Oil

The price of oil WTI for the first time since December 2015 exceeded $ 39 dollars per barrel. As of 18:15 Moscow time a barrel of Texas crude oil was worth 39,02 dollar. This is evidenced by new York Mercantile exchange. Benchmark Brent crude on London exchange ICE is trading …

The international energy Agency (IEA) raised its forecast for growth of global oil demand in 2016 by 200 thousand barrels a day to 95.8 million barrels. Such data are cited by TASS with reference to the March report of the Agency. The document also says that the production of countries …

It became known that the idol of Russian science in the field of Geology and Geochemistry of oil and gas Alexey Kontorovich asked President Vladimir Putin to consider its report, in which it is considering measures to ensure a stable and sustainable oil and gas industry for decades to come. …

The oil industry has played an important role in the economy of tsarist Russia, which came in the second half of the nineteenth century capitalist development. It grew rapidly and entered the global market, becoming a serious competitor to the American oil industry. Industrial domestic oil production was concentrated in …

World oil prices on Friday moved to growth after a decline Thursday, continuing to win back the controversial data on its reserves in the United States. As at 08.07 GMT the cost of may futures for North sea petroleum mix of mark Brent rose 1.9% to 40,81 dollars per barrel, …

The U.S. Department of energy (EIA) yesterday announced its forecasts of world oil prices for the next two years. On the background of the fact that the leading oil producers in the world are trying to agree about a certain “freezing” of the level of production to stabilize prices, and …

Global markets oil is traded at the price exceeding $ 40 per barrel, is so high, “black gold” was quoted from the beginning of December 2015. Last but not least up quotes of a barrel has pushed the recent statements by the Minister of energy of Russia Alexander Novak about …

Cheap oil destroyed the plans not only of the Russian government and the shale companies in the United States. The fall in oil prices, as a rule, is perceived as a problem of major fuel exporters such as Russia or OPEC countries. The last six months and a lot of …

As noted in his new article known Western journalist and analyst Phil Butler, who worked closely with the leading Western oil experts, there are many indications that Saudi Arabia running out of oil. According to preliminary estimates, this should happen was by the year 2030. However, recent data show that …

Azerbaijan supported the initiative of the OPEC and is willing to freeze oil production at the level of January 2016. As reported by Reuters, said the head of the state oil company of Azerbaijan (SOCAR) Rovnag Abdullayev. “SOCAR supports the initiative of the OPEC and is willing to freeze oil …