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Economy // Russia bases economic forecast on $40 oil

The Central Bank of Russia lowers rates and forecast for economic growth in 2017, basing its forecast on oil priced at $40 per barrel. For the 1st time since June 2016, the bank said it lowered its key rate by a half percent to 10%, saying it was forecasting «unstable economic activity».

19 September 2016 , 00:09Daniel J. GraeberNeftegaz.RU3020

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Economy // Petrobras cuts planned investment by 25%

Brazilian Petrobras cut its investment budget for the coming years and plans to raise more cash from the sale of assets, amid efforts to reduce its huge debt.

21 September 2016 , 10:11Neftegaz.RU2180
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Will the russian Turkish stream be launched, or an apology to Erdogan is not enough?

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