Russia has managed to capitalize on the growth in oil prices before the meeting in Doha more than any other exporting countries, Bloomberg reported, citing its own calculations. Oil prices began to rise two months before the meeting in the capital of Qatar, which took place on 17 April. …
Read More »Iran may return to desanctions levels of oil production in June
Oil production Iran can reach dosection levels within two months, said Deputy Minister of oil of the country, General Director of the National Iranian oil company (NINC) Rokneddin Javadi. According to him, this can happen by the end of the Iranian month of khordad or June 20, reports the IRNA …
Read More »Kuwait reduced oil production due to the strike
The members of the trade Union of workers of petroleum industry of Kuwait went on strike on Sunday that oil production in the country fell with the March of 2.81 million barrels a day (b/d) to approximately 1.1 million b/d, said the representative of the Kuwait Oil Corporation. Co. Saad …
Read More »The participants of the meeting in Doha intend to freeze oil production until October
It is expected that the draft agreement is approved, however, it is not coercive in nature. At the meeting in Doha countries becoming major oil producers have prepared a draft agreement, according to which the extraction of “black gold” will be frozen until October 2015, said the Minister of energy …
Read More »Oman called freeze oil production opportunity to balance the market
The oil Minister of Oman, Mohammed al-Rumhi believes that the decision by producing countries to freeze the oil will help to balance the market before the end of this year, reports Bloomberg. According to him, the draft agreement discussed at the meeting of oil-producing countries in Doha, involves the …
Read More »Frost oil production: the effect to be discussed in Russia in October
The draft agreement meetings of the countries-oil exporters in Doha provides for the freezing of oil production at the January level to 1 October 2016. In October it is planned to discuss the progress achieved at the meeting, which will be held in Russia. As stated by TASS, the Minister …
Read More »Analysis USA: frost oil production will help the price rise
17 April in Doha (Qatar) will host a meeting between the countries-members of OPEC and the exporting countries that are not members of the organization. The main question for discussion – freezing oil. Bank of America analysts believe that if the decision is made, oil prices will increase to $ …
Read More »Novak suggested the freezing of oil production without the participation of Iran
Agreement about freezing of oil between oil-producing countries is possible without the participation of Iran, said TASS, the Minister of energy Alexander Novak. “Everything is possible, because it’s open documents. All who wish to join him — join me. Who wouldn’t want to join, nobody forced to make will not …
Read More »The Saudis would freeze oil production
It will be an amazing game on oil and nerves. Saudi Arabia agreed to freeze oil production. This is a preliminary decision, which was announced on the eve of the meeting of countries and applying for membership in OPEC on 17 April in Doha. Position SA, as always, very opaque. …
Read More »Sechin predicted demand for additional oil production in three years
Chairman of the Board of “Rosneft” Igor Sechin made a report at the opening of the conference the FT Commodities Global Summit, in which he analyzed the key trends and factors of development of world commodity markets. This is stated in the press release received by the editors “ru”. Noting …
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