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Oil: Stay updated on the latest oil industry news, trends, and analysis on JMN.info’s ‘Oil’ section. Explore insights shaping the global energy market.

Ruble rid of oil. Stormed one-year highs

On without oil. Correlation between the Russian currency and the price of “black gold” in recent years, is rapidly declining. Cheaper barrel, and the ruble, on the contrary, strengthened. And while analysts get used to the new reality, the Euro on the Moscow stock exchange fell below 70 rubles, and …

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Analysts saw the risks of oversupply of oil in the world

The probability of oversupply of oil on the world market remains, this is indicated by global data mining, it follows from the analytical review of Sberbank CIB. Since the beginning of summer, the number of drilling rigs in the US increased by 6 units and the total number increased to …

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Saudi Arabia will create the world’s largest fleet of oil

The Bank Apicorp (Arab petroleum investment Corporation) and the national shipping Corporation of Saudi Arabia Bahri will form the investment Fund of $ 1.5 billion to increase oil fleet of the Kingdom to 61 large tankers. On Monday, July 18, Bloomberg reported, citing Minister of energy of the Kingdom Khaled …

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Bloomberg has called for the price of oil to reform in Russia

If a barrel of Brent crude will drop to $ 40 or below, it will be an incentive for reform in Russia and destabilizie the country’s financial system. To such conclusion economists surveyed by Bloomberg. The Agency reminds that at low oil prices, Russia introduced a flat tax scale created …

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The attempted coup in Turkey had an impact on the oil market

Due to the strategic position of Turkey on the paths of oil supply coup attempt in the country has not passed without consequences for the world market of raw materials. Prices for black gold major brands of West Texas Intermediate and Brent rose by about half a dollar per barrel, …

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When you fire at an oil company in Ufa killed workers

In Bashkiria there was a fire at the refinery “Ufaneftekhim”, RIA “Novosti”. A law enforcement source said that one of the employees died on the spot, three died in the ambulance. In turn, the Agency “Interfax” the press service of EMERCOM in the Republic of Bashkortostan reported that during extinguishing …

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The export duty on Russian oil will drop by 6%

The export duty on oil from August 1, 2016 will decrease by 6% to $90,1 per ton, compared to $95.9 per month, follows from the materials of the Ministry of Finance of the Russian Federation. As pointed out by the Ministry of Finance, the average price of Russian export oil …

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Oil fell after rising on Thursday

The world price of oil during trading on Friday resumed its decline after growth on Thursday. Septembers ‘ contractual price on Brent oil on the London stock exchange to 7.48 MSK fell by 0.30 per dollar (0.6 percent) – of 47.07 per barrel. The quotation of futures for oil WTI …

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Traders are hoarding oil in the North sea

Oil traders increased the fleet of ships stationed in the North sea to store crude oil. This is another sign of weak demand, which led to the accumulation of the largest reserves in the sea since 2009. Nine tankers carrying some 9 million barrels of basic grades of oil in …

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