oil prices

Iranian oil minister predicts $41 billion in oil export earnings

Iranian oil minister predicts $41 billion in oil export earnings

Iran will earn $41 billion from oil and gas condensate exports by the end of the present fiscal year in March, the Iranian Oil Minister Bijan Namdar Zanganeh said. "The sale of oil and condensates will reach $41 …

India#039s 2016 Iran oil imports hit record high - trade

India's 2016 Iran oil imports hit record high - trade

In most of 2016 there was a fight among Gulf producers to increase their market share

Oil output cut raises spectre of recession in Saudi Arabia

Oil output cut raises spectre of recession in Saudi Arabia

Still, this is unlikely to alter the government’s medium-term economic plans to overhaul public spending

Oil prices edge up

Oil prices edge up

World oil prices returned to positive dynamics lifted by reports of Saudi supply cuts to Asia. As of 08:48 (MSK), prices for March futures for Brent oil rose by 0.15% to $53.72 per barrel, the February futures price for WTI crude oil …

The Secrets Behind Russia’s 2016 Oil Success

The Secrets Behind Russia’s 2016 Oil Success

A combination of tax measures, the dollar's value and benefits of a cheap production

Russia starts oil output cuts

Russia starts oil output cuts

Russia has begun cutting oil output within the framework of last year's agreement among major producers to limit supply and bolster global prices, a source familiar with the course of the agreement said.

Oil Prices Fall On Concerns Of Rising US Production

Oil Prices Fall On Concerns Of Rising US Production

Most analysts see tighter-than-previously-envisaged balances for 2017

OPEC oil output falls from record highs

OPEC oil output falls from record highs

Saudi Arabia pumped less after seeing record output in November

Top OPEC members were putting #039pedal to the metal#039 ahead of planned output cuts

Top OPEC members were putting 'pedal to the metal' ahead of planned output cuts

Now, Saudi Arabia, Kuwait and the United Arab Emirates cut production

Oil Prices Boosted By Expected Drop In US Inventories

Oil Prices Boosted By Expected Drop In US Inventories

There are signs that oil producers will stick to agreed output cuts

  Iraq begins cutting oil output in keeping with OPEC deal

Iraq begins cutting oil output in keeping with OPEC deal

Iraq has begun implementing measures to reduce national oil output in keeping with an OPEC decision, the Iraqi oil minister Jabar Ali al-Luaibi said. "Iraq affirms its commitment to the OPEC decision which was …

Ruble grows amid growing oil

Ruble grows amid growing oil

Oil prices, after falling the day before, began to recover gradually due to a thorough implementation of the agreement on the production cuts. Thus, the March futures for Brent crude oil on London's …

Oil hits 18-month high as Kuwait, Oman fulfill OPEC cuts

Oil hits 18-month high as Kuwait, Oman fulfill OPEC cuts

Kuwait, Oman fulfill OPEC cuts and China’s manufacturing purchasing managers index stabilized

Success of OPEC deal still in doubt

Success of OPEC deal still in doubt

But crude oil prices bound to head higher in near term

 Brent above $58 per barrel for first time in 18 months

Brent above $58 per barrel for first time in 18 months

Brent crude oil rose above $58 per barrel for the first time since July 15, 2015. The prices of March futures for Brent oil have risen by 1.74% to $58.09 per dollar on the ICE Exchange in London, TASS reports. …

Russia, Azerbaijan, OPEC cut oil production

Russia, Azerbaijan, OPEC cut oil production

Agreement between OPEC and non-OPEC countries, including Russia, on oil production levels cut, aimed at stabilizing world oil market, will be implemented starting from today.  In total, OPEC cuts oil production by 1.2 million …

Oil is holding at its highest level in one and a half years

Oil is holding at its highest level in one and a half years

Oil prices will gradually rise toward $60 per barrel by the end of 2017

Has The OPEC Rally Gone Too Far?

Has The OPEC Rally Gone Too Far?

Oil prices continue to edge up as 2016 comes to a close, a dramatic turnaround for the industry compared to the start of the year

Why Iran#039s Rial Hit an All-Time-Low Against the US Dollar

Why Iran's Rial Hit an All-Time-Low Against the US Dollar

Today $1 costs 100 thousand Iranian rials, that is an all-time-low rate against dollar. Although several reasons for the slide have been put forward by economists – amongst them the strength of the dollar against other currencies in the …

Iraq commits to OPEC cuts

Iraq commits to OPEC cuts

Platts says expectations are high that markets will balance out next year

Putin: no one can create unsolvable problems for Russia

Putin: no one can create unsolvable problems for Russia

No one can create problems, which Russia would be unable to overcome, Russian President Vladimir Putin said at a festive reception in the Kremlin. "We worked tensely and we worked successfully. And we just spoke at …

Iran sees foreign investors flocking to energy sector

Iran sees foreign investors flocking to energy sector

The cost of doing business here is very low, an Iranian oil director says

Nabiullina: dependence of ruble on oil prices declines

Nabiullina: dependence of ruble on oil prices declines

The Bank of Russia does not expect serious shocks on the Forex market in any economic development scenario, the Chairperson of the Russian Central Bank …

Russia#039s Economy Goes Out Of Recession

Russia's Economy Goes Out Of Recession

It can surprise next year by accelerating growth to 1.5%

Oil prices dip in pre-Christmas trading

Oil prices dip in pre-Christmas trading

Brent crude oil prices struggle to break psychological threshold of $55 per barrel

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

Iraq Could Delay OPEC Production Cuts

Iraq Could Delay OPEC Production Cuts

If Iraq misses its target and a few others follow suit, the effectiveness of the OPEC deal could start to unravel

SOCAR grows overseas

SOCAR grows overseas

Azerbaijani State Oil Company plans to continue to expand

Oil Prices Rise On Expected Decline In US Crude Stocks

Oil Prices Rise On Expected Decline In US Crude Stocks

OPEC is shielding most of its Asian customers from the planned cuts

Russian President approves state budget for 2017

Russian President approves state budget for 2017

Russian President Vladimir Putin signed the law on the Russia’s federal budget for 2017 and the planned period of 2018-2019. The document was posted on the official website of legal information. The budget law for …