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2016-09-09 14:10:00

IRAN'S OIL PRODUCTION: 3.63 MBD

IRAN'S OIL PRODUCTION: 3.63 MBD

According to REUTERS, Iran has told OPEC it pumped 3.63 million barrels of oil per day (bpd) in August, up 10,000 bpd from July, an OPEC source said, marking a slowdown in the rapid growth that followed the lifting of Western sanctions in January.

Iran has been the main factor preventing an output deal between OPEC and non-OPEC Russia to boost prices, as Tehran has said it should be excluded before its production recovers. Renewed talks on an output pact are under way.

The Iranian production figure is due to be published on Monday in the Organization of Petroleum Exporting Countries' next monthly report. The report will also show the secondary sources OPEC uses to estimate its output also see Iran's August production at 3.63 million bpd, unchanged from July.

The latest OPEC figures suggest Iranian production has reached the level it pumped in late 2011, before the last round of sanctions were tightened leading to a drop in Iranian exports.

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Earlier: 

IRAN SUPPORTS PRICE $50 - $60 

IRANIAN POSITIVE SIGNALS 

IRAN MIGHT COOPERATE 

IRAN & INDONESIA AGREEMENT 

SAUDI - IRAN COMPETITION

 

Tags: IRAN, OIL, PRODUCTION, OPEC

Chronicle:

IRAN'S OIL PRODUCTION: 3.63 MBD
2018, January, 19, 12:15:00

S.KOREA'S DIVERSIFICATION

PLATTS - For full-year 2017, South Korea's crude imports from its biggest supplier Saudi Arabia fell 1.7% to 319.02 million barrels, compared with 324.45 million barrels in the previous year, customs data showed. On the contrary, South Korea has imported 1.77 million mt, or around 13 million barrels, of crude from the US in 2017, about four times higher than in 2016. Shipments from Russia grew to 140,000 b/d last year from 112,000 b/d in 2016.

IRAN'S OIL PRODUCTION: 3.63 MBD
2018, January, 19, 12:10:00

ADNOC'S 2030 STRATEGY

AOG - ADNOC’s 2030 strategy, he said, aims to capitalise on predicted global economic growth and demand for oil and petrochemical products, particularly in non-OECD countries. As its business responds to changing market dynamics, the company will continue to broaden its partnership base, strengthen its profitability, adapt to new realities and expand market access.

IRAN'S OIL PRODUCTION: 3.63 MBD
2018, January, 19, 12:05:00

TOSHIBA SELLS WESTINGHOUSE

WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

IRAN'S OIL PRODUCTION: 3.63 MBD
2018, January, 17, 23:50:00

OIL PRICES: NOT ABOVE $70 YET

REUTERS - Brent crude futures LCOc1 were at $69.23 a barrel at 0808 GMT, up 8 cents from their last close, but down from a high of $69.37 earlier in the day. Brent on Monday rose to $70.37 a barrel, its highest since December 2014, the start of a three-year oil price slump. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel, down from a high of $63.89 earlier, but up 11 cents from their last settlement. WTI hit $64.89 on Tuesday, also the highest since December 2014.

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