RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2016-12-02 18:50:00

IRAN'S OIL BENEFITS: 3.9 MBD

ВЫГОДА ИРАНА: 3.9 MBD

IRNA wrote, OPEC in its 171st ordinary meeting on Wednesday, November 30, agreed to Iran's share of 3.9 million barrels per day in its total output.

The petroleum ministers of the Organization of the Petroleum Exporting Countries (OPEC) have agreed to cut 1.2 million barrels a day from the Organization's present output.

The OPEC in its 171st ordinary meeting on Wednesday, November 30, reached the agreement for the first ever since 2008 to decrease its production, hence being able to implement the Algiers accord of September 28.

Based on the Algiers accord, the Organization was to minimize the production level to 32.5 million barrels per day to 33 million barrels per day.

The minus politicized OPEC decision proves that under difficult conditions important decisions still can be made and play a major role in the world energy market.

Predictions show that following the OPEC decision, oil price will reach 50 to 55 dollars a barrel.

Minister of Petroleum Bijan Zangeneh had prior to the OPEC session announced, 'If economic spirit governs the meeting of the oil and energy ministers of OPEC, we will reach decision very soon; however, if politics are to be involved, the decision making will be times very difficult.'

Per OPEC agreement on Wednesday, Saudi Arabia will cut its production by 500,000 barrels per day to the level of 10.6 million barrels per day.

-----

Earlier:

IRAN: 

IRANIAN - IRAQI REDUCTION 

ATTRACTIVE IRAN 

RUSSIAN INVESTMENTS TO IRAN 

IRAN - SAUDI COMPETITION 

IRAN - RUSSIA COOPERATION

 

OPEC: 

OPEC PRODUCTION TARGET 32.5 MBD 

OPEC WILL CUT 1.2 MBD 

OPEC'S CAUTIOUS OPTIMISM 

OPEC OIL PRODUCTION 33.64 MBD 

SOLIDARITY WITH OPEC

 

PRICES: 

OIL PRICES: ABOVE $52 AGAIN 

OIL INVESTMENT: -$1.99 TLN + $630 BLN 

2017: DEMAND RECOVERY 

RUSSIA CAN CUT 300 TBD 

 

Tags: IRAN, OPEC, OIL, PRICES, PRODUCTION
Chronicle:
ВЫГОДА ИРАНА: 3.9 MBD
2021, July, 9, 12:04:00
HYDROGEN RUSSIA AND CIS, Moscow, 20-21 October 2021
International Conference and Exhibition ‘Hydrogen Russia and CIS’ brings together more than 200 senior executives of hydrogen production plants from Russia and the CIS
ВЫГОДА ИРАНА: 3.9 MBD
2021, July, 9, 12:00:00
ARGENTINA'S NUCLEAR SMR
Before work was suspended, it was in line to be the world’s first operating SMR. The government licensed it as a prototype in 2009.
ВЫГОДА ИРАНА: 3.9 MBD
2021, July, 9, 11:55:00
CHILE'S COAL GENERATION DOWN
In June 2021, the Chamber of Deputies of Chile has approved a bill that prohibits the installation and operation of coal-fired power plants.
ВЫГОДА ИРАНА: 3.9 MBD
2021, July, 8, 12:50:00
OIL PRICE: NEAR $73
Brent slipped by 23 cents, or 0.3%, to $73.20 a barrel, WTI were down 33 cents, or 0.5%, at $71.87 a barrel.
ВЫГОДА ИРАНА: 3.9 MBD
2021, July, 8, 12:45:00
OIL PRICES 2021-22: $72-$67
We expect rising production will reduce the persistent global oil inventory draws that have occurred for much of the past year and keep prices similar to current levels, averaging $72/b during the second half of 2021 (2H21).
ВЫГОДА ИРАНА: 3.9 MBD
2021, July, 8, 12:40:00
EUROPE CLIMATE RULES
According to draft proposals seen by market sources, the CBAM will replace the current system of free carbon allowances for metals sectors, and tighten allowances in the European Emissions Trading System generally, a bone of contention for some.
ВЫГОДА ИРАНА: 3.9 MBD
2021, July, 8, 12:35:00
ASIA INDEXES DOWN ANEW
The Hang Seng index (.HSI) led losses with a 1.9% drop, its eighth consecutive session in the red, with more falls in internet giants Tencent (0700.HK), Meituan (3690.HK) and Alibaba (9988.HK) as the sector reels from sweeping Chinese regulatory scrutinty.
All Publications »