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Russia: Few economic burdens with oil above $40![]() ![]() Moscow (UPI) Jan 9, 2017 Russia needs clear economic policies to prevent shocks from oil prices, though stability is expected at $40 per barrel, a development minister said. The Central Bank of Russia in late December reported a net contraction for full-year 2016, though the level of decline was less severe in the latter half of the year. The oil-dependent economy faced dual strains from the low price of oil and economic sanctions, but Russian Minister of Economic Development Maxim Oreshkin told business daily Kommersa ... read more |
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![]() The revenue stream for the shale-rich state of Oklahoma shows lingering, but easing, pressure from the energy sector downturn, the state treasurer said. ... more ![]() ![]() Exploration and production activity in North America surged 12 percent in the month that followed OPEC's output deal, an oilfield services company said. ... more ![]() ![]() Crude oil prices moved sharply lower before the start of trading in New York as signs emerged of a strong North American energy sector recovery. ... more ![]() ![]() Danish energy company Maersk Oil said it was cutting staff from one of its offices as part of the broader reorganization started last year. ... more |
Previous Issues | Jan 09 | Jan 07 | Jan 06 | Jan 05 | Jan 04 |
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![]() Results from a well in the Kurdish north of Iraq that was sidelined by lower crude oil prices are promising so far, Norwegian energy company DNO said. ... more ![]() ![]() The average tax on petrol in 157 nations fell 13 percent from 2003 to 2015, even as the world acknowledged the need to slash greenhouse gases from fossil fuels, researchers reported Monday. ... more ![]() ![]() A stronger U.S. dollar and last year's decline in the energy sector could be a "small shock" that weakens economic expansion, a Texas economist said. ... more ![]() ![]() The U.S. nominee for secretary of state and former Exxon Mobil CEO Rex Tillerson must address his close ties to Russia, a Senate Democrat said. ... more ![]() ![]() A federal survey of retail gasoline prices in the United States in 2016 found consumers paid the lowest average price at the pump last year in 12 years. ... more |
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![]() ![]() Weak start for oil prices after U.S. labor data ![]() ![]() A Norwegian energy group has until February to address issues at one of its offshore assets, including evacuation routes, a safety regulator said. ... more ![]() ![]() Escalating tensions between rival Libyan armed forces threaten to plunge the North African country deeper into turmoil only weeks after the fall of the Islamic State group's bastion Sirte. ... more |
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