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Top related persons:
Alexander Manzyuk - 1 Vladimir Putin - 1 Alexei Kokin - 1 Ronald Smith - 1 Vladimir Soldatkin - 1 Guy Faulconbridge - 1 Jason Neely - 1
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REUTERS - 1 Energy - 1 OPEC - 1 Organization of - 1 Petroleum - 1 BCS - 1 Investments - 1 Brent - 1

Search resuls for: "Alexei Kokin"


2 mentions found


☆ Russia basks in the oil price comfort zone ahead of OPEC+
  + stars: | 2023-11-21 | by ( Vladimir Soldatkin Olesya Astakhova | Vladimir Soldatkin | Olesya Astakhova | ) www.reuters.com   time to read: +5 min
Ministers from OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, meet on Sunday in Vienna. Robust global oil prices this year and Moscow's growing use of a shadow tanker fleet have meant that much Russian oil has traded mostly above the Western oil cap price. Moscow-based independent oil analyst Alexei Kokin said the oil prices declined from "very comfortable" levels to "just comfortable" levels. Russia has budgeted the price of Urals, its flagship oil grade, at 4,788 roubles ($53.36) per barrel this year. However, the share of energy sales in the federal budget proceeds - which used to exceed 50% of total budget revenue - has drastically declined.
Persons: Alexander Manzyuk, Vladimir Putin, Alexei Kokin, Ronald Smith, Vladimir Soldatkin, Guy Faulconbridge, Jason Neely Organizations: REUTERS, Energy, OPEC, Organization of, Petroleum, BCS, Investments, Brent, Thomson Locations: Republic of Tatarstan, Russia, MOSCOW, Vienna, OPEC, U.S, China, Saudi Arabia, United States, Moscow
☆ Analysis: Russian oil revenues could weather EU ban, G7 price cap
  + stars: | 2022-12-02 | by ( Olesya Astakhova | ) www.reuters.com   time to read: +7 min
Looking ahead to 2023, one of the main variables will be the ceiling G7 countries and the EU agree on importing Russian oil. Some of the biggest importers of Russian oil, including China and India, are not part of the initiative. The more Russian oil that is lost to world markets, the greater the likely impact on prices. "If the price cap is around $60 per barrel, Russia will continue to export its oil comfortably." Beyond the price cap and European import ban, Russia's oil sector may also be affected by COVID-19 restrictions in China, an increasingly important buyer of its crude.
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