A subsidiary of China’s Sinopec will cover the development of four oil fields in Shandong province in East China. This is stated in the statement of the holding, reports TASS. It is noted that these deposits are the least cost-effective among the 70 in the company’s portfolio. Due to the …
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The dollar on the Moscow stock exchange fell by 2 rubles 86 kopecks and amounted at 20:24 GMT on Wednesday, 17th February, 75,03 ruble. The Euro fell by 3 rubles 11 kopecks to the ruble 83,62. This is evidenced by data exchange. Sharp strengthening of the Russian currency is connected …
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Iran supported the initiative of the countries-oil producers to freeze production. As reported on Wednesday, February 17, the Agency “Shana”, this was stated by the Minister of oil of the country, Bijan Namdar Zanganeh, after talks with his counterparts from Venezuela, Iraq and Qatar, held in Tehran. At the meeting …
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Recently in the state Duma held parliamentary hearings on which deputies together with representatives of the Government and the Central Bank sought ways out of the crisis. The participants of the discussion agreed that the way lies in industrial financing. The state Duma is expected that the discussion will be …
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Iran intends to expand the export flow of oil to Europe. By the end of February, the Islamic Republic will send a second batch of hydrocarbons. On Wednesday, 17 February, Rambler News Service reported, citing the managing Director of National Iranian oil company (NIOC) Roknoddin Javadi (Roknoddin Javadi). “Until the …
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Reached in Qatar agreement must be seen as clumsy and a failed PR campaign. If a few decades ago, OPEC was indeed a cartel able to manipulate prices through regulated production and export, nowadays the organization has become a meaningless discussion club. Representatives of Russia, Saudi Arabia, Qatar and Venezuela …
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Oil prices benchmark Brent crude to $32 per barrel by 19:00 GMT on the NYMEX. WTI by this time fell below $29 per barrel. The corresponding peak appeared on the background of disappointing for oilers news about the results of the negotiations of the four oil-producing countries — Russia, Saudi …
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Major oil producers such as Russia, Venezuela and some countries of OPEC agreed to freeze the level of oil production for the sake of the situation on the energy market stabilized. In the negotiations involved Iran and Iraq, and many commentators suggest that this initiative they barely support. Most commentators …
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Another member of the Organization of countries-exporters of oil (OPEC) — Kuwait, agreed to freeze production at the current level. On this February 16 Rambler News Service reports, citing data from Bloomberg. Per day the country produces about three million barrels of oil. The source of the Agency noted that …
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Russia and some OPEC countries have agreed that they will not increase production to the level achieved on January 11. That could mean to the oil market and Russia the agreement reached in Doha, “Economics today,” said Vladimir Feigin, President of the Foundation “Institute for energy and Finance”. “The scale …
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