Date: 2 months ago   Category: Energy

The expert told about growth of discontent in Russia with the transaction of OPEC — Rambler News Service


The number dissatisfied with the transaction of OPEC on reduction of oil production because of growth of production in the USA grows in Russia. About it the CEO of National Energy Security Fund Konstantin Simonov in a column for Forbes wrote. "Recently the camp of sceptics obviously gains strength. They consider that strategically participation of Russia in OPEC and following to self-restrictions — a way to the deadlock. While Russians and Saudis hold production and even reduce, Americans do everything on the contrary" — Simonov writes. The expert specified that average daily production in the USA following the results of last year grew by 2.1 million barrels a day that made nearly 20% of the Russian production, at the same time Americans are not going to be satisfied with what has already been achieved. Also infrastructure limits for import of the American oil are at the same time lifted. "Prices of oil, sceptics consider, all the same will go because of growth of the American production or other factors down: for example, solutions of financial U.S. authorities on a key interest rate or on use of mechanisms of quantitative easing. Russia will only waste time and will miss profit, a part of consumers can be reoriented on other grades of oil" — Simonov noted. According to him, initially with the transaction of OPEC only Rosneft was dissatisfied, but later Gazprom Neft joined it. Also the Ministries of Economic Development and representatives of business who believe that it is necessary to earn not only on the high price of oil, but also on the outputs joined the camp of opponents of the transaction. "Taking into account a share of energy industry and the related economic complexes production reduction directly beats indicators of GDP and especially industrial production. On the contrary, maximizing oil production would pull for itself growth of industrial production and employment. It is necessary for mechanicians, pipe manufacturers and other suppliers of the oil industry" — Simonov explained. On December 5-7, 2018 in Vienna there took place negotiations of the countries of OPEC and the states which are not entering into cartel participating in the agreement on reduction of level of production of oil. Following the results of negotiations of the country of OPEC reached the agreement on reduction of level of production of oil since January 1, 2019 on 1.2 million barrels a day to the level of October, 2018. At the same time the countries of OPEC will reduce oil production within the transaction by 800 thousand barrels the day which is not entering into cartel of the country — in total on 400 thousand barrels a day. Russia will reduce oil production by 228 thousand barrels a day. On May 2 the current year the Minister of Energy of the Russian Federation Alexander Novak reported that following the results of April Russia reduced oil production on average by 197 thousand barrels a day to an indicator of October, 2018.

URL:

Protection of the former co-owner of the Anti-Pinsk oil refinery Dmitry Mazurov submitted the appeal on the decision of Tverskoy district court of Moscow which made the decision on Mazurov's arrest for the term of one month and 30 days earlier. The press secretary of court Svetlana Skachkova reported about it. According to her, consideration of the...


The State Duma adopted in the first reading amendments to the Tax Code of the Russian Federation about correction of "the damping mechanism" within tax maneuver in the oil industry which are directed to stabilization of the prices of fuel in Russia, it is said in the statement of the lower house of parliament. "The purpose of adjustments is additio...


More than a half of the Russians interviewed by the analytical agency "Avtostat" characterized "the dream car" as the car which brings comfort and pleasure, follows from results of poll. "As it became clear, 63% of respondents consider that "the dream car" is a comfort and pleasure. About a half (47.7%) of respondents perceive it as the car for tra...


The government of Ukraine introduced the special duties for import of diesel fuel and liquefied gas from Russia, the representative of the president of Ukraine Vladimir Zelensky in the government of the country Andrey Gerus reported. "The cabinet adopted the resolution which introduced the special duty for import from the Russian Federation of dies...


Photo: globallookpress.com/Britta Pedersen Roskomnadzor fined the Google company 700 thousand rubles for non-compliance with the Russian legislation, reported in the press service of the regulator. "The management of Roskomnadzor across Central Federal District within the powers considered in essence case of administrative offense concerning the Go...


The president of Ukraine Vladimir Zelensky addressed in English to foreign investors and guaranteed to them that after recent change of the power the investment climate in the country will change. Record of the video message is published on the page of the president in Facebook. "I address foreign businessmen who look for new platforms for investme...