Oil

Libya has refused to participate in the meeting of oil producers, which is scheduled for April 17 in the capital of Qatar. Libya’s representative to OPEC explained this decision by saying that Libya intends to increase oil production, when she will allow it, reports “Interfax”. Before the fall of the …

The cost of oil production in Russia is on average $2 per barrel, said in an interview to “Rossiyskaya Gazeta”, the Deputy Minister of energy of Russia Kirill Molodtsov. “The average production cost of a barrel of Russian oil is about $2. The cost of producing hard-to-recover and offshore reserves …

The energy Ministry of Russia has received the invitation of Qatar for a meeting of oil-producing countries in Doha on April 17. It is reported RIA Novosti with reference to the representative office. “Got the invitation, we are planning to participate,” — said the Agency interlocutor. 17 April in the …

In the first month of 2016 Russia overtook Saudi Arabia for volume of extracted oil. According to Rosstat, the day was made almost 10,46 million barrels. Now the oil-producing States are discussing the possibility of freezing the oil and gas producers throughout the year at the January level in order …

All members of the Organization of countries-exporters of oil (OPEC) has received an invitation to a meeting in the Qatari capital Doha, which will be dedicated to frozen oil. About it reports Bloomberg. The Secretary General of OPEC Abdullah al-Badri said that not all the invited members of the cartel …

Why only one drilling rig in the U.S. stopped growing ruble The ruble showed a steady growth last week, again losing ground. The dollar retreated from a minimum this year of values up to $ 68,80 of the ruble. The Russian currency weakened amid falling oil prices. The situation changed …

If half a billion barrels, which reported the International energy Agency, has never existed, we can expect a sharp increase in oil prices What would happen with the oil market, if all commercial stocks of oil in the U.S., amounting to approximately 500 million barrels, suddenly disappeared? This is not …

Undoubtedly, the ongoing slowdown of China’s economic growth is causing far-reaching consequences in the global economy. However, the role of “Chinese factor” in the collapse of commodity prices, which occurred in the second half of 2014 and dealt a devastating blow to the economies of commodity exporters, is highly overrated. …

Oil prices are little changed Tuesday morning, Brent is trading above 41 dollars per barrel after OPEC forecasts of the management of the growth of prices on these raw materials to “acceptable” levels, reports Bloomberg. May futures for Brent crude on London’s ICE Futures exchange to 08.00 Moscow time has …

  THE OIL WAR. In the USA again earned the well of shale oil In U.S. shale companies began to resume oil production on wells that had previously been frozen, threatening overstocked the market with new supply and questioned the steady increase of pricesAccording to Reuters, some U.S. shale companies …