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 …
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 …
US prepares new sanctions against Nord Stream 2
In late January, the Russian side announced the completion algorithm for Nord Stream 2: the pipeline will be finished by domestic pipe-laying companies. This came from Deputy Chairman of the Gazprom …
IAEA detected no fresh nuclear deal violations by Iran
The International Atomic Energy Agency (IAEA) has detected no new violations of the Joint Comprehensive Plan of Action (JCPOA) by Iran since the Islamic Republic’s fifth stage of reducing its …
Key OPEC+ states start consultations to postpone meeting from March to June
Key OPEC+ participating countries have started consultations on postponement of the decision on the future of the crude production cut deal from March to June 2020, a source in OPEC told …
Russia, Ukraine working hard on gas contract
The Kremlin does not make any forecasts concerning the possibility for conclusion of the gas contract between Russia and Ukraine, press secretary of the Russian President Dmitry Peskov told reporters …