oil prices

Brent oil exceeds $65 for first time since 2015

The price of the Brent crude oil futures contract for February delivery rose by 0.8% to $65.19 per barrel in the course of trading on the London’s ICE Exchange. The last time the price of Brent crude rose above $65 per barrel was …

Urals oil price increases by 27.3% this year

The average price of Urals oil in January-November 2017 was $52.17 per barrel, the website of the Russian Finance Ministry said. In 2016 the average price of Urals oil was $41.02 per barrel. Accordingly, in annual terms, …

 OPEC+ saves oil for another year

The decision of OPEC and non-OPEC producers to extend oil output cuts until the end of 2018 had a positive effect on the oil marketsю Brent crude oil for February delivery are at $63.13 a barrel, and U.S. West Texas …

OPEC+ sees encouraging dynamics of oil demand in 2018

Compliance of OPEC and non-OPEC countries with the oil production limiting agreements makes possible to slash commercial oil inventories and revise oil demand outlooks, Russian Energy Minister Alexander Novak said on Wednesday, …

Novak says who wants to extend OPEC-led deal

Almost all OPEC+ countries support an extension of oil cuts, Russia's Energy Minister Alexander Novak said The minister said in a television interview posted on the energy ministry’s website that …

 Russian Energy Ministry gives oil price forecast

The Russian Energy Ministry still expects oil prices to stay in a range of $50-60 per barrel in 2018, the country's energy minister Alexander Novak said on the sidelines of the summit of the Gas Exporting Countries Forum. …