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Oil

Oil
2015, August, 7, 19:45:00

INDIA & CHINA COMPETITION

The six nations that make up Central Asia hold at least 11% of the world’s proven natural gas reserves, as well as substantial deposits of oil and coal, according to data compiled by BP. Afghanistan says its mineral wealth is valued at $1 trillion to $3 trillion.

Oil
2015, August, 6, 18:30:00

RUSSIAN ARCTIC ENERGY

The Arctic has become a theatre for rival claims over a sea floor believed to be rich in minerals, oil and gas.

Oil
2015, August, 5, 18:30:00

US OIL DEFAULT

On Aug. 3, US crude prices fell to $45 a barrel. In July, the average price was $60 a barrel. Banks are starting to tighten up their lending standards, further draining liquidity out of the market.

Oil
2015, August, 5, 18:25:00

SLOW RUSSIAN OIL

Seven months after Russia made the latest changes to its oil tax regime, the industry seems to have been able to adapt more easily to the new landscape than had been expected at the turn of the year. However, market experts have warned that the government must consider more fiscal reforms as the current system is continuing to distort the sector. The so-called tax maneuver, which includes a phased reduction in export duty for crude and oil products over 2015-2017 and an increase in oil extraction tax, was introduced in January.

Oil
2015, August, 5, 18:20:00

NORTH SEA OIL

Oil and gas production from the North Sea is expected to increase for the first time in 15 years despite a global slump in the price of crude and hundreds of job losses in the industry.

Oil
2015, August, 4, 19:05:00

SANCTIONS FOR RUSSIA'S GDP

Russia's economy is showing signs of stabilisation after slumping under pressure from Western financial sanctions and Russian counter-measures. Low international prices for its oil exports have added to pressure on the rouble and government finances.

Oil
2015, August, 3, 17:55:00

SAUDI'S PRICE WILL RISE

Saudi Arabia is expected to raise prices for crude it sells to Asia in September due to a stronger Dubai benchmark, traders and analysts said on Monday, adding that the top oil exporter will be wary of a hike so big it would threaten its market share.

Oil
2015, August, 3, 17:45:00

ROSNEFT VS SANCTIONS

The Company is creating an accounting system calculating losses from the application of illegitimate sanctions, without reflecting them on the Company balance. Subsequently, the amount of losses will be submitted for reimbursement in court.

Oil
2015, August, 3, 17:40:00

ROSNEFT & STATOIL DRILLING

Rosneft and Statoil ASA completed drilling works as part of the Pilot Project at the PK1 layer of the North-Komsomolskoye field. During 2015 the companies jointly drilled 2 horizontal exploitation wells.

Oil
2015, August, 2, 18:30:00

IRAN OIL UP 13%

Imports by Iran's four biggest buyers - China, India, Japan and South Korea - totaled 1.17 million barrels per day (bpd) last month, up more than 13 percent from a year earlier, government and tanker-tracking data showed.

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