Analytics: page 3

Moscow. At the 170th Organizations of Petroleum Exporting Countries’ summit, which took place on 30 November in Vienna, the cartel members, despite many people’s expectations, managed to reach agreement to limit oil production. In terms of the agreement the cartel members will ...

Moscow. 29 November St. Petersburg Commodity Exchange started trading futures for Russian export oil Urals. Delivery will take place from Primorsk port, the scope of contract will amount to 1 thousand barrels. Zarubezhneft, Gazpromneft, Surgutneftegaz have confirmed their readiness to ...

London. Oil prices rose on Monday to their highest in three weeks, catching a lift from a softer U. S. dollar and from cautious money managers, as OPEC appeared to be moving closer to reaching an agreement to cut output when it meets next week. Brent crude futures LCOc1 were up 60 cents at ...

Everybody's had enough of this issue. It sounds like a broken record. It’s been going on for 15 years. Once our president tried to convince the Europeans that the “dependence” is mutual here: the supplier needs the customer just as badly as the customer needs the gas. Only ...

Washington. Earthquakes are rippling through Oklahoma with an intensity so persistent they are almost considered normal. Already 46 quakes large and small, have struck the region since the start of the month. But now the swarms are becoming harder to ignore. Even more crushing: scientists ...

Yesterday the USA and the whole world came to realize two simple truths all over again. The first truth is very old and is familiar to every child: LYING IS BAD. The second truth is less obvious: IT’S BAD TO HAVE INEQUITABLE AND CRAFTY MASS MEDIA. They distort the view like a funfair ...

Last week a lot of news items concerning gas industry came out. They seem to be aroused by meteorologists, who are expecting the winter to be cold. These forecasts seem doubtful to me: it certainly should grow cold sometime after the two warm winters, but it may as well happen now or in two ...

Washington. In southern Iran, workers are putting the finishing touches to the latest extension to South Pars, the world’s largest gasfield. This work on Section 19 of the field is notable because it has been carried out by Iranian companies rather than western groups. “This ...

At least 117 people were arrested as a result of the police break-up of the activists’ camp set up in protest against the construction of Dakota Access Pipeline. Associated Press reported that about 200 policemen and soldiers broke up the camp set up on the developer’s plot, where ...

At the end of June Statistical Review of World Energy for 2015 by British Petroleum company came out. I have been using this famous company’s statistics for nearly 15 years, seeing with pleasure how carefully and thoughtfully its specialists approach complicated problems of the energy ...

Tyumen. Apprehensions that there are a lot of noneconomic reserves in Russia have turned out to be groundless, according to Igor Shpurov, the General Director of the State Commission for Reserves. The new classification of hydrocarbon reserves, introduced in Russia on 1 January 2016 should ...

Moscow. Rosneft has received the approval to buy the state-owned shares. According to the government’s directive, the acquisition of the controlling stock, that is 50. 08% of shares should be completed before 15 October. The deal value will not exceed 330 billion rubles, according ...

Moscow. During an informal OPEC meeting in Algeria it was decided to limit oil production on the level of 32. 5-33 million barrels per day. The limits for each country are to be defined at the official meeting on 30th of November in Vienna. Genady Shmal, the President of Oil and Gas Producers ...

Moscow. RF Ministry of Natural Resources is going to relief the terms of payment for associated gas utilization. According to the Ministry head Sergey Donskoy, the document is drafted considering the requests of subsoil users. The Ministry has already submitted to the government their ...

Moscow. Russia's northernmost onshore oilfield, Vostochno-Messoyakha, was officially put on production. Rosneft CEO Igor Sechin, Gazprom Chairman of the Management Committee Alexey Miller and Chairman of Gazprom Neft Management Board Alexander Dyukov took part in the event. The ...

Moscow. Russia and Saudi Arabia agreed to take joint efforts and measures together with the other oil producers to maintain stability of the oil market and sustain the level of investment in the long run. Previously during the G20 summit the crown prince of Saudi Arabia Muhammad Ibn Salman told ...