All publications by tag «OPEC»
REUTERS - U.S. West Texas Intermediate (WTI) crude futures fell 10 cents, or 0.2 percent, $65.71 a barrel by 2353 GMT. Last week, WTI lost around 3 percent, adding to a near 5 percent decline a week before. The global benchmark Brent fell 26 cents, or 0.34 percent, to $76.53 a barrel.
SHANA - The Iranian Minister of Petroleum further stressed that should the sanctions lead to any reduction in the oil market share of the I.R. Iran, Tehran, once the illegal limitations were resolved, reserves the right to return to its oil market share in the shortest possible time and resume its normal production-level and that it would not accept any limitations in that regard.
REUTERS - U.S. West Texas Intermediate crude CLc1 lost 16 cents, or 0.2 percent, to $66.88 a barrel by 0423 GMT, after falling almost 2 percent on Thursday. Global benchmark Brent crude LCOc1, which was little changed in the previous session, was down 9 cents, or 0.1 percent, to $77.47 per barrel.
REUTERS - Brent LCOc1 rose 40 cents to $75.79 a barrel by 0925 GMT, after trading as low as $74.81 earlier. U.S. crude CLc1 was up 25 cents at $66.98.
МИНЭНЕРГО РОССИИ - «Я думаю, что мы найдем общее согласие, общий компромисс. Все страны заинтересованы в стабильной ситуации на рынке. Никто не заинтересован в том, чтобы создавать перегрев на рынке», - отметил Министр.
OPEC - The JMMC reported that participating countries have achieved a conformity level of 152% during the fourth month of the second year of the Declaration of Cooperation. This demonstrates the commitment of participating countries to the restoration of market stability, which is intended to serve the long term interests of producers, consumers and the global economy.
REUTERS - Brent crude futures LCOc1 stood at $75.35 a barrel at 0913 GMT, down $1.09 from the previous close and after touching a three-week low of $74.49 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures were at $66.69, down $1.19, after hitting a six-week low of $65.80.
PLATTS - Novak also confirmed that Russia would like to lift production ceilings under the OPEC-led output cut deal in which Russia agreed to gradually cut 300,000 b/d. The deal, in place since January 2017, has 24 OPEC and non-OPEC countries jointly cutting a combined 1.8 million b/d.
PLATTS - "At end of the day as important as Russia and Saudi Arabia are in terms of the largest countries, we have to be sensitive to views of all countries and will be consulting with all of them," Falih told a key energy session at the St Petersburg International Economic Forum.
PLATTS - "With Saudi Arabia stressing the need for more capex to meet future oil demand and replace the natural decline from aging fields, and thus presumably a higher price to incentivize investment, supply cuts, in one form or another, may be extended to 2019," the note said.