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Mexico started to sell their oil at the cheapest prices

Mexico sells their oil for practically nothing. As announced on its website the oil company Pemex, the Mexican average cost of raw materials fell at the auction to $ 13 per barrel. Drop the price below the level of 2000-ies occurs on the background of reducing oil demand caused by …

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The world will drown from the excess of oil in three months

Oil production in the world, you must stop immediately to avoid a collapse in the market demand and supply, be sure the consulting company IHS, Markit. According to sources Bloomberg, three months of oil-producing countries to literally “drown” due to lack of Neftechala and the first will be Russia. It …

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The end of the Russian economy. Close

Read the decrees, decisions and orders, and pass to a sad conclusion: it is not power, what in Russia. A gathering of some priblatnennoy punks, bad understanding of how to save the country was in a critical situation. To prehispanic windfall from oil and gas they can steal learned more …

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Vaccine against oil wars

After the Russian delegation on March 6 at the OPEC meeting in Vienna, signed an agreement to reduce oil production by national companies and on the limitation of supply on the world market, came out of the deal OPEC+, the price of black gold began to plummet. Essentially started a …

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In debt as in silks: Ukraine goes to default

The international monetary Fund (IMF) announced that Ukraine faces default. In terms of folding business and non-obvious prospects for further lending from the international institutions to all the entities of economy of Ukraine for 2020 are required to pay a $ 17 billion foreign debt. At the same time coronavirus …

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Saudi-American oil Alliance can be dangerous

Analysts believe that a possible oil Alliance between the United States and Saudi Arabia can be a dangerous thing. But it is only in the case that the statements of us President Donald trump is not just hot air. Currently, according to the newspaper The Wall Street Journal, officials from …

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