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This Saturday's summit of OPEC member and non-member oil-producing countries in Vienna will reach an agreement as a minimum to freeze oil output levels, the experts told Vestnik Kavkaza on the eve of the Vienna talks between oil exporters.
Today, the Vice President of BP Russia Vladimir Drebentsov said that there can be a deficit in the oil market by 2020 due to reduced investment in the 2014-2016 and a freeze of five-year projects. Vestnik …
The preliminary agreement to cut oil output, reached yesterday by the OPEC countries for the first time in eight years, will undoubtedly affect oil prices, but only in the short term, since other negative factors may affect the situation in …
RANHiGS associate professor, senior researcher of IE RAS on the prospects of the pipeline
The physical oil market has already reached the point of balance in the world, and today’s fluctuations in oil prices are related to the desire of major financial market players to obtain profits. This …
September Brent futures have showed a sharp drop on the ICE Exchange in London, dropping below $45 a …
Oil prices in 2020 may rise to $75 per barrel, the International Monetary Fund (IMF) said. According to one of the models of the IMF, it is possible if OPEC reduces supplies by 7 million barrels per day. "If OPEC cut supplies by 7 million …
Physical balance between supply and demand on the global oil market is now close to equal, Associate Professor of RANHiGS Ivan Kapitonov and Associate Professor of the Stock Markets and Financial Engineering department of the …
Oil prices on world markets rose sharply after the publication of Goldman Sachs report, according to which, its deficit is expected in the second half of 2016. The experts note that a decline in production driven by unexpected supply …
Russia has began negotiations to launch futures for the Urals oil. The Saint Petersburg International Commodity Exchange (SPIMEX) is preparing to launch a futures contract on the Russian export blend Urals and it invites international trading …
World oil prices increased today due to the statement by the Executive Director of the International Energy Agency (IEA), Fatih Birol, that the organization this year expects the biggest decline in non-OPEC oil supply in the last 25 years, almost 700,000 barrels per day. Low oil prices had cut investment by about 40% in the past two years, with sharp declines in the United States, Canada, Latin America and Russia, The New York Times cited Birol as saying.
Doubts about the effectiveness of the meeting of oil-producing countries in Doha on April 17 caused the drop in oil prices on world markets. As of 08:27, the price of a barrel of Brent crude dropped 0.35%, reaching $42.68. …
Oil prices have been rising on world markets today. As of 9:27 PM MSK a barrel of Brent blend oil rose by 1.39% to $35.78. The cost of WTI crude oil rose by 0.88% and reached the level of $33.36. Recall that on ...
The head of the Ministry of Energy of the Russian Federation, Alexander Novak, said that if oil producers agree on an oil extraction freeze, the refining of the raw materials will drop by 1.3 million barrels per day. …
Russia continues to show interest in the Turkish Stream pipeline project and the Akkuyu nuclear power plant, but in the light of difficulties in relations between Moscow and Ankara, their future is under question, the Russian ambassador to …
The world oil markets have experienced an unprecedented boom. According to Bloomberg, as of February 2nd the number of long and short positions opened by traders reached a record level since 2006 when such statistics in general began to ...
Ankara continues to consider the Turkish Stream project as a commercial deal and is ready to hold Russian-Turkish negotiations on its implementation, Turkish Deputy Chief of Mission in Washington, Tugay Tuncer, told …
The Bulgarian Prime Minister, Boyko Borisov, speaking to the members of parliament, stated that the stopped project 'South Stream', which envisages the transportation of Russian gas to southern Europe, can be carried out …
Oil market changes are noticeable since the beginning of the week. According to experts, the increase of oil prices is tied with geopolitical tensions and the upcoming December meeting of the Organization of …
Analysts of the investment bank Goldman Sachs forecast a new fall in oil prices in the near future. They explain this by a combination of proximity stocks of petroleum products, which …
