Iran's oil minister says non-OPEC countries agree to cut oil production by 600,000 barrelsBusiness & Economy December 10, 19:42
Russia, Oman enter committee on controlling oil production created by OPEC - BloombergBusiness & Economy December 10, 17:40
Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
Bloomberg: Non-OPEC states agree to cut oil production by more than 600,000 barrelsBusiness & Economy December 10, 16:22
More than 20 states that produce more than half of world's oil take part in OPEC meetingBusiness & Economy December 10, 13:05
Russian energy minister Novak sees 'no risk' OPEC agreement failsBusiness & Economy December 10, 12:43
Defense ministry organizes mass escape for Aleppo civilians via humanitarian corridorsWorld December 10, 12:38
Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
MOSCOW, December 8. /TASS/. The cost of the futures contracts of Brent crude oil for January 2016 delivery on London's ICE trading went down by 2% to $39.99 per barrel as it breached the psychologically important mark of $40 per barrel for the first time since February 2009.
On Monday Brent crude oil extended slide by 5.6% dragging Russian stocks down after the decision was made by the Organization of the Petroleum Exporting Countries (OPEC) not to cut its production cap. According to an analyst at BCS Express brokerage Ivan Kopeikin, "market participants were disappointed by lack of any initiatives by the OPEC to restrain long-standing decrease of oil futures."
On December 4, oil ministers of the cartel made a decision to raise oil production quota by 1.5 mln barrels to 31.5 mln barrel per day.
OPEC ministers recognized that they will not follow established quotas and intend to keep the actual production level at the meeting in Vienna on December 4.
The euro rate climbs to 76.14 rubles during the trading session on the Moscow Exchange for the first time since September 15.
The dollar rate approached the 70 rubles mark and is currently traded at 69.87 rubles a dollar.