The Russian oil production in March rose 0.3% and amounted to $ 10,91 million barrels per day, thus approaching the 30-year record. Energy Department data show that in March produced 46,196 million tons, compared with 43,064 million in February. This is an absolute record for monthly production. The increase in …
Read More »
The Iranian oil Minister Bijan Zanganeh on Saturday declared that can take part in the negotiations of the countries-oil producer, which will be held on 17 April in Doha, but Iran at the moment is not going to freeze the oil and suspend the export of oil resources of the …
Read More »
The oil Minister of Iran stated that his country is not going to give up their share of the oil market. Bijan Zanganeh also added that he definitely will attend the meeting of oil producers in the capital of Qatar — Doha, provided that it will at this time. The …
Read More »
This result demonstrates how powerful remains the world’s largest oil exporter, despite growing competition from U.S. shale producers and other countries rich in oil. In February, Saudi Arabia agreed to join Venezuela, Qatar and other non-OPEC countries in relation to the freezing of oil production at the January level. The …
Read More »
Among oil-producing countries already have been discussions about reducing the volume of extracted oil. Such measures are necessary for the resolution of global energy prices, particularly for oil. Long negotiations did not lead to any results. The country’s cartel “OPEC”, apparently, relied on self-stabilization of the price level and categorically …
Read More »
The Ministry believed in iridescent prospects of the Russian economy The Ministry of economic development of Russia made a new forecast for the next four years is moderately optimistic. It is expected gradual economic recovery, rising oil prices, slowing inflation, stabilizing the budget and increasing incomes. Not all agreed with …
Read More »
Oil prices continue to decline after the statement of Saudi Arabia Prince Mohammed bin Salman, the Kingdom will not freeze the prey up until the same step will not do Iran. According to 16:20 Moscow time, a barrel of Brent crude oil fell to 38,74 USD. The price fell more …
Read More »
Saudi Arabia is ready to freeze the oil only if similar measures will be Iran, according to Bloomberg. This was stated by the second crown Prince of Saudi Arabia Mohammed bin Salman. Against this background, there was a drop in oil prices. The cost of Brent crude on the ICE …
Read More »
Saudi Arabia is preparing for “the twilight of the oil age.” On Friday, April 1, in an interview with Bloomberg said Prince Muhammad bin Salman. The representative of the Royal family announced that the country plans to create a sovereign Fund with a volume of two trillion dollars. The money …
Read More »
The world prices for oil during the auctions on Friday have gone down on the background data about the growth of fuel production in the world and the increase in supplies in the U.S. market. Price of the may contract for Brent crude on London’s ICE Futures exchange to 7.31 …
Read More »