Oil

Oil producers worldwide are in trouble because of the collapse of prices. In the latter it is customary to blame the American shale oil industry, which in few years has provided a glut in the market. Though kancevica survive the era of cheap oil is especially hard. But still hanging …

Oil prices in recent days fell more than 6 percent on the background of new statements made by the representatives of Saudi Arabia. With the beginning of the session on February 24 at the ICE stock exchange in London North sea Brent crude dropped 1.4 per cent to 32.7 per …

The world prices for oil during the auctions on Wednesday have gone down amid statements by oil Ministers of Iran and Saudi Arabia about the plan by freezing the level of oil production, as well as on the background of pessimistic data the American petroleum Institute weekly stocks in the …

The U.S. government refers to the idea of freezing the level of oil production skeptical. Authorities believe that the market will adjust on their own, said to RIA Novosti, the special adviser on international relations in the field of energy the U.S. Department of state Amos Hochstein. Thus, according to …

The proposal to freeze the oil production is not in the interest of Iran. The restriction places an “unrealistic demands” of the country, reports on Tuesday, February 23, Bloomberg with reference to the oil Minister of the country of Bijan Namdar Zanganeh. Iran, by contrast, aims to increase production after …

Vice-Premier Dvorkovich promised Japan control over Russian oil fields. Russia is ready to offer Japanese investors the stakes in its oil and gas projects. The Vice Prime Minister Arkady Dvorkovich, who oversees the oil and gas industry, said in an interview with Japanese newspaper Nikkei Asian Review, published on 22 …

Belaruskali is likely to remain the only state-owned enterprise, donating a portion of profits to the national development Fund. However, due to the high tax burden its payments will quickly melt away. This forecast was made by experts of “Belarus in focus”. By the end of 2015 29 highly profitable …

The U.S. is ready to choke the world of oil and gas Experts analyze implications of renewed U.S. oil and gas exports 23.02.2016, 14:30 Mining word minerals What now the prices depend on oil After 40 years of acts enacted by Congress of a ban on oil and gas exports …

As reported by Spencer Dale, chief economist at the British company BP, the organization of this year intends to spend about $ 17 billion in investments. He noted that such a large amount is the guarantor of long-term energy imports. Recall that the largest oil and gas companies are actively …

Columnist for the Financial Times Nick Butler writes that by agreeing to painful enough for the initiative, Saudi Arabia has recognized the limitations of its influence on the oil market. Butler noted that the agreement with Russia with the support of other manufacturers of suspension of oil production at the …