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2015-07-13 19:20:00

OPEC: LOWER DEMAND

OPEC: LOWER DEMAND

The Organization of the Petroleum Exporting Countries said Monday it revised down the demand for its crude this year, to a level far below its current output, despite higher estimates for global consumption.

In its closely watched monthly oil-market report, OPEC lowered its projection for 2015 by about 100,000 barrels a day, to 29.2 million a day. That is more than 2 million a day less than the group's 12 members pumped last month.

OPEC raised its forecast for oil demand growth in 2015 to 1.28 million barrels a day and projected that global oil consumption would grow at higher rate next year, led by growth in Organization for Economic Cooperation and Development countries.

The group, which pumps about a third of the world's crude, said its total production rose in June by 283,000 barrels a day compared with May, to 31.38 million barrels, driven mainly by higher output from Iraq, Nigeria and Saudi Arabia.

Saudi Arabia, the world's largest oil exporter, told the cartel it produced 10.564 million barrels a day last month, up from 10.333 million barrels a day in May.

wsj.com

More:

OIL CAN DOWN

SHORT-TERM OIL OUTLOOK

OPEC SHARE DOWN

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OPTIMISTIC OPEC: BELOW $100

 

Tags: OPEC, OIL

Chronicle:

OPEC: LOWER DEMAND
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

OPEC: LOWER DEMAND
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

OPEC: LOWER DEMAND
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

OPEC: LOWER DEMAND
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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