Oil prices – Page 18 – THE OVAL CIRCLE

Oil price crash not catastrophic for Russian economy — Kremlin

Posted on March 20, 2020June 15, 2020By Editor

The current turmoil on the global oil market is not disastrous for Russia, Presidential Press Secretary Dmitry Peskov said on Friday, noting the country has a safety cushion. … Read More >Oil price crash not catastrophic for Russian economy — Kremlin

World

Trump says oil price war ‘devastating’ for Russia – but it’s Saudis & US shale that stand to suffer most

Posted on March 20, 2020March 20, 2020By Editor

Plummeting oil prices have sparked another round of predictions about the economic collapse of Russia – this time from US President Donald Trump, who sounded a lot like his predecessor Barack Obama on the subject. … Read More >Trump says oil price war ‘devastating’ for Russia – but it’s Saudis & US shale that stand to suffer most

Business

Russia says there is no oil price war with Saudi Arabia

Posted on March 12, 2020March 12, 2020By Editor

No talks have been planned with Saudi Arabia and other oil producing countries in the region regarding falling crude prices, according to the Kremlin. However, negotiations will be held immediately if necessary, it added. … Read More >Russia says there is no oil price war with Saudi Arabia

Business

Oil prices will rebound in several months – Russian energy minister

Posted on March 10, 2020March 10, 2020By Editor

It will take the oil market several months to recover from the current turbulence, Russian Energy Minister Alexander Novak said on Tuesday, adding that plummeting oil prices were not a surprise for Russia. … Read More >Oil prices will rebound in several months – Russian energy minister

Business

Who will blink first? Russia in better position to win oil price standoff with Saudi Arabia

Posted on March 10, 2020March 10, 2020By Editor

Riyadh’s actions in the oil market could be a grave miscalculation and will definitely backfire, but they will not make Moscow dance to its tune, analysts have told RT. … Read More >Who will blink first? Russia in better position to win oil price standoff with Saudi Arabia

USA

US Energy Department Accuses ‘State Actors’ of Trying to Manipulate, Shock Oil Markets

Posted on March 10, 2020March 10, 2020By Editor

The United States will withstand attempts by “state actors” to manipulate oil markets, Energy Department spokeswoman Shaylyn Hynes said in a statement. Earlier, US crude prices suffered a 25 percent drop on fears of a glut sparked by a battle for market share between major oil producers Saudi Arabia and Russia. … Read More >US Energy Department Accuses ‘State Actors’ of Trying to Manipulate, Shock Oil Markets

Russia

Moscow Exchange Index Falls 10%, Russia Trading System Index Loses 12.6% After Oil Prices Slump

Posted on March 10, 2020March 10, 2020By Editor

The day before, crude oil prices slumped by over 30 percent in the biggest fall since the 1991 Gulf War, after the OPEC+ alliance failed to agree on a deal to introduce new production cuts last week. … Read More >Moscow Exchange Index Falls 10%, Russia Trading System Index Loses 12.6% After Oil Prices Slump

Business

The winners & losers of the Saudi-Russia oil price war

Posted on March 9, 2020March 9, 2020By Editor

While neither Moscow nor Riyadh want to see oil trading at record lows, their failure to agree on how to boost the market has led to an all-out price war. The only question is who will benefit most from the situation. … Read More >The winners & losers of the Saudi-Russia oil price war

Business

Stocks Plunge Over Double-Threat of Crashing Crude Prices and Coronavirus-Driven Recession Fears

Posted on March 9, 2020March 9, 2020By Editor

Earlier on Monday oil futures tanked after the OPEC + talks to agree on a collective production cut failed, effectively abolishing oil output restrictions, followed by Saudi Arabia’s decision to pump more oil. … Read More >Stocks Plunge Over Double-Threat of Crashing Crude Prices and Coronavirus-Driven Recession Fears

Business

Russia swiftly reacts to bloodbath in markets, says it’s ready for $25 oil

Posted on March 9, 2020June 15, 2020By Editor

Russia’s sovereign wealth fund has enough reserves to cover budget deficit for years, even if oil prices stay between $25 and $30 per barrel, the Finance Ministry announced amid a dramatic oil market crash. … Read More >Russia swiftly reacts to bloodbath in markets, says it’s ready for $25 oil

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