oil prices

Brent oil exceeds $67

Oil prices rose today as expectations that the OPEC would start cutting supply overshadowed a big crude stock build last week. WTI Futures for December delivery traded 0.6% higher to $56.77 per barrel at 1:08 AM ET (05:08 GMT) on the …

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Putin names comfortable for Russia oil price

Russian President Vladimir Putin said that Russia is fine with the oil price of around $70 per barrel. Speaking at the press conference, he noted that "a reasonable price both for producers and consumers is …

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Brent $65, WTI $55 - What's going on?

U.S. oil prices wavered early today as investors continued to wrestle with rising crude supplies against lingering questions about demand. Global benchmark Brent crude is now down about 24% from its peak in October, with January Brent …

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Brent oil trades below $65

January 2019 futures for Brent crude oil were trading below $65 per barrel for the first time since March 16, according to the London-based ICE stock exchange data. The trading began at $69 per barrel and the price lost 7.30% throughout …

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Russia earns nothing from expensive oil

Russia's economy has received almost nothing from high oil prices, as all the income was evened by  a net capital outflow, which was intensified as a result of the fear of new sanctions, Chief Economist of VEB development bank …

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 Oil price to reach $137 in 2040?

The International Energy Agency (IEA) has improved its forecast for oil price by 6% to $88 per barrel in 2025 and by 0.9% to $112 per barrel in 2040, according to IEA’s World Energy Outlook 2018 report. According to the New …

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 Brent oil drops below $69

The price of international benchmark Brent crude oil futures fell below the $69-a-barrel mark today for the first time since April 10 to $68.9, TASS reported. Saudi Energy Minister Khalid al-Falih said on Monday the …

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Oil price slides to crisis levels

The price of Brent crude oil fell below the $70-a-barrel mark today for the first time in seven months, moving to the brink of bear-market territory. As of 15:57 (MSK), Brent crude reached $69.87 a barrel on ICE Futures Europe. Brent …

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Zangeneh: oil prices to rise soon

U.S. sanctions on Iran's oil sector will lead to "painful months" for consumers worldwide as oil prices rise, Iranian oil minister Bijan Namdar Zangeneh said. According to IRIB News, Zangeneh said that …

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Trump on low oil prices: 'That's because of me'

U.S. President Donald Trump claimed credit for falling oil prices, glossing over market forces that knocked crude futures from four-year highs last month. He also appeared to hint that his administration may not tighten …

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Oil prices decline as U.S. grants Iran sanctions waivers

Oil prices fell today as the start of U.S. sanctions against Iran's fuel exports was softened by waivers that will allow major buyers to still import Iranian crude. But Tehran said it would ignore Washington and continue to sell its …

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Oil prices down on surging output, but sanctions loom

Oil prices fell today as surging output by the world's three largest producers outweighed supply concerns from the start of U.S. sanctions next week against Iran's petroleum exports. Brent crude futures were at $72.60 per barrel …

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