oil prices

 Brent oil down to $64.27 per barrel

Oil prices largely held on to gains on November 7 after posting the biggest rise in six weeks a day earlier, buoyed by moves by Saudi Arabia’s crown prince to tighten his grip on power and rising tensions between the kingdom and Iran.

 Brent rises to two-year high after Saudi Arabia purge

Brent oil price has hit its highest level since July 2015 after Saudi Arabia’s crown prince increased his power in the kingdom by launching an anti-corruption purge over the weekend. Analysts said the uncertainty generated by the …

 Urals crude price rises by 25.6%

Average price of Russia’s Urals oil rose 25.6% to $51.5 bbl from January to October, 2017 (compared to the same period in the previous year), the Russian Finance Ministry said. Average price of Urals oil rose 17% to …

Brent crude hits two year high

Brent crude, the global benchmark for oil trade, opened above $60 per barrel on Monday, close to its highest level since July 2015. Brent crude jumped $0.14 to $60.58 per barrel as of 14:20 (MSK). U.S. West Texas Intermediate …

Novak predicts increase in oil consumption

International oil consumption will increase by 1.5–1.6 million barrels per day in 2017, Russian Energy Minister Alexander Novak said, speaking at a Russia Calling investment forum. "The key factor for …