Russia’s energy chief blames US trade war for current oil prices
Russia restored oil production by 80% in July
Moscow - TASS
The current level of oil prices stems particularly from the US trade war, Russia’s Energy Minister Alexander Novak said Friday.
"Those (oil price decline - TASS) are negative signals for the global economy. Crude prices are volatile and respond to existing general signals. The current prices reflect trade wars statements as well," he explained.
A sharp drop in crude prices started on July 11, as the price of Brent crude oil decreased by $4 on the day to $73 per barrel.
Oil production
Russia restored oil production by 80% in July against the reduction volume within the OPEC+ agreement, he added.
GMT 07:04 2018 Monday ,22 October
Saudi Arabia has 'no intention' of 1973 oil embargo replayGMT 11:46 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancingGMT 12:50 2017 Wednesday ,27 December
Oil prices close at 2-1/2 year peakGMT 12:46 2017 Wednesday ,28 June
Oil pulls back on preliminary dataGMT 04:21 2017 Thursday ,11 May
Oil rises after US inventoriesRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 09:23 2019 Friday ,30 August
Testing
GMT 08:26 2017 Monday ,10 July
Air India break-up an option as Modi pushes for quick sale
GMT 17:09 2017 Friday ,29 December
At least 14 dead in Mumbai fire
GMT 13:44 2017 Thursday ,21 December
Nine-time champion Loeb set for 2018 cameo
GMT 12:39 2016 Thursday ,22 December
England's Alastair Cook named as captain of ICC team of year
GMT 13:08 2017 Tuesday ,26 September
Bahrain's aluminum industry thriving, manned by 12,184
GMT 16:24 2017 Friday ,11 August
Kuwait uses restoration expertise of Egyptian Book House
GMT 06:36 2017 Monday ,06 March
Israel approves partial marijuana decriminalisation
GMT 08:50 2017 Sunday ,03 December
Reza Zarrab, the star witness unnerving Ankara
GMT 09:07 2024 Thursday ,08 February
UTair flight makes emergency landing in Russia’s Yekaterinburg
GMT 05:28 2024 Wednesday ,07 February
Future Brazil gov to 'dissociate' itself from UN migration compact
GMT 18:26 2018 Friday ,14 December
Mashrou’ Leila headline Apple event in Dubai
GMT 08:50 2018 Thursday ,06 December
Biological weapons can be discussed only in framework of BWC
GMT 09:31 2018 Sunday ,04 November
Djokovic triumphs over Federer to meet Khachanov in Paris final
GMT 12:35 2018 Thursday ,01 November
UN chief appoints new special envoy for Syria
GMT 07:38 2018 Thursday ,25 October
Abu Dhabi oil giant sees ‘enormous’ investment potential in Kingdom
GMT 04:31 2018 Tuesday ,04 September
Syrian Arab Army destroys rocket launching pads for terrorists in Hama countryside
GMT 12:41 2016 Friday ,09 December
Blatter blasts Infantino over lack of respect
GMT 23:04 2017 Friday ,21 April
Blaze kills 19 at gov't-run shop in central IndiaGMT 03:22 2011 Thursday ,05 May
The Leela Palace New Delhi opens
GMT 10:13 2015 Saturday ,03 January
Fashion East reveals AW15 men's presentation line-up
GMT 03:28 2016 Saturday ,30 April
German researchers develop microbots to clean up lead from water
GMT 13:24 2017 Sunday ,13 August
Plane makes emergency landing at Cairo airport
GMT 03:58 2017 Monday ,03 July
Police Music Band to participate in US Independence Day celebrations
GMT 11:06 2016 Thursday ,15 September
WADA urges Russia to stop doping hacks
GMT 14:05 2014 Thursday ,18 December
Airbnb in Amsterdam tourist tax deal, first in Europe
GMT 19:49 2017 Thursday ,17 August
Daesh claims its 'soldiers' carried out Barcelona attack
GMT 09:26 2016 Monday ,29 August
Egypt seeks tougher penalties
GMT 09:54 2013 Thursday ,28 February
Tragedy for the Canal regions and the Brotherhood's backwardness
GMT 09:08 2018 Wednesday ,10 January
Federer eyes fresh 'fairytale' as Slam rivals struggle
GMT 11:39 2017 Tuesday ,07 November
Netanyahu signals Gaza militant bodies to be bargaining chips
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor