All publications by tag «PRODUCTION»
2020, April, 9, 11:55:00
SAUDI ARABIA, RUSSIA, U.S. REDUCTION
Saudi Arabia and Russia, the two OPEC+ leaders, have insisted that they will only participate if the US also agrees to production cuts.
2020, April, 9, 11:50:00
OPEC+ SEEKS CUTS TO 15 MBD
The oil market has collapsed due to the coronavirus pandemic, as well as the inability of the OPEC+ alliance to agree on a production cut strategy at its last meeting March 5-6, when Russia rejected a Saudi-led proposal for deeper cuts.
2020, April, 8, 11:55:00
OPEC+ U.S.: NO INDICATIONS
OPEC has been open to counting natural production declines in its output cut agreements, but there is no indication the US would be willing to sign up to that, and some delegates say Russia might not agree such a dressed-up US cut anyway.
2020, April, 8, 11:35:00
KUWAIT INCREASES OIL PRODUCTION
The government of Kuwait plans to increase its oil production in April 2020, with an objective of 3.15 mb/d, up from an average production 2.69 mb/d in 2019 (2.74 mb/d in 2018).
2020, April, 2, 14:45:00
U.S. OIL STOCKS UP
U.S. Commercial crude stocks jumped 13.83 million barrels to 469.19 million barrels during the week
2020, April, 1, 12:35:00
U.S. GAS PRODUCTION UP 7%
The preliminary level for dry natural gas production in January 2020 was 2,930 billion cubic feet (Bcf), or 94.5 Bcf/d. This level was 5.9 Bcf/d (6.7%) higher than the January 2019 level of 88.6 Bcf/d.
2020, March, 30, 10:25:00
#OilPriceWar AGAINST U.S.
A group of six U.S. senators wrote a letter to Secretary of State Mike Pompeo this week saying Saudi Arabia and Russia “have embarked upon economic warfare against the United States” and were threatening U.S. “energy dominance”.
2020, March, 30, 10:20:00
#OilPriceWar: OPEC+: THE NEW AGREEMENT
Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak have not held any discussions about a joint agreement to balance oil markets, indicating no resolution to the price war.
2020, March, 30, 10:15:00
#OilPriceWar LOSSES $192 BLN
Oil exporters in the Middle East and North Africa region will lose $192 billion in crude income in 2020
2020, March, 30, 10:10:00
OIL FUNDS ACCUMULATIONS $225 BLN
Sovereign wealth funds from oil-producing countries mainly in the Middle East and Africa are on course to dump up to $225 billion in equities,
