This year Russia’s budget is reaching its highest level of resistance to oil price swings in the past nine years, Russian Finance Minister Anton Siluanov told Parliament on Friday. We Continue Reading
5 Norwegian oil and gas fields will shut down production unless a wage deal is agreed with the Lederne trade union, an industry lobby group says. OSLO, June 9 (Reuters) Continue Reading
Comey testimony may increase odds of new sanctions Senate Republicans and Democrats negotiating new sanctions amendment McCain pushing new sanctions targeting Russian energy sector Former FBI Director James Comey told Continue Reading
Oil prices have plunged back to levels not seen since OPEC announced its original production cut deal last November. Prices have been falling since the group extended their cuts for Continue Reading
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. Oil prices continued to slide on Friday, adding to sharp declines from earlier this week as Continue Reading
As Brent crude oil closed on Wednesday at its lowest level since before OPEC and other nations agreed to cut output, someone bet half a million dollars on prices surging Continue Reading
U.S. oil prices had their worst day since March, falling to their second-lowest level of the year after U.S. data showed an unexpected increase in oil stockpiles. U.S. crude inventories Continue Reading
Oil prices edged lower Thursday, near lows going back to last year with traders still fearing the implications of an unexpected addition to U.S. crude inventories from last week. The Continue Reading
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. Crude futures edged up in early Asian trading on Thursday following heavy losses in the previous Continue Reading
The oil price has ignored rising geopolitical tensions in the Middle East, as a three-year old crude surplus has wiped out any real fear over supply, but one of the Continue Reading
