Oil

The Central Bank of Russia decided to leave its key interest rate unchanged after a small decline in June, as a weaker ruble increased the likelihood that inflation will exceed the target level next year amid uncertainty in matters of wages and budgetary policies. The key rate remained at 10.5 …

Fluctuations in oil prices are only interested in one-third (32 percent) of Russians, although 68 percent of people in the country recognize that this factor seriously affects the economy of the state. This is according to the survey of Fund “Public opinion”, the results of which on Saturday, July 30, …

Oil production in OPEC countries is likely to reach the maximum amount in recent years, said the results of the study to Reuters as Iraq ramps up production of black gold, Nigeria could export the additional volumes, despite rebel attacks on oil facilities. Leading OPEC exporter Saudi Arabia has kept …

Net profit (RAS) of the us oil giant ExxonMobil in the first half of 2016 has decreased 2.6 times compared to the same period last year. So she made up 3.51 billion, says the company, which leads PRIME. Diluted earnings per share amounted to 0.84 2.17 dollar against the us …

Iran plans to reach the pre-sanctions level of oil production after 2-3 months. This was stated by the Minister of communications and co-chair of the intergovernmental Russian-Iranian Commission on trade-economic cooperation Mahmoud Vaezi, according to Reuters. According to him, the Islamic Republic now produces 80 percent of the specified indicator. …

The balance of supply and demand in the oil market is delayed, it will occur approximately in the middle of next year. On Friday, July 29, Minister of energy of Russia Alexander Novak, reports TASS. “The last negotiations [oil producing countries] was in April, today we have not discussed these …

The Ministry of economic development reported stop the economic decline in Russia in June, the GDP decreased to zero level. The head of the MAYOR Alexei Ulyukayev predicts a rise from next month. “The economic performance of Russia’s GDP is showing positive indicators,” said BAFS “the Economy today” the Director …

The return of oil price to 35-40 dollars for barrel is possible only in the case of a global recession or a big shock of an event that will lead to a sharp increase of supply on the market. Such an event can be, for example, full load of production …

The price of Brent crude oil fell below $ 43 per barrel for the first time since April 20, 2016. According to 12:50 Moscow time, a barrel of standard grade gave 42,99 USD. This is evidenced by data the London exchange ICE. Oil continues to become cheaper after the publication …

The Ministry of Finance and the Ministry of energy have reached conceptual agreement on the reform of the taxation of the oil industry and the transition to collecting added tax income (JPM), write “sheets” referring to the two negotiators. Previously, the Ministry could not agree on the transition to adopt …