oil prices

Russia-OPEC: two months before dialogue

Russia-OPEC: two months before dialogue

Russia Needs Data on Oil Supply, Markets to Decide on More Cuts

Oil factor in economies of Azerbaijan and Kazakhstan

Oil factor in economies of Azerbaijan and Kazakhstan

Moody's: Kazakhstan more resilient than Azerbaijan in adjustment to lower oil prices

World oil prices rising

World oil prices rising

Oil prices on world markets returned to positive dynamics on the background of decline in the dollar exchange rate. The prices of May futures for Brent oil increased by $0.26 (0.51%) to $51.01 per barrel on the ICE Exchange in …

Novak: Russia to receive additional $26 bln

Novak: Russia to receive additional $26 bln

Russia's budget in 2017 may receive additional revenues of some 1.5 trillion rubles ($25.9 billion) if global oil prices stand at the range of $50-$60 per barrel, the Russian Energy Minister Alexander Novak said. …

This is how many barrels of oil the 13 OPEC countries produced last month

This is how many barrels of oil the 13 OPEC countries produced last month

The oil cartel continues to dominate global oil markets

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

Russian Finance Ministry: Oil prices may return to $40 level

Russian Finance Ministry: Oil prices may return to $40 level

Oil prices may return to the level of around $ 40 per barrel in the medium term, director of the revenue department of the Russian Finance Ministry Yelena Lebedinskaya said. "In principle, we expect that we will …

New Projects, Shale Boom Could Trigger Oil Oversupply by 2018-19

New Projects, Shale Boom Could Trigger Oil Oversupply by 2018-19

OPEC will have to extend its oil output curbs in order to sustain a recovery in prices

Oil prices rising again

Oil prices rising again

World oil prices are rising in the course of trading on the London and New York stock exchanges. The cost of the May futures of Brent crude oil on London's ICE trading have risen by $0.38 (0.75%) to $51.02 per barrel, as of 08:15 …

Oil prices are entering a bearish trend despite supply deal

Oil prices are entering a bearish trend despite supply deal

Oil prices have entered a bearish trend despite short-term bounces, supply cuts and improved demand estimates

Russia on cusp of exiting junk as SP outlook goes positive

Russia on cusp of exiting junk as S&P outlook goes positive

Relatively low oil prices, structural impediments, and sanctions will continue to impinge upon the rebound in GDP

 Saudi minister: oil production cuts may be extended if necessary

Saudi minister: oil production cuts may be extended if necessary

OPEC and its allies may prolong production cuts after they expire in June if the world’s crude inventories remain excessive, Saudi Arabia’s Energy Minister Khalid Al-Falih said. The curbs will be …

Vasily Yakimkin: US Federal Reserve will inflict double blow on ruble

Vasily Yakimkin: "US Federal Reserve will inflict double blow on ruble"

The US Federal Reserve will hold a meeting this evening, during which, as expected by the vast majority of analysts, its interest rate by 0.25%, to 0.75%-1%, which will lead to technical price increase of the dollar compared to other …

Oil drops after Saudis tell OPEC they reversed some output cuts

Oil drops after Saudis tell OPEC they reversed some output cuts

Extending OPEC’s cuts will accelerate the re-balancing of the market and help prices to return to “acceptable” levels

 Oil prices show positive dynamics

Oil prices show positive dynamics

World oil prices are rising in the course of trading on the London and New York stock exchanges. The cost of the May futures of Brent crude oil on London's ICE trading have risen by 1.41% to $51.64 per barrel. The April …

Russia#039s economic development minister: oil price declines due to several factors

Russia's economic development minister: oil price declines due to several factors

Decline of oil prices is due to several factors, including production growth in the US and possible changes in the further actions of the OPEC, Russia’s Economic Development Minister Maxim Oreshkin said. "The …

US oil depreciates OPEC agreement

US oil depreciates OPEC agreement

The cost of Brent crude oil decline bellow $51 per barrel for the first time since November 30, 2016. As of 5:44 (MSK) the prices of May futures for Brent oil fell by 0.70% to $50.94 per dollar on the ICE Exchange in …

Iran and Iraq to r up oil production despite OPEC cuts

Iran and Iraq to ramp up oil production despite OPEC cuts

They are exploiting Saudi Arabia’s precarious position by taking steps to boost production

Anti-Muslim policies may portend oil industry brain drain

Anti-Muslim policies may portend oil industry brain drain

The American oil industry desperates for specialists from majority-Muslim nations

Oil prices dropping suddenly

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 …

Brent price increases to $53.55

Brent price increases to $53.55

The prices of May futures for Brent oil have risen by 0.83% to $53.55 per dollar on the ICE Exchange in London, as of 08:42 (MSK), RIA Novosti reported. The April futures for WTI oil gained $0.64% and reached $50.59 per barrel at the …

Iraq and Iran agree to resolve dispute on joint oil fields

Iraq and Iran agree to resolve dispute on joint oil fields

Iraq and Iran occasionally accuse each other of overstepping when it comes to the shared oil fields

Russia#039s Novak to meet with OPEC Secretary-General

Russia's Novak to meet with OPEC Secretary-General

Russian Energy Minister Alexander Novak will meet with OPEC Secretary-General Mohammad Sanusi Barkindo on the margins of the CERAWeek conference in Houston. "I think we will certainly meet on …

Saudi Arabia cuts light oil prices to Asia

Saudi Arabia cuts light oil prices to Asia

Global oversupply persists

Oil prices decline as U.S. stockpiles set record

Oil prices decline as U.S. stockpiles set record

U.S. crude stockpiles are jeopardizing OPEC’s efforts to drain a global surplus

 Sharp rise in Iran#039s crude oil shipments to Europe

Sharp rise in Iran's crude oil shipments to Europe

Iran is making rapid forays into the European crude oil market

 Kazakhstan to stop buying oil in 2019

Kazakhstan to stop buying oil in 2019

After the modernization of three Kazakh refineries the refining volume in Kazakhstan will increase to 17.5 million tons by 2019, the country will be fully provided with its own oil products, the Kazakh Energy Minister Kanat …

OPEC Lost $2 Trillion In Oil Price Slump

OPEC Lost $2 Trillion In Oil Price Slump

Extending the cut will also increase the likelihood of some OPEC members giving in to the temptation to cheat

Lukoil interested in Middle East

Lukoil interested in Middle East

Lukoil's Middle East head sees oil at $55-$65 a barrel on cuts

Middle East petrostates moving beyond crude oil

Middle East petrostates moving beyond crude oil

Diversification brings in Japanese partners, including at Dubai refinery