Oil

Auditing and consulting company Ernst & Young (E&Y)predicts growth in the number of transactions in the oil and gas sector in 2016 after falling 33% in 2015. This is stated in the report of the Global oil and gas transactions review 2015. As noted by E&Y, in 2016, the industry …

Oil imports to China in February rose by 20 per cent in annual terms and reached a record volume for all time of observations. About it reports Reuters with a reference to the data of customs statistics. By the end of the month first place among oil exporters in the …

The Russian economy of chronic investment hunger, and with certain reservations, now repeats the situation of the 90-ies.   Kommersant Photo/Maksim Kimerling 2016 – the fourth year of investment decline in Russia, which began even before the sanctions and oil collapse. Economists talk about a second account after 90 years, …

New opportunities of Russian fuel and energy complex Since the 70-ies of the last century, when they discovered the largest deposits of hydrocarbons in Western Siberia oil industry is the flagship of the Russian economy. Now this segment is under considerable pressure, linked to falling oil prices and anti-Russian sanctions …

Oil prices start week with slight decline. External background remains virtually unchanged, so we need to track new messages. As of 8:00 Moscow time quotations of grade Brent traded at $40,88 per barrel, WTI is $40,66. Note that the April futures for U.S. crude expires today and all the activity …

Oil prices go down on Monday amid stronger dollar, as well as after the publication of data on the growth in the number of working drilling rigs in the U.S. that may be a sign that the expected significant reduction in raw material extraction in America may not happen. Quote …

The Saudi authorities want to abandon oil as the main source of income and energy source and are planning to focus on renewable energy, specifically solar power plants. This was stated by the Minister of oil of Saudi Arabia Ali al-Naimi, reports Bloomberg. The official explains rejection of the oil …

Adjustment of the Russian economy to the low level of world commodity prices this year will continue, I believe in the Central Bank of the Russian Federation. Earlier on Friday, the Board of Directors of the Bank of Russia took a decision to maintain the key rate at 11% per …

Head of representative office in Iraqi Kurdistan in Moscow invited Russian oil companies to extract oil in their region in Iraq. He said that local Kurds are ready to make every effort to ensure their safety and guaranteed timely payments. Iraqi Kurds expect to increase oil exports from region, urging …

The decision to ban Gazprom and Tatneft to supply Belarus with oil products due to the emergence of another scheme withdrawal of some Russian companies from withholding taxes. This opinion was expressed on 18 March EADaily Belarusian political analyst Nikolai Radov. We will remind, on March 17 in the Russian …