Saudi Arabia was ahead of Russia in oil production in January 2016 by 0.49% from the Joint Organization Data Initiative (JODI). Last month, oil production in Saudi Arabia amounted to 10.23 million barrels per day, and in Russia — is 10.18 million barrels a day, according to RNS. In addition, …
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Deputy Prime Minister Arkady Dvorkovich has recommended to “Gazprom” and “Tatneft” to suspend fuel supplies to Belarus, reports on Thursday, March 17, Interfax with reference to the minutes of the meeting of the government Commission on fuel and energy complex (FEC). The Deputy head of the government asked to provide …
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In the course of trading on the London stock exchange ICE cost of Brent crude oil rose above 41 dollars per barrel. Quotes increased to the daily high of around 41.43 per barrel. This is according to the trading platform. The price of oil continues to rise after the publication …
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The price of oil may exceed the end of the year $60/bbl in the case of achieving at the meeting on 17 April in Qatar agreement on the freezing of production between Russia, OPEC and non-cartel producers. As at 18.01 GMT on 16 March, the value of may contracts for …
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Proved oil reserves in Russia will last for 28 years, they will be depleted by 2044 year. About it in interview to “Rossiyskaya Gazeta” said the head of Ministry of environment Sergey Donskoy. He stated that recoverable oil reserves amount to 29 billion tons. Don emphasized that these quantities can …
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In the oil market on Wednesday, there is a favorable news background:-exporting countries finally confirmed the date and place of the meeting, the U.S. reduced the volume of production, and the fed was surprised by an unexpectedly soft projections on the rates. The day was ended the growth of quotations …
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The price of oil may exceed the end of the year $60/bbl in the case of achieving at the meeting on 17 April in Qatar agreement on the freezing of production between Russia, OPEC and non-cartel producers. As at 18.01 GMT on 16 March, the value of may contracts for …
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Commercial oil stocks in the USA last week increased by 1,317 million barrels and reached 523,178 million barrels. Such data contains in the report of the Ministry of energy of the country. Meanwhile, experts interviewed by Bloomberg, expected increase of oil reserves of 3.2 million barrels, according to “Finmarket”. According …
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Countries-oil exporters are concerned about the current situation on the world energy market and is ready to seek a compromise solution. This opinion was expressed analyst GK Forex Club Irina Rogova. She recalled that “today, the Brent crude oil got support on the background information about what oil-producing countries will …
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The energy Ministry supports the freezing of oil production by the end of the year, but clear agreements between oil-producing countries on this issue yet. As reported RIA Novosti, said the head of the Ministry Alexander Novak. “There is no clear deadline. We are in the month of April [at …
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