Fighting inflation the liberals in the government by the Bank of Russia carried out a monstrous way, borrowed from the 90’s: they are extremely tightening fiscal policy. They create artificial famine, like in the economy of free competition, where the price dynamics is affected only by the volume and …
Read More »
Iran aims to increase its share in the oil market, selling raw materials at lower prices. According to Bloomberg, the national Iranian oil company in may, will implement the Forozan Blend crude oil for customers in Asia at a price of $2,43 per barrel below the average price of oil …
Read More »
World prices for oil on Thursday has accelerated growth, reacting to the data about unexpected reduction of stocks of fuel in the U.S. Brent crude for the first time since April 1, trading above $ 40 per barrel. As of 08.12 Moscow time the cost of the June futures for …
Read More »
World prices for “black gold” continued to decline on Tuesday, slowing slightly negative trend on the statements made by the representative of Kuwait to OPEC for the upcoming negotiations of the largest manufacturers producing the mining of raw materials. As of 13:55 GMT the cost of the June futures for …
Read More »
Saudi Arabia is ready to freeze the oil only if similar measures will be Iran, according to Bloomberg. This was stated by the second crown Prince of Saudi Arabia Mohammed bin Salman. Against this background, there was a drop in oil prices. The cost of Brent crude on the ICE …
Read More »
Oil prices on Wednesday moderately rising on the background data of the American petroleum Institute (API) and data in anticipation of the U.S. Department of energy weekly oil reserves in the country. As at 08.06 GMT the cost of the June futures for North sea petroleum mix of mark Brent …
Read More »
Chairman of the Board of Directors of group of companies “Renova” Viktor Vekselberg predicts a rise in oil prices in the medium term, above $40 per barrel. About this businessman said in an interview with the newspaper Vedomosti, adding that he believes oil prices below $30 “for Bothe ish” “I …
Read More »
Oil prices are rising on Monday after declining in the previous two days, the investors ‘ optimism was supported by data on the reduction in the number of working drilling rigs in the U.S., reports Bloomberg. May futures for Brent crude on London’s ICE Futures exchange to 07.50 GMT added …
Read More »
Persistently low oil prices have not brought the economic benefits that are expected from them, but gave rise to an unexpected new risks. This warning chief economist of the International monetary Fund (IMF) Maurice Obstfeld and two specialists — Gian-Maria Milesi-Ferretti and Slaves of Areski. According to them, a detailed …
Read More »
Oil prices have no way to determine further movement. On Tuesday, the message from OPEC was pushing quotes upward, however, data from the American petroleum Institute changed the mood of the players, and today oil is getting cheaper. As of 7:40 Moscow time futures on Brent blend is reduced by …
Read More »