oil prices

Saudis losing market share to Iran, Iraq on oil cuts

Saudis losing market share to Iran, Iraq on oil cuts

as a result of OPEC’s agreement to curb supplies to bolster prices

North Sea Oil Floods to Asia Like Never Before on OPEC Cuts

North Sea Oil Floods to Asia Like Never Before on OPEC Cuts

The aim of current cuts to reduce inventories to below their five-year average has failed

Oil Prices Edge Higher From OPEC Boost

Oil Prices Edge Higher From OPEC Boost

But increasing shale production in the U.S. and still-high global stocks threatened to pull prices lower

China seen moving swiftly to rein in oil blending frenzy

China seen moving swiftly to rein in oil blending frenzy

When the consumption tax takes effect, China's exports of gasoline are expected to drop

 Russia to be third largest supplier of goods to EU market

Russia to be third largest supplier of goods to EU market

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Russia's economy will grow by 1.2% this year and by 1.8% next year

Oil prices decline on growing US drilling activity

Oil prices decline on growing US drilling activity

Oil prices dropped this Monday morning in Asia following a three-day Easter break as investors digest North Korea’s failed missile launch. As of 14:28 (MSK), WTI Oil was down 46 cents or 0.86% at $52.72 per barrel. Brent Oil was …

Oil set for longest gain since 2012

Oil set for longest gain since 2012

as Saudis seen extending cut

Russia, Belarus sign documents to settle oil, gas disagreements

Russia, Belarus sign documents to settle oil, gas disagreements

Russian Energy Minister Alexander Novak and Belarusian Deputy Prime Minister Vladimir Semashko have signed documents to settle disagreements in the oil and gas sphere, Russian Deputy Prime Minister …

Bank of Russia warns of oil declining to $40-45 per barrel

Bank of Russia warns of oil declining to $40-45 per barrel

Short-term global oil prices could decline to $40-45 per barrel, Bank of Russia's First Deputy Governor Ksenia Yudaeva said. She recalled that the six-month agreement between major oil producers has balanced the …

Saudi Arabia to extend oil output cuts - media

Saudi Arabia to extend oil output cuts - media

Saudi Arabia is likely to support extending OPEC output cuts into the second half of 2017 in an effort to boost oil prices, Bloomberg reported. OPEC is scheduled to gather in Vienna on May 25 to discuss whether to roll over for another …

Oil prices rising as US crude supplies drop

Oil prices rising as US crude supplies drop

The prices of June futures for Brent oil have risen by 0.30% to $56.40 per dollar on the ICE Exchange in London, as of 08:22 (MSK). The May futures for WTI oil gained 0.26% and reached $53.54 per barrel at the New York Mercantile …

Oil prices edge up as geopolitics dominate

Oil prices edge up as geopolitics dominate

The U.S. move has stoked concerns of possible retaliation from Iran and Russia

Iran struggles to expand oil exports

Iran struggles to expand oil exports

as its sea storage cleared

Brent and WTI increasing after US launches missile strike in Syria

Brent and WTI increasing after US launches missile strike in Syria

Oil prices increased today after the US missile strikes on a Syrian airfield, media reported. The June futures for Brent oil increased by $ 0.87 (1.58%) to $55.76 per barrel on the ICE Exchange in London, as of 8:05 Moscow …

China Becomes Biggest Buyer of US Oil

China Becomes Biggest Buyer of US Oil

American Exports Hit Record

Brent price declines to $53.4

Brent price declines to $53.4

The cost of the June futures of Brent crude oil on London's ICE trading decreased by $0.14 (0.26%) to $53.39 per barrel. as of 07:58 am. The May futures for WTI oil decreased by $0.09 (0.18%) and reached $38.70 per barrel at the New …

Current quarter promises to be oil market#039s worst-performing since 2015

Current quarter promises to be oil market's worst-performing since 2015

As investors fret that growing U.S. supplies are undermining OPEC-led cuts

This is what#039s really behind the recent US oil production boom

This is what's really behind the recent US oil production boom

U.S. oil production growth was almost entirely the result of offshore wells

Dollar returns in July 2015

Dollar returns in July 2015

There was a sharp decline in the dollar exchange rates today on the Moscow stock exchange. Dollar fell below 56,55 rubles for the first time since mid-July 2015, reaching 56.36 rubles. The euro exchange rate declined by 0.29 rubles to 60.63 …

Oil#039s Magic Numbers

Oil's Magic Numbers

The magic range between despair and euphoria for oil producers of roughly $40 to $60 has become so tight

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 …