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Waiting for oil at $40

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The head of OPEC States that the cartel countries and independent producers are ready to conclude a final agreement on limiting oil production. However, the market did not believe him — on a barrel of oil fell $1, breaking below $48. At Goldman Sachs believe that, if agreement is not …

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Oil fell below $ 49 per barrel

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The price of Brent crude oil fell below $ 49 per barrel. This is evidenced by the Intercontinental exchange ICE. In recent times quotes Brent fell below $ 49 per barrel on September 27 this year. October 31, as at 18:00 Moscow time the cost of the December futures for …

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Russia oppresses the Iranian oil

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  For Russia, the export potential of Iranian oil in the near future will be reduced significantly Aleksey Topalov Shutterstock Iran continues to increase oil exports and could increase its production to 5 million barrels per day. In any case, technical capability the Iranians have and the market conditions, according …

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Technical OPEC meeting ended without a final decision on quotas

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Will be held on Friday, October 28, a technical meeting of representatives of OPEC in Vienna, the final decision on the oil quota has not been developed. About it as transfers TASS, said one delegate after the meeting. «Not reached», — he told, answering a question about the meeting, which …

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Russia production will not drop

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Saudi Arabia is the second time offers Russia to cut oil production, and Moscow is once again refuses. Russia, record-breaking production, is interested in freezing the level of production, but not in its decline. In the future, Russia’s position could derail the outlined agreement of the OPEC countries, which decided …

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Cheap oil washes Maduro

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One of the key Russian allies overseas — Venezuela is experiencing a serious political crisis that threatens to go into a civil war. Mostly «right» and «center-right» opposition sought the resignation of the «left» of President Nicolas Maduro, successor to Hugo Chavez. On October 25 the national Assembly began the …

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