23.2 C
Fairview
Sunday, September 19, 2021
Home Tags Oil and gas

Tag: Oil and gas

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
New business OPEC+ helped to avoid the chaos, said in the Kremlin. "And now helps to maintain more or less stable price dynamics", - said the press Secretary of the President Dmitry Peskov
OPEC+ agreed on all the terms of a new deal on the reduction of oil production. The total reduction of all 23 countries participating in it, will amount to 9.7 million barrels per day
The government has included all kinds of motor fuel in the recommended list of non-food commodities. Still it only means liquefied natural gas
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
Mexico is ready to cut oil production at 100 thousand barrels per day under OPEC deals+ in the next two months. Thus, according to the Minister of energy of the country Rocio Nala, the production volume will reach 1,681 million barrels per day
OPEC members+ have agreed a new deal to reduce oil production, which will run until may 1, 2022, said Minister of energy of Russia Alexander Novak. For the first two months of production will reduce by 10 million barrels per day
Today held the first meeting of OPEC countries+ by reduction of oil production since the failure of the last transaction. Depending on the outcome, the ruble may have to wait several scenarios, from a steady strengthening to a significant weakening
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
The call on OPEC+ postponed to April 9 due to technical reasons, said the press Secretary of the President Dmitry Peskov. "Training is conducted", - said the representative of the Kremlin
Russia is ready to join efforts with other countries to cut oil production about 10 million barrels a day, said Vladimir Putin. "Of course, all of this should occur in a partner," the President added
Vladimir Putin is set to constructive negotiations on oil. This was stated press Secretary of the President Dmitry Peskov, adding that there is no other alternative to stabilize the international energy market
In 2019 for geological exploration in Russia has been allocated 25.5 billion roubles, and in 2020 - 29.2 billion, the best growth stocks of the resource base, according to experts, it is necessary to increase state financing of geological exploration at least twice
The situation in the oil market can be associated with attempts of Saudi Arabia "to get rid of competitors that produce "shale oil". But such goals never set, said President Vladimir Putin. In his opinion, all parties are interested in joint concerted action
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+
Volumes of export of Russian oil is not threatened, this is confirmed by statistical data, said the head of the national energy security Fund Konstantin Simonov. However, he noted that setting such low prices for a long period would be extremely undesirable for Russia
The cost of Russian oil mixture Urals at sites in Northwest Europe dropped to $ 13 per barrel. This price includes the cost of freight of vessel and cargo insurance up to arrival at destination port
The price of a barrel of Brent oil on the ICE exchange in London fell by 8 percent and amounted to 22.86 dollars per barrel. In recent times the cost of the raw materials of this brand was at such a level in November 2002
"Rosneft" has stopped operations in Venezuela and sold assets associated with this Latin American state. In the state-owned company explained this decision by obligations to shareholders. Now there are counting on the lifting of sanctions against subsidiaries of PJSC
The coronavirus is really removed from the price of oil $ 25 per barrel, said Deputy Minister of energy of the Russian Federation Pavel Sorokin. He also called the fair value of raw materials, in which the oil market will function normally
The collapse of oil prices in world markets and the coronavirus led to a decrease in salaries of employees of oil companies of the United States. So, from April, the rank and file employees will lose about 30 percent of their income, and Executive Director - more than 80 percent
Prices for European Brent crude oil was able to secure a two-day growth against the background of the news about the possible creation of an oil Alliance between the United States and Saudi Arabia. The experts doubt that such an Alliance will be able to stabilise prices
The decrease in quotations of the barrel will not stop the growth of shale production in the United States, even when prices fall below $ 30, says Deputy Minister of energy Pavel Sorokin. In his opinion, production will continue, just will slow down its growth rate
The price of oil will be 35-40 dollars per barrel. This opinion was expressed by first Deputy Prime Minister Andrei Belousov. He also noted that in the current economic situation requires the support of domestic producers
The prices of basic grades of oil since early morning trading on the London stock exchange rose. The cost of "black gold" of Brent crude rose to 28.8 dollars per barrel, WTI -up to 27.3 per dollar for the same amount
Quotes of barrel of Brent crude oil fell below $ 27 for the first time since November 2003. Today is set to be released US Department of energy on oil reserves. If they confirm the statistics API, it will support prices
The price of Brent crude oil fell to 30,85 per barrel for the first time since February of 2016. The cost of "black gold" began to fall from the beginning of the year because of lower consumption in the epidemic of the coronavirus
Last week, the dollar climbed to a mark of 76 rubles. To predict the ruble, even for a short time is impossible due to unpredictable reactions to COVID-19 and surges in oil prices. But while it is at an acceptable level, according to the government
The budget deficit may amount to 1 percent of GDP if the current price of oil and revenues from oil and gas exports will shrink by 2 trillion rubles. This was stated by Finance Minister Anton Siluanov
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
Russia rejected the proposals of partners in OPEC+ on additional reduction of oil production before the start of negotiations in Vienna. The parties to the transaction have informed the Minister of energy Alexander Novak
Ministers of the organization of countries-exporters of oil at a meeting in Vienna approved a further reduction of the production of "black gold" by 1.5 million barrels a day. This decision was influenced by the spread of the coronavirus
Oil prices continue to rise in anticipation of the OPEC meeting+ in Vienna on 5-6 March, but the meeting could be a formality. Too high a risk that reports of coronavirus eliminates the effects of the agreement on production cuts
The legislation which regulates the process of gasification of settlements, it is necessary to change, I'm sure the Federation Council speaker Valentina Matvienko. It considers unacceptable the situation when the level of gas in the country is only 70 percent
The situation with coronavirus in our country under control, but a negative impact on the world economy, the oil market is obvious, and you need to decide how to react. This was stated by President Vladimir Putin at a meeting with officials and oil companies
The current price of oil is acceptable for the Russian economy, said Russian President Vladimir Putin. According to the head of the state, accumulated reserves will be enough to ensure compliance with all fiscal and social obligations
The price of Brent crude oil fell below $ 50 per barrel and continue to fall. According to most experts, OPEC+ will be able to maintain the price of oil, if the decision on additional decrease in the production of

Top News

Breaking News