Economy: page 2
July 30, 2020/ 11:13
Oil price will be about $45/bbl in 2021, Fitch says
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 ...
July 30, 2020/ 07:05
Oil prices slip as COVID-19 case surge dents fuel demand hopes
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 ...
July 29, 2020/ 08:04
Nord Stream 2 AG appeals EU court ruling in Gas Directive action
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 ...
July 29, 2020/ 07:12
Oil rises after surprise drop in U.S. inventories offsets demand concerns
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 ...
July 28, 2020/ 07:08
Oil prices rise on U.S. stimulus hopes, weaker U.S. dollar
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 ...
July 27, 2020/ 10:08
China imports more oil from Saudi than any other country in June
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 ...
July 27, 2020/ 07:12
Oil slips as rising virus cases, U.S.-China tensions weigh on markets
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 ...
July 24, 2020/ 08:26
With cost of oil hedge rising, Mexico Is proceeding cautiously
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 ...
July 24, 2020/ 07:02
Oil rises on weaker dollar, but virus woes and U.S.-China tensions weigh
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 ...
July 23, 2020/ 07:04
Oil edges down for second session as coronavirus curbs fuel demand
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, ...
July 22, 2020/ 07:01
Oil prices fall on U.S. inventory build, increasing pandemic fears
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 ...
July 21, 2020/ 09:09
Irans oil minister: Tehran, Beijing to have long-term cooperation in oil, gas sectors
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 ...
July 21, 2020/ 07:03
Oil steady as vaccine news counters rise in virus cases
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 ...
July 20, 2020/ 07:03
Oil falls as worsening pandemic threatens recovery
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 ...
July 17, 2020/ 09:20
Rosneft completed dividend payments for 2019
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 ...
July 17, 2020/ 07:01
Oil prices steady as clouds gather over fuel demand, looser supply curbs
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 ...
July 16, 2020/ 12:12
OPEC+ to boost oil output in august, seeing demand recovery
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 ...
July 16, 2020/ 07:06
Oil prices slip after OPEC, allies agree to loosen oil supply curbs
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 ...