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IG sells Turkey oil at 12 dollars a barrel

IG sells Turkey oil at 12 dollars a barrel 05:4224.03.2016 Judging by the documents kept at the disposal of the RT, the oil trade with Turkey was carried out on an industrial scale. The shipment was from fields Kabiba, Rajura, Makhoul and al-kheir. © Photo: RT http://cdn14.img22.ria.ru/images/139569/29/1395692925.jpg” data-preview=”http://cdn11.img22.ria.ru/images/139569/29/1395692922.jpg” data-description=”Documentation of …

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The price of oil fell below 41 dollars per barrel

The price for Brent crude during trading on London’s stock exchange fell by 2.6 per cent to 40.7 per barrel. Texas mark WTI fell by 3.2% to 40,16 dollars per barrel. This is according to the trading platform. Price reduction occurs on a background of growth of industrial stocks of …

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Production of a barrel of oil costs Russia $ 2

A lot depends on the Deposit type and cycle of exploitation of mineral resources Deputy Minister of energy Kirill Molodtsov said that Russian companies spend for extraction of one barrel of oil about two dollars. The Russian oil industry “feels confident” even in conditions of low prices for “black gold”, …

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Media: export duty to zero

The government intends to accelerate the tax maneuver is to zero the export duty, raise met and to introduce excise duty on crude oil. The Ministry of energy today discusses the reform of oil industry taxation. Among the options to reduce export duty to zero, maybe in the near future, …

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Oil reserves in the US put pressure on prices

Oil prices have no way to determine further movement. On Tuesday, the message from OPEC was pushing quotes upward, however, data from the American petroleum Institute changed the mood of the players, and today oil is getting cheaper. As of 7:40 Moscow time futures on Brent blend is reduced by …

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Russia in January cut oil exports by more than 13%

Oil exports from Russia by the end of January 2016 fell by 2.3% yoy and by 13.4% in December 2015, amounting to 19.2 million tons. Such data results the Federal service of state statistics (Rosstat). During the reporting period, for processing in Russia came to 23.9 million tonnes of oil, …

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