Middle distillates can be found in almost any kind of oil, but the best supply is in very heavy oil. Examples of providers of such heavy oil are Russia (Urals), Canada (oil sands), and Venezuela (oil sands in Orinoco belt). The price for such heavy oil tends to lag behind the price...
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 ...
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...
Russia’s GDP is $1.66 trillion, which ranks it as #11 worldwide. Its economy is driven mostly by exports of commodities. Rises in oil prices will support growth as it is a fundamental aspect of Russia’s economy. The Central Bank of Russia has stated that if oil prices fall below $40...
“[Natural gas] is like oil in that it’s now a global commodity via LNG and has a much higher geopolitical significance because of the events of the past year. It is also now arguably a higher value product than oil,” said Glenn Rickson, S&P Global Commodity Insights head of Europea...
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...
The impact of Russia–Ukraine war on crude oil prices: an EMC framework Article Open access 02 January 2024 Assessing the extent and persistence of major crisis events in the crude oil market and economy: evidence from the past 30 years Article Open access 12 July 2024 Quantifying nonline...
CBSN's Jeff Glor talks to Anthony Mason about the dropping oil prices, including its particular big impact on Russia's market.
Russia also receives less economic benefit from lower pump prices than the U.S. does, because Russians consume much less oil and gas than Americans.1213In 2021, with crude oil prices hitting seven-year highs, Russia reaped a windfall. Budget revenue increased 35% from 2020, while its current...
How Much Does the U.S. Import From China? In 2024, the U.S. imported $438.9 billion in goods from China, according to official government figures.17 How Do Tariffs Affect the Economy? Most economists agree that protective tariffs have anet negative effecton an economy because they make good...