World prices for “black gold” on Thursday morning are trading mixed in electronic trading on the London and new York stock exchanges. Futures for oil Brent with delivery in July on London’s ICE Futures exchange was strengthened by 0.32% to $48, 97mm per barrel. June futures for light oil WTI …
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Saudi Arabia considers an opportunity to support the establishment of limitation of the level of oil production, if it will amount to 32.5 million barrels per day. It is reported RIA Novosti with reference to the media. In mid-April in the Qatari capital Doha, the negotiations were held between the …
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OPEC members will revive the idea of maintaining a certain level of production during the talks behind closed doors on the eve of the formal meeting. Of this, Saudi Arabia requires to raise the maximum level of production. The Wall Street Journal, with reference to the delegates of the countries-OPEC …
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Saudi Arabia has been fighting with other OPEC members, since the fall in oil prices two years ago. And soon the Kingdom will be able to prove that his strategy to oust competitors from the market quite successful. Squeeze all the key players, the Saudis were able to almost completely …
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The countries-OPEC members at the meeting on 2 June in Vienna to discuss the situation in the oil market, the possibility of freezing the production and will choose a new Secretary-General. On Wednesday, June 1, reported RIA Novosti citing a source in one of the delegations. “The first question — …
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The average price of Urals oil in January-may of 2016, totaled 36,01 per barrel. On Wednesday, June 1, said the Ministry of Finance. In January-may last year, the average price of this grade of oil equal of 56.05 per barrel. Thus, the price fell by 36 percent. The average price …
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Oil production by member countries of OPEC in may decreased due to militant attacks on oil companies in Nigeria. About it reports Reuters, citing its own research. According to him, overall production was down to 32.52 million barrels per day of 32.64 million barrels a day in April. While in …
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World oil prices decline on Wednesday as investors fear the increase of quotas for oil production by member countries at the OPEC meeting in Vienna, according to the auction. As at 06.59 Moscow time the cost of the August futures for North sea petroleum mix of mark Brent has decreased …
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The most likely candidate for the post of Secretary-General of the Organization of countries-exporters of oil (OPEC) is the representative of Nigeria, the former head of the state oil company NNPC, Mohammed Barkindo. On Tuesday, may 31, Reuters reported, citing its own sources. At the upcoming meeting in Vienna, which …
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The increase in oil prices on world markets in 2016 has become the longest in the last five years, growth was observed for four consecutive months. This writes the Agency Bloomberg. Compared to 12-year low reached in February, oil prices increased by 85 percent. This jump is explained by the …
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