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W.Asia

W.Asia
2016, October, 13, 18:50:00

RUSSIA & SAUDI COOPERATION

Coordinated output curbs by Russia and the Organization of Petroleum Exporting Countries, who together pump about half the world’s oil, could boost fuel prices for consumers and revive the fortunes of a battered energy industry. While Putin’s comments are the firmest indication yet that such an agreement is possible, Russia is still pumping at record levels and has stopped short of a commitment to pull back. OPEC members also have many hurdles to overcome before implementing their first cuts in eight years.

W.Asia
2016, October, 7, 18:40:00

OPEC - RUSSIA MEETING

Last week, the Organization of the Petroleum Exporting Countries agreed to cut between 200,000 barrels a day and 700,000 barrels a day of their output to reduce a global oil glut. The 14-nation oil-producing group controls over a third of the world’s oil production, but said it also wanted non-OPEC producers to join the effort to curb output.

W.Asia
2016, October, 6, 18:55:00

SAUDI'S DIFFICULT DECICIONS

If Nigeria and Libya restore production, the kingdom may need to cut twice as much. U.S. shale drillers also stand ready to fill any supply gap.

W.Asia
2016, October, 5, 18:35:00

IRANIAN DEAL: $2.5 BLN

Paolo Scaroni, the former chief executive of Italy’s Eni SpA, said Iran is able to pump as much as 4.1 million to 4.2 million barrels daily.

W.Asia
2016, September, 30, 18:45:00

СОХРАНЕНИЕ ОБЪЕМОВ ДОБЫЧИ

«Инструменты влияния на добычу могут быть разные, поэтому мы будем рассматривать окончательные предложения. Все будет зависеть и от макроэкономической ситуации и от планов компаний, но мы ориентируемся на сохранение объемов добычи на достигнутом уровне», – рассказал Александр Новак.

W.Asia
2016, September, 30, 18:35:00

AN IMPORTANT ISRAELI GAS

Europe sees Israel and the region as an important supplier of gas to Europe

W.Asia
2016, September, 29, 18:40:00

SAUDI - IRAN COMPROMISE

While Tehran wants to set its production target at about 4.2 million barrels per day, Riyadh last week asked its regional rival to freeze its output at 3.6 million barrels per day in return for a production cut.

W.Asia
2016, September, 28, 18:55:00

СТАБИЛИЗАЦИЯ МИРОВОГО РЫНКА

«Во втором полугодии цены будут колебаться между 40 и 50 долларов за баррель, в среднем по 2017 году мы ожидаем стоимость нефти в диапазоне 50-60 долларов», - сказал глава Минэнерго России.

W.Asia
2016, September, 28, 18:50:00

IRAN WANTS 13%

The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. Two of the company’s senior accounting executives at the time have agreed to settle charges that they were behind the scheme.

W.Asia
2016, September, 27, 18:35:00

SAUDI'S INVESTMENT: $334 BLN

"Saudi Aramco is forecast to spend around $334 billion. This will be spent on material and services to support service facilities, infrastructure projects, drilling and maintain (oil) potential projects, unconventional resources both in the exploration phase and development and several other projects,"

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