The world price of oil to the opening of trading on Tuesday fell more than 2.5% on the background of a gradual resumption of oil production at fields in Canada. The cost of July futures for Brent crude on the London ICE Futures exchange to 7.55 MSK increased by 0.2% …
Read More »Media: oil development dropped to 60-year low
The development of oil fields began to do significantly less than before, which led to a drop to the lowest in the last 60 years of the world development of new sites for the extraction of crude oil. This writes the Financial Times. According to consulting Agency IHS referenced …
Read More »Brent crude per day fell by three dollars
The price of Brent crude oil fell for a day at three dollars per barrel because of the change of the Minister of energy Minister of energy of Saudi Arabia and the situation with oil exports to Canada. This is evidenced by the trade data for may 9. At the …
Read More »Syrian air force deprived the militants of oil and gas in HOMS
Today Syrian air force carried out air raids in which it has been bombing positions of terrorists and their vehicles. According to a military source, the militants were traumatized because of their loss among people in their ranks are very high. In addition, all detected of military equipment of the …
Read More »The head of the Majlis called on the EU to impose sanctions on Russian oil
The Chairman of the Majlis of the Crimean Tatar people Refat Chubarov appealed to the countries of the European Union with a call to impose sanctions against Russian oil. He noted that due to the increasing pressure from Russia on the Crimean Tatars, it is necessary to involve the international …
Read More »Maersk poised for another collapse in oil prices
Almost a year ago when, after falling in early 2015, summer oil rebounded strongly. Within three months it was trading at around $60. Then once again, the U.S. resumed production, culminating in the fall in February to 13-year lows. At this point, there was a rebound, comparable to the level …
Read More »Iran increases oil exports
Iran’s oil exports will be equal to the level predicciones era in the near future. This was stated by the Iranian President Hassan Rouhani at the conference with participation of deputies of the newly elected Mejlis (Parliament) of the tenth convocation. “Oil exports will be equal to the level predicciones …
Read More »Saudi Arabia is not going to change oil policy
Saudi Arabia will continue the current policy in the oil sector. This was stated by the head of the Ministry of energy Khaled al-Faleh. “The Kingdom will remain with its stable policy in the fuel sector”, — he stressed. As reports RIA Novosti news Agency, al-Faleh noted that his country …
Read More »Saudi Aramco still ended up with a long-term contract with the poles
The company PKN Orlen, the Polish oil processing leader, has signed the first long-term contract with Saudi Aramco on a regular supply of oil. Under the terms of the agreement, which runs until the end of 2016, the Saudis will supply the poles 200 thousand tons monthly. The contract will …
Read More »Saudi king dismissed Minister of oil
The king of Saudi Arabia Salman bin Abdulaziz al Saud reshuffled the government and restructured a number of ministries, said channel “al Arabiya”. The Minister of petroleum and mineral resources Ali bin Ibrahim al-Nuaimi was fired from his post. The head of the new, restructruing, agencies – the Ministry of …
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