BLOOMBERG - Kuwait Petroleum Corp. signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand.
BLOOMBERG - Al-Falih wouldn’t rule out buying LNG from Russia, which this month opened a new plant in the Arctic, although he cautioned it wasn’t the most economical option at the moment.
BLOOMBERG - Saudi Arabia expects oil revenue to jump 12 percent next year in a sign the world’s biggest crude exporter expects prices to keep rising in 2018.
REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.
BLOOMBERG - Libya, which has been stepping up efforts to boost oil output, will maintain its current production level until the end of next year to stay in line with OPEC’s agreement to trim global supplies.
PENNENERGY - significant deposits already discovered in the east Mediterranean, including Israel's Leviathan field are "just the tip of the iceberg" and that "it's very likely" that more gas will be found in Cypriot waters.
REUTERS - The outcome represents a successful compromise between de facto OPEC leader Saudi Arabia (which wanted to announce an extension throughout 2018) and non-OPEC heavyweight Russia (which wanted to avoid giving such a long commitment).
МИНЭНЕРГО РОССИИ - «Мы успешно и конструктивно провели переговоры по продлению сделки. Мы удовлетворены результатами балансировки рынка, сокращением излишков нефти и нефтепродуктов, снижением волатильности цен, а также возврату инвестиционной активности в отрасли. В тоже время мы также единодушно подтвердили то, что мы находимся лишь в середине пути, и для того, чтобы достичь окончательной цели по балансировке рынка, нам нужно продолжить совместные усилия».
PLATTS - Saudi Arabia reasserted its leadership of the oil market Thursday after brokering its desired extension of output cuts with OPEC and non-OPEC partners through to the end of 2018. The deal -- agreed after nearly nine hours of negotiations in Vienna -- kept its new ally Russia onside and prevented a sell-off that many analysts had feared.
BLOOMBERG - OPEC and its allies outside the group agreed to maintain oil production cuts until the end of 2018, extending their campaign to wrest back control of the global market from America’s shale industry.