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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.

-----

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
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CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

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OPEC CUTS OIL
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

OPEC CUTS OIL
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

OPEC CUTS OIL
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

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