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 ...
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, ...
Regarding the supply side, the war and resulting sanctions on Russia will continue to be the main, if not the primary driver of oil prices, especially as the market awaits the impact of sanctions implemented on 5th February, Lombard Odier said. Russia has already announced a produc...
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 The Times of India, India has started promoting physical payments for trade with Russia. Starting from January 2024, India will pay some of the crude oil import fees to Russia using bananas. The Indian side is still in discussions with Russia to consider using physical goods, incl...
2. There may be broader impacts of sanctions against Russia’s import of technological goods While financial sanctions have an immediate impact, controls on tech products may have long-term consequences. Cloud, aviation and defense technologies and oil-refining machinery all require regular upg...
in order to enhance the targeting process, but also their ability to produce a sustained and slow release of the drug in the targeted site. However, SLN have advantages over other types of delivery systems in that they are easier to prepare, cheaper and much easier for scale up productions....
As the Soviet Union began developing oil and gas pipelines to Europe, European energy dependence on Russia became a particular concern in Washington. In the 1960s, Western Europeonly imported 6% of its oilfrom the Soviet bloc. But anew planned oil pipeline– running all the way from the Russi...
While Canada, Russia, America, and other producers can also increase supply, they cannot yet affect world prices nearly as much as OPEC. Types of Oil and Pricing One might assume there is only one type of oil, but that's far from the truth: There are 161 different types, each with its...
However, Saudi Arabia had increasingly denominated much of its oil transactions in USD in the ensuing decades. This changed in the early 2020s as the kingdom began negotiating oil sales in other currencies.25But this is six and one-half dozen of another: the Saudi riyal remains pegged to th...