Vyacheslav Kulagin

New US Sanctions on Russia to hit Europe

New US sanctions against Russia may increase uncertainty on European gas markets, international rating agency S&P Global Ratings said in a statement. S&P Global Ratings said it currently believes that if, as a result of new …

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Ukraine to seize Russia's Gazprom property

Ukraine’s supreme economic court dismissed on Tuesday the appeal of Russian energy giant Gazprom which was demanding a reversal of the decision of lower courts on enforced recovery of around $6.4 billion in fines from the country in favor …

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Dollar reaches 55 rubles again

The ruble exchange rate is strengthening against the dollar and the euro on the Moscow Stock Exchange: the dollar declined by 0.18 rubles and was worth 55.9 rubles,  The euro exchange rate fell 0.24 rubles and was worth 59.65 …

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Oil prices dropping suddenly

The prices of May futures for Brent oil have declined by 2.7% to $51.62 per dollar on the ICE Exchange in London for the first time since the early December 2016. The April futures for WTI oil fell to $48.88 per barrel at the New York Mercantile …

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Kashagan oil field operating normally

Work to bring onstream the giant Kashagan oil field in Kazakhstan is going normally and some crude has already been processed and put in storage, Kazakh Energy Minister Kanat Bozumbayev said. Four wells were …

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In Russia may allow free export of oil

In 2018 in Russia can reset the export duty on oil, while increasing the taxes on production. Respective capabilities considering the Russian government. According to Bloomberg, these measures will deprive  Belarus and Kazakhstan …

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Sergey Donskoi: Russian oil will be enough for 28 years

The Russian Minister for Natural Resources and Ecology, Sergei Donskoi, said in an interview to Rossiyskaya Gazeta today that Russia's known oil reserves are enough to provide a yearly extraction of oil for the next 28 years …

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Will fate of oil be decided on March 20?

The meeting of OPEC producers and non-OPEC countries can take place on March 20 in Moscow, Iraqi Deputy Oil Minister Fayadh Nema said. "The meeting in Moscow, expected to be held on March 20 between the largest oil …

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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 …

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Will Russia revive 'South Stream'?

Russia will resume its work on the South Stream project in the next several weeks, Bulgarian Prime Minister Boyko Borisov was reported by a source in Moscow. “There are two main reasons due to which Moscow …

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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 …

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Has Turkish Stream been postponed until November?

The Russian Energy Ministry expects that an intergovernmental deal on the Turkish Stream gas pipeline will be signed after a new government is formed in Turkey, Russian Energy Minister Alexander Novak said.  Russia …

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Vyacheslav Kulagin: Oil will cost $80 a barrel by 2016

The Head of the Center for International Energy Markets Studies at the Energy Research Institute of the RAS, Vyacheslav Kulagin, believes that the main factor negatively affecting the oil market is the imbalance of supply and demand. …

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