Oil prices – Page 17 – THE OVAL CIRCLE

6 years of economic war toughened Russia to deal with oil market chaos

Posted on March 29, 2020June 15, 2020By Editor

Russia has learned to survive Western sanctions and managed to accumulate enough funds to keep its economy afloat for several years even if oil prices continue to decline. … Read More >6 years of economic war toughened Russia to deal with oil market chaos

Business

Russia’s unexpected advantage in the oil price war

Posted on March 26, 2020March 26, 2020By Editor

The global economic downturn due to coronavirus and the breakup of OPEC+ has sent the ruble tumbling, which could give Russia an unexpected advantage in the oil price war. … Read More >Russia’s unexpected advantage in the oil price war

Business

Russian economy resilient to oil market shocks – Moody’s

Posted on March 26, 2020June 15, 2020By Editor

Russia is less vulnerable to external shocks linked to turbulence in energy markets than many other oil-exporting nations, according to rating agency Moody’s. … Read More >Russian economy resilient to oil market shocks – Moody’s

Business

Oil majors are preparing for $10 oil

Posted on March 24, 2020March 24, 2020By Editor

The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. … Read More >Oil majors are preparing for $10 oil

Business

April could be WORST MONTH EVER for oil

Posted on March 22, 2020March 22, 2020By Editor

Oil producers are facing their worst crisis in history, but the market is not at a bottom yet, according to several analysts. … Read More >April could be WORST MONTH EVER for oil

Business

Russian First Deputy Prime Minister Says Oil Market Slumped on ‘Arab Partners’ Initiative’

Posted on March 22, 2020March 22, 2020By Editor

“Russia’s position has never been to collapse oil prices. This is our Arab partners’ initiative. Actually, the prime minister spoke about this. I can confirm this since I participated in the meeting where the directives were drawn up”, Belousov told the broadcaster Rossiya 1. … Read More >Russian First Deputy Prime Minister Says Oil Market Slumped on ‘Arab Partners’ Initiative’

Business

The lesson US shale refuses to learn

Posted on March 21, 2020March 21, 2020By Editor

In 2014, shale drillers were pushed to the brink of oblivion by low oil prices, and today with prices nearing similar levels it seems the sector has not learned its lesson. … Read More >The lesson US shale refuses to learn

Business

Russian economy can survive for a long time with oil at $20 per barrel

Posted on March 21, 2020June 15, 2020By Editor

Despite efforts by Russia to gradually cut its reliance on oil, a lengthy energy market turmoil could be challenging for the country’s economy and could even result in a major economic crisis. … Read More >Russian economy can survive for a long time with oil at $20 per barrel

World

Moscow Blasts US Statements About Russia’s Alleged ‘Energy Weapons’ as Insinuation

Posted on March 21, 2020March 21, 2020By Editor

The US recently reiterated its criticism of Russia’s sale of energy resources, calling its actions “malign” amid the ongoing dive in oil prices caused by the collapse of the OPEC+ deal. … Read More >Moscow Blasts US Statements About Russia’s Alleged ‘Energy Weapons’ as Insinuation

World

‘Seasonal madness provoked by coronavirus’ – Kremlin on reports US may sanction Russia over oil prices

Posted on March 21, 2020March 21, 2020By Editor

A Wall Street Journal report stating that the US government is considering additional sanctions on Russia over its role in the collapse of oil prices has been ridiculed by Vladimir Putin’s spokesman. … Read More >‘Seasonal madness provoked by coronavirus’ – Kremlin on reports US may sanction Russia over oil prices

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