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2016-12-16 18:40:00

OPEC CUTS OIL

OPEC CUTS OIL

PLATTS - Japanese refiners have received notices of crude supply cuts from "some producers" for January loading, following OPEC's November 30 decision to cut production, Petroleum Association of Japan President Yasushi Kimura said Thursday.

"It is true that we have received notices from some producers about reducing crude loadings from January," Kimura told a press conference in Tokyo.

But Kimura added that Japanese refiners were not under immediate pressure to seek alternative crudes.

Kimura is also chairman of JX Holdings, the parent of largest Japanese refiner JX Nippon Oil & Energy.

OPEC on November 30 agreed to cut production by around 1.2 million b/d to 32.5 million b/d from January 1, 2017.

This was followed by a commitment from 11 non-OPEC producers on December 10 to cut production by a combined 558,000 b/d, also from January 1.

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Earlier:

OPEC: 

OPEC OIL RECORD: 33.86 MBD 

OPEC - RUSSIA DEAL 

OPEC PRODUCTION TARGET 32.5 MBD 

OPEC WILL CUT 1.2 MBD 

OPEC'S CAUTIOUS OPTIMISM

 

JAPAN: 

NOVATEK EXPECTS JAPAN 

JAPAN NEEDS MORE OIL 

THE LARGEST LNG IMPORTERS 

ASIAN LNG IMPORTS UP 

VIETNAM & JAPAN LNG

 

 

Tags: OPEC, OIL, PRODUCTION, JAPAN

Chronicle:

OPEC CUTS OIL
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

OPEC CUTS OIL
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

OPEC CUTS OIL
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

OPEC CUTS OIL
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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