The world price of oil during trading on Thursday, down amid data from the U.S. Department of energy about the unexpected growth of stocks of “black gold” in the country, but also due to the strengthening of the dollar after the release of minutes from the April meeting of the …
Read More »Oil exports from Iran rose to its highest in four years
Oil exports from Iran in April was the highest since the beginning of 2012, amounting to 2.3 million barrels per day. This is 15 percent higher than the forecast of the International energy Agency (IEA), according to Reuters. In may, the country plans to supply 2.1 million barrels (in the …
Read More »In Russia can decrease the production of gasoline
Russian oil companies ready to cut production of gasoline. The volume of oil refining by the end of the year may be reduced by 10%. In addition, in Russia and risk does close down “inefficient” plants engaged in primary processing of raw materials. At least this is what most often …
Read More »The Finance Ministry predicted a new collapse in oil prices due to China
The slowdown of the Chinese economy could return oil prices to the levels seen in the beginning of 2016, that is, to 30 dollars per barrel. This was stated by Deputy Minister of Finance Maxim Oreshkin, reports TASS Friday, may 18. At the same time, Russia is less than all …
Read More »The head of “LUKOIL” predicted a rise in price of oil to $ 55
The price of oil in 2016 will be in the range of 45-55 dollars per barrel, and by the end of the year could exceed this threshold. About it as transfers TASS, said the head of “LUKOIL” Vagit Alekperov in an interview to television channel “Russia 24”. The reason for …
Read More »Oil production in Iraq will shrink
Iraq is the second largest oil producer in OPEC, recently greatly increased the volume of production and exports, however, this trend is coming to an end. Indeed, only since the middle of 2014, oil exports from the country rose to a new record, and the volume of production increased by …
Read More »Oil traders await new data from the US Department of energy
Oil prices reached in the early weeks of new highs, but with further direction to decide until I can’t. Maybe the traders dare to action today, when will be published data on reserves and production in the United States from the energy Ministry. In the meantime, his inventory was presented …
Read More »Bury the US shale business
On Tuesday, may 17 oil on world markets continued to rise, reaching a maximum in 2016 of values. The cost of July futures for Brent oil mix reached 49,23 dollars per barrel, WTI for the first time since November 4, 2015 exceeded $ 48 per barrel. However, the positive dynamics, …
Read More »CNN: the increase in oil prices will not save mining companies in USA
World oil prices recover, but too late to it could save mining companies in the United States, many of which are unable to cope with their debts, according to CNN. On Monday, a bankruptcy petition filed the second-largest oil company, the US — SanRidge Energy. According to CNN, her debt …
Read More »Analyst: oil will try to make a dash to $50 per barrel
The price of Brent crude oil may try to make a breakthrough in the area of $50 a barrel, analyst GK Forex Club Irina Rogova. She recalled that, “later today will be published data on oil reserves from the (American) Institute API”. “Last week they repelled an increase of 3.4 …
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