All publications by tag «OPEC»
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2021, October, 21, 15:30:00
INDIA, OPEC OIL DEAL
India, the world's third-biggest importer and consumer of crude, meets around 85% of its demand via overseas purchases with Iraq, Saudi Arabia and the United States being the top three suppliers. India also imports 55% of its gas demand via imports.
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2021, October, 14, 13:00:00
OPEC + RUSSIA 400 TBD
The OPEC+ alliance has agreed to increase production by 400,000 b/d through the end of 2022, aiming to eliminate the historic cuts it implemented through the pandemic by late in the year
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2021, October, 8, 10:30:00
OPEC+ 400 TBD ANEW
Reconfirmed the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of November 2021, as per the attached schedule.
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2021, September, 22, 12:50:00
NIGERIA NEED OIL
Nigeria's quota, which covers only crude oil and not condensate, is 1.614 million b/d for September and is scheduled to rise by roughly 17,000 b/d each month,
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2021, September, 6, 12:20:00
OPEC+ OIL ADJUSTMENT 0.4 MBD
Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th ONOMM and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of October 2021.
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2021, August, 30, 13:55:00
OPEC+ WITHOUT CHANGES
The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+, will meet on Sept. 1 to discuss the previously agreed increase of 400,000 barrels per day (bpd) for the next several months.
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2021, August, 30, 13:50:00
HYDROGEN ENERGY FOR CHINA $4.6 BLN
“Sinopec will expand forcefully into making hydrogen from renewable energy, and zero in on hydrogen for transportation fuel and using green hydrogen for refining,” acting Chairman Ma Yongsheng said.
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2021, August, 27, 12:05:00
OPEC+ RUSSIA UNCERTAINTY
OPEC, Russia and nine other countries agreed in July to increase crude production by 400,000 b/d starting August through the end of 2022, a quantity that many analysts said would be insufficient to meet demand in the short-term, given seasonal consumption patterns and the world's recovery from the pandemic.
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2021, August, 9, 11:55:00
OPEC+ OIL PRODUCTION UP BY 750 TBD
The 19 countries with quotas under the OPEC+ deal produced 35.99 million b/d in July, despite having a collective ceiling of 36.34 million b/d.
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2021, July, 30, 08:20:00
CHINA GAS PRODUCTION WILL UP
Since 2010, China’s natural gas output increased on average by 7.5%/year to 195 bcm in 2020.