14.7 C
Monday, September 27, 2021
Home Tags Energy

Tag: Energy

Oil producing companies of Russia supported the deal, OPEC+ and confirmed their readiness to follow its terms. This was announced by Minister of energy Alexander Novak. He also noted the important role of the President in entering into a new agreement on oil
Quarantine measures and the risks of catching the virus in crowded places has forced citizens to go to the country house. "RG" figured out how to connect the house to utilities and provide it with an electrical autonomy
Late in the evening of 12 April (outside of signing of this number in print), the energy Ministers of the OPEC countries+ will hold a new videoconferencia – apparently, for the final initialling of the text of the agreement on joint reduction in the production of "black gold". In Russia, many industry experts believe that, without this agreement, the domestic producers would have to cut the power in half. Now the barrel there is every chance that his price went back to the bar at $40, maybe even higher. So the cost of the "barrel" will help the domestic budget go a year without "holes" that need to be close from the reserve funds. However, for the oil industry, revenues from which fill about half of the Treasury, and the contract threatens to decline by 15%.
An emergency meeting of OPEC countries+ scheduled for April 9, which will be held in format of teleconference – the center of attention of market players all over the world. The stakes are high: either the States together fail to agree on the reduction of production volumes of "black gold", or the barrel will fall to record low levels, bringing the economies of producing countries, and so lying on the side of the pandemic, a new untold disaster. A lot depends on participation in the dialogue States that have not previously been aside from cutting production. According to preliminary data, the consent to capacity limitation gave Norway, Brazil, Colombia, Egypt, Mexico, and Canada and the United States. However, the participation of the two countries in remote negotiations are not officially confirmed.
OPEC members+ have agreed on a deal to reduce oil production. Its volume will be 10 million barrels per day. Another 5 million barrels per day promise to reduce the production of countries not participating in the agreement
Until the end of the pandemic COVID-19 for employees of the NPP introduced a special environment. Some time they will spend in isolation in the departmental dispensaries. "RG" visited one of these resorts
The main intrigue of the world petroleum negotiations is whether countries involved in the new deal OPEC+, to persuade Mexico to accept the General conditions – lasted less than a day. Initially, Mexico refused to cut production by 400 thousand barrels per day. The next day the figure changed to 350 thousand, and the country was agree that 250 thousand of them took over the United States. Now the final approval of the transaction is expected in the evening of 10 April. In the conference of energy Ministers of "big twenty".
Negotiators OPEC+ reduction of oil production has failed to put the final point in the agreement because of the position of Mexico. The Minister of energy this country Nele Rocio Garcia - the only one who refused the offer of quotas to reduce production to maintain the price of a barrel. In the result, it was decided to continue negotiations on Friday, April 10.
Russia will participate in the meeting of the enlarged OPEC+, which is scheduled for April 9. This was reported in the Ministry of energy. It is expected that the negotiations will take part the US, UK, Canada, Norway and Brazil
To restore stability in the industry need to make a decision on coordinated action to reduce oil production. This was stated by Minister of energy Alexander Novak, noting that April 6 will be held online-meeting OPEC Ministers+
The Ministry of agriculture proposes to reduce the cost of electricity for farmers and agricultural cooperatives to the tariffs and sent it to the energy Ministry its proposals on this score
Russia has not agreed with its partners in OPEC+ on joint action to stabilize the oil market because of the impact of the epidemic of the coronavirus. In fact, the agreement to reduce production effective from the beginning of 2017, will cease to exist from 1 April this year
Minsk called the amount of compensation for "dirty" oil, which in the spring of 2019 admitted to the Druzhba pipeline from our country and disrupted the work of the Belarusian and European refineries. Russia will have to pay damages of more than $60 million, Another $300 million, according to the President of Belarus Alexander Lukashenko has promised to pay Moscow for the losses because of changes in conditions of supply of Russian raw materials. At first glance, it seems that lasted from the beginning of the year oil war between the two States is completed but before a final truce is still far. Belarusian President continues to say that he was ready to diversify the supply of hydrocarbons and is going to buy oil through Ukraine and the Baltic States.
The decline in the world oil market continued on Thursday morning. During the trading session, oil prices of North sea Brent crude at the moment fell to 1.64 per cent, to 51.94 per barrel. 
In the capital presented the scheme of a heat supply of Moscow by 2035. Consideration of one of the key documents, including the electronic model of city development on planning period the General plan of Moscow, passed casually and unnoticed for most people. And this business of modesty — very distinctive. Unlike fellow urbanists, drawing in their presentations Moscow as the city of eternal summer with bike lanes and pedestrian streets, energy looking at the situation realistically. And the reality is that Moscow — one of the coldest capitals in the world: the heating season lasts seven months a year. And if a beautiful modern swings and benches can be used only in the warm season, the importance of stable and uninterrupted heat supply of the city is difficult to overestimate.

Top News

Breaking News