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Vladimir Putin played a decisive role in the transaction OPEC+

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  Yesterday in Vienna the meeting of the members of the Organization of countries-exporters of oil (OPEC+), during which they discussed the possibility of reducing production in 2019 in order to avoid excess supply of this energy source and reducing its cost. Ultimately, the parties agreed to reduce oil production …

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Putin and Saudi Prince picked up the oil

The price of Brent crude oil rose by five percent on news that Russia and Saudi Arabia agreed to extend the agreement OPEC+, according to the auction at the London exchange ICE. On the morning of 3 December futures contract for a barrel of Brent oil for delivery in February …

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Saudi Arabia hits record oil production

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Saudi Arabia hits record oil production. As reported by the Agency Bloomberg informed source, at present, the daily Saudi production is 11.2 million barrels. Based on earlier data, Saudi Arabia produced an average of 10.8-10.9 million barrels of oil per day. The Kingdom increases production in response to increased demand …

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Rosneft is deeply stuck in the “oil quagmire” of Venezuela

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Last week, the head of “Rosneft” Igor Sechin travelled to Venezuela, and this visit was not public. He held talks with President of Venezuela Nicolas Maduro, which have claimed delays in the supply of oil. This, in particular, said informed sources. As reported by Reuters, Sechin arrived in Caracas led …

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Trump thanked Saudi Arabia for the falling oil prices

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The us President said that the fall in oil prices is comparable to tax cuts for US and he is grateful for that of Saudi Arabia. “Let’s even lower,” asked trump to the Saudis The President of the United States Donald trump thanked Saudi Arabia for the falling oil prices. …

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The cost of Brent crude fell by more than 5%

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The price of “black gold” standard grades in the course of trading on Tuesday evening showed a sharp drop in the price of Brent crude fell below $64 a barrel for the first time since March 9, 2018. To 18:16 GMT January futures for North sea petroleum mix of mark …

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Complete collapse: the Kremlin is tempted cheap oil

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Wednesday, November 14, happened the unexpected collapse of the oil market. American WTI fell by 7.1% to $ 55,69 per barrel, and in the course of trading, the price fell below $ 55. This is the most significant drop in 2015. While WTI is cheaper 12 consecutive trading sessions, which …

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Adventures of petrol in Russia

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Oil rises in price — gasoline rises in price. Oil is cheaper — more expensive gasoline. Gasoline driven. Whether as gasoline. Jokes aside, and what is happening around the gasoline story is actually very interesting. And not just from a purely practical point of view — how much and when …

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