By hellenicshippingnews The current oil export tariff stands at $52 per tonne of oil. Export duty rates for oil from Eastern Siberian, Caspian and the Arctic Prirazlomnoye oilfields was set at zero in February 2015. These zero-rate export duties will stay in place if the average oil price does not exceed $65 per tonne. Oil […]
Oil price As per the blog yesterday the oil market came to its senses somewhat and got back to fundamentals. So poor Chinese data increased activity from Iran and doubts about a nonOpec meeting ta Read full story › Source:: Oil Voice
By hellenicshippingnews The prices of crude oil are most likely to stay at relatively low levels in the near future as there are no signs of major producers taking actions to ease a severe oil glut yet. Nevertheless, some energy officials and analysts said that they expect the oil glut to gradually rebalance itself into […]
Saudi Arabias reluctance to cut production to maintain its share of the global crude market has paid off. By not blinking first the Kingdom has succeeded in driving rigs out of the US shale market Read full story › Source:: Oil Voice
