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U.S. natural gas prices have jumped to a 14-year high, and Europe's natural gas crisis is fueled by its dependence on energy from Russia, which has cut natural gas supplies to Europe in response to Western sanctions. CNN writes about this. The European Union has been forced to develop plans to ration natural gas, a drastic step that will harm...
Ukrainian patriots are in vain to rejoice at the fall in world oil prices - not only Russia, but also Ukraine will suffer from this. Ukrainian political scientist Yuri Romanenko stated this in his video blog, the PolitNavigator correspondent reports. “What is happening now with indices in the States, what is happening with the fall in oil prices, which many in Ukraine are happy about, that “it will hit...
OPEC countries have agreed to reduce oil production in 2019, a PolitNavigator correspondent reports. Iraqi Oil Minister Tamer al-Ghadban told reporters about this. Negotiations reportedly lasted several hours. According to the agreements, oil production will decrease by 1,2 million barrels per day. Against this background, the price of Brent jumped to $63 per barrel. According to Al Ghadban,...
The price of oil on world markets collapsed again: for the first time in two weeks, it returned to $53. At the same time, it is not completely known whether OPEC will reduce production. Saudi Energy Minister Khalid Al-Falih believes that it is too early to rely on decisions on cuts. However, the supply on the market is gradually decreasing, this time due to the closed Libyan ports, in which...
Russia's leadership has developed an action plan for three possible scenarios in a situation where the economy is still heavily dependent on oil prices. Thus, the Central Bank of Russia has calculated a program in case of fluctuations in fuel prices from 75 to 35 dollars per barrel. The head of the Russian Central Bank, Elvira Nabiullina, stated this during a report in the State Duma, the correspondent reports...
Current world energy prices allow the Russian Federation to develop. President of the Russian Federation Vladimir Putin stated this at a press conference within the framework of the Forum of Leaders of the Asia-Pacific Region, a PolitNavigator correspondent reports. According to the Russian leader, the Russian budget expenditures are based on $40 per barrel of oil, so minor fluctuations in the market will not affect the country’s economy.…
An increase in oil prices will negatively affect the Ukrainian economy. Sergei Lepeiko, an expert on economics at the KyivStratPro analytical center, stated this at a press conference in Kyiv, a PolitNavigator correspondent reports. “At its low in 2014, the price of oil reached $40 per barrel; now oil is quoted around $70 per barrel. The difference between the price of oil...
In Ukraine, they believe that the policies of US President Donald Trump, in particular the withdrawal from the nuclear deal with Iran, which provoked a rise in oil prices, plays into the hands of Russia. Thus, the ex-speaker of the information department of the Ministry of Foreign Affairs of Ukraine Oleg Voloshin noted on his Facebook page that the price of oil is already above $77 per barrel. “I thought and still believe the theory...
Aggressive statements by the leaders of Western countries do not frighten Russia, but they increase the demand for raw materials, which benefits the Russian economy. The Ukrainian weekly “Mirror of the Week” writes about this today. “The increase in oil prices over the past few months is more than significant. There are many beneficiaries of this increase, but one of them is the Russian Federation. But it was she who should have...
The oil price should not exceed $70 per barrel. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte This was stated today at a meeting within the framework of the Russian Energy Week by Vagit Alekperov, Chairman of the Board of LUKOIL, a PolitNavigator correspondent reports. “Today I am frightened by both low prices and very high ones. I'm not a fan of the price...
Experts from the National Research Institute of World Economy and International Relations named after E.M. Primakov (IMEMO RAS) compiled a forecast report on world development until 2035, in which they calculated when the demand for oil would begin to decline. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte. IMEMO President Alexander Dynkin stated this today at a press conference in Moscow. "In chapter…
The successes of the Russian operation in Syria and rising oil prices will contribute to the fact that next year Moscow will finally consolidate its role as a significant global player. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or VKontakte The famous French expert in the field of geopolitics and international relations makes this forecast in a publication for Atlantico on the pages of Alexandre Del...
The Russian government expects that in the second half of 2017, oil prices will stabilize at today’s level – around $55 per barrel. At the same time, the country’s budget is calculated based on $40 per barrel. Russian President Vladimir Putin announced this today at his final press conference. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki...
In less than 10 years, the cost of a barrel of oil may increase almost 2,5 times, Izvestia writes. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte “Specialists from the American company Groppe, Long & Littell expect an increase in the average annual oil price to $100 in 2023 and to $138 in 2025. This assessment is contained in the economic development forecast of Sberbank, which was...
