oil

Oil fell in price lowest in 11 years Oil drops bellow $35 per barrel, level not seen in a decade since 2004. 07.01.16 13:01 161 993 1 026 Economics

Oil prices may fall to $25 a barrel, - Russian Deputy Prime Minister Deputy Prime Minister Arkadiy Dvorkovich does not rule out a short-term drop in oil prices to $25 per barrel. 28.12.15 16:40 43 102 252 Economics

Saudi Arabia killing Russian economy in its campaign to control oil prices, - Business Insider A year ago, Oil Minister of Saudi Arabia Ali Naimi made it plain that he didn't care what happened to Russia if oil-producing countries failed to cooperate with Saudi-dominated OPEC on keeping prices high by restricting production. 24.12.15 22:41 66 681 248 Economics

Oil slumped to 11-year low: Brent traded below $36.2 per barrel Brent crude oil has fallen to its lowest since July 2014 - less than $36.2 per barrel, which is its 11-year low. 21.12.15 11:20 49 539 364 Economics

US oil export ban lifted as Obama signs 2016 spending bill The U.S. Congress voted on Friday, Dec.18, to repeal the 40-year-old ban on exporting U.S. crude oil. 19.12.15 09:33 90 606 466 Economics

Brent crude falls to $37.1 per barrel Oil closed at the lowest level in more than six years after U.S. crude inventories climbed to the highest recorded for this time of year since 1930. 17.12.15 11:14 24 503 139 Economics

Oil continues to slump as cheapest varieties traded at almost $20, - Bloomberg Oil has crashed through $35 a barrel in New York while some producers are already living with the reality of much lower prices. 14.12.15 23:56 172 991 720 Economics

Brent oil slumps below $37 per barrel first since 2008 Brent crude oil futures for January decreased by 2% to $36.98 per barrel at the ICE Futures Exchange falling to a record minimum of $37 for the first time since Dec. 2008. 14.12.15 15:46 75 543 522 Economics

Oil prices close to 2015 low upon OPEC decision Crude prices fell on Monday in the first trading session after OPEC members failed to agree on output targets to reduce a bulging oil glut that has cut prices by more than 60 percent since June 2014. 07.12.15 09:43 41 749 203 Economics

Erdogan charges Russian Federation of purchasing oil from ISIS terrorists Turkish President Recep Tayyip Erdogan made counter-accusation against Russia having said that it was involved in the purchase of oil from the "Islamic State." 03.12.15 14:50 128 275 416 Incidents

"Nobody gives any rush to Soviet propaganda mill style lies," Turkish PM commented on Kremlin’s statements Prime Minister of Turkey Ahmet Davutoglu called the accusations of oil deliveries from the "Islamic State" terrorists, which had been put forward by Moscow against Turkey, the "product of the Soviet propaganda machine". 03.12.15 15:36 30 593 146 World

Russian Armed Forces General Staff found out in a lie about Turkey buying oil from Islamic State. PHOTOS The Russian Defense Ministry has once again been caught in a lie. The version of the General Staff of the Armed Forces of the Russian Federation regarding the purchase of oil by Turkey from ISIS appeared to be ludicrous. 03.12.15 14:25 130 669 350 World

Brent crude oil traded below $43 a barrel The price of North Sea Brent Blend fell below $43 a barrel on Wednesday evening, Dec. 2, 2015. 02.12.15 21:15 42 138 170 Economics

Erdogan denies Putin’s accusations offering Russian president to resign On Monday, Turkish President Recep Tayyip Erdogan denied allegations by Russian President Vladimir Putin that Turkey was allegedly involved in a large-scale oil trade with the “Islamic State”. 01.12.15 12:43 155 214 591 World

Iraq resorts to dumping in battle for oil market: some varieties sold at $30, - Reuters Iraq has set the official selling price of Basra Heavy in Europe at $10.40 a barrel for December, that is much below Brent's price. 19.11.15 22:45 50 979 291 Economics

Ukraine comes up with alternative to Russian oil supplies, Energy Minister Demchyshyn says Ukrainian traders have replaced oil supplies from the Russian Federation in the amount of 170,000 tons per month by means of alternative sources. 19.11.15 13:59 66 716 156 Economics

Accomplices of Yanukovych reclaim assets with help of Pechersk district court of Kyiv, - journalist. DOCUMENT (in Ukrainian) Yanukovych and his henchmen are preparing for return to Ukraine to take revenge. 17.11.15 16:32 12 375 44 Oddities

Brent crude oil fell to $44.16 per barrel Oil prices continue to decline. This morning, the price of December futures for North Sea Brent Blend fell to $44.16 per barrel at the Intercontinental Exchange in London. 13.11.15 10:10 24 473 213 Economics

New oil price slump to follow Russia-Saudi rivalry in Europe, - Reuters Saudi Arabian steps into rival Russia's backyard, as it pushes sales into north Europe's refineries, piles fresh pressure on oil prices already struggling against oversupply . 09.11.15 23:01 99 871 261 Economics

Fugitive oligarch Kurchenko's petroleum no longer arrested The Pechersk district court of Kyiv has removed the arrest of petroleum products used as physical evidence in criminal proceedings with respect to illegal import and sale in the territory of Ukraine of petroleum products belonging to the firms of fugitive oligarch Serhii Kurchenko. 26.10.15 14:46 31 025 146 Previously in trend: Kurchenko’s shadow empire

Saudi Arabia outperformed Russia in oil production Saudi Arabia again overran the Russian Federation in oil production in August, with an average of 10.362 million barrels a day. 23.10.15 09:41 49 996 614 World

US Congress lifts 40-year-old ban on oil exports, - WSJ The House voted Friday to lift the 40-year-old ban on oil exports, fueling a clash with President Barack Obama and acting on one of the oil industry’s top congressional priorities. 09.10.15 23:58 48 670 225 Economics

OPEC to tolerate cheaper crude in 2015, - Reuters OPEC countries are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output. 29.08.15 14:45 41 879 290 Previously in trend: Sanctions against Russia

Ukraine may benefit from oil price plunge, - Yatseniuk Drop in oil prices witnessed in the last few months in the world markets is positive for Ukraine. 26.08.15 17:05 19 156 241 Economics

Brent crude oil drops to $44.51 per barrel World oil prices show very negative trend on Monday, dropping by more than 2 per cent; for the first time since March 17, 2009, Brent has plummeted through a psychological mark of $45 a barrel, while anxiety for China's economy grows, according to trading data. 24.08.15 11:40 56 409 486 Economics

Oil falls, Brent traded at $48.62 per barrel Aug. 18, the Intercontinental Exchange saw the fall of price of North Sea Brent Blend for October delivery by 1,172 per cent - to $48.62 per barrel. 18.08.15 12:01 23 368 211 Economics

Oil states burning billions as global axis of power shifts, - The Times The price of oil sank to below $50 a barrel last week, the lowest in six years, draining Gulf states of their spending power - but hitting Russia and other producers harder still. 17.08.15 23:44 128 665 504 Economics

Yatseniuk initiates investigation into granting licenses to offshore companies for development of seven Black Sea shelf oil and gas reserves Prime Minister of Ukraine Arsenii Yatseniuk instructed Vice Prime Minister Valerii Voshchevskyi to figure out how two offshore companies from Cyprus have almost received seven licenses for development of strategic oil and gas deposits on the Black Sea shelf adjacent to Odesa region. 12.08.15 16:15 7 172 42 Economics

Russia to lose $34 billion, should Iran regain its oil share, - World Bank Iran's return to oil market will cost the Russian economy $34 billion, while the OPEC states might face a $22 billion loss. 11.08.15 20:27 55 304 464 Previously in trend: Economic disaster

Rada refused to transfer Kurchenko's oil to Armed Forces. People's Front party left the session hall in protest The Verkhovna Rada refused to support the bill, which allowed for the transfer of the confiscated oil of oligarch Serhii Kurchenko to the Armed Forces of Ukraine free of charge. 19.06.15 17:13 80 705 179 Ukrainian Politics

Violations worth 200 mln UAH found at Ukrspyrt, and BRSM-Nafta caused losses to the state in amount of 230 mln UAH, - State Fiscal Service First deputy head of the State Fiscal Service of Ukraine Serhii Bilan told about illegal deals in Ukrspyrt company, which is the only state spirit operator on external and internal markets providing for 95% of spirit production in Ukraine. 19.06.15 11:25 88 0 Economics

Fire continues at the oil depot near Kyiv Oil depot of BRSM-Nafta company near Kyiv continues burning. 15.06.15 11:16 33 667 119 Previously in trend: Fire at tank facility near Kyiv

Deputy director of Ukrtransoil-2009 Shkvyra, who was in charge of petroleum depot near Kyiv, detained, - Ministry of Internal Affairs Ministry of Internal Affairs detained deputy director of Ukrtransoil-2009 company on suspicion of violation of safety rules at the tank facility near the village of Kriachky (Vasylkiv district, the Kyiv region). Chief engineer of the tank facilityYurii Yuzhanin will also be prosecuted. 12.06.15 14:30 38 205 66 Previously in trend: Fire at tank facility near Kyiv

Firefighters launched another foam attack for fire extinguishing at the oil depot near Kyiv, - State Emergency Service. PHOTOS Rescuers launched another foam attack to put out fire at the tank facility near Kyiv. 12.06.15 11:20 54 431 69 Previously in trend: Fire at tank facility near Kyiv

All those involved in the tragedy, as well as those who turned a blind eye to the construction of a tank farm facility next to the military arsenals, will bear criminal responsibility,- Turchynov The fire at the tank farm in Vasylkiv district of Kiev region raised a lot of problematic issues. 11.06.15 22:45 17 418 153 Incidents

14 fuel containers continue burning at the oil depot near Kyiv, - State Emergency Service. PHOTOS One large and 13 small fuel containers continue burning at the tank facility in Kriachky village of Vasylkiv district, the Kyiv region, as of 8:30 a.m. Thursday. 11.06.15 09:10 73 695 179 Previously in trend: Fire at tank facility near Kyiv

There are no toxic substances in the burning tank facility,- Turchynov No toxic substances, just fuel is burning at the oil depot near Vasylkiv, the Kyiv region. 09.06.15 16:55 8 423 99 Previously in trend: Fire at tank facility near Kyiv

Burning tank facility has been under investigation, and its real volume of oil is unknown, - Turchynov According to information received, there were about 14,000 tons of oil products at the tank facility burning near Kyiv. 09.06.15 15:34 69 324 232 Previously in trend: Fire at tank facility near Kyiv

ExxonMobil lodges a claim to Russia for $500 million with the Stockholm arbitration U.S. oil and gas major ExxonMobil is going to lodge a claim to Russia for $500 million to the Stockholm arbitration court this week. 30.03.15 12:29 111 430 399 Economics

Russian budget to lose $135 billion at the price of oil at $55 - OPEC According to the Organization of Petroleum Exporting Countries, if the oil price stays at the current $55 per barrel for a year, Russia will earn around $135 billion less. 17.03.15 09:55 47 268 410 Economics

The European Union will do nothing while it depends on Russia’s energy - McCain EU is not doing its best to counter the aggression of Russia against Ukraine, and such attitude only encourages Putin. 03.03.15 17:23 39 469 372 Previously in trend: Russian aggression against Ukraine

Russian economy will lose $160 billion annually if the oil price slumps to $45 per barrel - the Central Bank of Russia head The Bank of Russia expects annual losses of the Russian economy to reach $160 billion a year at an oil price of $45 per barrel. Previously, the regulator began to work out the stress scenario implicating the price of $40 per barrel. 04.02.15 13:12 61 378 395 Previously in trend: Economic disaster

Prices of WTI crude oil falls below $46 The price of WTI U.S. light crude futures fell by 4.94%. 13.01.15 10:52 67 102 647 Economics

Most developing countries will benefit from oil price slump - World Bank Group Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth. 08.01.15 11:11 72 413 572 Economics

OPEC oil basket price plummets below $52 The price of OPEC oil basket as of Jan. 2, 2015 fell to $51.91 a barrel. 05.01.15 16:40 84 052 451 Economics

Brent crude prices drop to $55.5 a barrel A significant decrease of oil prices continues in the world market, reaching the lows of May 2009. 05.01.15 14:10 56 162 428 Economics

Oil prices slumped to 2008 minimum: Brent - $57.06, WTI - $53.05 Oil fell for a fourth day, extending losses from a five-year low amid speculation that U.S. crude inventories will stay at the highest level since June, offering no relief from a global glut. 30.12.14 12:29 22 685 294 Economics

Russian oil companies played the volume of oil spill in the Black Sea down hundredfold - WWF. PHOTOS+VIDEO According to the World Wildlife Fund (WWF), the Russian oil giant Transneft and Rosneft officials traditionally played the oil spill and its scope down. 26.12.14 23:11 73 010 268 Incidents