The price for Brent crude oil fell on Tuesday. According to the trades at 1:25 pm, the barrel of Brent lost about 1.62%, and traded at the level of $46.15 per barrel.
According to Reuters, citing 4 different sources, Belarusian company Beloil signed a contract on the purchase of 80,000 tons of oil from the National Iranian Oil Company (NIOC).
President of Belarus Alexander Lukashenko at a meeting with Deputy Prime Minister Vladimir Semashko said that reduced oil supplies from Russia should be replaced by alternative sources.
A new oil field called “Ugholskoye” was found in Belarus. According to Interfax, the deposit is classified as hardly accessible deep reserve.
In 30 countries renewable energy has become much cheaper that oil and gas.
According to a press release, issued by Glencore, the company will acquire only 0.54% of indirect equity interest of the Russian oil company.
According to the Joint Organization Data Initiative (JODI), in September Saudi Arabia increased production and export of oil comparing to the previous month.
As follows from the report, published on the website of the U.S. Geological Survey (USGS), the largest unused oil and gas fields in the United States history were discovered in the state of Texas.
According to Japanese agency Kyodonews, Vietnamese authorities decided not to build nuclear power plants of Russian design.
As follows from a report of the current state of the oil market, OPEC countries increased oil production in October, setting a new historical record of 33.643 million barrels a day.