Jul 28 2008
Russia and Venezuela – two major oil powers and concerted action from these countries depends ensuring energy security. The talks with Russia President Hugo Chavez proposed the creation of a strategic alliance in the energy field. Also at the talks by representatives of Russian companies «TNK-BP», «LUKOIL» and «Gazprom» signed several agreements with the Minister [...]
Jul 24 2008
World market prices for oil on July 22, 2008 at the leading oil exchanges declined significantly. Official oil futures prices coming month deliveries were: at the InterContinental Exchange Futures – 129,55 US$/bbl. (IPE Brent Crude); at the New York Mercantile Exchange – 127,95 US$/bbl (Light, Sweet Crude Oil). The price of oil began the session [...]
Jul 16 2008
The Brazilian oil company Petrobras announced the reduction of the volume of oil production by 7% due to the strike of the company. Strike started July 14 and led to a stop 2 oil platforms in the basin Campos Basin off the coast of the State of Rio de Janeiro and to reduce production at [...]
Jul 11 2008
Russian Vice-Premier Igor Sechin offers to build a new refinery in Russia with capacity of 12 million tons. The project cost is estimated at 8 billion dollars. In Russia no such plants built since USSR times. Usually, major oil companies only modernized the old refinery. The State will participate in the construction of new refineries [...]
Jul 08 2008
World market prices for oil fall on July 7, 2008 at the leading oil exchanges declined significantly. Official oil futures prices coming month deliveries were: at the InterContinental Exchange Futures – IPE Brent Crude – 141,87 US$/bbl., at the New York Mercantile Exchange – Light, Sweet Crude Oil – 141,37 US$/bbl. The decline in oil [...]