Oil

The number of working oil and gas rigs in the world in February 2016 fell for the sixth month in a row, follows from the review of U.S. oil services company Baker Hughes. On average last month in the world worked 1 thousand 761 installation, which is the lowest level …

The rebound of oil over $40 a barrel is substantiated by the expectations of the arrangements between the world’s largest oil-producing countries of the world. Agreements that must “approve” of the USA, without which attempts to regulate the prices depreciate, not to mention the fate of the price of the …

The average cost of North sea Brent crude oil in 2016 will be $34,28 per barrel. This forecast is contained in the monthly short-term forecast of the office for energy information the U.S. Department of energy (EIA). Thus, the forecast for Brent cost for the current year once again lowered …

In Iraq believe that the members of OPEC and outside the cartel countries will meet on 20 March to Moscow, although the date and place of the meeting was met with skepticism Russia and the Gulf States, reported Reuters. Earlier Wednesday, the Deputy oil Minister of Iraq, al Fayad-It said …

Freezing of oil production is not sufficient to correct the situation on the market. For stabilization of quotations is necessary to cut production. This opinion is shared by energy Minister of Algeria Hebri Salah (Salah Khebri). It is reported RIA Novosti with reference to data of Bloomberg. Low oil prices …

In conditions of market turbulence increasingly dangerous for the Russian economy offers The strengthening of the Russian ruble in the last few few days, due to a noticeable increase of oil prices, revived hopes for the fracture of the crisis. However, the increase in oil prices is not backed by …

The Ministry of energy developed and submitted in December for interagency coordination of the General development scheme of the oil industry of Russia until 2035 (a copy is in “Vedomosti”). A source in the Ministry confirmed the authenticity of the document. The General scheme should replace the existing master plan …

Company Rosneft Vietnam have begun drilling exploration wells offshore Vietnam. This was reported on the website of “Rosneft”. As noted, in the framework of the project “Rosneft” for the first time acts as operator of drilling on the international shelf. The planned depth of the well in the trunk will …

Reuters reports that oil quotations, despite the local decline due to news about Chinese stock rating, for the first time since December surely keep a mark in 40 dollars for one barrel of Brent crude oil. Financial analyst Timur Nigmatullin in conversation with BAFS “the Economy today” has connected this …

Oil prices can jump up by 20-30 dollars, if the producing countries will be able to meet and come to a final agreement, however, according to the national representative of Kuwait to OPEC Mohammad al-Shatti, at the present time there are several scenarios, including negative. “It all depends on what …