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All publications by tag «OPEC»

All publications by tag
2016, June, 23, 18:15:00

SAUDI'S OIL POLICIES

"The Kingdom's oil policies are rooted in responsibility, and Saudi Arabia is seeking to maintain that balance while also giving heed to moderate prices for producers and consumers,"

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2016, June, 23, 18:10:00

OPEC REVENUES DOWN 46%

With income falling, the 13 members of the Organization of the Petroleum Exporting Countries (OPEC) posted a combined current account deficit of $99.60 billion in 2015, compared with a surplus of $238.10 billion in 2014.

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2016, June, 22, 18:00:00

REPSOL VS SINOPEC: $5.5 BLN

The claim relates to a U.K. joint venture between the Chinese and a Canadian firm which the Spanish oil producer acquired last year.

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2016, June, 19, 17:15:00

SUSTAINABLE RUSSIAN OIL

Russia’s oil industry is “very resilient,” BP Plc CEO Bob Dudley said in St. Petersburg on Thursday. The nation’s resources are competitively priced and floating the currency has been helpful for costs, he said while announcing a new exploration joint-venture with Rosneft.

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2016, June, 14, 18:20:00

CHINA'S OIL PRODUCTION DOWN

PetroChina Co., the nation’s biggest producer, said in March it expects oil and gas output to fall the first time in 17 years as it shuts fields that have “no hope” of turning a profit, while Cnooc Ltd. sees output slipping as much as 5.2 percent this year.

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2016, June, 6, 19:00:00

PRICE HAVE TO BE ABOVE $50

Prices need to be at level above $50 a barrel for more crude supplies to come back to the market following a slump over the past two years, Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources, told reporters in his suite in a Vienna hotel.

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2016, June, 6, 18:55:00

OPEC WANT TO REGAIN

"The fact that OPEC agreed on its new management shows they want to regain their coordinating role. The cartel will perform market management again," Alekperov, chief executive of Russian energy firm Lukoil, said after meeting Falih and Iranian Oil Minister Bijan Zanganeh separately in Vienna.

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2016, June, 3, 19:35:00

OPEC HAS NO MEANING - 2

“We will be very gentle in our approach, so we don’t shock the market in any way,” Saudi Arabia’s new oil minister, Khalid Al-Falih, said before he sat down with his counterparts in Vienna on Thursday. “We are satisfied with the price movement over the last few months and think it will continue to gently edge up without much intervention, assuming that more or less OPEC production stays where it is.”

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2016, June, 3, 19:30:00

OPEC HAS NO MEANING

“We will be very gentle in our approach, so we don’t shock the market in any way,” Saudi Arabia’s new oil minister, Khalid Al-Falih, said before he sat down with his counterparts in Vienna on Thursday. “We are satisfied with the price movement over the last few months and think it will continue to gently edge up without much intervention, assuming that more or less OPEC production stays where it is.”

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2016, May, 30, 18:25:00

SAUDI'S STRATEGY: TO KILL OPEC

Saudi Arabia has been fighting with fellow OPEC members since the oil rout started two years ago. For the first time next week, it can argue convincingly that its strategy of squeezing rival producers is succeeding.

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OIL (928)
GAS (715)
RUSSIA (454)
GAZPROM (201)
ROSNEFT (165)
U.S. (163)
CHINA (155)
PRICES (116)
LNG (106)
OPEC (103)