Oil prices – Page 19 – THE OVAL CIRCLE

Russia slowly getting over its oil addiction, says Putin

Posted on March 4, 2020March 4, 2020By Editor

Russia is trying to shield its economy from turbulence in global energy markets, but cutting the country’s reliance on oil cannot happen at once, Russian President Vladimir Putin believes. … Read More >Russia slowly getting over its oil addiction, says Putin

Business

Putin says Russia should be ready for any scenario as oil market suffers steep decline

Posted on March 1, 2020March 1, 2020By Editor

The current crude prices are acceptable for the Russian economy, Russian President Vladimir Putin said after the price of oil dramatically fell to the lowest point in more than a year. … Read More >Putin says Russia should be ready for any scenario as oil market suffers steep decline

Business

Bear run sends oil down for 10th straight session

Posted on February 5, 2020February 5, 2020By Editor

A bear stampede has taken hold of oil markets as the coronavirus continues to spread fear, uncertainty and doubt. … Read More >Bear run sends oil down for 10th straight session

Business

Oil prices rise on surprise crude draw

Posted on January 29, 2020January 29, 2020By Editor

The American Petroleum Institute (API) estimated on Tuesday a surprise large crude oil inventory draw of 4.27 million barrels for the week ending January 24, compared to analyst expectations of a 482,000-barrel build in inventory. … Read More >Oil prices rise on surprise crude draw

Business

Deal with OPEC helps Russia double its National Wealth Fund

Posted on January 23, 2020June 15, 2020By Editor

The agreement between Russia and the Organization of the Petroleum Exporting Countries (OPEC) to cut oil output has brought huge benefits to the entire Russian economy and its National Wealth Fund (NWF). … Read More >Deal with OPEC helps Russia double its National Wealth Fund

Business

Oil prices surge 4 percent on news of Soleimani killing

Posted on January 4, 2020By Editor

Two major oil price benchmarks jumped in the early hours of Friday after news broke that Iran’s second most powerful public figure, Quds Force commander Qassem Soleimani, had been killed in a US airstrike in Baghdad. … Read More >Oil prices surge 4 percent on news of Soleimani killing

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