Oil

A similar order to ban imports was already introduced in Kazakhstan in 2018

Energy company Equinor announced that by the beginning of May it will reach the production level of 470 thousand barrels per day

Bloomberg agency reports that it will be a powerful blow to the international market.

The Russian grade of Urals oil for supply to North-West Europe fell in absolute terms to $ 16.2 per barrel

OPEC+ Oil Reduction Agreement Expires April 1

Oil companies around the world began to reduce investment amid falling commodity prices below $ 30 per barrel

So the last time oil was so cheap was when the OPEC decision came into force

The agency also called $ 45-55 the fair price of oil

Oil market volatility persists and continues to affect currency markets

According to the newspaper, Russia redirected supplies to China

The country does not have enough storage space, so it is forced to reduce production.

This was reported by Reuters agency referring to traders.

Agency expert pointed out that Russian companies are better prepared for ultra-low quotes, but they will also have to revise the capital investment program

According to experts of the Moody's rating agency, the Russian economy is more resistant to external shocks than the economies of most other oil exporting countries

Oil companies will lose 126 million dollars per year, and the Russian budget will compensate them 85 million.