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W.Asia

W.Asia
2018, June, 15, 11:30:00

RUSSIA - SAUDI ARABIA COOPERATION

ARAB NEWS - Saudi Arabia’s Crown Prince Mohammed bin Salman held talks with Russian President Vladimir Putin in Moscow Thursday.

W.Asia
2018, June, 15, 11:25:00

OIL PRODUCTION WILL UP

REUTERS - Saudi Arabia and Russia, architects of the deal among producers to cut output by about 1.8 million barrels per day (bpd) from January 2017, have now indicated they want output to increase.

W.Asia
2018, June, 15, 11:00:00

SAUDI ARAMCO INVESTMENTS WILL UP

REUTERS - Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand.

W.Asia
2018, June, 15, 10:45:00

U.S. - OPEC TIES

REUTERS - OPEC and U.S. representatives have met at least twice this year, with a third high-profile meeting set for Vienna next week. Finding the optimal balance of crude supply and demand will be the hot topic.

W.Asia
2018, June, 13, 13:20:00

RUSSIA'S OIL PRODUCTION: 11 MBD

BLOOMBERG - The nation boosted crude supply to the highest in 14 months in the first week of June as some companies breached their caps, said a person with knowledge of the matter. While both the Kremlin and oil bosses remain publicly committed to the accord, production of 11.09 million barrels a day exceeds the 10.95 million limit agreed with OPEC, the official said.

W.Asia
2018, June, 13, 13:15:00

SAUDIS OIL PRODUCTION: 10 MBD

BLOOMBERG - Saudi Arabia, which along with Russia is trying to garner support for lifting output limits, told the Organization of Petroleum Exporting Countries that its daily production rose 162,000 barrels a day to 10.030 million in May compared with the previous month, a person with knowledge of the data said, asking not to be identified because the information isn’t public.

W.Asia
2018, June, 13, 12:50:00

QATAR LNG - 2024: 100 MLN MT

PLATTS - "There is no LNG supply glut," Sada said. "There may be a surplus of only 10 million mt/year of LNG in the early 2020s [but] in a 350 million mt/year LNG market, this means that the market is practically in balance," he said.

W.Asia
2018, June, 6, 12:20:00

OPEC - RUSSIA OPINION

REUTERS - “We have to look into the situation which has panned out on the market today, from the point of view of the volume cuts, inventories decline, shortages on the market, and to adjust the figures,” Novak told reporters.

W.Asia
2018, June, 6, 11:59:00

QATAR IS OK

BLOOMBERG - By most metrics, the embargo that closed Qatar off from major air, sea, and land links has failed. The country’s imports and exports are up, according to the International Monetary Fund. Qatar, the world’s richest country per capita thanks to massive reserves of natural gas, is on track to post a budget surplus in 2018. Its economy is growing faster than most of its peers.

W.Asia
2018, June, 6, 11:45:00

ABU DHABI INVESTMENT: $13.6 BLN

BLOOMBERG - Abu Dhabi plans to spend $13.6 billion over three years and allow freezone-based companies to take part in government tenders as the oil-rich emirate seeks to stimulate the economy.

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