Sibneft creates real-time market for oil deals

Article Abstract:

OAO Sibneft is introducing Neftebid.com, Russia's first Internet oil-trading platform this week, an action that the company says will increase the speed of deal-making, cut transaction expenses and lead to a more transparent market.

Strategy & planning, On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Services introduction, Planning, Services, Online services, Internet services, Energy industries, Energy industry, OAO Sibneft

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Russian oil cutoff rouses Europe's doubt

Article Abstract:

Russia has suspended crude oil exports to Europe over a subsidy dispute. While Europe has enough crude oil stocks to weather the disruption, the cutoff raises concerns about Europe's reliance on Russian oil, and on Russia's reliability as an energy supplier.

Europe, Market information - general, International economic relations, Exports, Supply and demand, Trade policy

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Fueled by oil money, Russian economy soars: an investment boom transforms industries; Bor's barter days over

Article Abstract:

The high price of crude petroleum has helped to improve Russia's economy, and this economic revival has increased President Vladimir Putin's popularity. Once-struggling companies like Bor Glassworks are now experiencing a turnaround, with sales more than doubled in the past 10 years.

Sales, profits & dividends, Forecasts, trends, outlooks, Commodity & service prices, Engineering Services, Public affairs, Securities issued, listed, Flat glass, Engineering for Glass & Ceramic Plants, Economic aspects, Prices and rates, Political activity, Glass industry, Putin, Vladimir, Securities, Company sales and earnings, Company earnings/profit, Public opinion, Company securities, Company pricing policy, Company business forecast/projection, Company forecasts, BOR Glassworks

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