Economy: page 59

London. OPEC appears to have persuaded investors that it’s making good on promised production cuts. Money managers are the most optimistic on West Texas Intermediate oil prices in at least a decade as the Organization of Petroleum Exporting Countries and other producers reduce crude output. ...

London. Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers. Uncertainty over the outlook for U. S policy also broadly weighed on financial markets after President Donald Trump ...

Moscow. Gazprom set a new record of daily gas supplies to non-CIS countries of 636. 4 mln cubic meters on January 27. This is the fourth day in a row that the company hits all-time highs of daily supplies to non-CIS countries. Hungary, Serbia and Bulgaria demonstrated the strongest dynamics ...

Tehran. An official announced that Iran has launched construction of the second pipeline for exports of natural gas to Iraq. On latest construction status of Iran-Iraq gas export pipeline, Planning Director of the National Iranian Gas Company Hassan Montazer Torbati said phase one of the project ...

London. Oil prices were stable on Friday, with rising crude output from the United States offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $56. 21 per barrel at ...

London. Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. Brent crude futures LCOc1, the international benchmark for oil prices, were ...

London. Oil prices fell on Wednesday after builds in U. S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. Benchmark Brent crude LCOc1 was down 1 percent or 54 cents a barrel at $54. 90 ...

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 ...

London. The robot on an oil drillship in the Gulf of Mexico made it easier for Mark Rodgers to do his job stringing together heavy, dirty pipes. It could also be a reason he’s not working there today. The Iron Roughneck, made by National Oilwell Varco Inc. , automates the repetitive ...

Vienna. Gazprom gas exports to Europe in January increased by 20% year-on-year. This was reported chairman of the company’s Board of Directors Viktor Zubkov. "In January, exports increased by 20%. A for the year in general, I think it will probably grow as well, " he said, ...

Moscow. President of Russia Vladimir Putin had a working meeting with Rosneft Chief Executive Officer Igor Sechin, who reported on the Company’s 2016 operational results. According to Igor Sechin, “2016 saw particular volatility on the hydrocarbon markets”, the Company ...

Vienna. All the countries are observing the agreement on cutting the output, Russia's Minister of Energy Alexander Novak told a news conference on Sunday. "As for the first part, the agreement's fulfilment - I can say, we see with satisfaction the successful implementation of ...

London. Oil climbed for a second day on Friday underpinned by expectations of tighter supply and on reports of record Chinese demand, but prices remained under pressure from rising U. S. crude and gasoline inventories. Brent crude, the international benchmark, rose 15 cents to $54. 31 a ...

Moscow. Sanctions and relatively low oil prices will most likely stay as is in near future. Russian Prime Minister Dmitry Medvedev said. "We shouldn't kid ourselves, most likely [sanctions and oil prices] will stay as is in the near future, " he said. "We’re going ...

Khanty-Masniisk. In 2017 the Russian oil producing industry should decrease the oil production by 300 thousand tons a day according to the agreement between OPEC and Russia. Alexander Shpilman, the director of V. I. Shplman Research Center for Sustainable Mining, comments on the effect of this ...

Moscow. The Organization of Petroleum Exporting Countries (OPEC) raised the world’s oil demand growth outlook by 10, 000 barrels per day (bpd) in 2017, OPEC said in January report. Oil demand will grow by 1. 16 mln bpd this year against 2016 in line with the revised outlook. ...

Davos. Top oil industry officials in Davos aren’t turning completely bullish just yet. Capping their enthusiasm is U. S. shale oil, which is likely to limit price increases and usher in a period of greater volatility. U. S. supply is already returning at $50 a barrel, Saudi Arabia ...

Davos. Top-rank representatives of the world political and business elite have gathered in Davos for the annual World Economic Forum to consider ways of aligning to a new international reality that was heralded in by last year’s events - Donald Trump’s victory in the U. S. ...