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Tag Archives: production

Production of a barrel of oil costs Russia $ 2

A lot depends on the Deposit type and cycle of exploitation of mineral resources Deputy Minister of energy Kirill Molodtsov said that Russian companies spend for extraction of one barrel of oil about two dollars. The Russian oil industry “feels confident” even in conditions of low prices for “black gold”, …

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Russia overtook Saudi Arabia in oil production

In the first month of 2016 Russia overtook Saudi Arabia for volume of extracted oil. According to Rosstat, the day was made almost 10,46 million barrels. Now the oil-producing States are discussing the possibility of freezing the oil and gas producers throughout the year at the January level in order …

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Saudi Arabia surpassed Russia in oil production in January

Saudi Arabia was ahead of Russia in oil production in January 2016 by 0.49% from the Joint Organization Data Initiative (JODI). Last month, oil production in Saudi Arabia amounted to 10.23 million barrels per day, and in Russia — is 10.18 million barrels a day, according to RNS. In addition, …

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Analyst: Iran refused to freeze production and will stick to their line

Iran refused to freeze oil production at the January level and will continue in this issue “bending the line”. This opinion was expressed head of the analytical Department of the company “ANALYST Online” Gleb market pulse. He recalled that “yesterday’s negotiations (chapters of the Ministry of energy of the Russian …

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The production cuts in OPEC, the oil quotes did not help

Oil prices fall for the second day in a row. A barrel of Brent mix is cheaper by about 1%. Not even data from OPEC. In its monthly report, the cartel said cut production in February by nearly 200 thousand barrels per day. The decrease mostly attributable to lower shipments …

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