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News // Поиск по тегу 'oil prices'

Russia says 6-month oil output freeze most efficient

Freezing global crude oil production for 6 months with an option for an extension would be the most appropriate and efficient way to rebalance the market, said Russia’s Energy Minister Alexander Novak.

18 October 2016 , 10:08Tsvetana ParaskovaNeftegaz.RU0

Venezuela president about Russia and «new mechanism» for higher oil prices

The price of crude has recovered in the last days but the recent period of low oil prices has been deeply hurtful for producers like Venezuela who are heavily dependent on crude exports.

12 October 2016 , 14:26Neftegaz.RU0

Sechin: Rosneft will not cap oil production as part of a possible agreement with OPEC

«Why should we do it?» Sechin told in Istanbul on Monday evening.

11 October 2016 , 14:02Neftegaz.RU0

Russia takes a swipe at OPEC freeze deal by maintaining price forecast at $40

Russia, whose economic future is said to revolve around crude prices at the $40 level, is maintaining its outlook that this price level will be the average in the next three years – despite oil climbing to near $50 in the wake of this week's Organization of the Petroleum Exporting Countries' deal to cut production.

04 October 2016 , 15:04Neftegaz.RU0

Is Russia about to ruin the oil price revival?

Alexander Novak said that Russia has no immediate plans to change its current level of oil output, which is at near-record levels.

30 September 2016 , 15:12Julianne GeigerNeftegaz.RU0

Russia: Oil production freeze not essential

It's not essential to use artificial action on the energy market to correct the imbalance between supply and demand, Russia's energy minister said from Algeria.

27 September 2016 , 17:00Daniel J. GraeberNeftegaz.Ru0

Iran to attend key oil meeting in Algeria

Attending the 15th Ministerial Meeting of the International Energy Forum (IEF), Iranian oil minister will deliver a speech in the first session of the Forum.

26 September 2016 , 15:36Neftegaz.RU0

OPEC Secretary General: Fair price necessary for oil market stabilization

If the oil price is fair for both supply and demand side, a stable oil market can be formed, Secretary General Mohammed Sanusi Barkindo said.

26 September 2016 , 13:00Neftegaz.RU0

Russia's energy minister: No oil production cuts on table

Russia's energy minister said there are no proposals on the table to cut crude oil production, though a move to hold levels steady is under review.

23 September 2016 , 14:11Daniel J. Graeber0

President Rouhani in Venezuela: Iran supports oil market stabilization

President Hassan Rouhani says Tehran supports any move for stabilization of the market and improvement of oil prices based on justice, fairness and observation of fair quota for the producing countries.

19 September 2016 , 13:00Neftegaz.RU0

International Energy Agency sees 8% drop in world energy investment

Global energy investment in 2015 amounted to $1.8 trillion, down 8% (in real terms) from 2014, according to a survey published by the International Energy Agency.

15 September 2016 , 17:29William PowellNeftegaz.RU0

Most oil industry experts see oil below $60 through 2017

Most top experts from the oil industry do not expect oil prices to trade beyond $60 per barrel in the next 12 months.

09 September 2016 , 18:20Charles KennedyNeftegaz.RU0

Saudi wants a freeze and prices north of $60, say OPEC/Industry sources

While skepticism has greeted Saudi Arabia's suggestion it will be more agreeable in the upcoming OPEC´s freeze talks, new rumours that it will support an output cap in order to maximize the profitability of its state-owned Aramco IPO are gaining traction.

02 September 2016 , 16:10Ship & BunkerNeftegaz.RU0

RIA Rating: Russian oil production to hit new record in 2016

Russia will achieve record oil production volume in 2016, said the Rossiya Segodnya International Information Agency’s rating experts (RIA Rating).

25 August 2016 , 18:17SputnikNeftegaz.RU0

Malaysian Petronas reported a 96% drop in its net profit for the 2Q 2016

Petronas has seen its profits shrink 96% last quarter, as ongoing lower oil prices have crushed net income from 9.1 billion ringgit a year ago to 348 million in Q2 2016.

23 August 2016 , 12:17Neftegaz.RU0

OPEC President: despite the current decline, oil market on the path to rebalancing

«Higher oil demand is expected in the 3rd and 4th Quarters», said His Excellency Dr. Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry and current OPEC President.

08 August 2016 , 12:35Neftegaz.RU0

Kuwait to raise petrol prices by 83% from 1 September

The Kuwaiti government announced the decision on August 1, 2016. The price hike is part of economic reforms aimed at countering falling oil revenues.

03 August 2016 , 09:04Neftegaz.RU0

Iran Sold Poland 2 mln Barrels of Oil

Iran has sold a major cargo of crude oil to Poland, a move which could intense rivalry with Saudi Arabia and Russia in supplying the markets of northern Europe.

07 July 2016 , 10:43Neftegaz.RU0

Minister Del Pino: «The actions of the Bolivarian Government have helped price recovery»

The President of Petroleos de Venezuela, S.A. (PDVSA), Eulogio Del Pino said in an interview with journalist Jose Vicente Rangel, that the actions of the Bolivarian Government led by President of the Bolivarian Republic of Venezuela, Nicolas Maduro, have been a key factor in oil price recovery.

05 July 2016 , 09:37Neftegaz.RU0

Weak German growth drags oil below $94

The price of fell below $94 on Wednesday after Germany, Europe's largest economy, reported anemic growth for the first quarter.

15 May 2013 , 14:42Neftegaz.RU0

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