Geologists last year found 2.7 billion barrels of new oil reserves, which is the lowest since 1947. Such data contains in research of the consulting company Wood Mackenzie, Bloomberg soobshaet. Compared with the average figure since 1960, the open volumes of oil decreased by 10 times. In 2016, the decline …
Read More »Saudi Arabia has reduced oil reserves to the lowest level since Aug 2014
Saudi Arabia consistently reduces the oil reserves amid rising domestic demand, thus attempting to maintain the level of exports. According to The Wall Street Journal, citing data from the Joint Organisations Data Initiative (JODI, the study group on the oil market from Riyadh). According to JODI, in may 2016 the …
Read More »The US markets fell to the lowest in 10 months after Brexit
US stock indexes on Friday, June 24, showed the most significant decline in 10 months after the announcement of the results of the referendum on the British exit from the EU. On Monday, June 27, writes MarketWatch .The shares of many companies lost in the price. So, General Electric fell …
Read More »Rosturizm decided to fight with the lowest prices on the travel market
The head of the Federal Agency for tourism (Rosturizm) Oleg Safonov promised to fight attempts of dumping in the travel market. On Tuesday, June 7, the press service of the Ministry. According to officials, the Federal tourism Agency together with the Federal aviation authorities, the Association of operators in the …
Read More »Oil production in China fell to the lowest level in more than a year
China in April 2016 have reduced oil production to a minimum of 14 months, while the decline in coal production was a record for the year, to the report of National statistical Bureau of China. Oil production in the second largest fuel consumer in the world after the United States …
Read More »Rates on deposits in Russia has fallen to the lowest level in a year and a half
In the first decade of April the average maximum interest rates on deposits in the ten largest Russian banks fell to 9.65 percent per annum. This minimum value since October 2014, when the yield on deposits was $ 9,61 per cent. Relevant information contains on the website of the Central …
Read More »The number of oil and gas installations in the U.S. reached the lowest level since 1975
The number of working oil and gas rigs in the U.S. in March fell by 54 and amounted to 478, which is an historic low since 1975. This is according to the American oil services company Baker Hughes. In Canada, the figure fell to 88, a decrease of 123 installation. …
Read More »The profitability of the British oil and gas companies have fallen to the lowest
The profitability of oil and gas companies in the UK working in the North sea, in the IV quarter of 2015 fell to a record low amid a collapse in prices for raw materials, follows from the report of the National statistical office (ONS) of the country. According to the …
Read More »Economics: the Russian economy in February has returned to the lowest point of the crisis
The Russian economy returned to the lowest point of the current crisis. This is stated in the analytical review “Comments on state and business” for the period from 14 March to 4 April the center of the Higher school of Economics. Experts note that in February 2016, “the rebound from …
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