2016
![2016](/cache/2016/08/OIL-465.4e330fb4.jpg)
2016, August, 12, 18:50:00
OIL PRICES: $46
International Brent crude oil futures were trading at $46.20 per barrel at 8.47 p.m. ET, up 16 cents, or 0.35 percent, from their last close and not far off their $46.30 monthly high reached in the previous session.
U.S. West Texas Intermediate (WTI) crude futures were at $43.71 a barrel, up 22 cents, or 0.51 percent, from their last close.
![2016](/cache/2016/08/PRICE-9.9b9bd061.jpg)
2016, August, 12, 18:45:00
SAUDI RAISES PRICES
Saudi Arabia didn’t agree to limits on its production back in April because Iran, its regional rival, refused to join in. Several OPEC members want to revive the idea because Iran has regained much of the energy-industry might it lost during the years of Western sanctions.
![2016](/cache/2016/08/TURKISH-STREAM-14.9e271e2c.jpg)
2016, August, 12, 18:40:00
ПЛАН ТУРЕЦКОГО ПОТОКА
Министр энергетики Российской Федерации Александр Новак в интервью телеканалу Russia Today по итогам прошедших российско-турецких переговоров на высшем уровне рассказал о перспективах реализации проекта газопровода "Турецкий поток", а также сообщил о планах по возобновлению работы Смешанной межправительственной Российско-Турецкой комиссии по торгово-экономическому сотрудничеству.
![2016](/cache/2016/08/IRAQ-10.0f19e1d1.jpg)
2016, August, 12, 18:35:00
IRAQ RESTART INVESTMENT
As a result of the investment, Iraq's crude output should increase by 250,000-350,000 barrels per day next year, the Iraqi officials said. The country now produces about 4.6 million bpd, most of it from the southern region.
![2016](/cache/2016/08/PETROVIETNAM-3.04070da7.jpg)
2016, August, 12, 18:30:00
PETROVIETNAM'S REVENUE $11.3 BLN
The group exploited 10.32 million tons of crude oil and 6.56 billion cubic metres of gas in the first seven months.
![2016](/cache/2016/08/OIL-464.288cdde7.jpg)
2016, August, 11, 18:50:00
OIL PRICES: $43.72
U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $41.34 per barrel at 8.32 p.m. ET, down 37 cents, or 0.9 percent, from their last settlement.
International Brent crude futures LCOc1 were at $43.72 a barrel, down 33 cents, or 0.8 percent.
![2016](/cache/2016/08/USA-330.d6622456.jpg)
2016, August, 11, 18:45:00
U.S. EXPORTS UP TO 9%
In the first five months of 2016, U.S. crude oil exports averaged 501,000 barrels per day (b/d), 43,000 b/d (9%) more than the full-year 2015 average.
![2016](/cache/2016/08/GAZPROM-78.56e222d3.jpg)
2016, August, 11, 18:40:00
GAZPROM SALES UP TO 49%
Gazprom's sales volume to its core ‘Europe and other’ markets in 1Q grew by 49% to 58.1bn m³, an increase of 19bn m³ on 39.1bn m³ in January-March 2015. Sales to former Soviet countries declined by 15.5% (by 2bn m³) to 10.9bn m³, while those in Russia declined more modestly to 75.4bn m³, just 6% or 4.9bn m³ less than in 1Q 2015.
![2016](/cache/2016/08/SAUDI-68.61bb507f.jpg)
2016, August, 11, 18:35:00
SAUDI - IRAN COMPETITION
Saudi Arabia, the world’s largest crude exporter, told OPEC that it boosted oil output to a record 10.67 million barrels a day in July, two people with knowledge of the data said. Iran’s output is up to 3.85 million barrels a day, Fars news agency reported, citing Oil Minister Bijan Namdar Zanganeh.
![2016](/cache/2016/08/IRAN-81.7aa2f0de.jpg)
2016, August, 11, 18:30:00
IRAN NEED $50 BLN
The government hopes foreign companies will invest as much as $50 billion a year in Iran’s oil industry. Major European oil companies such as Italy’s Eni SpA and France’s Total SA have expressed an interest in developing Iran’s oil and gas fields.