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All publications by tag «OPEC»

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2020, February, 7, 11:05:00
OPEC+ : 600 TBD
The Russian delay is sure to frustrate OPEC kingpin Saudi Arabia, which had called for the collective to immediately implement deeper cuts of 500,000 b/d or more amid the sell-off in crude prices.
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2020, February, 5, 11:20:00
RUSSIA, SAUDI ARABIA READINESS
Russian President Vladimir Putin and Saudi King Salman bin Abdulaziz "thoroughly discussed" the current oil market conditions as prices have fallen by more than 20% in the past three weeks amid global oil demand concerns, a Kremlin statement said late Monday.
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2020, January, 20, 12:05:00
OPEC'S OIL PRODUCTION DOWN 2 MBD
Recent statistics issued by the Organisation of the Petroleum Exporting Countries, OPEC, highlighted a decrease in its production by 6.3 percent or some 2 million barrels per day in 2019, compared to 2018.
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2019, December, 9, 13:30:00
OPEC+ OIL PRODUCTION DOWN 1.7 MBD
The 7th OPEC and non-OPEC Ministerial Meeting, hereby decided for an additional adjustment of 500 tb/d to the adjustment levels as agreed at the 175th Meeting of the OPEC Conference and 5th OPEC and non-OPEC Ministerial Meeting. These would lead to total adjustments of 1.7 mb/d. In addition, several participating countries, mainly Saudi Arabia, will continue their additional voluntary contributions, leading to adjustments of more than 2.1 mb.
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2019, December, 2, 14:00:00
RUSSIA'S OIL PRODUCTION 11.244 MBD
Russia agreed to reduce its output by 228,000 bpd to about 11.18 million bpd in 2019 as part of cuts by the group of producers, known as OPEC+, which agreed to cut their combined output by 1.2 million bpd or 1.2% of global demand.
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2019, November, 20, 11:35:00
UAE COMMITTED TO OPEC+
Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, has re-affirmed the UAE's commitment to voluntary production adjustments under the agreement of the Organisation of Petroleum Exporting Countries and non-OPEC producers in support of the stability of the global oil market.
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2019, November, 6, 13:00:00
OPEC'S SHARE WILL DOWN
OPEC’s production of crude oil and other liquids is expected to decline to 32.8 million barrels per day (bpd) by 2024,
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2019, October, 4, 10:40:00
OPEC, GECF COOPERATION
HE Mohammad Sanusi Barkindo, Secretary General of OPEC, and his GECF counterpart, HE Yury Sentyurin, signed the MoU in Moscow on the sidelines of Russian Energy Week.
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2019, October, 4, 10:35:00
OPEC+: PREDICTABILITY, RELIABILITY
“What matters is supply predictability and reliability. We have a business-like approach with our energy partners in Europe and the rest of the world, of a commercial nature with no political reasoning,” Putin added.
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2019, October, 2, 11:35:00
ECUADOR LEAVES OPEC
The country produced 530,000 b/d of oil in August, down from 540,000 b/d in July. Ecuador's output quota was set at 508,000 b/d under a 1.2 million b/d supply cut agreement, which went into force January 1 and runs through March 2020. Ecuador reported August production of 550,000 to OPEC.