Oil

International Internet Magazine. Baltic States news & analytics Friday, 29.04.2016, 02:51

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SEB Lithuania: oil price to stay above US 40 a barrel in 2016

SEB Lithuania: oil price to stay above US 40 a barrel in 2016

28.04.2016

Analysts at SEB Bankas, Lithuania's largest commercial bank by assets, expect that a decline in the global oil supply will keep crude prices more stable this year and forecast that the average oil price in 2016 will stay above 40 US dollars per barrel, informs LETA/BNS.

Keyword tags: Economics, Energy, Lithuania, Oil, Transport



Austria's AMIC takes over Lukoil's filling stations in Lithuania

Austria's AMIC takes over Lukoil's filling stations in Lithuania

27.04.2016

Austria's AMIC Energy Management has taken over the chain of filling stations in Lithuania operated by the Russian oil concern Lukoil, informs LETA/BNS.

Alexela Oil lifts Q1 sales by 1%

Alexela Oil lifts Q1 sales by 1%

27.04.2016

Sales revenue of the Estonian fuel seller Alexela Oil in the first quarter of 2016 was 1% bigger than the year before, totaling 25 million euros, and the company's profit was 1 million euros, informs LETA/BNS.


Orlen Lietuva nets EUR 45 mln in Q1 revenue

Orlen Lietuva nets EUR 45 mln in Q1 revenue

21.04.2016

Polish-owned Lithuanian oil company Orlen Lietuva posted a net profit of 44.8 million euros (USD 51 mln) for the first three months of the year 2016, up 9% from 41.3 million euros (USD 47 mln) a year earlier, informs LETA/BNS.

Estonian Railways: Russian transit showing signs of improvement

Estonian Railways: Russian transit showing signs of improvement

20.04.2016

Rail transit traffic volumes from Russia on the tracks of Estonian Railways have increased somewhat in the past week, yet further growth requires significantly more serious and also broader dialogue with Moscow, Sulev Loo, CEO of Estonian Railways (Eesti Raudtee), says, cites LETA/BNS.

20.04.2016

Russian minister: reasons behind decline in transit with Estonia are economic

The reasons behind the reduction in rail transit traffic between Estonia and Russia are not political but economic, Russian Transport Minister Maksim Sokolov has said, cites LETA/BNS.

19.04.2016

QLS acquired OIL TRADING Estonia

QLS AS, the only authorized dealer and distributor of Chevron Corporation TEXACO Lubricants in the Baltic States acquired 100 percent of stock of lubricant oil provider OIL TRADING Estonia. The united company plans to strengthen export and restore sales to maritime industries.

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