Valery Nesterov

Valery Nesterov: Oil will remain at the level of $ 50 per barrel

Valery Nesterov: "Oil will remain at the level of $ 50 per barrel"

Today, the Central Bank of the Russian Federation announced a conservative forecast for the oil prices

Russia has no plans to build Turkish Stream blindly

Russia has no plans to build Turkish Stream blindly

Russia has no plans to begin construction of the second line of the Turkish stream in Europe without any guarantee and approval from the European Commission. "Of course, no one will build it blindly, because it is associated with …

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 Russia and US return to dialogue on energy?

Will Russia and US return to dialogue on energy?

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. …

Valery Nesterov: There has been a positive trend in oil prices

Valery Nesterov: "There has been a positive trend in oil prices"

Sberbank CIB analyst predicts situation in the oil markets

Will fate of oil be decided in Moscow?

Will fate of oil be decided in Moscow?

OPEC meeting with non-members of the cartel on cutting oil production may be moved from December 9 to 10 from Doha to Moscow, this topic is now being actively discussed by OPEC and Russia, an informed source said. The representative of …

Oil prices rise sharply as OPEC reaches agreement

Oil prices rise sharply as OPEC reaches agreement

World oil prices have risen sharply after the OPEC decision to limit the level of oil production by 1.2 million barrels per day to 32.5 million.  The Agreement will be effective from January 1, 2017. As of 08.51 am (MSK), the …

What oil price OPEC and Russia need?

What oil price OPEC and Russia need?

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. …

Russia and OPEC to establish information and analytical cooperation

Russia and OPEC to establish information and analytical cooperation

Russia and OPEC countries are studying various mechanisms to stabilize oil production volumes, Russian Energy Minister Alexander Novak said at a press conference in the framework of the "Energy Dialog Russia-OPEC" on …

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.

Valery Nesterov: Turkish Stream will strengthen Russia in Turkish market

Valery Nesterov: "Turkish Stream will strengthen Russia in Turkish market"

Sberbank CIB analyst on the benefits of the project and its possible 'pitfalls'

Was OPEC helpful for oil or not?

Was OPEC helpful for oil or not?

The preliminary agreement to cut oil output, reached yesterday by the OPEC countries for the first time in eight years, will undoubtedly affect oil prices, but only in the short term, since other negative factors may affect the situation in …

Will oil market continue nosedive?

Will oil market continue nosedive?

Goldman Sachs experts issued a report which forecasts that crude oil prices will remain low until mid-2017, as the oil market has continued to remain unstable. According to the experts, crude oil prices will remain in the …

Tengiz field to help oil prices

Tengiz field to help oil prices

The Tengiz expansion and other similar investments create prerequisites for the rise in oil prices. Chevron Corp., Exxon Mobil Corp. and several partners on Tuesday committed $36.8 billion to expand an oil project in Kazakhstan known as …

Will gas prices stop depending on oil prices?

Will gas prices stop depending on oil prices?

Deliveries of liquefied natural gas (LNG) from the US to Europe will be able to weaken the dependence of gas prices on oil, a press release of the international ratings agency Fitch says. According to analysts, the emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices.

Does OPEC have a future?

Does OPEC have a future?

The need for the existence of  OPEC is getting less evident: the organization is practically not involved in the regulation of its own production. Such an opinion was expressed in the study of the Russian research center Vygon …

Are bears beginning to emerge from oilmarkets?

Are "bears" beginning to emerge from oilmarkets?

The number of stakes on the fall in oil prices at the New York Mercantile Exchange fell by 131,617, i.e. by 67% in the period from February 2nd. According to the US Futures Trading Commission (CFTC), it was the maximum reduction during …

US Department of Energy doesn#039t believe in freezing oil production

US Department of Energy doesn't believe in freezing oil production

US Department of Energy (EIA) has recently announced its forecasts of world oil prices in the next two years. Against the background of the fact that the leading oil producers in the world are trying to agree on a certain "frozen" level …

Has the market reacted to the freezing of oil extraction?

Has the market reacted to the freezing of oil extraction?

Oil prices have been rising on world markets today. As of 9:27 PM MSK a barrel of Brent blend oil rose by 1.39% to $35.78. The cost of WTI crude oil rose by 0.88% and reached the level of $33.36. Recall that on ...

Moscow, Riyadh, Doha and Caracas decide to freeze oil output

Moscow, Riyadh, Doha and Caracas decide to freeze oil output

Russia and three OPEC member-states – Qatar, Venezuela and Saudi Arabia – agreed to freeze oil production at the level of January 11 at a meeting today in Doha. The Russian Federation was represented by the Minister of …

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 Russia revive #039South Stream#039?

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 …

Will Germany#039s support help #039Nord Stream-2#039?

Will Germany's support help 'Nord Stream-2'?

The German Federal antimonopoly department has given the green light to the creation of a joint venture on 'Nord Stream-2'. The corresponding request was sent earlier to the Polish antimonopoly regulator Urzad Regulacji Energetyki …

Will US become oil exporter?

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 …

Vagit Alekperov: oil prices to remain at current level in 2016

Vagit Alekperov: oil prices to remain at current level in 2016

Lukoil’s President Vagit Alekperov predicted that the oil prices will remain at the level of $42-47 per barrel in the next year. "I was at the meeting with OPEC member-states in Vienna where I talked with …

Vienna to host 168th OPEC meeting

Vienna to host 168th OPEC meeting

The 168th OPEC meeting will be held in the Austrian capital Vienna today. At its last meeting in June, OPEC made a historic decision to maintain oil production levels (30 million barrels per day) despite a slump in global oil …

Will Ukraine be able to survive in winter without Russian gas?

Will Ukraine be able to survive in winter without Russian gas?

Ukraine has decided to stop buying Russian gas the week before calendar winter, based on the warm weather, opportunity to take a part of European gas and future price cuts, officials and economists, commenting on cessation of supplies of Russian …

No reason for panic due to oil prices

No reason for panic due to oil prices

Analysts of the investment bank Goldman Sachs forecast a new fall in oil prices in the near future.  They explain this by a combination of proximity stocks of petroleum products, which …

Will Russian operation in Syria affect oil prices?

Will Russian operation in Syria affect oil prices?

According to the information of the recent trading, the oil prices "did not notice" the beginning of the Russian military operation in Syria: this morning the November crude oil futures have risen by 0.1% to $49.41 per barrel, WTI ...

Russian Ministry of Finance ready to fill budget with oil rubles

Russian Ministry of Finance ready to fill budget with oil rubles

The Russian Finance Ministry has prepared new proposals on taxes aimed at replenishing the budget. It is planned to take ruble revenues from oil exporters, who benefited in ruble terms from the fall in oil prices and the collapse of the ...