VKG restarts production allowing Kohtla-Järve to renovate schoolsEconomy
- Eesti Energia plans petrol production from oil shale gas International device design tenders expectedEconomy
- Editorial: dagger at oil industry throatOpinionYesterday, we saw crude hitting record lows again, the Brent benchmark doing a below $52 plunge. Top to bottom, this makes for roughly half price oil. The impact reaches farther than Russia’s budget or employment at Norwegian rigs. While, broadly speaking, the cheaper fuels are a blessing for Estonian and European economies, Ida-Viru County oil industry and oil shale mining face prompt problems.
- Cheap oil serves wallet wellEconomy
- Tõnis Oja: times of falling fuel costsOpinionAs it happens, never in post-Soviet Estonia’s more than 20 years of market economy have we experienced a time of falling fuel prices. True, there have been some brief interludes, most prominently during the financial crisis when motor fuel retail prices dropped by 40 per cent in less than 6 months (oil price, at the same time, falling by more than 75 per cent). But this was short-lived, and in the very difficult economic circumstances of the time most people hardly even noticed the easing.