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2016-03-10 19:05:00

OIL PRICES: $34 - $40

OIL PRICES: $34 - $40

North Sea Brent crude oil prices averaged $32/barrel (b) in February, a $1/b increase from January.

Brent crude oil prices are forecast to average $34/b in 2016 and $40/b in 2017, $3/b and $10/b lower than forecast in last month's STEO, respectively. The lower forecast prices reflect oil production that has been more resilient than expected in a low-price environment and lower expectations for forecast oil demand growth.

Forecast West Texas Intermediate (WTI) crude oil prices are expected to average the same as Brent in 2016 and 2017. However, the current values of futures and options contracts suggest high…

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Tags: OIL, PRICE

Chronicle:

OIL PRICES: $34 - $40
2019, April, 17, 11:10:00

RUSSIA'S ARCTIC ENERGY

Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,

OIL PRICES: $34 - $40
2019, April, 17, 11:05:00

NUCLEAR FOR BETTER LIFE

Alexey Likhachev reminded the audience that the Forum motto is “Nuclear for better life”. Each sphere of human activity is affected by the achievements of nuclear industry. “Peaceful atom is associated with all aims and goals of UN sustainable development program. This Forum will become a space for discussing newest technologies that will lay the basis for the future of our planet”, Mr Likhachev emphasized.

OIL PRICES: $34 - $40
2019, April, 17, 11:00:00

RUSSIA, DUBAI INVESTMENT

The investment incentives provided by Dubai government and the business opportunities up for grabs on the horizon were the crux of a meeting officials of the Dubai Land Department, DLD, had with a Russian delegation who participated in the recently concluded Annual Investment Meeting 2019.

OIL PRICES: $34 - $40
2019, April, 17, 10:55:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate.

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