Oil

Oil as a whole remains rather pessimistic mood. The market still lives by concerns about excess supply on the world market, analyst GK Forex Club Irina Rogova. “Besides, it became known that Saudi Aramco is the largest oil exporter in the world, announced a price reduction on brand of raw …

In January-July of 2016 oil production in Russia increased by 2.1 percent compared to the same period last year — up to 315.8 million tonnes. About it on Tuesday, August 2, informs “Interfax” with reference to data of the Central dispatching management of energy. While Russian oil exports to non-CIS …

Iran will consider a proposal of Ukraine on the possible transit of Iranian oil through the Ukrainian oil pipeline system in Slovakia and the Czech Republic, said the Minister of oil of Iran Bijan Zanganeh. As the “Interfax-Ukraine”, a statement he made yesterday following talks in Tehran with the head …

Three of the five largest oil companies failed to achieve the targets for net profit for the first half and second quarter of 2016. It is reported Bloomberg. Of the five oil giants — ExxonMobil, Chevron, Royal Dutch Shell, BP and Total — only indicators Chevron and Total are in …

The cost of Brent crude during trading on London exchange ICE fell below $ 42 per barrel. As of 19:50 MSK barrel of standard grade was worth 41.7 per dollar, it fell more than a cent, compared to the end of session on 1 August. The price of U.S. WTI …

Libya plans in the next two weeks to increase oil production from the current 400 thousand barrels per day to 550 thousand, and by the end of the year to increase this figure up to 900 thousand barrels. About it writes The Wall Street Journal, citing the Libyan National oil …

Press Secretary of the President of Russia Dmitry Peskov said that Rosneft might participate in the privatization of “Bashneft”. “They have the right to apply. The seller is entitled to take its decision”, — quoted Peskov media. However yesterday Vice-Premier of Russia Arkady Dvorkovich disseminated through its press office statement …

Oil prices have moved from growth to decline, as excess inventories of crude oil and refined products in the world continues to put pressure on prices. About it reports MarketWatch. So, the price of October futures for Brent crude on the London ICE Futures exchange to 14:10 Moscow time fell …

OPEC gave way to tie – their first in almost 10 years. Today the new Secretary General of the Organization of countries-exporters of oil will be the Nigerian Mohammed Barkindo. Recently once one of the most powerful organizations in the world began to lose their positions and were only internal …

From 1 August 2016 the duty on Russian oil exports decreased by us $5.8, accounting for 90.1$ per ton, RIA “Novosti”. The export duty on high-viscosity oil fell to $10.9, straight-run gasoline to $63,9, gasoline — up to $54,9. Duty on other light oil and lubricating oil decreased to $36 …