prepackaged bankruptcy," said Salazar. "This buying group is considering all options that SandRidge has outlined."
SandRidge began to prioritize its debt issues roughly eight months ago, and did a fairly decent job at that for a part of that time, said Salazar. But the real indication of the company's readiness to evaluate options with outside investors like Quantum came when SandRidge forked over its assets in the Piñon field, plus $11 million in cash, to a subsidiary of Houston-based Occidental Petroleum Corp. (NYSE: OXY). The hand-over settled claims from a 30-year agreement for removal of CO2 produced in West Texas.
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Global Oil News
Oil futures briefly pared gains, falling in tandem with stock markets after the Federal Reserve left interest rates unchanged on Wednesday, but recovered heading into U.S. crude's settle.
The Fed's policymaking committee said it was monitoring heightened market volatility, but noted that labor
conditions are improving, asserted inflation will tick up, and reiterated its belief that the energy price plunge is "transitory."
Brent crude rose $1.34 to $33.14 a barrel by 2:36 p.m. ET, having hit a session high of $33.49.
U.S. crude futures settled up 85 cents at $32.30 a barrel, off a session peak of $32.84.
Russia's energy ministry said possible coordination with the Organization of the Petroleum Exporting Countries (OPEC) was discussed at a meeting with Russian oil companies on Wednesday.
Top non-OPEC producer, Russia has in the past been unwilling to cut oil output, as it battles for market share with OPEC king-pin Saudi Arabia.
"I remain skeptical, at the end of the day, about that happening as the oil producers are looking at the other guy to cut production while maintaining their own levels," Andrew Lipow of Lipow Oil Associates said.
"I think the geopolitical factors in the Middle East are playing a bigger part in the actual oil production than the statements from energy ministers who'd like to see higher prices."
Hints of a possible deal between OPEC members and rival producers had already helped oil rally 4 percent on Tuesday.
Crude was looking firm before the Russia news on the back of a U.S. Energy Department report showing a surprise spike in demand for refined products like heating oil last week, when a massive blizzard hit the U.S. Northeast.
Heating oil futures rose 6 percent, boosted in part by forecasts for more cold weather later this week.
Data from the U.S. Energy Information Administration showed inventories of distillates such as heating oil fell by more than 4 million barrels, trumping expectations for a rise of nearly 2 million.
"The draw in distillate stocks is bullish, but we know there was cold weather in the United States in the last week, so I would say the reason behind the draw has something to do with the cold winter weather and, as such, the impact should be short-lived," Tamas Varga of PVM Oil Associates said.
A statement from Russia's energy ministry left the door open to talks with OPEC, moments after the head of Russia's pipeline monopoly said officials have decided they should talk to Saudi Arabia and other OPEC members about output cuts.
The top non-OPEC producer, Russia has in the past been unwilling to cut oil output, as it battles for market share with OPEC output leader Saudi Arabia.
"I remain sceptical, at the end of the day, about that happening as the oil producers are looking at the other guy to cut production while maintaining their own levels," Andrew Lipow of Lipow Oil Associates said.
"I think the geopolitical factors in the Middle East are playing a bigger part in the actual oil production than the statements from energy ministers who'd like to see higher prices."
Hints of a possible deal between OPEC members and rival producers had already helped oil rally 4 percent on Tuesday.
Brent crude LCOc1 rose $1.30, or 4.1 percent, to settle at $33.10 a barrel, after touching a session high of $33.49.
U.S. crude CLc1 settled up 85 cents at $32.30 per barrel, a 2.7 percent gain, having topped out at $32.84.
Oil prices barely budged after the Federal Reserve right before the close left U.S. interest rates where they were and said it still expected downward inflationary pressure from lower energy prices to prove temporary.
U.S. prices have risen 6.4 percent and Brent is up 8.5 percent over the last two sessions. They were looking firm even before the Russia news, on the back of a morning U.S. Energy Department report showing a surprise spike in demand for refined products like heating oil last week, when a massive blizzard hit the U.S. Northeast.
Heating oil futures HOc1 rose over 6 percent but gave up some gains after updated weather forecasts tempered the outlook for cold temperatures over the next two weeks.
The U.S. Energy Information Administration said inventories of distillates, fell more than 4 million barrels, trumping expectations for a rise of about 2 million. [EIA/S]
"The draw in distillate stocks is bullish, but we know there was cold weather in the United States in the last week, so I would say the reason behind the draw has something to do with the cold winter weather and, as such, the impact should be short-lived," Tamas Varga of PVM Oil Associates said.
The data also showed U.S. crude oil stocks hit their highest on record in the week to Jan. 22, due largely to increases on the U.S. Gulf Coast, a major oil hub.
That inventory surge helped fuel the rally instead of fanning worries about excess supply, amid relief it fell short of an 11.5 million-barrel build reported by the American Petroleum Institute late Tuesday. [API/S]
"I think we're in this mode where little things can set the market off into a reversal," Energy Management Institute analyst Dominick Chirichella said. "We're heading into a choppy trading period right now"
Still, after three U.S. energy companies said Tuesday they were slashing spending, the market is looking for additional U.S. production cuts to rebalance the oversupplied market
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