’ After all, the Saudi strategy was for it and all other OPEC members to pump as much crude oil as possible to push oil prices as low as possible to cause as many bankruptcies as possible in the U.S. shale oil sector. The fact of the matter is that the Saudis did pump every...
The article analyzes the issue of oil sector development in the country as well as the resource base for oil production in Russia and the Republic of Tatarstan. Special attention is given to issues associated with increasing the oil recovery from formations. Fundamental measures are suggested for ...
According to a major Scandinavian petroleum authority, there's still plenty more oil to be found in the Barents Sea, a section of the Arctic Ocean set off the northern coasts of Norway and Russia. While new discoveries have lapsed over the past few years, the Norwegian Petroleum Directorat...
She moved from Russia many years ago and was surprised to see the abundance of food available(供应的丰富食物) in the supermarkets. And she found that people were buying more than they needed and throwing too much away. She advised some supermarkets to stop selling their food in bulk(批量) ...
“To conduct proper research on Russia it’s important to visit every city and interview at least 100 people in each one of them. And what I’d like everyone to understand is that even if we do throw away less food in Russia, it’s still SO much,” Balakhontseva explains. ...
High energy prices permitted Russia to grow its budget revenue — half of which comes from oil and gas — by 34 per cent year on year from January to April and helped the rouble recover from its precipitous fall against the dollar.
As of 2024, the United States is the world's largest net producer of crude oil, followed by Saudi Arabia, Russia, Canada, and China. When it comes to natural gas production, the top five countries include the United States, Russia, Iran, China, andCanada.78 ...
The U.S. economy can take a lot of hits and keep on going because so many sectors contribute to it without any single dominant sector. The same can’t be said about some other oil-producing nations like Russia or Venezuela whose fortunes rise and sink with the price of oil.In short, ...
OPEC's oil exports represent about 60% of the total petroleum traded internationally. OPEC (especially Saudi Arabia) has the upper hand in determining the direction of oil prices, but Russia has also become a key player. Non-OPEC countries also influence global oil prizes as they produce the ...
Since the OPEC nations produce so much of the world's oil supply, they can manipulate the price per barrel depending on how manybarrels per daythe group will sell on the world oil market. If the group wants the price to rise in order to make more money, they can reduce the amount of...