Economy: page 2

Moscow. Brent oil prices can grow to about $45 per barrel in average over the year in 2021 and to $53 per barrel in 2022, Fitch Ratings says in its research on Wednesday. It is expected to be about $45 per barrel in 2020 and at the level of $55 a barrel after 2022, the Agency reports. WTI ...

Melbourne. Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand would stutter just as major oil producers are set to raise output in August. U. S. West Texas Intermediate (WTI) crude futures fell 6 cents, or 0. 2%, to ...

Moscow. Nord Stream 2 AG, the Swiss-based operator of the Nord Stream 2 pipeline project, has filed an appeal against the General Court of the European Union’s decision to dismiss the company’s claim against the EU Gas Directive, the press service of Nord Stream 2 AG told TASS on ...

Tokyo. Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U. S. and elsewhere. Brent crude futures LCOc1 were up by 14 cents, or ...

Melbourne. Oil prices rose for a third straight day on Tuesday, buoyed by support for demand coming from efforts to stimulate the U. S. economy’s recovery from the coronavirus crisis and a weakening of the dollar that makes crude cheaper for global buyers. Brent crude futures climbed ...

Beijing. China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom’s position as the top oil supplier to China, reports Reuters. Imports from ...

Singapore. Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude LCOc1 dipped 14 cents, or 0. 3%, to $43. 20 a barrel by 0242 GMT, while U. S. West Texas Intermediate (WTI) crude ...

Mexico. Mexico will check prices closely before plunging into its annual oil hedge for next year because an erratic crude market is making the program more expensive, Finance Minister Arturo Herrera said. “It’s an extraordinarily volatile market, ” Herrera said in a video ...

Singapore. Oil edged up on Friday as the dollar fell to an almost two-year low, although demand concerns stemming from rising coronavirus cases and U. S. -China tensions kept a lid on prices. The dollar slid to 22-month lows against a basket of currencies . DXY. A weaker dollar usually ...

Singapore. Oil prices lost more ground on Thursday, with the market weighed down by a surprise increase in U. S. crude oil reserves as the coronavirus pandemic hits fuel consumption. U. S. crude and distillate inventories rose unexpectedly and fuel demand slipped in the most recent week, ...

Singapore. Oil prices fell on Wednesday as industry data showed a bigger- than-expected inventory build in the United States where coronavirus cases continue to climb, potentially further denting demand in the world’s biggest oil consumer. In his first briefing in months focused on the ...

Moscow. Tehran and Beijing have agreed on a 25-year comprehensive cooperation plan in energy, oil and gas sectors, and Iran is ready to sign the agreement, Iranian Petroleum Minister Bijan Zangeneh told reporters on Monday. "[Iran and China will have a] long-term cooperation in the ...

Tokyo. Oil prices were little changed on Tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a growing number of coronavirus cases. Prices were offered some support by positive news ...

Tokyo. Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. Brent crude LCOc1 was down 10 cents, or 0. 2%, at $43. 04 a barrel by 0047 GMT, after dropping slightly last week. U. S. oil was off ...

Moscow. Rosneft completed dividend payments for 2019 approved by the Annual General Shareholder Meeting (AGSM) of Rosneft Oil Company on June 2, 2020. Total dividend payment amounted to 191, 466. 31 million rubles. The dividends were paid to holders of 99. 98 % of Rosneft shares. At ...

Melbourne. Oil prices were unchanged on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries just as major producers get set to loosen production curbs. U. S. West Texas Intermediate (WTI) crude CLc1 futures ...

Moscow. OPEC and its allies will restore some oil supplies next month, but the impact will be “barely felt” as demand recovers from the coronavirus crisis, said Saudi Arabia’s Energy Minister. After almost three months of historic output curbs to offset the worst effects ...

Tokyo. Oil prices slid on Thursday after OPEC and allies such as Russia agreed to ease record supply curbs from August, though the drop was cushioned by hopes for a swift U. S. demand pick-up after a bigger-than-expected drawdown from the country’s crude stocks. Brent crude LCOc1 fell ...