Is Opec relevant in an oil market of falling prices and overproduction?
The Organization of Petroleum Exporting Countries’ inability to reach consensus amid low point in commodity cycle comes under question before 2 June meeting
shale oil
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Brent price increases to $49
The prices of July futures for Brent oil have risen by $0.44 (0.9%) to $49.25 per dollar on the ICE Exchange in London, as of 07:46 (MSK). Yesterday, during the closing of the market, the price of futures fell $0.12 (0.25%) to 48.81 dollars per …
Brent crude price rises above $ 46
Oil prices have continued to rise on world markets after the American Petroleum Institute reported that US inventories dropped by 1.07 million barrels last week. As of 8:00, a barrel of Brent oil rose in price by 1.3% to $ 46.32 on the …
Iran joins club of shale owners
Mohammad Reza Kamali from the Research Institute of Petroleum Industry (RIPI) told reporters here on Monday that huge reserves of gas hydrates have proven in the Oman Sea beneath which there are the conventional layers …
Chesapeake Energy pledges almost all of its assets as collateral
Chesapeake Energy Corp. pledged almost all of its natural gas fields, real estate and derivatives contracts to maintain access to a $4 billion line of credit as the shale gas producer grapples with falling energy prices, Bloomberg …
Brent rises above $40
Oil prices have continued to rise on world markets. As of 08:12 a barrel of the Brent blend oil increased in price by 0.9% to $40.2. At the same time, futures for WTI rose 1.19% to $38.2 per barrel. The rise in …
US to resume shale oil production
A number of oil companies that extract shale oil have resumed the work on the previously drilled wells in the US. Oasis Petroleum and Pioneer Natural Resources noted that they were ready to start 'defrosting' of wells and shale …
US cuts shale oil production
Whiting Petroleum stated that it will suspend all of its fracking activity in order to spend 80% less this year. "We believe this conservative strategy should help us to maintain our liquidity position and leave us well positioned to capitalize on a rebound in oil …
Number of US oil rigs drops to 2009 level
The number of US oil rigs dropped by 26 this week to 413, according to Baker Hughes data. It's the lowest level since December 2009. According to Financial Times, a similar trend is observed on the background of the last report of …
Policy of regulators for oil industry is worse than sanctions
The interest of Western service companies in the Russian market remains
Cheap oil may be an impetus for development, Vyacheslav Kulagin believes
The head of the Center for International Energy Markets of the Energy Research Institute of the Russian Academy of Sciences, Vyacheslav Kulagin, believes that the shake-up of the oil market is useful for the economies of Russia, Kazakhstan and …
Cheap oil is impetus to modernization of Caspian region
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 …
50 dollars for a barrel of oil is a reference point for the end the year
The Director of the Energy Development Fund, Sergey Pikin, believes that there are still negative trends on the oil market. Most analysts agree with the assessment that by the end of the year oil prices will stabilize at around 50 dollars …
Russia expects stabilization of oil market
By the end of the year oil prices are forecast to stabilize at the level of $50 per barrel
Piskulov: I doubt that the dollar will cost 100 rubles.
The Chairman of the Board of the National Currency Association (NCA), Dmitry Piskulov, made a forecast of the further development of the situation on the currency market. The economist doubts that the dollar will reach 100 rubles. …
Third of US oil companies may go bankrupt
Wolfe Research experts believe that as many as a third of American oil producers could go bankrupt by mid-2017. The positive scenario would be possible if oil rebounded to at least $50. It is known that more than 30 small US …
Will US become oil exporter?
Congressional leaders agreed on a fiscal plan that would avert a ban on crude oil exports from the US. The move "puts the United States in the driver’s seat of energy policy worldwide," Bloomberg cited the Republican …
Sechin: shale oil changes structure of world production and export flows
Shale oil is changing the structure of world production and export flows, Rosneft CEO Igor Sechin said at the conference 'Energy Bridge Russia–Japan' in Tokyo. "These changes are associated ...
