Oil Sector News

Oil prices rise to March level: Brent is trading above $48 per barrel

Investors remain optimistic about the demand outlook due to news of the development of coronavirus vaccines.

US may cede leadership in oil refining to China

China is currently building four refineries with a combined capacity of 1.2 million barrels per day. This is equivalent to the current refining capacity throughout the UK.

The UAE plans to produce up to 5 million barrels of oil per day by 2030

On Sunday, the UAE announced the discovery of new oil fields in the emirate of Abu Dhabi.

Brent crude is trading above $46 per barrel

Oil continues to rise in price due to optimism regarding energy demand due to the success of several pharmaceutical companies in the development of vaccines against COVID-19.

Ukrnafta paid UAH 870 million in taxes in October

The largest receipts from the rent paid by Ukrnafta were received by the budgets of Sumy, Ivano-Frankivsk and Poltava regions.

New oil fields discovered in the UAE

According to preliminary estimates, we are talking about a basin with a volume of 22 billion barrels.

Oil Sector Analytics

Oil prices in March-July 2020: record highs

The situation with oil prices has not demonstrated stability over the past 4 months.

Energy consumption in Ukraine in March

Diesel and liquefied gas continue to grow, but the growth rate has slowed.

Oil price dynamics amid a price war between OPEC and Russia

Over the past week, world oil quotations have experienced serious volatility.

LPG consumption accelerates

The State Statistics Service recorded an increase in LPG consumption by 24.7%.in November.