Russia has earned at least 6 trillion rubles after signing an agreement with OPEC+ countries due to oil price cuts, Russian Energy Minister Alexander Novak said. The deal increased the cost of crude oil by $10 per …
The OPEC/non-OPEC Joint Ministerial Monitoring Committee is expected to outline the guidelines for the overall oil output level in 2019 at the meeting in Vienna on December 5-7.
Gazprom will implement the construction of the Turkish Stream gas pipeline at its own expense, Deputy CEO of the Russian holding Andrei Kruglov said in London today. "We tentatively said that the cost can be $6 bln …
US crude oil production broke 10 million barrels a day in November for the first time since production peaked in 1970, the Energy Information Administration said in a monthly report. The US produced 10.038 million barrels a day in …
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 …
Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a trend that has undermined attempts by OPEC and others to support the market through reduced output.
A fairer system for distribution of resources and finances should be formed
CEO of the National Energy Security Fund on the significance of the agreements with OPEC for Russia
The head of Russian Ministry of Energy Alexander Novak said that an agreement with OPEC and other oil-exporting countries to cut the oil production will have a positive effect on the Russian economy, as it will help to make …
The interest of Western service companies in the Russian market remains
According to the director general of the National Energy Security Fund, the first vice-rector of the faculty of applied politology of the Finance University, Konstantin Simonov, this year the price of oil will rise to the level of 50 dollars per …
Konstantin Simonov: “Money is taken from the commodity markets and transferred into cash”
The catastrophic drop in oil prices actively promotes the development of the real sector of economies of the countries of the Caspian region, Russian, Azerbaijani and Kazakh experts said today during discussion of the economic future in the …
The Director General of the National Energy Security Fund, Konstantin Simonov, believes that Russia does not need to join OPEC. According to the analyst, the organization is in crisis and needs to be reformed. …
By punishing Russia, the U.S. is punishing its own shale projects
