Corporation News

Member countries of the oil exporting countries have lost about 700 billion dollars because of falling oil prices, said in an interview the organization’s president Chakib Kelly, cited by the BBC.
(more…)

Futures of light crude oil with delivery in November closed at a level of 64.15 dollars for a barrel today in New York Exchange registered a fall of 3.69 dollars or 5.4 percent.

For the week “black gold” lost 11.1 percent of its value.
(more…)

After U.S. shares opened higher, optimism left the market and currently the main U.S. indexes are in negative territory.

After opening with over 2 percent growth at a level of 8 692 points, Dow Jones index fell by over 250 points and when compared with 1.19 percent. Last benchmark was 8 418 points.
(more…)

81 percent of Russian companies see global financial crisis a threat to their businesses and 9.5 percent believe the crisis will affect them in part, shows a survey last week research company Cornerstone, published by the newspaper “Vedomosti”. Only 9.5 percent of Russian businesses do not think the financial crisis will affect them.
(more…)

Officials of Russia and Venezuela reached an agreement to increase cooperation in oil and gas industry, announced AP.

Presidents of Russia and Venezuela Ugo Chaves and have Dmitry Medvedev attended the signing of deals between state energy companies.
(more…)

The price of crude oil registered a minimum increase over the past hours, as the latest hurricane forecasts Icke is drawn to Houston, Texas, where the largest processing facilities of America. Because of fears of possible damage the capacity to work in the United States has already reduced by 12 percent in anticipation of entering the following day’s natural storm in the region, transmit Bloomberg.
(more…)

The chairman of the U.S. Federal Reserve Ben Bernanke said the financial crisis in the U.S. and high inflation harm economy and put a serious test before the central bank in its attempts to restore stability in the market. This happened during the Bernanke speech before the heads of leading central banks in the world who have collected at its annual meeting in the United States.
(more…)

On the New York Stock Exchange on oil is more expensive, and contracts for the supply of oil for the month of September is concluded at a price for barrel petrol of 113.01 dollars. This price is lower by 1.44 of the price on Monday, and an absolute maximum stated on the New York Stock Exchange on 11 July this year was 34.26 dollars more than the price yesterday.
(more…)

France Press forwarded, that the exchanges in London and New York price of oil for the first time of three months has fallen below 120 dollars for a barrel.
(more…)

The price of oil pointed to another sharp rise during the last session exchange for the week. Reason for this became comments by Deputy Prime Minister of Israel, that with regard to Iranian nuclear program agenda “are open all possible actions”, transmit Bloomberg. For declarations of tension and help answer to the Iranian President Mahmoud Ahmadinejad that his country will “respond with force” to all foreign attempts to delay nuclear program.
(more…)