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Dvorkovich: what will happen to oil prices

According to the Vice-Premier of Russia Arkady Dvorkovich, the suspension of oil production may lead to the termination of falling prices and increase the cost. He noted that should be taken into account a huge number of factors, but a strong decline in prices is not expected. We will remind …

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The US cut production, but oil is getting cheaper

The rapid growth in the oil market has entered a correction. News background tainted data from the U.S. Department of energy and the statements of Saudi Arabia. At the end of Thursday the barrel of the mixture Brent lost more than 1%. Data on stocks in the U.S. once again …

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Saudi Arabia rejected the idea of reducing oil production

The foreign Minister of Saudi Arabia Adil al-Jubayr said that the Kingdom is “not ready” to cut oil production, Reuters reports. The idea that among the countries-oil exporters Riyadh needs to cut production to prevent a drop in oil prices, has put forward in Iran. “If other manufacturers want to …

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