Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
Putin sends greeting to Border Guard on their professional holidayMilitary & Defense May 28, 10:57
Ukrianian court puts on hold lawsuit against ban on Russian social networksWorld May 28, 6:10
Russia’s Lasitskene wins high jump in Diamond League event in Eugene, USSport May 28, 4:59
Havana Airport gets Russian-made air traffic control systemsWorld May 28, 4:16
Guests of FIFA 2018 World Cup sure to get warm welcome in Russia — LavrovSport May 28, 2:25
Kantemir Balagov’s "Closeness" gets Cannes Festival’s International Critics’ PrizeSociety & Culture May 28, 1:03
Anti-church laws in Ukraine may cause religious strife — Ukrainian Orthodox ChurchWorld May 28, 0:22
WASHINGTON, January 15. / TASS /. Lower oil prices impair the economic prospects for a number of industrial regions in the United States , where oil and gas production is concentrated, this information was confirmed on January 14 after the release of the Federal Reserve System new ”Beige Book”.
The Beige Book is published 8 times a year, and what is more formally called the Summary of Commentary on Current Economic Conditions. The document focuses on assessing the status and prospects of economic development in the 12 US banking regions.
The Dallas district reported that Texas Energy companies predict a fall in demand for its products in the range of 15%-40%, thus the companies are planning potential lay-offs.
According to the report, a significant reduction in drilling activity, employment and capital expenditures is expected in the Kansas Region, where companies have been complaining about decreased financing options.
The Minneapolis District reported that oil and gas exploration projects in Montana and North Dakota have been cancelled.
However, overall, the FRS still draws on the notion that the reduction in price of energy will eventually be profitable for American consumers and the national economy .