Oil

The world’s largest oil traders do not expect any improvement in the oil market in the next 12 months. To such conclusion came after a Bloomberg poll of participants of the annual Asia-Pacific petroleum conference in Singapore. As it turned out, 14 of the 15 major oil traders and executives …

The price of November futures on Brent North sea auction on Thursday, September 8, broke the mark of $50. According to the London exchange ICE, 21:21 GMT the price of Brent reached $50,12 per barrel. Then, however, was followed by a slight rebound, as of 21:30 Moscow time Brent is …

On the new York Mercantile exchange recorded an increase in the futures price of light crude oil with delivery in October 2016. The price increased by $0.67 and $45,50 per barrel at the end of the trading session. At the same time, the futures price for gold with delivery in …

Indian authorities expect to stop importing oil by developing vehicles on alternative energy sources. This was stated by transport Minister Nitin Gadkari. “We will develop this country to import oil became zero. We promote alternative energy sources such as ethanol, methanol, bio-LNG (liquefied natural gas produced using biotechnology — ed.). …

The administration of U.S. President Barack Obama intends to allocate an additional 1.5-2 billion dollars on the infrastructure to store reserves of oil. On Wednesday, September 7, Reuters reports. Proposal sent for approval to Congress. The funds will be received from the sale of strategic oil reserves, said the Agency. …

In January-July 2016 revenue from Russian oil exports fell 30 per cent to 39.4 billion, compared with 56.2 per billion over the same period last year. On Wednesday, 7 September, reported the Federal customs service (FCS). In physical terms, foreign deliveries for seven months of the year grew by 5.6 …

“Gazprom” has invited the Chinese CNOOC to participate in the development of oil fields on the Russian shelf, reported “Interfax” the head of “Gazprom Alexey Miller. “As for oil – we’re considering this possibility (cooperation of “Gazprom” and the Chinese company for the development of fields – if) such offers …

Bahrain supports the agreement between Russia and Saudi Arabia to stabilize the oil market reached at the G20 summit. This was stated by Minister of foreign Affairs Khalid bin Ahmed bin Mohammed al Khalifa, reports TASS. “Very pleased that two large countries-oil exporting country reached agreement. We support that with …

Oil prices reach $ 100 per barrel by 2024, after the establishment of market balance. This opinion was expressed by Director of consulting at IHS in Russia Maxim Nechaev, reports video News Service on Tuesday, September 6. According to him, the increased cost of raw materials will be associated with …

The Cuban Council of state appealed to Russia with a request to establish a systematic supply of oil at Liberty Island. According to news Agency “Interfax”, to appeal personally to Vladimir Putin made the head of the state Council of Cuba Raul Castro. The report says that Havana is interested …