Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-12-16 19:55:00

RUSSIA SEES BALANCE

РОССИЯ ВИДИТ БАЛАНС

The global oil market could return to a balance between supply and demand by the end of next year, as long as producers do not raise output from current levels, Russia said on Tuesday.

Global oil prices have fallen below $40 per barrel for the first time since late 2008 after the Organization of the Petroleum Exporting Countries (OPEC) failed to agree on a production ceiling earlier this month.

Russia is rivalling Saudi Arabia as the world's top oil producer and has consistently refused to cut production or cooperate with OPEC, effectively adding to the global oversupply by pumping crude at post-Soviet era highs.

"First of all, our policy calls for maintaining production at 525-530 million tonnes (a year), according to our energy strategy," Novak told Rossiya-1 TV station, giving output figures equivalent to 10.5-10.6 million barrels per day (bpd).

In November, Russia pumped oil at a post-Soviet high of 10.78 million bpd and declined to send a delegation to the OPEC meeting on Dec. 4.

"We think that if all countries now working in the market have a policy of not increasing production but maintaining volumes, then demand and supply may already be balanced by the end of 2016," Novak said.

Russian officials have said in the past that low oil prices should squeeze out high-cost production such as U.S. shale oil, effectively reducing the level of global oversupply.

The Russian central bank is preparing a risk scenario with oil prices at $35 per barrel for the next three years. Under this scenario the economy would shrink by 2-3 percent in 2016.

Some banks, such as Goldman Sachs, predict oil prices could fall as low as $20 per barrel as the world produces more oil than it consumes and runs out of room to store the excess.

OPEC Secretary-General Abdullah al-Badri said on Tuesday that crude oil prices will not continue at multi-year lows and could swing upwards in as little as a year.

Novak, who repeated on Tuesday that Russia cannot manually regulate production due to specific weather conditions, said he saw global oil prices at about $50 per barrel in 2016.

reuters.com

-----

More: 

RUSSIA: NO RISE & CUT  

РОССИЯ И КИТАЙ: НА 15% БОЛЬШЕ  

RUSSIA & SAUDI COOPERATION  

RUSSIA & IRAN: STRATEGIC PARTNERS  

РЫНОК НАЙДЕТ БАЛАНС  

ДИСБАЛАНС МЕНЬШЕ  

RUSSIAN - JAPANESE BRIDGE

 

 

Tags: RUSSIA, OPEC, OIL, PRICES

Chronicle:

РОССИЯ ВИДИТ БАЛАНС
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

РОССИЯ ВИДИТ БАЛАНС
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

РОССИЯ ВИДИТ БАЛАНС
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

РОССИЯ ВИДИТ БАЛАНС
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

All Publications »