Oil

After reports of the American Institute of oil (API) about oil stocks in the USA, the price of “black gold” showed a positive trend. The price of November futures for Brent oil increased by 0.30% and reached the mark of 47.24 dollars per barrel, the cost of the October futures …

National oil Corporation (NOC) of Libya plans to re-start oil exports and to increase to the end of the year production of up to 950 thousand barrels per day, Reuters reports, citing a company statement. “Our technical teams have already begun assessing what needs to be done to overcome the …

  What could strengthen the Russian national currency Alex Gulakov <source srcset=”/p/15/156/156327/m-156327.jpg” media=”(min-width: 428px) and (max-width: 671px)”/><source srcset=”/p/15/156/156327/l-156327.jpg” media=”(min-width: 672px)”/> Photo: AP/TASS The position of the Russian national currency is September 12 against the dollar and the Euro was much weaker at the auction — amid falling oil prices Brent. …

The share of tight oil reserves in Russia is growing and has already reached 65% of total proven oil reserves; it is noted in the draft Strategy for the development of mineral resources of the Russian Federation until 2030″. The draft strategy was available on the website of the Federal …

Oil continues to decline on Monday, reacting to data about the increase in the number of oil drilling in the USA, Interfax reports. These data, according to most market participants, confirm the tendency towards the persistence of overproduction of raw materials in the market, and in the course of the …

In August, Poland received 2 million barrels of oil from Iran and now if trial batch successfully passes “obkatku” at the local refinery, wants to sign a long-term contact, said Deputy head of the importing company Grupa LOTOS Marcin Jastrzebski. According to him, after oil from Iran will be processed …

In July, a major exporter of oil to China were Angola, follows from the last OPEC report. Earlier, in 2016 the leaders in the supply of oil to the Chinese market in turn were Russia and Saudi Arabia Angola in July (latest available data) supplied to China of 1.1 million …

A number of European countries such as Bulgaria, Romania, Italy and France, expressed interest in Iran’s black gold. Since March of this year, Iran has exported 8.7 billion tons of oil at 43.6 billion Such data are the Agency IRNA. According to the publication, such an increase in this index …

In Soviet times, Russia has actively helped Cuba and in financial and political terms. Including Cuba received Russian oil and oil products. After the collapse of the USSR the situation changed and today the Island of Freedom “black gold” comes mainly from “revolutionary Venezuela, which because of falling energy prices …

The growth of oil production in Iran, halted for the last three months, reports Reuters, citing sources in OPEC. Oil production in June amounted to 3.64 million barrels per day, while in August to 3.63 million barrels a day. Iran has started to increase production after the easing of Western …