All publications by tag «BRENT»
Putin Says Russia Doing Fine in Face of Tumbling Crude Prices
Brent and West Texas Intermediate crudes fell to the lowest level in more than four years after OPEC failed to cut its output in response to a glut.
The International Energy Agency’s chief economist on Friday urged oil producers to boost investment in new projects to meet an anticipated rise in demand, a move that he said may avoid oil price spikes in coming years.
Battered by sanctions and oil’s accelerating price crash, OAO Rosneft (ROSN) has lost 38 percent of its market value this year in dollar terms and today the whole company, TNK-BP and all, is worth $50 billion.
Oil producers risk ratings downgrade on low crude price
Crude Rises as China Rate Cut Spurs Optimism About Demand
North Sea Brent crude oil spot prices averaged $87/bbl in October, a decrease of $10/bbl from September and the first month Brent crude oil prices have averaged below $90/bbl since November 2010.
Brent crude prices will average $83/barrel in 2015, $18/barrel lower than last month’s outlook for 2015.
OPEC Diplomacy Picks Up With Iraq-to-Libya Chiefs
Saudi Arabia’s oil minister broke months of silence on Wednesday to speak publicly about the Gulf nation’s stance on the oil market and dismiss claims that it had triggered a “price war”.