oil prices

Increasing oil price strengthens ruble

The ruble exchange rate has started to increase on the Moscow stock exchange today. The dollar exchange rate declined by 0.37 rubles and was worth 65.74 rubles, while the euro dropped 0.40 rubles and was worth 76.02 rubles. …

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Ruble down after Brent price drop

The ruble exchange rate began to decline on the Moscow stock exchange today. The dollar exchange rate increased by 0.47 rubles and was worth 67.06 rubles, while the euro rose 0.43 rubles and was worth 77.14 rubles. Brent oil …

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Russian oil companies to be obliged to refine oil

Russia's energy, finance and economic development ministries will oblige Russian oil companies to send at least 17.5% of their annual production to domestic oil refineries, according to the instruction given by Russian Prime Minister …

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Brent oil price jumps to $86

The international oil benchmark, Brent crude, rose above $86 per barrel yesterday evening, as traders considered reported declines in Iranian exports due to pending U.S. sanctions. The upturn in oil prices follows US Secretary …

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Putin names oil price satisfactory for Russia

The oil price of $65-75 is satisfactory for Russia, the country's President Vladimir Putin said at the plenary session of the Russian Energy Week. "We will be quite satisfied with $70, 65, 75 per barrel," …

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 Novak: Russia has room to raise oil output

Russia has not yet reached peak oil output and has room to raise it further, Energy Minister Alexander Novak said today on the sidelines of the Russian Energy Week forum. "We are expecting this year around 555 …

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What does $85 oil mean?

Oil prices were higher today ahead of upcoming U.S. sanctions on Iran starting next month. Oil prices continue to increase primarily on concerns that the sanctions on Iran and the collapse of Venezuelan production will lead to shortages, as …

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Oil hits four-year peak ahead of sanctions on Iran

U.S. oil prices hit their highest level since November 2014 and Brent crude was also near a four-year peak reached the previous day, with markets preparing for tighter supply once U.S. sanctions against Iran kick in next month. U.S. …

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Iran gives reply to 'oil bulls'

Managing director of the National Iranian Oil Company (NIOC) Ali Kardor said Tehran has no plans for any reduction in the country’s oil output despite the looming US sanctions. "We are not planning on …

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Brent oil up 20 cents but off four-year high

Oil prices steadied today as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production. Global crude oil benchmark Brent was up 20 cents at $81.92 a barrel by 8.20am GMT. …

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