oil prices

 OPEC+ monitoring committee to meet in Oman on January 21

Ministers from leading OPEC and non-OPEC producers will discuss the possibility of a smooth exit from a global deal to cut oil output at a ministerial monitoring committee meeting in Oman, which is scheduled for January 21, Russian Energy …

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Lukoil CEO: exit from OPEC deal should be smooth

Lukoil CEO Vagit Alekperov said that Russia should start exiting a global oil output cut deal if crude prices remain at $70 per barrel for more than six months. "If the price of $70 remains for more than half a …

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Kazakhstan has no plans to decline oil output

Kazakhstan produced 86.2 million tonnes of oil in 2017, up from 78 million tonnes a year earlier, the country's Economy Minister Timur Suleimenov said. The minister said that the Central Asian nation plans to produce just as much or …

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 Russia to purchase record volume of dollars

Russia's finance ministry said it will increase its daily purchases of foreign currency for state reserves to the equivalent of 15.1 billion rubles ($265.10 million) between January 15 and February 6. Total purchases for the …

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Oil prices approaching $70 per barrel

Oil prices hit their highest since 2014 today due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating. WTI crude futures were at $63.44 a barrel, 0.8% above their …

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Brent oil price hits $68.11

U.S. oil prices hit their highest since 2015 again today as speculators bet on further price rises amid OPEC-led production cuts and a dip in American drilling activity. Brent crude futures were at $68.11 a barrel, 0.5 percent above …

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Brent price hits three-year highs

This morning, prices for March futures for Brent oil rose by 2.1% to $68.01 per barrel. According to experts, oil prices rose to a three-year high on Wednesday as ongoing antigovernment protests in Iran, the Wall street Journal …

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What does 2017 bring for oil market?

2017 was hard, but productive year for the world oil market, energy experts said in an interview with Vestnik Kavkaza, summing up the oil results of this year. The executive vice-president of NewTech Services, professor of the Gubkin …

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What does 2017 bring for Russian economy?

Transition from recession to modest growth was the main result of Russian economy this year, economists said in an interview with Vestnik Kavkaza, speaking about the most significant economic events of 2017. The advisor on …

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