Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Oil demand unaffected by coronavirus

Oil demand unaffected by coronavirus

The Russian authorities are trying to avoid panic about the coronavirus outbreak. They have even found some advantages, including changes in oil prices.Alexander Novak, Russia’s Minister of Energy, supposes that the coronavirus spread can hardly reduce demand for oil by more than 150-200 thousand barrels a day. According to the analytical data, the prediction can come true in 2020. Alexander Novak also noted that such a decline in oil demand was an average annual reduction that would not lead to any problems.Russia’s Minister of Energy believes that oil prices are shaped by various unexpected events, including conflicts in such countries as Libya, Iran, and Venezuela. He also emphasized that the oil market was highly volatile.Alexander Novak said that the oil market participants expected Libya to resume its oil shipments. He also reminded that Libya's oil outages had a significant impact on the market, including the imbalance between supply and demand. Russia’s Minister of Energy added that China was showing no signs of falling demand for the Russian oil and gas.  Moreover, all deliveries are performed in accordance with the companies' plans. The Russian authorities are looking forward to further cooperation in this area.    


See aslo