“Russia will not increase its output unless in coordination with the rest of OPEC and OPEC+ countries,” Mazroui said. “I believe in the wisdom of Russia, and I believe that Russia has benefited from this agreement... I don’t see any reason for Russia not to continue with us.”
Production by OPEC countries in March was 2.2 mb/d lower than in November and now there is uncertainty concerning Libya. Production by non-OPEC producers in 1Q19 was 0.7 mb/d lower than in 4Q18.
With this weakness expected to persist into the first half of 2019, our new World Economic Outlook (WEO) projects a slowdown in growth in 2019 for 70 percent of the world economy. Global growth softened to 3.6 percent in 2018 and is projected to decline further to 3.3 percent in 2019.
India is witnessing a listless growth in electricity demand, possibly signalling more slowdown in Asia’s third-largest economy.
Gazprom would be able to honor its minimum contractual commitments to EU customers without Nord Stream 2 or Ukrainian gas transit from January 1, 2020
Royal Dutch Shell has decided to exit a Baltic liquefied natural gas (LNG) project led by Russian state gas major Gazprom on the Russian Baltic coast.
Стороны обсудили ключевые направления сотрудничества компаний. В частности, речь шла о поставках газа и ходе реализации проекта строительства газопровода «Северный поток — 2»
В первом квартале 2019 года добыча углеводородов составила 147,1 млн баррелей нефтяного эквивалента (бнэ), в том числе 18,66 млрд куб. м природного газа и 2 987 тыс. тонн жидких углеводородов (газовый конденсат и нефть). По сравнению с первым кварталом 2018 года добыча углеводородов выросла на 14,6 млн бнэ или на 11,0%.
Brent crude oil spot prices averaged $66 per barrel (b) in March, up $2/b from February 2019. Brent prices for the first quarter of 2019 averaged $63/b, which is $4/b lower than the same period in 2018. Despite lower crude oil prices than last year, Brent prices in March were $9/b higher than in December 2018, marking the largest December-to-March price increase since December 2011 to March 2012.
Oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela.