Oil prices fall weakly on the news about a recovery of production in Canada and further growth of production of raw materials in Iran, writes Bloomberg. The price of the futures on Brent crude for July by 07.55 GMT were down 0.4% to 48.53 dollars per barrel. Futures price for …
Read More »Iraq has reduced oil exports amid rising domestic demand
Iraq has reduced oil exports this month due to growing domestic demand. In an interview with Bloomberg, said Deputy oil Minister Fayyad of the country, NIMA. According to him, exports in may kept at around 3.3 million barrels per day, which is 0.06 million lower compared with April, according to …
Read More »The price of oil fell amid a strengthening dollar
On Friday morning the price of oil fell under the influence of a strengthening dollar. At 8:10 am the cost of July futures for North sea petroleum mix of mark Brent decreased 0.52 per cent to 47.83 per barrel. June futures for WTI crude oil became cheaper by 0.73 percent …
Read More »Oil prices rose amid declining oil reserves in the United States
World oil prices continue to rise during trading on Wednesday after industry, the American petroleum Institute reported a decrease in stocks of oil in the U.S. market by 1.07 million barrels last week. The price of the June contract for Brent crude on London’s ICE Futures exchange to 7.26 MSK …
Read More »Oil retreated amid uncertainty over plans to freeze production
World oil prices in the course of trading on Tuesday continued to decline against the background of uncertainty regarding plans of oil-producing countries to freeze the production and determination of Iran to increase production. May futures for Brent crude on London’s ICE Futures exchange to 7.50 Moscow time has fallen …
Read More »Oil prices rose amid controversy on the future balance of supply and demand
World oil prices during Monday trading range near $ 40 amid conflicting signals about the future balance of supply and demand in the market. Price of may futures for Brent crude on London’s ICE Futures exchange at 8: 00 (Moscow time) has risen on 0,15% – to 40,45 USD per …
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