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2021, February, 11, 14:10:00
SHELL OIL PRODUCTION WILL DOWN
An expected gradual reduction in oil production of around 1-2% each year, including divestments and natural decline.
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2021, February, 11, 14:05:00
TURKEY'S AKKUYU WILL WORK AT 2026
Russia and Turkey signed an intergovernmental agreement in May 2010 for the construction of the Akkuyu nuclear power plant on the southern coast of Turkey in Mersin province,
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2021, February, 11, 14:00:00
TOTAL NET LOSS $7.2 BLN
Total preserves its financial strength with a gearing of 21.7% at the end of 2020.
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2021, February, 10, 12:00:00
OIL PRICE: NEAR $61 ANEW
Brent was down by 1 cent at $61.08. WTI dropped 8 cents to $58.28.
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2021, February, 10, 11:55:00
OIL PRICES 2021-22: $52-$56
Brent crude oil prices will average $56/b in the first quarter of 2021 and $52/b over the remainder of the year. Brent prices will average $55/b in 2022.
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2021, February, 10, 11:50:00
NORD STREAM 2: EASING OF SANCTIONS
Germany was willing to considerably increase its financial support for LNG infrastructure by up to Eur1 billion ($1.2 billion). In exchange, the US would allow the "unhindered construction and operation" of Nord Stream 2.
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2021, February, 10, 11:45:00
IRAQ COMITTED TO OPEC+
"Iraq is committed to the [OPEC+] agreement to cut production in light of the current challenges facing the international oil market and global oil producers due to the coronavirus that led to the contraction and recession in the global economy," Karim Hattab told INA.
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2021, February, 10, 11:40:00
CHINA INDEXES UP AGAIN
The CSI300 index rose 1.7% to 5,781.43 points at the end of the morning session, the highest since Oct. 18, 2007, while the Shanghai Composite Index gained 1.0% to 3,640.65 points.
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2021, February, 10, 11:35:00
LNG DEFICIT
Novatek expects worldwide LNG demand to continue to grow even as countries decarbonise their energy systems.
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2021, February, 10, 11:30:00
SAUDI ARAMCO PIPELINE INVESTMENT $10 BLN
Aramco is in talks with banks to provide “staple financing”, which is a financing package provided by the seller that buyers can use to back their purchase.