Oversupply in the oil market that caused the collapse of quotations, may be the result of statistical errors of the International energy Agency (IEA). This means that the price of oil will probably recover much faster than expected. About it writes The Wall Street Journal. “According to the IEA estimates, …
Read More »WSJ: low oil prices could be the result of statistical errors
At the International energy Agency can’t see where the “share” of 800 thousand barrels of “extra” oil. If you don’t find that the prices can recover much faster than anticipated. Oil prices can recover much faster than previously expected, writes The Wall Street Journal. The reason for this is that …
Read More »Analyst: rising oil prices will last only until the end of the week
The positive in the world oil market may be quickly exhausted, and in the best case, the increase of oil prices will last until the end of the week. This forecast gives the Deputy Director of analytical Department of “Alpari” Anna Kokoreva. She recalls that “oil prices this morning have …
Read More »Novak described the timing of the stabilization in oil prices
The energy Ministry supports the freezing of oil production by the end of the year, but clear agreements between oil-producing countries on this issue yet. As reported RIA Novosti, said the head of the Ministry Alexander Novak. “There is no clear deadline. We are in the month of April [at …
Read More »Oil prices rose on data about the slowdown in the growth of fuel reserves in the USA
World oil prices, reflecting the decline in the last two days, went up after the publication of data about the slowdown in growth of stocks of fuel in the U.S. market. Price of the may contract for Brent crude on London’s ICE Futures exchange to 7.30 Moscow time has increased …
Read More »In Russia, prices rose again popular brands of autos
In the period from 20 February to 15 March 2016 25 brands represented on the Russian market, has adjusted the prices of its products, reports “AUTOSTAT”. The changes affected one or more models in the lineup of each company. Rose, many market best-sellers: Nissan raised the price of the sedan …
Read More »Novak predicted increase in oil prices to 50 dollars
By the end of the year the price of oil will be in the range from 40 to 50 dollars per barrel. This opinion is shared by Russian energy Minister Alexander Novak, reports on Monday, March 14, RIA Novosti. “I think we will have price in range from 40 to …
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 …
Read More »Low oil prices are beneficial to the United States and the world? It’s a myth
Low oil prices are not a benefit, but a blow to the United States. Furthermore, the low quotations of black gold make increasingly uncertain future of the American economy. Such statements are made not just anybody, but the American scientists and economists. “It is believed that low oil prices have …
Read More »Global food prices fell by 14.5%
In comparison with last year, global food prices fell by 14.5%, according to the Organization for Food and Agriculture of the UN (FAO). The main reason is the decline in oil prices – and therefore fuel costs and transportation. The price of vegetable oil decreased by 11%, wheat prices …
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