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Duty on Russian oil exports will decrease by 11%

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Export duty on Russian crude oil from 1 September 2016 will decrease by 11.2% and will be $80 per ton, compared to $90,1 a month earlier, follows from materials of the Ministry of Finance of the Russian Federation. As pointed out by the Ministry of Finance, the average price of …

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The price of Brent crude oil jumped above $48 a barrel

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The price of North sea Brent crude oil during trading on Monday evening for the first time since mid-July topped $48 per barrel. As of 17:40 GMT the price of Brent futures for delivery in October gained 2,24% and was at$48,02 per barrel. The cost of WTI crude for delivery …

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In Poland, abandoned Russian oil to Iran

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The biggest seller of Russian oil Urals in Poland — trader Mercuria — ceased operations with Russian oil in the port of Gdansk. About it reports Reuters. It is noted that the trader will use oil tankers from Iran. Clarifies that unclaimed Mercuria will receive 250 thousand tons of Russian …

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Oil scandal in Ecuador

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Ecuador broke the oil scandal. As reports «Ecuador today», the Prosecutor of Franklin Bravo changed the wording of the charges against the former General Director of the state oil company Petroecuador» Alex Bravo. Now he is accused of illicit enrichment on the basis of the report of the State control …

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Reuters: Russian oil in Poland replaced the supply from the Middle East

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Trader Mercuria, once the largest seller of Urals crude oil to Polish refineries ceased operations with the Russian raw materials. About it reports Reuters, citing two sources in the industry. According to them, Mercuria business, which sold the biggest Polish refinery Orlen and Lotos oil imported through the pipeline «Druzhba», …

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Maduro called fair oil price

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The price of oil to reach $ 70 per barrel, said Venezuelan President Nicolas Maduro. That is what he was called to work for global players in the energy market. «A barrel of oil should cost $ 70 to ensure its renewal. It is a necessary and uncomplicated to the …

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The rise in oil prices was the highest since April

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Stock quotes of oil brands WTI and Brent showed the most notable weekly growth over the last 4 months. At the end of trading Friday, August 12, crude oil futures have added an average of 2% amid the market optimism generated by the recent comments from the Saudi authorities about …

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Moody’s optimistic about in the global oil sector

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The international rating Agency Moody’s for the first time in 2014 improved the Outlook for the oil sector and exploration and mining to stable from negative. An improved Outlook is due to the expected recovery of prices for oil and natural gas, high efficiency business and the company’s efforts to …

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