All publications by tag «OPEC»
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2016, November, 21, 19:05:00
RUSSIA IS READY
"We will do everything that our partners from OPEC are expecting. To freeze oil production is not an issue for us," Putin told a news conference in Lima after the APEC summit.
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2016, November, 21, 19:00:00
IRAQ'S THREE PROPOSALS
The Organization of the Petroleum Exporting Countries agreed in September to reduce output to help draw down a global supply glut that is weighing on oil prices, but left the details of the plan to be worked out later. The group is holding a so-called “technical meeting” at their Vienna headquarters Monday and Tuesday to discuss the mechanism for implementing the September agreement. The technical meeting will prepare for OPEC’s ministerial meeting Nov. 30 in Vienna.
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2016, November, 21, 18:50:00
OPEC'S CAUTIOUS OPTIMISM
"I came here to meet with the Iranian petroleum minister just before attending the crucial meeting of OPEC members in Algiers and Minister Zangeneh assured me here that he would do and Iran would do everything possible to reach the consensus and to work for it," the official added.
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2016, November, 18, 18:45:00
RUSSIAN DECISION: $6 BLN
Russia’s decision earlier this year to engage in talks with OPEC about limiting oil output has added more than 400 billion rubles ($6 billion) to the nation’s budget, according to two officials familiar with government calculations.
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2016, November, 17, 18:45:00
IRAN - SAUDI COMPETITION
Iran overtook political rival Saudi Arabia as India's top oil supplier in October, shipping data showed, just ahead of a producers' meeting this month to hammer out the details on output cuts aimed at reining in a global glut.
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2016, November, 16, 18:45:00
RUSSIA - SAUDI COMPETITION
The deal between Essar and a consortium led by Kremlin oil giant Rosneft (ROSN.MM) appeared dead in the water two months ago after Saudi state energy firm Aramco weighed in, according to seven Russia, India and Saudi-based industry sources familiar with or involved in the negotiations.
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2016, November, 14, 18:50:00
OPEC OIL PRODUCTION 33.64 MBD
The Organization of Petroleum Exporting Countries increased its crude oil output by 240,000 b/d during October to average 33.64 million b/d.
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2016, November, 14, 18:45:00
A LITTLE HOPE PRICE
The downturn produced a leaner, more efficient U.S. shale industry that was forced to develop and quickly adapt new technology to compete with conventional oil supplies during a two-year period of depressed prices.
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2016, November, 11, 19:00:00
OIL PRODUCTION GROWTH
Supply growth from nations outside the OPEC will be “just shy” of 500,000 barrels a day, an increase of 110,000 barrels a day from the agency’s forecast last month, it said Thursday. Russian production is likely to grow by 190,000 barrels a day, building on a 230,000-barrel increase in 2016.
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2016, November, 8, 18:35:00
DEMAND WILL UP AGAIN
OPEC raised its outlook for oil use in 2018, 2019 and 2020, when it sees demand reaching 98.3 million barrels a day, or 900,000 more than the group projected in its previous annual outlook.