Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2016-11-18 18:40:00

RUSSIA'S STABLE OUTLOOK

RUSSIA'S STABLE OUTLOOK

According to OGERussia's oil and gas companies will continue to benefit from the weak rouble while avoiding a major tax hike in 2017, according to a new special report by Fitch Ratings. 

This will help the companies to balance cash inflows and outflows amid low oil prices, leading Fitch to revise the sector outlook to stable from negative.

"Based on Russia's preliminary budget, we expect that in 2017 the tax burden on the sector will remain broadly at the 2016 level. However, a major tax hike cannot be ruled out in future, especially if oil prices retreat below $40 per barrel again," said the report.

Oilfield services companies should also be in fairly good shape, said Fitch Ratings, adding that drilling volumes are set to remain stable or even rise, and day rates have remained stable in rouble terms.

However, Fitch Ratings analysts believe that downstream-focused companies, such as standalone refineries, will find themselves in a worse position.

"Refining margins may continue to fall due to an expected decrease in export duties, which may be partially offset by rising oil prices. Retail margins will also suffer, as the burden of higher excise duties is likely to be split between oil and gas producers and customers," said the report.

According to the estimations of Russia's Finance Ministry, the duties for oil export from the country will decrease from Dec.1 by $2.3 to $90.4 from $92.7 per ton.

"US/EU sanctions will continue to have a limited impact on credit profile of Russian oil and gas producers," said Fitch Ratings.

Russian and, occasionally Chinese, banks will provide necessary liquidity to sanctioned entities, while non-sanctioned companies, such as PJSC Gazprom (BBB-/Stable) and PJSC Lukoil (BBB-/Stable), will have more options, including the re-opened Eurobond market, said the report.

-----

Earlier: 

RUSSIA - SAUDI COMPETITION 

THE NEW NORD STREAM 

IRAN - RUSSIA COOPERATION 

FREEZING OIL PRODUCTION 

RUSSIA: THE LARGEST PRODUCER

 

 

 

Tags: RUSSIA, OIL, GAS
RUSSIA'S STABLE OUTLOOK September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

RUSSIA'S STABLE OUTLOOK September, 20, 09:00:00

GAS PRICES UP TO $3.146

RUSSIA'S STABLE OUTLOOK September, 20, 08:55:00

ЦЕНА URALS: $51,81591

RUSSIA'S STABLE OUTLOOK September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

RUSSIA'S STABLE OUTLOOK September, 20, 08:45:00

RENEWABLE'S FUTURE

RUSSIA'S STABLE OUTLOOK September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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Chronicle:

RUSSIA'S STABLE OUTLOOK
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

RUSSIA'S STABLE OUTLOOK
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

RUSSIA'S STABLE OUTLOOK
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

RUSSIA'S STABLE OUTLOOK
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00