Oil

Russian President Vladimir Putin said that the current oil price on the world market is beneficial for Russia, but it is not fair. According to him, oil prices could be a little higher, but the threats to the Russian economy, the budget is drawn up based on price of $40 …

Saudi Arabia sees no need to freeze oil production. On Monday, September 5, said the Minister of energy, industry and mineral resources of the Kingdom, Khalid al-falih after signing the agreement with Russian energy Minister Alexander Novak, according to Bloomberg. According to the Minister, frost is one of the preferred …

Chairman of the state Council and the Council of Ministers of Cuba Raul Castro appealed to President of Russia Vladimir Putin with a request to establish a stable supply of oil and petroleum products to the island. On Monday, 5 September, reports “Interfax” citing a source familiar with the text …

Russia and Saudi Arabia signed a joint statement to stabilise the oil market. On Monday, 5 September, reports “Interfax”. A statement signed during the G20 summit in Hangzhou with the Chinese head of the energy Ministry of Russia Alexander Novak and Minister of energy, industry and mineral resources of Saudi …

For the Prime Minister of India Narendra modi is becoming increasingly difficult to simultaneously maintain close ties with the US and Russia. Since the inauguration, the Prime Minister in may 2014, modi tried a different shape the foreign policy of the country. He had taken various measures to build India …

The government of the U.S. state of Oklahoma after the earthquake, has declared a state of emergency in the County of Pawnee and demanded to preserve the 37 wells for waste water, used by local oil and gas companies. Reported by the Associated Press. Tremors of magnitude 5.6 were with …

Russia is open to proposals for oil and coherence with other producers, said Russian energy Minister Alexander Novak. “We maintain the position that our door is always open, in terms of issues relating to monitoring, coordination of action, because the situation in the markets is still difficult. And over the …

Russian President Vladimir Putin confessed to Bloomberg that he was wrong when he talked about the effects of lower oil prices. The text of the interview published on Friday, September 2, on the Kremlin website. According to the journalist of the Agency of John Micklethwaite, in 2014, Putin claimed that …

Everyone knows the story. Saudi Arabia in mid-2014 decided not to cut supplies, causing a strong fall in prices. This step of Riyadh leads to the beginning of the oil war. Some by the spring of 2015, believed that the worst was over, but they were wrong. Another crash caused …

For most oil producers, the current level of oil prices is quite comfortable. Even the US, which is $50 — the threshold of profitability is gradually restore production. But a number of countries with a situation do not. For Russia, as the manufacturer, the current price is acceptable: the country …