According to Forbes oil prices on the stock exchange in New York fuels are the lowest since March 2009. A barrel of West Texas Intermediate crude oil, supply in April, on the New York Stock Exchange NYMEX fuels, is valued now, after 44.35 USD. Fall in global markets are other types of oil, among others, Brent and Ural.
Big manko in the Russian budget
– The average price of $ 55 per barrel Russia will receive approx. 135 billion less in 2015 than in 2014, which is equivalent to 10 per cent. of its GDP. The country is facing great challenges due to sanctions, devaluation of the ruble and a decline in oil prices – OPEC believes. – Each fall in oil prices on the one dollar a shortfall 3 billion in annual exports of Russia – reminiscent of OPEC, of which Russia is not a member.
Oil prices continue falling
In their calculations OPEC relied on the annual average oil price per barrel in 2014 of $ 100, compared with approx. 55 dollars in February this year . Russia’s losses may be even more so. The organization reminds
decline this year Russian oil production of 10.58 million barrels per day in 2014 to 10.51 million barrels today. Draws the attention to the “impact of sanctions, low prices and a lack of major projects to be implemented in the oil industry.” In November last year. OPEC year, realizing a third of the world’s oil, has refused to cut production, which, within seven months fell by 60 percent.
Big manko in the Russian budget
– The average price of $ 55 per barrel Russia will receive approx. 135 billion less in 2015 than in 2014, which is equivalent to 10 per cent. of its GDP. The country is facing great challenges due to sanctions, devaluation of the ruble and a decline in oil prices – OPEC believes. – Each fall in oil prices on the one dollar a shortfall 3 billion in annual exports of Russia – reminiscent of OPEC, of which Russia is not a member.
Oil prices continue falling
In their calculations OPEC relied on the annual average oil price per barrel in 2014 of $ 100, compared with approx. 55 dollars in February this year . Russia’s losses may be even more so. The organization reminds
decline this year Russian oil production of 10.58 million barrels per day in 2014 to 10.51 million barrels today. Draws the attention to the “impact of sanctions, low prices and a lack of major projects to be implemented in the oil industry.” In November last year. OPEC year, realizing a third of the world’s oil, has refused to cut production, which, within seven months fell by 60 percent.
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