Oil

The Eastern shore of the Euphrates, where there are large deposits of black gold, currently under the control of the Kurdish radicals. Independently, the Kurds can not serve they have seized oil fields, since it does not have the necessary technological base. So they come to the rescue of an …

Royal Dutch Shell continues to get rid of assets, which considers unpromising. As reported, the Kazakh company PSA, Anglo-Dutch Corporation out of the project of development of the field of the Khazars in Kazakhstan. “NCOC consortium, whose shareholders are KazMunaiGas (of 16.88% stake), Shell, ExxonMobil, Total and Italian Eni (16.81%) …

The price of oil on 31 may for the first time since February 2019 fell below 64 dollars per barrel. The decline began a day earlier, when just a few hours the price has fallen from $ 70 to 64.5. By Friday, prices fell below 64, in total losing more …

Forces under the leadership of the United States blew up three oil tankers in Syria, as the United States increase its pressure on Syria, preventing the oil trade between the PKK / YPG and Assad’s regime, according to local sources cited by several media sources. The attack was carried out …

OPEC countries in October increased oil production, setting a new historical record in 33,643 million barrels a day, said the cartel in its monthly report on the state of the market. Compared to September, production volumes increased by 237 thousand barrels per day, compared with the first quarter – by …

The organization of countries-exporters of oil (OPEC) raised the forecast of world oil demand in 2017 to the end of the decade. In the cartel expect the lower prices stimulate consumption in the face of slowing economic growth. About it it is told in published on Tuesday, November 8, the …

In the oil market, Moscow is using the “honed in Crimea and Georgia,” the “technique of camouflage” – a military doctrine of deception, when you say one thing and do another, according to the Times. However, the article notes, even the most sophisticated lie will not help Russia to revive …

Low oil prices are not evidence of a crisis in the world oil market, it is now the new normal and you get used to it. This statement is contained in a new report the analysts of the International monetary Fund. He explained that the stabilization of prices in recent …

CEO of Saudi Aramco Nasser Amin believes that next year the price of “black gold” will rise. This is due to the restoration of balance in the commodities market. According to the expert, to increase the cost of oil will be in the first half of 2017. Nasser also believes …

Oil prices are falling. This is according to electronic trading on the London and new York exchanges. On London’s ICE Futures exchange futures for Brent crude oil with delivery in January has decreased on 0,77%, to $46,50 per barrel. On the new York Mercantile exchange (NYMEX), the December futures for …