$100 a barrel oil not expected
There is no reason for oil to hit $100 a barrel, BP Chief Executive Bob Dudley said. "There are people who predict the oil price of $100 per barrel. I do not think it will reach $100 unless there are any …
There is no reason for oil to hit $100 a barrel, BP Chief Executive Bob Dudley said. "There are people who predict the oil price of $100 per barrel. I do not think it will reach $100 unless there are any …
Russia’s Energy Minister Alexander Novak said that Russia and OPEC may assume joint efforts on balancing the oil market after completion of the crude production cut deal (OPEC+).
Russia's Foreign Minister Sergei Lavrov said that the Turkish Stream gas pipeline project is to improve opportunities for Balkan countries to receive Russian gas. "We and the Turks seek to improve …
OPEC said it expects demand for oil to grow faster than it originally expected in 2018, but the organization also sees supplies from beyond the producer group surging this year, driven by rising US output. The cartel said it now sees …
European purchasers of Russian gas have expressed a desire to receive it through new corridors and not through Ukraine after the expiry of the long-term transit contract signed between Gazprom and Ukraine's Naftogaz in 2019, …
Oil prices hit their highest since 2014 today due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating. WTI crude futures were at $63.44 a barrel, 0.8% above their …
Export of Russian gas to the north of Iran through Azerbaijan will allow to complete both economic and political tasks of all participants of this deal, Russian economists said in an interview with Vestnik Kavkaza, commenting on the …
Sanctions against Russia are likely to stay in place for at least the next 10 years, the country’s second-largest oil company has said, at a time of sharply deteriorating relations between Moscow and the west, Financial Times …
Oil prices have continued to rise after reaching the maximum level for more than two years yesterday. London Brent crude for November delivery LCOc1 was up 1 cent at $59.03 a barrel by 0621 GMT after settling up 3.8% on Monday. Earlier …
Exxon Mobil Corp. and Chevron Corp have expressed concerns over a bill to toughen sanctions on Russia, arguing that it could shut down oil and gas projects around the world that involve Russian partners, The Wall Street Journal …
The current diplomatic rift between Qatar and other Persian Gulf countries will have an insignificant effect on world markets, but the potentially possible prospect of its escalation into a military clash between Arab states can lead to an …
Russia counts on the European Union's ironclad guarantees on the Turkish Stream pipeline project's second leg, given the disappointing experience of the South Stream project, Russia's Deputy Foreign Minister Alexei …
The price of oil has fallen, despite oil-producing nations agreeing to extend production cuts for a further nine months. The world’s major oil producers have voted to continue their production cuts into 2018 in an attempt to prop …
Russia and Saudi Arabia are ready to extend the agreement on reducing oil production for another 9 months, until the end of March 2018. Russian Energy Minister Alexander Novak and Minister of Energy, Industry and …
OPEC revised global oil demand growth for 2017 higher by around 35 tb/d to 95.81 mb/d, the OPEC monthly oil market report said. This was a result of colder weather conditions and healthy vehicle sales in OECD Europe, in addition to …
Russia and the US should return to the dialogue on energy both countries enjoyed in 2014 before the US and European sanctions, Russia's energy minister Alexander Novak said, speaking to CNBC in Vienna. …
Russia has begun cutting oil output within the framework of last year's agreement among major producers to limit supply and bolster global prices, a source familiar with the course of the agreement said.
OPEC and Russia have agreed a mutually accepted formula of oil production cap for half a year, Venezuela’s Oil Minister Eulogio del Pino said. He also pointed out that Venezuela expects the signing of documents on …
In order to balance their budgets, largest oil-producing countries in the world require different price of "black gold". According to Bloomberg, this leads to disagreements over the need to reduce oil production level. …
European Commission Vice-President for Energy Union Maros Sefcovic proposed Russia’s Energy Minister Alexander Novak to hold trilateral gas talks with Ukraine in Brussels. Alexander Novak …