Tag Archives: Russia

Assets, production facilities of foreign companies in Russia may be confiscated- Report

Western businesses leaving Russia due to the war may have their companies and production facilities confiscated by the Russian state, according to Moscow. Businesses that leave the country are “basically abandoning their staff to their fate,” said former Russian president Dmitry Medvedev on Thursday. To prevent people from ending up unemployed and on the streets, the Russian government is taking ...

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OPEC cuts push oil prices to $70 amid strong economy

Oil prices were firm, on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the Organisation of the Petroleum Exporting Countries (OPEC) and Russia. Reuters News agency states that spot Brent crude oil futures, the international benchmark for oil prices, were at 70 dollars a barrel at 0102 ...

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Crude oil now sells for $70

The price of brent crude oil rose to 70 dollars a barrel, on Monday, supported by ongoing output cuts led by the Organisation of Petroleum Exporting Countries (OPEC) and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America. Brent sweet crude futures, the international benchmark for oil prices, were ...

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Oil rises, poised to make above $70 , on fewer U.S. rigs, OPEC

Oil prices rose on Monday, poised to make above 70 dollars on a slight decline in the number of U.S. rigs drilling for new production and sustained output cuts by the Organisation if Petroleum Exporting Countries (OPEC). Brent sweet crude futures were at 67.95 dollars a barrel, 33 cents above their last close. The Brent oil is poised to rise ...

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Oil price: OPEC to hold crucial meeting Thursday in Vienna

OPEC is heading for tougher-than-expected policy talks on Thursday amid concern that its efforts to rebalance the oil market might overshoot by creating a global deficit and spurring a further price rally. “It will not be an easy meeting and we always look at various scenarios,” United Arab Emirates Energy Minister, Suhail Al-Mazroui said on Tuesday in Dubai before leaving ...

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