South American heavyweights, coming off a 36-win streak that included winning Copa America, fall 2-1 in stunner seen as one of biggest-ever in global soccer tournament LUSAIL, Qatar (AP) — Lionel Messi stood with his hands on his hips near the center circle of the soccer pitch, looking stone-faced as …
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Yesterday the news proudly reported that Russia, together with Saudi Arabia and Venezuela have agreed to freeze oil production. Speculators on the news sped up the price of oil by almost 10%. At the moment you would have thought that he crisis is over and the price of oil of …
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Reached in Qatar agreement must be seen as clumsy and a failed PR campaign. If a few decades ago, OPEC was indeed a cartel able to manipulate prices through regulated production and export, nowadays the organization has become a meaningless discussion club. Representatives of Russia, Saudi Arabia, Qatar and Venezuela …
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Oil prices benchmark Brent crude to $32 per barrel by 19:00 GMT on the NYMEX. WTI by this time fell below $29 per barrel. The corresponding peak appeared on the background of disappointing for oilers news about the results of the negotiations of the four oil-producing countries — Russia, Saudi …
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Major oil producers such as Russia, Venezuela and some countries of OPEC agreed to freeze the level of oil production for the sake of the situation on the energy market stabilized. In the negotiations involved Iran and Iraq, and many commentators suggest that this initiative they barely support. Most commentators …
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Construction company Saudi Arabia delayed the payment of salaries to employees. It is reported Rambler News Service, citing Reuters. The Ministry of labor issued an official statement saying that the staff is one of the “major patterns” complained of unpaid salaries for several months. The Ministry did not specify the …
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Many analysts and commentators in the last year are concerned about finding the answer to one question, formulated in different ways: what is the real price of American shale oil, what is the cost of its production, what is the financial sustainability of extractive companies in the United States, whether …
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It took very little time after the entry into force of the Joint comprehensive plan of action (SCPD) and the lifting of sanctions on shipping and the movement of the Iranian ships in international waters. Nevertheless, Iran’s oil Minister Bijan Zanganeh a few months ago promised the Iranian and world …
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