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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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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