oil prices

Can LNG replace oil?

It may not kill oil entirely, but it could make it uncomfortable by eating into its demand in the key sector of transport

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U.S. dependence on Russian oil  becomes apparent

According to the Energy Information Administration, Russia has become a second oil supplier to the United States after Canada. The thing is that the U.S. has lost heavy oil from Venezuela due to its own sanctions.And it's Russian …

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Why Coronavirus fears hit ruble exchange rate?

The dollar exchange rate increased to 64.01 rubles at the Moscow Exchange today. As of 11:26 Moscow time, the dollar was 64.04 rubles (+0.23%), and the euro - 70. 96 rubles (+0.11%). For the last time, the dollar exchange rate …

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OPEC+ may meet early due to coronavirus?

OPEC and non_OPEC members are considering holding an emergency meeting in February, OPEC President, Algerian Energy Minister Mohamed Arkab said. As oil prices sink on concern the coronavirus outbreak will hit …

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EIA forecasts Brent may reach $183

The Energy Information Administration (EIA) in its Annual Energy Outlook 2020 projects the price of Brent crude oil to reach $183 per barrel by 2050. That is possible in the case of high costs and fewer easily accessible resources. …

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Oil prices dive as coronavirus spreads

Brent crude, the international benchmark, fell $1.79 a barrel, or 2.95%, to $58.90 per barrel by 0903 GMT, having earlier fallen more than 3% to its lowest level in almost three months.  West Texas Intermediate also fell, down by …

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BP CEO: days of oil at $100 per barrel have gone

There will be a reduction in use of oil over time, it will be displaced by natural gas or other things to generate power, BP group chief executive Bob Dudley said. He believes that the oil price of $100 per …

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WTI drops as Trump speech cools Iran war worries

Oil futures fell sharply, logging lowest settlement since mid-December, as comments from U.S. President Donald Trump calmed nerves surrounding a potential war with Iran. WTI crude for February delivery CLG20, +0.22% on …

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Euro drops below 68 rubles

The euro exchange rate declined below 68 rubles during the yesterday's trading on the Moscow stock exchange. The euro lost 1.23 rubles and was worth 67.925 rubles, while the dollar lost 0.70 rubles and was worth 61.11 rubles on the …

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