Oil

Ukraine in January—July 2016 imported oil products for $1,609 billion, 26.4% less than in the same period last year. According to the State fiscal service. According to the Agency, more than 60% of the total imports of petroleum products to Ukraine fell on Belarus — $1,023 billion. In second place …

A number of OPEC countries, including Venezuela, Ecuador and Kuwait, want to revive the idea of freezing oil production, reports the WSJ, citing several sources. The proposal to freeze production can be done as the OPEC countries and States outside the cartel, such as Russia. One source notes that the …

Russia’s revenues from oil exports in January—June 2016 declined by 31.5% compared to the corresponding period last year and totaled 32,929 billion dollars. These are the data of the Federal customs service (FCS) of the Russian Federation. Export to far-abroad countries amounted to 115,878 million tons against 109,199 million tons …

Rosneft expects to reach total shipments to China by 2038, more than 800 million tons Russia is undermining the position of Saudi Arabia in the market of oil supplies to China. From may 2015 the delivery of Russian oil to China, which is the world’s largest energy consumer exceeded monthly …

The price of October futures for Brent crude fell today to $43,88 per barrel. As for the cost of WTI crude oil, today it fell to $of 41.55 per barrel. As of 8 am Moscow time, the price of Brent crude oil fell by 0.93% to $43,88 for a barrel …

Oil instability: in just two trading session quotes of “black gold” soared to 6%, although this dropped by 20%. The drivers are each time totally different: this can be someone’s statements, forecasts or statistics. Experts, it seems, do not quite understand what was going on: some predict a further decline, …

The economy of Saudi Arabia stabiliziruemost, after the government has implemented key reforms to overcome the financial and economic crisis due to falling oil prices. Over the past two years, Saudi Arabia has reduced energy subsidies, public spending and started to look for new ways to increase revenue outside the …

The world price of oil during trading on Friday once again began to decline, exacerbated fears of an oversupply of raw materials on the market. As 07.48 GMT the cost of October futures for North sea petroleum mix of mark Brent has decreased on 0,99% – to 43.85 dollars per …

Why is the price of black gold will collapse to $ 35 The price of oil over the past month fell more than 20 percent. Analysts say that a further decline of quotations will be a clear indication of the dominance of the “bear” sentiment in the market when prices …

The oil market is trying to recover from another failure. The reason for optimism was based on data on stocks from the American petroleum Institute, which recorded a reduction of stocks of oil and, most importantly, gasoline. Total commercial crude oil inventories decreased by 1.34 million barrels, stocks at the …