The past six months, experts around the world are trying to find the answer to one question: whether country-the oil producers to agree to reduce its production? Co-owner of new York’s Again Capital John Kilduff told about his vision of further developments in the oil industry, Vesti.Economy. According to experts, …
Read More »OPEC countries boosted oil production to record level
In October, the Organization of countries-exporters of oil (OPEC) has increased oil production to a record 34,02 million barrels per day. Compared to September, production grew by 170 thousand barrels a day. On Wednesday, November 2, reported Bloomberg, citing its own data. So, Saudi Arabia has cut production last month …
Read More »The price of oil fell below $ 47 per barrel
The price of Brent crude oil fell below $ 47 per barrel for the first time from 28 September 2016. This is evidenced by trading Intercontinental exchange ICE. Oil has accelerated the decline against the background of data about fuel stocks in the United States, which increased during the week …
Read More »Astana does not intend to limit oil production at Kashagan
Regardless of agree or not agree the country-oil producers to reduce production volumes are no restrictions on the largest in Kazakhstan’s Kashagan oil and gas field will not. It was declared to journalists by Minister of energy of the Republic Kanat Bozumbayev. “The question of restriction of output at Kashagan …
Read More »Waiting for oil at $40
The head of OPEC States that the cartel countries and independent producers are ready to conclude a final agreement on limiting oil production. However, the market did not believe him — on a barrel of oil fell $1, breaking below $48. At Goldman Sachs believe that, if agreement is not …
Read More »Oil fell below $ 49 per barrel
The price of Brent crude oil fell below $ 49 per barrel. This is evidenced by the Intercontinental exchange ICE. In recent times quotes Brent fell below $ 49 per barrel on September 27 this year. October 31, as at 18:00 Moscow time the cost of the December futures for …
Read More »Russia oppresses the Iranian oil
For Russia, the export potential of Iranian oil in the near future will be reduced significantly Aleksey Topalov Shutterstock Iran continues to increase oil exports and could increase its production to 5 million barrels per day. In any case, technical capability the Iranians have and the market conditions, according …
Read More »Oil from Azerbaijan to Belarus: expediency or political bargaining?
Belarus has bought a batch of Azerbaijan’s oil delivery via Ukraine. According to information published on the official website of the Odessa seaport, last week I arrived at the port with a tanker and 84.7 tons of Azerbaijani oil destined for the Mozyr oil refinery. In the company “Belneftekhim”, which …
Read More »Technical OPEC meeting ended without a final decision on quotas
Will be held on Friday, October 28, a technical meeting of representatives of OPEC in Vienna, the final decision on the oil quota has not been developed. About it as transfers TASS, said one delegate after the meeting. “Not reached”, — he told, answering a question about the meeting, which …
Read More »The Ministry of Finance refused to increase government spending even with high oil prices
Expenditure obligations of the Russian budget cannot increase even with the growth of oil prices. On Friday, October 28, said Finance Minister Anton Siluanov, reports TASS. “We believe that even if you improve the appearance will occur in the first place [rise] in oil prices. We here in no event …
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