Analytics: page 3

Starting from March 1st the crude export duty for Russian oil will grow by $1. 5 and reach $91 per ton. This is the result of a little rise in the global oil price in the last 30 days. Consequently, the average Urals price has reached $53. 25 for a barrel or $388. 7 for a ton. BP company ...

A month ago I published an article on the future perspectives of the shale oil and found them not too bright. I couldn’t go into detail in terms of that article, so I had to leave this task for later. The time has come and today I intend to focus on the biggest shale oilfield Bakken. But ...

Moscow. Former ExxonMobil CEO Rex Tillerson was recently confirmed as the 69th secretary of state by a vote of 56 to 43 in the Senate. The opinion of the Congress was far from unanimous. Konstantin Simonov, the head of the National Energy Security Fund, shared his opinion on the new White ...

Moscow. Restoring investment activity, including that of foreign companies, is one of the state’s key priorities. That is what RF Prime Minister Dmitry Medvedev claimed in the latest meeting of the Government Committee on Foreign Investment Control. In the oil industry in the end of 2016 ...

It’s been almost 7 years since I’ve been watching the production of American hard-to-recover reserves, which are commonly miscalled “shale”. No revolution happened due to them, but they stabilized production in the US for several years. If it were not for them, the ...

Moscow. Fifteen years ago, President Vladimir Putin appointed career energy expert Igor Yusufov to Minister of Energy for the Russian Federation. It was an eventful time in oil and gas around the world. Tucked inside the three years of Yusufov’s term, George W. Bush refused to sign ...

It is pleasant, when your forecasts come true. You can put on airs and feast your ears with praise, looking down on the other fortunetellers, whose predictions missed the target. Though, this was a joke. Speaking seriously, it is nice to know that you assessed all the important factors ...

Tyumen. Oil production in Tyumen region in 2017 is expected to reach 13 million tons, with 4% increase over 2016 figures. That is what the Governor Vladimir Yakushev told the Oil and Gas Information Agency during his interview, as he stated the key priorities in the region’s FEC ...

Moscow. 2017 will challenge the decisions taken by the oil producing countries. It is the opinion of Vasiliy Tarasyuk, First Deputy Head of the Committee on Natural Resources, Property and Land, that he shared with the Oil and Gas Information Agency, while summarizing the year results. ...

Its beginning was incredibly nasty. I have to admit I hadn’t expected the oil price to drop below $50. All the objective evidence had been against it. I had underestimated the power of Western propaganda. They twisted everything: included gases into oil production volumes, kept praising ...

Washington. Venezuela’s newly created and military run oil and mining company Camimpeg has formed a joint venture with UK-based Southern Procurement Services (SPS) to reactivate shut-in wells in Lake Maracaibo in Zulia state. The deal has raised eyebrows, given its scale and the ...

Moscow. The price for petrol in 2017 is one of the key issues the Russians are concerned about. The planned increase of excise tax, the Mineral Extraction Tax (MET) and the stable rise of the oil price are the factors that may seriously affect the price of oil products. Genady Shmal, the ...

Record low gas stocks in the Ukraine provide reasons to fear that Kiev will start withdrawing Russian gas to compensate for the illegal fine imposed on Gazprom. That is what Alexey Miller, the Head of the Russian corporation, claimed. In this case gas supply may be stopped. Though, the ...

Tyumen. The Federal State Budgetary Institution ZapSibNIIGG suggested starting an all-Russian centre for studying the pre-Jurassic complex. That is what Yury Tsimbalyuk, the Institution Deputy General Director said in his opening speech at the “Geology” section of the workshop that ...

I didn’t feel like writing about Rosneft shares sale. The details of the deal are not revealed. The shares were sold a little cheaper their market value, but 2 years ago it was 1. 5 times higher than it is today. Rosneft is a record-holder among public oil companies. It possesses the ...

Moscow. Rosneft’s privatization has been completed. The consortium of Glencore oil trader and Qatar sovereign wealth fund acquired 19. 5% of Rosnef’s shares for €10. 5 billion. The deal was supposed to be closed by mid-December. It is reported that Glencore will pay for the ...

I like dealing with figures. Figures are better than words: the nicest words can deceive, but the right figures can’t. They reveal the essence of any event or process better than anything. So, OPEC, paying no attention to the negative forecasts of the western media, decided to ...

Moscow. OPEC has reached an agreement to limit oil production. Starting from January 2017 the cartel members will reduce the total production to 32. 5 million barrels a day. Russia, not being an OPEC member, supported the decision and announced the intention to reduce oil production to 300 ...