Alexei Kokin

Europe to say #039yes#039 to Nord Stream 2

Europe to say 'yes' to Nord Stream 2

European Commission President Jean-Claude Juncker will likely approve the Nord Stream 2 pipeline project: the decision could be announced after Germany’s general elections in September. "EU officials …

Russia expects three more years of cheap oil prices

Russia expects three more years of cheap oil prices

Oil prices will be hovering around $40-60 per barrel in 2017-2019, the Russian Finance Ministry’s Main guidelines for 2017-2019 debt policy said. "The oil price dynamics will still be one of the key risks for the Russian …

Will US impose sanctions against whole world?

Will US impose sanctions against whole world?

New US sanctions, proposed by the US senators, would damage the global economy, the Kremlin spokesman Dmitry Peskov said. "No doubt, such restrictions will deal additional damage both to bilateral relations …

OPEC and Russia agree for 6 months

OPEC and Russia agree for 6 months

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 …

Will Trump bring down oil prices?

Will Trump bring down oil prices?

US President-elect Donald Trump released this video update discussing his policy plans for the first 100 days of his administration on issues of trade, energy, regulations, immigration, ethics reform, and national …

Russia continues to set oil production records waiting for #039oil freeze#039

Russia continues to set oil production records waiting for 'oil freeze'

Russia's average daily production of oil and condensate in October increased by 3.9% on the year and by 1% on the month to 11.204 million barrels, setting a new post-Soviet record high (the previous was 11.11 million bpd), news agencies …

Will #039oil freeze#039 start tomorrow?

Will 'oil freeze' start tomorrow?

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.

Russia ready for construction of Turkish Stream

Russia ready for construction of Turkish Stream

Russia’s gas transportation infrastructure for gas supply to the marine gas pipeline is ready, the head of Gazprom Alexei Miller said at the meeting with the Russian President Vladimir Putin. According to the intergovernmental agreement, Russia will construct two pipes under the Black Sea to Turkey with capacity totaling 31.5 billion cubic meters of gas, pursuant to the intergovernmental agreement. "According to the schedule, both pipes will be ready by end-2019," he said.

Will EU abandon gas transit through Ukraine?

Will EU abandon gas transit through Ukraine?

The European Union (EU) is ready to abandon the natural gas transit through Ukraine, AFP reports. The reason is the fact that Ukraine does not ensure the unconditional implementation of the energy regulations of the EU including a ban …

Alexei Kokin: Russia will not make sacrifices of declining production

Alexei Kokin: "Russia will not make sacrifices of declining production"

A senior analyst of 'Uralsib' about Russia's readiness for talks on an oil production freeze

Oil balance is reached, it is up to traders, expert says

Oil balance is reached, it is up to traders, expert says

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 …

In Russia may allow free export of oil

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 …

OPEC demonstrates it has no power

OPEC demonstrates it has no power

A regular meeting among the OPEC countries has recently took place in Vienna. The main point of the agenda was the discussion of the new possible oil level of 32 …

Russia raises duties on oil and oil products

Russia raises duties on oil and oil products

Russia's oil export duty was increased by $14.6 to $80.6 per ton from June 1, the Ministry of Economic Development said. Reduced custom fees for oil from Eastern Siberia, Northern Caspian and the Prirazlomnoye Field were still …

How long oil prices will be on the rise?

How long oil prices will be on the rise?

According to trading at the London Stock Exchange ICE, today the Brent oil price reached the level of $50 per barrel for the first time since the beginning of November 2015. The WTI crude is also becoming more expensive in trading in New York: …

Goldman Sachs forecast inspires oil prices

Goldman Sachs forecast inspires oil prices

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 …

IEA: oil production to fall, oil prices to go up

IEA: oil production to fall, oil prices to go up

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.

Has Iran started a gas expansion in Europe?

Has Iran started a gas expansion in Europe?

According to mass media, two Iranian companies have signed an agreement on the construction of a gas pipeline to transport natural gas from the South Pars field through Iraq and Turkey to Europe. "Two Iranian companies have signed …

 Ministry of Energy identifies cost of oil production in Russia

Ministry of Energy identifies cost of oil production in Russia

Oil companies and analysts name different levels of the cost of extracting oil in the Russian Federation. The cost of extracting oil in Russia is about $2 per barrel, the cost of extracting oil from difficult-to-extract and …

Will fate of oil be decided on March 20?

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 …

Will Iran prevent rescue of oil market?

Will Iran prevent rescue of oil market?

Tehran's representative to the Organization of the Petroleum Exporting Countries (OPEC), Mehdi Asali, said that he considers "illogical" the proposal to freeze Iran's oil production now, Reuters reports. …

Russia ready to discuss decline in oil production with OPEC

Russia ready to discuss decline in oil production with OPEC

Russia is ready to take part at the Organization of the Petroleum Exporting Countries' (OPEC's) meeting together with other non-cartel countries in February, Russian Energy Minister Alexander Novak said today. …

Will Urals oil be able to replace Brent crude?

Will Urals oil be able to replace Brent crude?

Russia's Urals petroleum mix oil may become a price benchmark soon instead of North Sea Brent crude oil mix due to its significant drop in price. As a result, payments for Russian oil will be carried out in rubles, Russian media report. …

Sofia proposes #039Bulgarian Stream#039 to Moscow

Sofia proposes 'Bulgarian Stream' to Moscow

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 …

Are oil prices to increase?

Are oil prices to increase?

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 …

Putin and Erdogan discuss Turkish Stream in Antalya

Putin and Erdogan discuss Turkish Stream in Antalya

Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan have discussed the Turkish Stream project in Antalya on the sidelines of the G20 summit. The sides agreed to continue developing …

SOCAR ready to cede 16% of DESFA

SOCAR ready to cede 16% of DESFA

The President of the State Oil Company of Azerbaijan, Rovnag Abdullayev, expressed the readiness to discuss the possible sale of 16% share in Greek DESFA gas transmission system operator. He said that while no agreement has …

Sechin: OPEC is losing functions as a market regulator

Sechin: OPEC is losing functions as a market regulator

The Organization of Petroleum Exporting Countries (OPEC) has invited Russia to become its member, Rosneft CEO Igor Sechin said. He noted that the talks held between Russia and OPEC are quite positive, but ...

Where is oil dropping to?

Where is oil dropping to?

Oil prices are still staying at a low level. Showing a downward tendency. As of 5:02 p.m., Brent blend oil costs 49.16 dollars per barrel and oil of the WTI blend is 43.9 dollars per barrel. At the same time, during the day they fell to …

How will regional attacks affect transit of energy resources through Turkey?

How will regional attacks affect transit of energy resources through Turkey?

Turkey plans to strengthen the protection of gas and oil pipelines. "Turkey will deploy thermal cameras and horse-back patrols to heighten security around key oil and gas pipelines as Kurdish militant attacks increase, in a bid to …