Photos of day

Date: 5 months ago   Category: Finances

Review of an inopressa. Russia is ready to increase oil production


As writes Financial Times, such option is considered in case it won't be possible to reach the separate agreement with Saudi Arabia of the Photo: Egor Aleev/TASS Russia is ready to increase oil production if doesn't reach the separate agreement with Saudi Arabia, Financial Times reports. However growth of the offer risks to bring down barrel cost in the world markets. Russia plans to increase extraction of crude oil on 300 000 barrels a day by the beginning of next year if doesn't come to the separate agreement with Saudi Arabia for production restriction. Since June of the current year Moscow swings the maximum quantity of oil and has started drilling on new platforms, having reached Post-Soviet maximum volumes in 11,5 million barrels a day within the agreement with Saudi Arabia to provide deliveries to the world markets as the American sanctions have slowed down export of the Iranian oil. Last month the price of barrel of oil has already failed for 17%. The decision of the USA to provide an exception to some countries buying the Iranian oil also weakens the oil market. The representative of Iran in OPEC Hussein Kazempur Ardebili has protested against Saudi Arabia and Russia, having said that they play into the hands of the USA and take away his market share from Iran. As notes the edition, according to some information, Riyadh has asked Moscow to reduce production in the end of the year to support the prices and market balance, being afraid of further falling of the prices. Ministers of oil of two countries of Haled al-Falekh and Aleksandr Novak intend to meet during week-end in Abu Dhabi. Members of expanded group of OPEC will gather there to discuss the movements of the market before a ministerial meeting of OPEC in Vienna next month. To add BFM.ru to your sources of news?

URL:


Today

just now

Against the background of a wave of sales at the end of the last week the ruble considerably weakened to dollar and euro after the previous growth. For dollar gave 64 rubles 65 kopeks, for euro — near...

just now

The State Department reacted to arrival in Venezuela of officials of the Russian Defense Ministry and 100 servicemen. Whether Venezuela the new driver for accumulation of sanctions pressure can become...

4 minutes ago

28-year-old Anna Shchekina nominated by LDPR rezonansno bypassed the speaker of municipal duma on elections of the mayor of Ust-Ilimsk in the Irkutsk region. She collected nearly 44% of votes while th...

an hour ago

The initiative of the Ministry of Economic Development was opposed by Renault and AvtoVAZ: they already undertook to produce 100% of cars in the mode of a full cycle of the Photo: Mitya Aleshkovsky/BF...

2 hrs ago

The service reported about systematic violations of health requirements in 14 of 17 institutions of network. Anastasia Tatulova intends to appeal to Anastasius Tatulov's court. Photo: Anton the Networ...

3 hrs ago

"You joke, you frolic, in the law about jokes there is nothing" — the deputy chairman of State Duma Committee on the constitutional legislation and state construction Dmitry Vyatkin Foto so answered t...

4 hrs ago

More than 70 capital theaters participate in an action, they work for free till the morning. However, on many actions registration of the Photo is necessary: Sergey Vedyashkin/AGN Moscow the Annual ac...

4 hrs ago

Department pointed out unauthenticity and incompleteness of the Moscow districts given cards of gas contamination. Whether it is necessary to trust similar information when choosing housing? Photo: Vi...