Kremlin says Russia and Saudi Arabia do not wage wars over oil prices
Russian presidential spokesman Dmitry Peskov said that Russia and Saudi Arabia are not waging any wars over oil prices. He is certain that other states should not interfere in the partnership between …
Oil prices may stop falling at $15-20 per barrel
Oil prices may stop the drop at the resistance level of $15-20 per barrel, Vice President of Lukoil Leonid Fedun said in an interview with RBC.
"We have done a technical analysis. Of course, like any …
Saudi Arabia proposes to hold next week ‘virtual summit’ of G20 leaders on COVID-19
Saudi Arabia is set to convene next week a summit of the Group of Twenty (G20) leaders to discuss ways for countering the ongoing novel coronavirus pandemic, the Saudi Press Agency reported on …
Russia-Saudi dispute will trigger tactical price war on oil market
The current standoff between Russia and Saudi Arabia over oil production volume is likely to spark a tactical price war on the global oil market, Ian Bremmer, president and founder of Eurasia Group, …
Brent crude oil price exceeds $38 per barrel on London's ICE
The price of futures contracts of Brent crude oil for May 2020 delivery has accelerated growth to 10.8% trading at $38.08 per barrel on London's ICE on Tuesday, according to the trading data as of …
Oil prices recovery to take several months
Russia’s Energy Ministry expects oil prices to recover after Monday’s crash within several months, Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on …
Will the American shale industry survive?
Over the last 10 years, hydrocarbon extraction from shale formations has initially made the United States the world's largest oil and gas producer. For the time being, this industry has numerous …
Coronavirus outbreak seriously affects oil prices
The outbreak of the new coronavirus has seriously affected oil prices, President of the OPEC Conference Mohamed Arkab said on Tuesday.
"The outbreak of the coronavirus in the last two months has …
Brent oil prices up at auction in London by 3.16%
The world oil prices accelerated growth during trading on the ICE in London, and futures for Brent crude oil for delivery in May 2020 rose by 3.16% to $ 51.29 per barrel.
The price of oil futures WTI …
Saudi Arabia's new Minister of Investment Al Falih to work on implementing Vision 2030
Saudi Arabia's former Energy Minister Khalid Al Falih who has been appointed as Minister of Investment will work on attracting investment for implementing the Vision 2030 plan.
In his statement on …