All publications by tag «OPEC»
2020, October, 27, 14:35:00INDIA, OPEC COOPERATION
Your Excellency, Prime Minister Modi, OPEC is a reliable partner of India and the great strategy you set out for your esteemed country. Long may this relationship continue to blossom.
2020, October, 26, 13:55:00SHAKY OIL MARKET
Saudi Energy Minister Prince Abdulaziz bin Salman, who has warned his counterparts of the market's shaky footing and the need to be proactive on production policy, could very well welcome any lobbying by the Trump administration, if global oil demand prospects do not improve.
2020, October, 20, 15:35:00OPEC+ STABILIZE OIL MARKET
OPEC and 10 partners are set to ease their 7.7 million b/d collective production cuts by about a quarter to 5.8 million b/d at the start of 2021,
2020, October, 14, 12:00:00OIL DEMAND WILL UP: 2020
OPEC and its allies, including Russia, are in the midst of a historic supply accord enacted during the depths of the coronavirus market meltdown
2020, October, 14, 11:55:00OPEC PLANS TO REDUCE PRODUCTION
The 23-country OPEC+ alliance is in the midst of a 7.7 million b/d production
2020, October, 12, 11:50:00OPEC+ PRODUCTION: 99%
OPEC's 13 members produced 24.34 million b/d in September, a fall of 30,000 b/d from August, while its nine partners, including Russia, produced 12.72 million b/d, an addition of 50,000 b/d.
2020, October, 9, 12:20:00GLOBAL ENERGY DEMAND WILL UP BY 25%
Despite the large drop in 2020, global primary energy demand is forecast to continue growing in the medium- and long-term, increasing by a significant 25% in the period to 2045.
2020, October, 6, 15:40:00IRAQ'S OIL EXPORTS UP
Iraq, OPEC's second-largest oil producer saw exports edge up to 3.063 million b/d in September from 3.023 million b/d in August, which was the lowest export rate since March 2015, data showed.
2020, October, 6, 15:35:00UAE OIL PRODUCTION DOWN
UAE, the OPEC producer pumped 2.693 million b/d in August, 103,000 b/d above its quota of 2.590 million b/d under the OPEC + supply accord, and a rise of 293,000 b/d from what the country reported in July, when its cap was 2.446 million b/d.
2020, October, 1, 13:40:00OPEC+ CUTTING COMPENSATION 2.375 MBD
OPEC and 10 allies, including Russia, are in the midst of a historic production cut accord aimed at helping the oil market recover from the COVID-19 pandemic. The curbs initially started at 9.7 million b/d for May-July, before tapering to 7.7 million b/d from August through the end of the year.