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 …
Read More »
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 …
Read More »
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 …
Read More »