Russia to cut crude production by 10% within OPEC+ in 2020
Russia’s crude oil production will go down by around 10% in 2020 due to OPEC+ restrictions compared with 2019 when it reached the record 560.2 mln tonnes, Energy Minister Alexander Novak said at …
Global economy will face long recovery period after pandemic
The coronavirus pandemic had a serious negative impact on the global economy and experts forecast it will have a long recovery period, Russian Foreign Minister Sergey Lavrov said on Monday giving a …
Brent crude price losing 3.17% on London's ICE
Brent crude futures price for supplies in June 2020 has plunged by 3.17% during the trading session at the ICE Exchange in London to drop to $20.67 per barrel, the trade reports available at 04:29 …
Brent crude oil rise by 5% on London’s ICE
The price of futures contract for Brent crude oil with June delivery on London’s ICE rose by 5.02% and reached $22.40 per barrel, as of 05:44 Moscow time.
By 05:52 Moscow time, Brent oil was …
EU countries and institutions allocate €3.3 trillion to support economy
All 27 EU states and EU institutions (the European Commission, the European Central Bank and the European Investment Bank) have allocated a total of €3.3 trillion to support the community’s …
Brent crude oil price up to $23 per barrel on London's ICE
The price of futures contracts of Brent crude oil for June 2020 delivery gained 12.91% on London's ICE on Thursday to $23 per barrel, according to the trading data as of 8:19 am Moscow time.
As of …
Kremlin says situation with oil prices not easy, but too early to make assessments
The situation with world oil prices is not easy now, but one should not make assessments after one day or one week, Kremlin spokesperson Dmitry Peskov said on Wednesday.
When asked if Russia would …
Netflix doubles expected number of subscribers, reaching 15.8 mln
US streaming giant Netflix increased its subscriber base by 15.8 mln in the Q1 2020 compared to 9.6 mln in the same period last year, according to Netflix report.
The corporation drew attention to …
Brent oil price falls below $16 per barrel
The price of June 2020 Brent oil futures has dropped by 17.33% on London’s ICE, reaching $15.98 per barrel, the data as of 07:35 Moscow time informs.
The price of WTI futures has dropped by …
OPEC+ participants will contact each other to reconcile positions if necessary
Participants of OPEC+ deal will contact each other if necessary, but so far there are no decisions on holding such meetings, Kremlin spokesman Dmitry Peskov told reporters on Tuesday.
"We have all …