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All publications by tag «PRODUCTION»

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2017, February, 10, 18:55:00
GLOBAL OIL PRODUCTION DOWN
Oil supplies fell by around 1.5 million barrels per day last month, including by 1 million bpd for OPEC, leading to record initial compliance of 90 percent with a six-month output-cut deal reached in December by big producers to boost prices.
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2017, February, 2, 18:45:00
OPEC, RUSSIA CUTS
Therefore, OPEC has raised its supply to Asia, and Russia has also re-routed a great chunk of its rising production toward China and the Asia-Pacific over the past decade. Russia surpassed Saudi Arabia as China's biggest supplier last year, exporting 1.05 million bpd of crude versus Saudi Arabia's 1.02 million.
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2017, January, 30, 19:05:00
U.S. SHALE SHARE
Igor Yusufov, Russia’s energy minister from 2001 to 2004, said U.S. shale producers wouldn’t attempt to enter core OPEC and Russia markets where prices are too low for them to compete. “The fact is that shale oil and gas are doing well in markets that start from a certain price,” he said in an email exchange with The Wall Street Journal.
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2017, January, 26, 18:55:00
IRAN'S OIL PRODUCTION: 3.9 MBD
Iranian Minister of Petroleum Bijan Zangeneh says Iran's crude oil output is at 3.9 million barrels per day.
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2017, January, 23, 18:50:00
OIL PRODUCTION CUTS 1.5 MBD
Saudi Energy Minister Khalid al-Falih said OPEC’s 13 nations and 11 producers outside the cartel had made collective cuts totaling 1.5 million barrels a day since agreements were struck in late November and early December. Oil prices have risen nearly 20% since those deals were made, despite widespread skepticism over whether OPEC and other producers would follow through.
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2017, January, 20, 18:55:00
U.S. OIL GAS PRODUCTION UP
U.S. oil production will up 41 tbd, gas production will up 330 mcfd.
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2017, January, 20, 18:30:00
NORWAY'S PRODUCTION DOWN 60 TBD
Preliminary production figures for December 2016 show an average daily production of 2 094 000 barrels of oil, NGL and condensate, which is a decrease of 60 000 barrels per day (approx. 3 percent) compared to November.
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2017, January, 17, 18:35:00
CHINA'S PRODUCTION DOWN
China’s oil production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016.
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2017, January, 13, 18:50:00
OIL MARKET DEFICIT
The world could run short of oil by 2020 due to the recent sharp global downturn in upstream investment, Saudi Energy Minister Khalid al-Falih said Thursday.
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2017, January, 13, 18:45:00
EMIRATES URGE TO CUT
Suhail Al Mazrouei said on Wednesday that Opec and non-Opec producers who have agreed to restrict their output over the next six months need to demonstrate that they are being implemented in order for their initiative to stabilise oil prices.