The US surpassed Russia and Saudi Arabia in recoverable oil reserves: 264 billion, compared to 256 billion and 212 billion barrels, respectively. It follows from the results of the analysis of about 60 thousand oil fields that the Norwegian consulting company Rystad Energy has conducted in the past three years, …
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Prices for oil are decreasing second day in a row. A barrel of Brent oil dropped below $50. The mood of traders was affected by several factors. Saudi Arabia for the first time since February of this year has lowered output prices for the U.S. and Asia. We are talking …
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Saudi Arabia has decided to reduce the official selling price of oil for August for the Asia and the USA. As reported by Asharq Al-Awsat with reference to the state oil company Saudi Aramco, in the key Asian market the most common Arab Light grade will sell for 40 cents …
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The price of OPEC oil basket on Friday, July 1, decreased by $0.85 and or 1.83%, to $45,42 per barrel, whereas in the previous trading day it was us $of 46.27 per barrel, the materials on the website of the cartel. The term “basket” of OPEC (OPEC Reference Basket of …
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World oil prices continue to rise during today’s trading after the comments of the Minister of energy, industry and mineral resources Saudi Arabia Khalid al-falikha that the market of “black gold” is on the way to equilibrium, however, the slowdown in demand in Asia continues. As of 13:48 GMT the …
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In the first half of 2016, Russia increased its oil exports by 4.9 per cent to 5.55 million barrels a day compared with the same period last year. Relevant data led the Ministry of energy. Thus, the exports this year may be a record for Russia, writes Bloomberg. While oil …
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The world oil market moves towards balance, and prices have become regulated. To such conclusion the Minister of energy, industry and mineral resources Saudi Arabia Khalid al-falih and elected OPEC Secretary General Mohammed Barkindo. During the meeting in Dhahran in Saudi Arabia, they discussed the role of the cartel in …
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The Minister of energy of Saudi Arabia Khalid al-falih, as well as newly elected OPEC Secretary General Mohammed Barkindo said the global oil market is nearing balance, Reuters reports. It is noted that such a conclusion al-falih and Barkindo made during the meeting, which was held in the Saudi city …
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Russian oil exports in January – June 2016 has increased compared to the same period last year by 5.9%, to 127,854 million tons, follows from the data of the Central Supervisory control energy (CDU TEK). In particular, in June the export made $ 20,614 million tons. In particular, for the …
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Head of the Central Bank of Russia Elvira Nabiullina said that oil prices will rise slightly, and the forecasts that the Russian economy should focus not on them but on progress in structural reforms. The announcement was made at the International financial Congress in St. Petersburg. Indeed, a direct link …
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