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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 …

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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 …

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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 …

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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 …

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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, …

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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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