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2014-09-03 18:05:00

RUSSIAN OIL RISES

RUSSIAN OIL RISES

Russia's oil output rose in August helped by an increase in condensate production at Gazprom , showing that energy supplies so far have not been affected by sanctions over the country's military invasion of Ukraine.

Oil production rose 1 percent to 10.52 million barrels per day (bpd) in August from July due to state-controlled Gazprom and projects with foreign companies, Russian Energy Ministry data showed.

Production in Russia, which includes crude oil and gas condensate, was still the world's highest in August. Its closest rival, Saudi Arabia, produced an average 9.75 million bpd last month, a Reuters survey…

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Tags: RUSSIA, OIL, GAZPROM, LUKOIL, ROSNEFT

Chronicle:

RUSSIAN OIL RISES
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

RUSSIAN OIL RISES
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

RUSSIAN OIL RISES
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

RUSSIAN OIL RISES
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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