An $80 per barrel oil price would be the market’s “golden mean,” Vice President of Russian oil producer Lukoil Leonid Fedun reported. “The price which the market needs now in order for us to satisfy global demand until 2030 is $80 per barrel, according to our estimates”, Fedun said. (Prime/Business World Magazine)Details
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Russian Energy Minister Alexander Novak has met with European Commission Vice President for Energy Union Maros Sefcovic and discussed natural gas pipeline projects OPAL, Nord Stream-2 and Turkish Stream, the Russian Energy Ministry said in a statement. Novak and Sefcovic also discussed Russia’s gas exports to Ukraine and the transit of gas through the country…Details
The Kremlin does not see Igor Sechin, CEO of oil major Rosneft, contradicting position of President Vladimir Putin regarding Russia’s readiness to curtail oil output, spokesman for Putin Dmitry Peskov reported. Sechin said that Rosneft would not cut or freeze production despite Putin’s comments and OPEC’s agreement to limit daily oil output at 32.5-33 million…Details
Secretary of the National Security and Defense Council of Ukraine (NSDC) Oleksandr Turchynov at a meeting with Romanian Minister of National Defense Mihnea Motoc has discussed the prospects of bilateral cooperation in the military-technical sphere and the field of security and defense. According to the NSDC’s press service, during the meeting in Kyiv the sides…Details
The share of distressed assets at Belarusian banks has grown by 8% since early 2016 to 15% at the moment. First Vice Chairman of the National Bank of Belarus (NBB) Taras Nadolny released these figures at the conference “The Role of the Export-Import Agency in the Belarusian Economy” on October 7 in Minsk. Stress test…Details
In 2015/2016 MY, profitability of Ukrainian flour exports is quite low in comparison with other countries, the adviser to the Chairman at Agrarian Fund PJSC Sergei Sakirkin declared. According to him, in 2015/2016 MY Ukraine supplied 344 thousand tons of flour to foreign markets valued at $72.29 million, while the USA – 303 thousand tons…Details
On October 11, National Mercantile Exchange CJSC (NAMEX) held the regular stock exchange trading within frames of public grain purchasing interventions in the regional trading platforms of Russia, and purchased 44.415 thousand tons of grains (from the proposed volume of 49.95 thousand tons) valued at 407.325 million rubles. In particular, the fund purchased 6.75 thousand…Details