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Shut it down: Russia stopped supplying oil to Belarus

Since November, Russia will stop supplies to Belarus gasoline, diesel and fuel oil, restriction will be valid until the end of next year. As explained in the Ministry of energy, duty-free exports of oil products to Belarus impractical — the Republic fully satisfies its needs in petroleum products by processing …

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Oil continues to go up, Brent trades above $85 a barrel

World prices for “black gold” standard grades in the course of today’s trading continue to rise after the jump yesterday, while Brent crude for the first time since November 2014 has confidently overcome a mark of $85 per barrel. By 8:02 GMT December futures on Brent crude prices rose on …

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OPEC assured the imminent growth in world oil demand

The organization of countries-exporters of oil (OPEC) raised the forecast of world oil demand in 2017 to the end of the decade. In the cartel expect the lower prices stimulate consumption in the face of slowing economic growth. About it it is told in published on Tuesday, November 8, the …

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The price of oil will rise? Saudi Aramco forecast for 2017

CEO of Saudi Aramco Nasser Amin believes that next year the price of “black gold” will rise. This is due to the restoration of balance in the commodities market. According to the expert, to increase the cost of oil will be in the first half of 2017. Nasser also believes …

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