Moscow and Riyadh are not agreed on the withdrawal of Russian troops from Syria in exchange for cooperation in the oil issue. This was announced by the Minister of foreign Affairs of the Kingdom, Abdulaziz al-Jubayr, his words are reports Reuters. “As far as I know — I think I’m …
Read More »The meeting of the countries-manufacturers of oil can pass 17 April in Doha
The meeting of member countries of OPEC and of the oil producers can pass on 17 April in Doha, capital of Qatar. In mid-February of the current year in the Qatari capital Doha, Ministers of oil of Saudi Arabia, Qatar, Venezuela, included in OPEC and Russian energy Minister Alexander Novak …
Read More »Export duty on Russian oil will increase by 39%
Duty on oil exports from Russia from April 1, 2016 increased to $15.4, or 39%, to $54,9 per ton from March of $39.5 per ton, follows from the materials of the Ministry of Finance of the Russian Federation. According to the monitoring from 15 February to 14 March 2016, the …
Read More »Analyst: Iran refused to freeze production and will stick to their line
Iran refused to freeze oil production at the January level and will continue in this issue “bending the line”. This opinion was expressed head of the analytical Department of the company “ANALYST Online” Gleb market pulse. He recalled that “yesterday’s negotiations (chapters of the Ministry of energy of the Russian …
Read More »Oil prices rose on data about the slowdown in the growth of fuel reserves in the USA
World oil prices, reflecting the decline in the last two days, went up after the publication of data about the slowdown in growth of stocks of fuel in the U.S. market. Price of the may contract for Brent crude on London’s ICE Futures exchange to 7.30 Moscow time has increased …
Read More »The outflow of funds from oil funds hits record
After long stormy growth, oil prices have entered a stage of correction, and investors EN masse out of long positions. Only in the last week of the largest U.S. ETF that invests in oil, brought $348 million, barely failed to reach the record of December 2013, when it was withdrawn …
Read More »Oil Corporation Nigeria suspected in the theft of $16 billion
The Nigerian national petroleum Corporation (NNPC) had paid the Treasury $16 billion, official audit. However, as stated in Parliament by the representative of the audit chamber of the country, the Corporation did not explain what happened to these funds, reports the BBC Russian service. The President of the country Mohammad …
Read More »USA decided not to look for oil off the coast of the Atlantic
The administration of U.S. President Barack Obama refused to place new installations for drilling of oil and gas wells in the waters of the Atlantic ocean. This decision was taken in connection with the mass protests of environmentalists. As reports Bloomberg referring to a source in the Ministry of internal …
Read More »“Transneft” has sold the oil pipeline in Ukraine
“Transneft” has sold located in Ukraine the pipeline “Precarpathians”. On Tuesday, March 15, said the Agency “Interfax”the President of the company Nikolay Tokarev. To disclose the sum of transaction he did not. “It is a matter of commercial right. Everything is done correctly,” — said Tokarev. In 2015, it became …
Read More »Oil retreated amid uncertainty over plans to freeze production
World oil prices in the course of trading on Tuesday continued to decline against the background of uncertainty regarding plans of oil-producing countries to freeze the production and determination of Iran to increase production. May futures for Brent crude on London’s ICE Futures exchange to 7.50 Moscow time has fallen …
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