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Russia has refused to coordinate oil production with OPEC

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Russia is not discussing with the Organization of countries-exporters of oil (OPEC) issues of coordination in the market after unsuccessful negotiations to freeze production at the April meeting in Qatar. This was announced by Russian energy Minister Alexander Novak in an interview with Reuters. “This issue was raised only last …

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The energy Ministry predicts decline in oil prices

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Russia is not discussing more with the club of oil producers-OPEC coordination. This was announced by energy Minister Alexander Novak, reports Reuters. According to him, it happened after the spring of this year the countries-oil exporters are unable to agree on freezing the level of oil production. Novak noted that …

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Oil production in Iran exceeded 4 million barrels per day

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Iran continues to increase its oil production and has now brought it to the level of about 4.1 million barrels per day. This was stated by the head of the Association of Iranian oil and gas equipment manufacturers Reza Padidar. “Crude oil production in the country in the spring and …

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“Transneft” requires greater punishment for oil theft

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Today, July 19, Vice-President “Transneft” Vladimir Rushailo said that the need to improve the safety of the pipeline from unauthorized tie-ins, and also toughen the penalty for those who participate or condone the organization of these frames. According to Rushailo, the siphoning of oil or oil products need to call …

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Media in Belarus: Moscow wants Minsk before choosing

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“Oil and gas dances: Putin does not want to give in Minsk,” — under this title “Belarusian business newspaper” (12.07) reports on the results of the meeting of the Prime Ministers of Russia and Belarus, to discuss in Moscow problems of the Belarusian-Russian economic co-operation and interaction within the Eurasian …

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Ruble rid of oil. Stormed one-year highs

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On without oil. Correlation between the Russian currency and the price of “black gold” in recent years, is rapidly declining. Cheaper barrel, and the ruble, on the contrary, strengthened. And while analysts get used to the new reality, the Euro on the Moscow stock exchange fell below 70 rubles, and …

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