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

Hello. This site is free. You can make a donation and support the development of this site. Thank you.

2017-10-11 12:40:00

INDIA - OPEC ENGAGEMENT

INDIA - OPEC ENGAGEMENT

 

 

OPEC - OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with HE Dharmendra Pradhan, Minister of Petroleum and Natural Gas of India, in New Delhi. The meeting was attended by a group of accompanying OPEC senior officials and the Chief Executives of the 'Group-7 of Indian Refiners'.

Both parties underscored the value of the ever-expanding cooperation between India and OPEC. Discussions focused on current oil market developments, the rapidly expanding Indian economy and its increasing importance for the global energy industry.

The Secretary General praised India as one of the most dynamic countries in the world, particularly with regard to its rapidly expanding oil and gas industry. He also underlined the impressive progress of bold new reforms in the country, which the Secretary General noted 'serve as a focal point for some of the leading joint projects being undertaken by OPEC's Member Countries, who recognize India's unprecedented growth potential'.

Minister Pradhan echoed similar views on the significance of the OPEC and India Energy Dialogue and made reference to five bilateral meetings that were held in the last year. The Minister emphasized that India, which has experienced the world's fastest growth in oil demand and will enjoy continued and sustained growth prospects in the medium- to long-term, will remain a natural partner to OPEC. He stated that 'India's engagement with OPEC is important as India sources about 86% of crude oil, 75% of natural gas, 95% of LPG from OPEC Member Countries.' He expressed appreciation for OPEC's pivotal contribution to the ongoing market stabilization process, which is crucial for both producing and consuming countries.

The Secretary General stressed the importance of the successful implementation of the historic 'Declaration of Cooperation' in accelerating the pace of the market rebalancing as reflected in declining levels of stock overhang, more robust oil demand and a gradual return of investments to the oil industry.

Both sides reiterated the importance of expanding dialogue through technical meetings in areas of mutual interest, as well as closer cooperation between NOCs in technology networking platforms.

The meeting occurred on the margins of the India Energy Forum where the Secretary General delivered plenary remarks at a dedicated session. He had the opportunity to meet with leading industry stakeholders and oil company executives during this inaugural high-level forum.

-----

Earlier:

INDIA: 

     

 OPEC:

 RENEWABLE ENERGY UP
2017, September, 25, 13:10:00

RENEWABLE ENERGY UP

China accounts for the lion’s share of the upsurge. But Middle East and north African countries are scheduled to have installed 14GW in solar plants by the end of 2018 — a seven-fold increase from 2015. 

 

    NEW OIL COALITION
2017, October, 6, 12:50:00

NEW OIL COALITION

As the world's two largest oil producers, Saudi Arabia and Russia have led the 24-country OPEC/non-OPEC coalition in its 1.8 million b/d supply cut, which is scheduled to end in March.

 
 WORLD ENERGY CONSUMPTION UP TO 28%
2017, September, 15, 08:55:00

WORLD ENERGY CONSUMPTION UP TO 28%

Non-OECD Asia (which includes China and India) accounts for more than 60% of the world's total increase in energy consumption from 2015 through 2040.

 

    OPEC NEED ASIA'S MARKET
2017, September, 27, 13:40:00

OPEC NEED ASIA'S MARKET

We expect global demand to increase by nearly 16 million barrels a day until 2040 – at which time it could reach around 111 million barrels a day. A remarkable 70% of this growth is forecast to come from emerging and developing economies in Asia.

 IMF: SOUTHEAST ASIA'S TRANSFORMATION
2017, September, 13, 15:10:00

IMF: SOUTHEAST ASIA'S TRANSFORMATION

IMF - When we think about Asia’s economic future, we know that this future is being built on strong foundations—on the richness and diversity of its cultures, on the incredible energy and ingenuity of the people who have changed the world by transforming their own economies. China and India have been driving the greatest poverty reduction in human history by creating the world’s largest middle classes.

 

    SAUDIS - RUSSIA OIL DEAL
2017, August, 31, 12:25:00

SAUDIS - RUSSIA OIL DEAL

Top oil producers Saudi Arabia and Russia are pushing to extend their deal to limit crude oil production for another three months, which would leave the output deal between OPEC and non-OPEC producers in place through the end of June, people familiar with the matter said.

 INDIA'S LPG WILL UP 10%
2017, August, 3, 12:20:00

INDIA'S LPG WILL UP 10%

India's LPG imports are expected to rebound from July onwards and is on track for a 10% annual increase in the current fiscal 2017-2018 (April-March), after plunging to the lowest in two years in June, trade sources from four oil and gas companies in India said recently.

 

    OIL MARKET IS RIGHT
2017, August, 24, 14:20:00

OIL MARKET IS RIGHT

As of July 2017, the OPEC and participating non-OPEC producing countries achieved an impressive conformity level of 94 per cent. This is a demonstration of the commitment of participating producing countries to continue their cooperation towards the rebalancing of the market. 

 INDIA BUYS U.S. OIL
2017, July, 10, 12:05:00

INDIA BUYS U.S. OIL

India, the world's third-largest oil importer, will import crude oil from the United States for the first time after Indian Oil Corp bought a cargo that will be delivered in October.

 

    OPEC: GLOBAL OIL DEMAND WILL UP TO 97.8 MBD
2017, August, 16, 09:30:00

OPEC: GLOBAL OIL DEMAND WILL UP TO 97.8 MBD

OPEC said world oil demand in 2018 will grow 1.28 million b/d from 2017 levels, meaning that total oil consumption is expected to hit a new record high of 97.8 million b/d in 2018.

 OPEC PREFERENCES FOR INDIA
2017, May, 24, 19:30:00

OPEC PREFERENCES FOR INDIA

As a major buyer of OPEC crude, India is hoping to leverage its ties with the oil producer bloc to gain "preferential treatment," the country's petroleum minister Dharmendra Pradhan told.

 

    OIL OUTPUT CONSENSUS
2017, July, 24, 13:55:00

OIL OUTPUT CONSENSUS

With prices still languishing below the $55-$60/b that some ministers have said they are targeting, some market watchers say OPEC and its non-OPEC partners have no choice but to deepen cuts to make up for output gains from exempt Nigeria and Libya, as well as sliding compliance from other members.

 

 MAJOR INDIAN CONSUMPTION
2017, May, 18, 19:10:00

MAJOR INDIAN CONSUMPTION

India is a major contributor to the growth in global liquid fuels consumption. Total liquid fuels consumption in India grew 8% in 2016, the largest increase since 2009, to an estimated 4.35 million barrels per day (b/d).

    OPEC PRODUCTION UP TO 32.49 MBD
2017, July, 7, 08:05:00

OPEC PRODUCTION UP TO 32.49 MBD

The Organization of Petroleum Exporting Countries produced 32.49 million b/d in June—an increase of 220,000 b/d from May and representing a 6-month high.

 

 

Tags: INDIA, OPEC

Chronicle:

INDIA - OPEC ENGAGEMENT
2017, December, 11, 09:55:00

SAUDIS OIL FOR JAPAN

REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.

INDIA - OPEC ENGAGEMENT
2017, December, 11, 09:50:00

U.S. EMPLOYMENT UP BY 228,000

U.S. BLS - Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.

INDIA - OPEC ENGAGEMENT
2017, December, 11, 09:45:00

ДОХОДЫ РОССИИ: +204,8 МЛРД. РУБ.

Отклонение нефтегазовых доходов федерального бюджета от месячной оценки, соответствующей Федеральному закону о федеральном бюджете на 2017-2019 годы, в декабре 2017 года прогнозируется в размере +204,8 млрд руб.

INDIA - OPEC ENGAGEMENT
2017, December, 11, 09:40:00

OPEC WILL BACK BY 2040

“Tight oil supplies are the wild card. They have reshaped the global outlook in recent years,” observed Ayed S. Al-Qahtani, who directs the research division at the OPEC Secretariat in Vienna. “US tight oil supplies will be the most important contributor but are expected to reach their peak around 2025.”

All Publications »