2016, December, 15, 18:45:00GAZPROM - OMV AGREEMENT
Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the OMV Executive Board, signed the Basic Agreement regarding the asset swap. The signing ceremony took place in the presence of Hans Jörg Schelling, Minister of Finance of the Republic of Austria, and Anatoly Yanovsky, Deputy Minister of Energy of Russia.
2016, December, 12, 18:40:00ROSNEFT SUCCESSFUL DEAL
Rosneft Board of Directors has approved a strategic cooperation agreement with Qatar Investment Authority and Glencore, providing for further cooperation in upstream projects, logistics and global trading.
2016, December, 9, 18:45:00RUSSIA SANCTIONS FOREVER
The U.S. government is to check if sanctions where violated when Russia this week struck a deal to sell a stake in oil producer Rosneft to a consortium of Qatar's sovereign fund and commodities trader Glencore, the White House said.
2016, December, 8, 18:35:00ROSNEFT SOLD: €10.5 BLN
Glencore and the sovereign wealth fund of Qatar are to take a 19.5 per cent stake in Russian oil company Rosneft in a surprise €10.5bn deal
2016, December, 7, 18:40:00U.S. DEFICIT: $42.6 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $42.6 billion in October, up $6.4 billion from $36.2 billion in September.
2016, December, 6, 18:50:00THE HOPE OF RUSSIA'S ECONOMY
Russia has also benefited this year from oil's price stabilization and a recent deal between major crude producers to curb output has raised expectations of higher prices next year. The central bank has a medium-term oil price forecast of $40 a barrel.
2016, December, 2, 18:55:00U.S. OIL BENEFITS
Shares in US oil companies soared on Wednesday as Opec ministers meeting in Vienna agreed a plan to cut output by 1.2m barrels per day. “The biggest beneficiaries from this Opec move are the US shale players,” said Mike Kelly, head of exploration and production company research at Seaport Global Securities.
2016, November, 30, 18:50:00IMF: EXTERNAL RISKS FOR RUSSIA
The expected fiscal consolidation and the subdued nature of the recovery are putting in place the conditions for the central bank to resume, in due course, monetary policy easing in a manner consistent with the 4 percent inflation target. However, the pace of easing should take into account the presence of external risks and the need to build credibility under the newly introduced inflation targeting regime.
2016, November, 30, 18:45:00OIL INVESTMENT: -$1.99 TLN + $630 BLN
Oil companies around the world have together added $630 billion to their market value this year, the biggest gain in six years following a 30 percent rise in benchmark Brent crude. This follows a $1.2 trillion loss in value last year and $790 billion in 2014 as crude prices plunged.
2016, November, 28, 18:40:00NIGERIAN OIL CRISIS
“Security and access to funding are the biggest challenges right now to private sector players,” says Kola Karim, managing director of domestic producer Shoreline Energy. “The situation is really tough.”
2016, November, 23, 18:35:00IMF WANTS PEMEX
A particularly important aspect of this consolidation pertains to reforms in PEMEX, the state-owned oil company. Earlier this month, PEMEX released a five-year business plan that aims at turning the company profitable by 2020, through efficiency improvements and a focus on high-return activities.
2016, November, 22, 18:45:00IMF: UKRAINIAN CORRUPTION
Decisive steps particularly need to be taken to fight corruption, which remains the most frequently mentioned obstacle to doing business in Ukraine.
2016, November, 22, 18:40:00NIGERIA INTO RECESSION
Nigeria, which was Africa's largest oil producer until a few months ago, slipped into recession after its economy shrank by 2.06% in Q2, as the impact of militant attacks on oil facilities weighed on the country's economy.
2016, November, 21, 16:15:00SAUDI PAID $10.7 BLN
With its oil revenues slashed by low crude prices, the government of the world’s largest oil exporter has cut spending sharply this year and reduced or suspended payments owed to construction firms, medical establishments and even some of the foreign consultants who helped to design its economic reforms.
2016, November, 18, 18:45:00RUSSIAN DECISION: $6 BLN
Russia’s decision earlier this year to engage in talks with OPEC about limiting oil output has added more than 400 billion rubles ($6 billion) to the nation’s budget, according to two officials familiar with government calculations.