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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.

Oil rose on expectations data US Department of energy

World oil prices are rising on Wednesday amid data from the American petroleum Institute (API), speaking about reduction of oil reserves in the country and pending statistics, US Department of energy, according to the auction. As at 08.10 GMT the cost of July futures for North sea petroleum mix of …

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Oil fell on the stronger dollar

World oil prices decline on Tuesday under pressure from a strengthening dollar and investors ‘ expectations data on stocks of energy resources in the United States from the American petroleum Institute (API), according to the auction. As at 07.21 GMT the cost of July futures for North sea petroleum mix …

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Bashneft may accrue to buyer without oil

Last week the President of Russia Vladimir Putin has signed the decree about an exception of “Bashneft” from the list of strategic assets, authorizing the privatization of 50 percent shares of the company. While the structure of a future transaction is not defined, the contenders are lining up, and the …

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Goldman Sachs improved the Outlook for oil prices

Experts of American investment Bank Goldman Sachs raised its forecast for the average price of Brent crude oil in 2016 to $ 45 per barrel. Earlier they believed that a reference variety is going to cost $ 39. On Monday, may 23, reports TASS with reference to Bloomberg materials. At …

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