Singapore, April 23 reported that Royal Bank of Scotland (RBS) analysis of experts in a report today that Royal Bank of Scotland down the line a few days ago for 2009 and 2010 oil price forecast.
Royal Bank of Scotland in London this year the price of Brent crude from the previous forecast of 80 U.S. dollars per barrel fell to 56.1 U.S. dollars, while in 2010 the price of London Brent crude from the previous forecast dropped to 76.25 U.S. dollars per barrel 75 U.S. dollars.
Royal Bank of Scotland said: "OPEC oil production will lead to curb global market demand. We believe that this shortage will gradually this year, pushing up oil prices. London Brent crude so far this year the average price of 46.87 U.S. dollars per barrel .
Source: www.in-en.com Apr. 24, 2009
20 years Russian oil production is expected to increase 13.25%
April 21, according to BMI from the well-known analyst firm's latest study of the Russian oil and gas report, Russia will account for pre-2013 Central and Eastern Europe (CEE) of 50.77% of oil demand, at the same time, Russia will provide 70.96% of the oil supply.
BMI's analysts expect oil production in Russia from 2007 to 2018 will increase by 13.25 percent during the period, while Russia's oil production from 2018 years ago in 2007 to 9.98 million barrels per day increased steadily 11,300,000 barrels.
According to the study said, during this period the Russian domestic oil consumption is expected to increase by 27.40 percent, Russia's oil exports in 2018 will reach 7.86 million barrels per day the highest level.
Source: www.in-en.com Apr. 21, 2009
BMI's analysts expect oil production in Russia from 2007 to 2018 will increase by 13.25 percent during the period, while Russia's oil production from 2018 years ago in 2007 to 9.98 million barrels per day increased steadily 11,300,000 barrels.
According to the study said, during this period the Russian domestic oil consumption is expected to increase by 27.40 percent, Russia's oil exports in 2018 will reach 7.86 million barrels per day the highest level.
Source: www.in-en.com Apr. 21, 2009
Russia and China to sign oil cooperation agreement
April 21, Russian Deputy Prime Minister will visit China today. The visit to Russia will be looking forward to in the oil fields and China has signed inter-governmental cooperation agreement.
RIA Novosti reported April 21, today the Russian Deputy Prime Minister will be meeting with Chinese leaders. The result will be meeting with the Chinese and Russian government signed a cooperation agreement between the oil sector. As early as February this year, Russian Deputy Prime Minister during his visit to China, signed the relevant documents, the Russian will be the construction of "Eastern Siberia - Pacific Ocean" oil pipeline extension to China, Russia and China will total 25 billion U.S. dollars oil company loans. Preliminary estimates, Russia will supply China's annual 15 million tons of oil, a period of 20 years.
Source: www.in-en.com Apr. 21, 2009
RIA Novosti reported April 21, today the Russian Deputy Prime Minister will be meeting with Chinese leaders. The result will be meeting with the Chinese and Russian government signed a cooperation agreement between the oil sector. As early as February this year, Russian Deputy Prime Minister during his visit to China, signed the relevant documents, the Russian will be the construction of "Eastern Siberia - Pacific Ocean" oil pipeline extension to China, Russia and China will total 25 billion U.S. dollars oil company loans. Preliminary estimates, Russia will supply China's annual 15 million tons of oil, a period of 20 years.
Source: www.in-en.com Apr. 21, 2009
Russia is expected to domestic crude oil production this year will not be lower than in 2008
April 18 Moscow, Russia, April 17 Department of Energy said that the Russian Energy Ministry expects Russian oil output this year will be lower than 2008's 9.735 million barrels per day.
Russian Energy Ministry said in a statement, on the contrary, Russia's crude oil production this year, there may be a slight increase in 2008.
Russia, a spokesman for the Department of Energy said: "At present, we expect that Russia will be this year's crude oil production in 2008 increased by 1% or 2% maybe."
Department of Energy of Russian crude oil production this year, optimism from a new oilfield in eastern Siberia, many of the production. Russian Ministry of Energy pointed out that the Talakan in East Siberia oil fields and oil fields Verkhnechonsk has started oil production in 2008, while the neighboring Vankor oil production in the second half this year.
According to preliminary statistics of the Russian Ministry of Energy, the Russian oil output in March increased by 0.4%, reaching 4,143,700 tons (9,760,000 barrels / day). Industry analysts said that as a result of the ruble against the U.S. dollar and the euro, the ratio of the recent sharp drop in crude oil export duties coupled with a reduction of expenditure cuts, the Russian oil producing companies have been encouraged to produce more crude oil.
Source: www.in-en.com Apr. 20, 2009
Russian Energy Ministry said in a statement, on the contrary, Russia's crude oil production this year, there may be a slight increase in 2008.
Russia, a spokesman for the Department of Energy said: "At present, we expect that Russia will be this year's crude oil production in 2008 increased by 1% or 2% maybe."
Department of Energy of Russian crude oil production this year, optimism from a new oilfield in eastern Siberia, many of the production. Russian Ministry of Energy pointed out that the Talakan in East Siberia oil fields and oil fields Verkhnechonsk has started oil production in 2008, while the neighboring Vankor oil production in the second half this year.
According to preliminary statistics of the Russian Ministry of Energy, the Russian oil output in March increased by 0.4%, reaching 4,143,700 tons (9,760,000 barrels / day). Industry analysts said that as a result of the ruble against the U.S. dollar and the euro, the ratio of the recent sharp drop in crude oil export duties coupled with a reduction of expenditure cuts, the Russian oil producing companies have been encouraged to produce more crude oil.
Source: www.in-en.com Apr. 20, 2009
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