All publications by tag «OPEC»
2020, June, 18, 11:20:00
WORLD OIL DEMAND WILL FALL BY 9 MBD
World oil demand is projected to decrease by 9.1 mb/d in 2020, unchanged from the previous month’s assessment. The COVID-19 pandemic has negatively affected global economic activities, eliminating global oil demand growth potential and leading to a y-o-y decline of 6.4 mb/d in 1Q20 and by 17.3 mb/d y-o-y in 2Q20.
2020, June, 11, 10:05:00
NIGERIA AGREES TO OPEC+
"Our oversupply was a little less than 100,000 b/d against the agreed numbers, and so that is not really that significant," Kyari said.
2020, June, 9, 17:25:00
IRAQ IS COMMITTED OPEC+
Iraq will stick to its quota in June and July and will make further reductions later on
2020, June, 8, 13:40:00
OPEC+ EXTENDING ADJUSTMENTS
OPEC+ agreed the option of extending the first phase of the production adjustments pertaining in May and June by one further month.
2020, June, 5, 12:40:00
OPEC+ MEETING: JUNE 6
A delegate-level OPEC+ technical committee, co-chaired by Saudi Arabia and Russia, is scheduled to meet June 5 to discuss market conditions and review compliance.
2020, June, 2, 15:10:00
RESTORING OIL DEMAND
"The presidents addressed world oil market developments in the context of implementing the OPEC+ agreement," the Kremlin said. "It was stated that this multilateral agreement, reached with the active support of the presidents of Russia and the United States, would lead to a gradual restoration of oil demand and price stabilisation."
2020, April, 30, 15:15:00
OPEC+ RUSSIA CHANGES
Russia is advocating a shift in the OPEC+ strategy once global crude oil recovers
2020, April, 17, 14:50:00
OPEC+: NECESSARY MEASURES
Saudi Arabia and Russia are strongly committed to implement the agreed target cuts over the next two years
2020, April, 15, 14:00:00
OPEC+ STABILIZE OIL MARKET
The deal calls on OPEC, Russia and nine other allies to cut 9.7 million b/d of crude production in May and June, ramping down to 7.7 million b/d for the second half of 2020, and then 5.8 million b/d for all of 2021 through April 2022.
2020, April, 13, 11:50:00
OPEC+ OIL CUTTING 12.5 MBD
effective oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5 million barrels per day