oil prices

Rosneft CEO predicts new oil era

The sanctions policy towards oil markets may lead to the commodity super-cycle and new record oil prices, Chief Executive Officer of Russia’s top oil producer Igor Sechin said at the St. Petersburg International …

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Novak predicts 2018 average oil price

The average oil price for the year would exceed Russia’s forecast of $60 per barrel, Russian Energy Minister Alexander Novak said. "In the current price, as it breaks through $80, there are a number …

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Brent oil hits $80

Brent crude oil is trading at over $80 per barrel for the first time since November 25, 2014, after the US broke the Iran nuclear deal and Total said it would likely withdraw from its South Pars commitments due to US sanctions. Today …

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Oil steadies boosted

It is supported by concerns that U.S. sanctions on Iran are likely to restrict crude exports from the country

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"Oil prices under influence of geopolitics"

Russia's Energy Ministry is not able to predict oil prices, the country's acting Energy Minister Alexander Novak said. Novak said that global oil prices are currently under the influence of geopolitics but …

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Could oil prices hit $100 per barrel?

Oil prices look set to temporarily hit $90 a barrel during the first half of next year, if not sooner, and risk spiking to as much as $100 a barrel, depending on geopolitical events and other factors, Bank of America Merrill Lynch analysts …

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Oil prices hit highest in years

Oil prices clocked up more multi-year highs on May 10 as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market.  Brent crude futures hit their strongest …

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Bent oil price hits 77$

Brent crude oil touched its highest since November 2014 at $77.20 a barrel. The benchmark contract was up $2.15 a barrel, or more than 2.8%, at $77.00 by 0730 GMT. US light crude was up $1.90 a barrel, or almost 2.8%, at $70.96, near …

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Novak pledges 100% compliance with OPEC+ deal

Russian Energy Ministry is committed to reaching 100% compliance with an international pact led by the Organization of the Petroleum Exporting Countries (OPEC) to reduce oil output in May, the ministry's head Alexander …

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WTI oil reaches highest since 2014 on Iran worries

US oil prices rose above $70 a barrel today for the first time since November 2014 over a looming decision on whether the United States will walk away from a deal with Iran and instead re-imposes sanctions on Tehran, keeping international oil …

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Oil settles near $70 as traders wait for Iran decision

Oil prices hit a new high for the year as domestic production continues about 10 million barrels per day (bbl/d) and traders continue to wait for the Trump administration’s decision about whether to exit the Iran nuclear deal. …

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