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Showing posts with label prices. Show all posts
Showing posts with label prices. Show all posts

Thursday, 27 November 2014

Oil prices sink as OPEC rejects output cut

Oil prices sunk to fresh four-year lows on Thursday, with New York crude plunging below $70 a barrel, after OPEC decided against cutting output despite a huge oversupply in world markets.
At about 16:10 GMT, West Texas Intermediate for January delivery struck $69.11 per barrel -- last seen on May 25, 2010. Brent North Sea crude for January hit $72.74, a level last witnessed on July 7, 2010.
Asked whether the oil OPEC had decided not to reduce production, Saudi Arabian Oil Minister Ali al-Naimi told reporters in Vienna: “That is right.”

Wednesday, 6 August 2014

Russia promises "quite substantial" U.S., EU food import bans

MOSCOW - Russia will impose "quite substantial" bans on the U.S. and EU food imports and has already decided to suspend U.S. poultry imports as part of President Vladimir Putin's order to prepare a list of food import bans, its veterinary service said.
Putin signed a decree on Wednesday banning or limiting imports of agricultural products from countries which have imposed sanctions on Russia because of its support of rebels in Ukraine.
Putin ordered his government to come up with a list of goods to be banned for imports into Russia and to last one year, the Kremlin said.

Saturday, 21 June 2014

Pétrole: Téhéran prêt à compenser la baisse de la production en Irak

Téhéran est prêt à compenser la baisse de la production pétrolière en Irak due à l'aggravation de la situation dans ce pays, rapporte samedi l'agence IRNA, citant le ministre iranien du pétrole Bijan Namdar-Zangheneh.

D'après le ministre, suite aux opérations armées lancées par le groupe djihadiste Etat islamique en Irak et au Levant (EIIL), les prix du pétrole ont augmenté de 5%. Selon des informations publiées la semaine dernière, les islamistes ont attaqué une grande raffinerie de pétrole dans la ville de Baïdji (nord de l'Irak). Ils ont pénétré sur le territoire de l'entreprise et détruit plusieurs réservoirs de pétrole. 

Tuesday, 17 December 2013

Russia temporarily cuts gas price by one third to help Ukraine

Russia will provide gas to Ukraine at a price of $ 268.5 dollars per thousand cubic meters which is lower by one third of the previous price which was $ 400 per thousand cubic meters, said Russian President Vladimir Putin on Tuesday after a meeting of the Russian- Ukrainian Interstate Commission.

The agreement was signed between Russia’s "Gazprom" and "Natftogaz Ukraine" in the presence of President Putin and President of Ukraine Viktor Yanukovych.

Sunday, 20 October 2013

Ukraine’s unused gas in 2013 may cause fines of almost ten billion dollars.

MOSCOW, October 20 (Itar-Tass) - Ukraine’s incomplete receipt of gas in 2013 may cause fines of almost ten billion dollars, the National Energy Security Foundation said, analysing the current situation in Ukraine’s gas market.
The Foundation’s Director General Alexei Grivach says “Naftogaz once again breaches the “take and pay” term and will receive from Gazprom a new invoice in early 2013.”
“We doubt, within the year Naftogaz will be able to buy from Gazprom over 17-18 billion cubic metres. While it is obliged to buy 41.6 billion. As the average contracted price is 410 dollars per one thousand cubic metres, the unused amount will cost close to ten billion dollars.”

Besides, the Foundation says the claims about high prices for gas, referring t gas on reverse gas from Europe, are not quite correct.

Thursday, 6 June 2013

UN Food and Agriculture Org. warns of food prices rise over next decade

Video cctv

The UN’s Food and Agriculture Organisation has warned food prices across the globe are set to rise by as much as 40 per cent over the next decade. Rising costs in farm production, and less available land are mostly to blame. But as Ray Kuka reports, new technologies and stronger relationships in global trade should solve any potential food shortage.
Farms like this are becoming more and more precious.
As developing countries become more wealthy, demand for food is growing.
The UN’s Food and Agriculture Organisation says the world is facing a situation where demand outgrows production.
Kenneth Ash, OECD Director of Trade and Agriculture, said, "It’s not about being optimistic or pessimistic, the key message is the markets have fundamentally changed."
Rising production costs, less available farmland, and environmental factors are mostly to blame.

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