Goldman Sachs altered the forwardlooking value of the shares of most companies analyzed the electricity sector of Russia at 10-60%, reported «Finmarket» referring to the review of Goldman Sachs, the press-service of OAO «IDC Center».
Reducing the level of oil production Organization of Petroleum Exporting Countries (OPEC) would be “prudent” not to “hurt” the world economy, faced with the threat of recession, transmits Agence France Presse words Kuwaiti Oil Minister Mohammad al-Oleymoila (Mohammad al-Olaimoil).
Exceptional 150 th session of the conference of OPEC will be held on Friday at the headquarters of OPEC in Vienna, oil ministers of 13 countries-members of the cartel will discuss the issue of quotas for the production of “black gold” in the light of the global financial crisis and a sharp drop in oil prices on world markets .
Prices of oil futures today, after it became known working solution meeting of OPEC oil ministers in Vienna, fell to the lowest value in 18 months.
For the first time since the end of March 2007. quotes Light Sweet fell to U.S. $ 63 / barrel. and quotes Brent spolzli the level of U.S. $ 61 / barrel. Meanwhile, the maximum from the beginning of the day drop in oil quotes exceeded 7%.
Since the beginning of the trading day the price of oil futures Light Sweet and Brent continued to decline. Oil brand Brent traded below $ 60 / barrel., Oil Light Sweet close to this level.
As of 12:10 Moscow time value of the Texas Light Sweet Crude Oil fell to 61 dollars 59 cents per barrel (-2.56) in the range of quotations 61,55-64,96.
We consider the routes of gas transportation through the territory of Slovenia and Greece, the project delegation OAO Gazprom “(GAZP), led by a member of the chief department of strategic development Vlado Rusakovoy working visit to the Republic of Slovenia and the Hellenic Republic.
Georgia stands ready to provide transit capacity for the supply of Russian electricity to Turkey «Georgian state power» confirms preliminary agreement to this effect and noted that Russia should be for 4 days to warn Georgia on the beginning of this transit.
Thailand plans to sign a barter deal with Iran for supply of rice in exchange for oil, said Minister of Trade of Thailand Chaya Sasomsaba (Chaiya Sasomsab).
“The costs in 2009 will be lower than in 2008″ - said the chairman of the board and CEO of GE Jeffrey R. Immelt. Some jobs would also be reduced.
Severance taxes on oil exports from Russia would drop to $ 304-309 S 1 December, 2008 marginal rate of export duty on oil to Russia could be as high as 304-309 dollars against the current rate of 372.2 dollars per tonne.
Russia and Belarus agreed to supply in 2009. Russian gas at 21.8 billion cubic meters. electricity and m of 5 billion kW / h, said Energy Minister of Belarus Alexander Ozerets.