Search Results for: WTI
Putin Says Russian Economy Could Return to Growth in 2 Years
April 16th, 2015
President Vladimir Putin said Thursday that Russia’s economy could return to growth in less than two years, even though he considers it unlikely that the West will lift economic sanctions over the Ukraine crisis soon. In a televised call-in ...
EU’s Energy Chief on the Hunt for Non-Russian Gas
April 15th, 2015
EU officials are holding talks with a range of non-Russian suppliers and one day could buy gas from Iran, Europe’s climate and energy chief has said, setting aside a Gazprom warning that Europe should not block its gas strategy. Russia’s Gazprom on Monday said blocking its ...
Top 12 Media Myths on oil prices
April 13th, 2015
The upstream oil and gas industry is not a black hole. There’s no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There’s a constantly evolving learning curve. And then there’s ...
CME Group Volume Averaged 15.0 Million Contracts per Day in First-Quarter 2015
April 2nd, 2015
CME Group Volume Averaged 15.0 Million Contracts per Day in First-Quarter 2015, up 10 percent versus First-Quarter 2014, Representing Second-Highest Quarterly Volume Ever March volume averaged 13.7 million contracts per day, down 3 percent Monthly FX volume increased 27 ...
Russia’s Gazprom Says Net Profit Plummeted 70% in 2014
March 31st, 2015
Gazprom‘s net profit, calculated under Russian Accounting Standards (RAS), fell 70 percent last year to 189 billion rubles ($3.3 billion), Russia’s top natural gas producer has said. Gazprom’s net profit under RAS is attributed to the parent company only and not its ...
Ruble Storms to 2015 Highs as Exporters Sell Off Foreign Currency
March 25th, 2015
The Russian ruble rose to new 2015 highs on Wednesday, shrugging off a decline in oil prices as Russian exporters continued to sell forex to pay monthly taxes. At 08:00 GMT, the ruble was 0.8 percent stronger against the dollar at 57.22, and 0.6 percent stronger at 62.66 versus the euro. The Russian currency ...
Oil prices down as Opec remains stern about production levels
March 23rd, 2015
Oil prices declined further after Saudi Arabia’s oil minister said it is not the sole responsibility of Opec to raise oil prices in further indication that the biggest oil exporter has no plans to reduce oil production. Despite the ...
Oil Slump Extends to a Fifth Week as Global Glut Seen Expanding
March 20th, 2015
Oil trading near the lowest price in six years is headed for a fifth weekly drop amid signs the global supply glut is worsening. Futures were little changed in New York after falling for the seventh time in eight ...
OPEC to keep production steady as oil rally falters
March 19th, 2015
The Organization of Petroleum Exporting Countries (OPEC) has ‘no choice’ but to maintain its current production level of 30 million barrels per day, according to Kuwait’s oil minister Ali al-Omair. Both Brent and WTI rallied briefly on Fed comments ...
Predicting the Future With Russia’s Economic Nostradamus, Mikhail Dmitriyev
March 19th, 2015
Mikhail Dmitriyev, president of the New Economic Growth consultancy, is often described as “Russia’s top brain.” He studied in Leningrad in the ’80s and took part in economics discussion clubs with the people who transformed Russia into a market economy, including Anatoly Chubais, the architect of Russia’s privatization ...
