2018-02-16 23:30:00
SAUDIS - RUSSIA AGREEMENT
FT - Crude producers led by Saudi Arabia and Russia will aim to draft an agreement to formalise their partnership for oil market co-operation by the end of 2018, the UAE's energy minister said.
Opec countries and allies outside of the cartel joined forces in 2017 to curb production and bolster the oil market after a three-year downturn. The 24 nations have pledged to reduce output by 1.8m barrels a day.
Oil officials have said in recent months they sought to institutionalise this alliance beyond the end of 2018 when the current cuts deal expires, but they have not given further details.
Suhail al-Mazrouei, Opec president, told the local National newspaper on Thursday that the charter for the broader group is currently "a work in progress".
He did not elaborate on the nature of the partnership, its purpose or its obligations, but its creation underlines the severity of the recent price crash on oil-rich economies and the need to prevent further falls.
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Earlier:
2018, February, 14, 10:10:00
RUSSIA - OPEC RELATIONSHIPPLATTS - "We understand that global demand for oil will continue to grow rapidly and this demand will need to be met, so we will likely need to work together, including on upstream technology and joint projects to meet this growing demand," Novak said.
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2018, January, 24, 12:15:00
СОГЛАШЕНИЕ ВЫПОЛНЕНО НА 107%МИНЭНЕРГО РОССИИ - АЛЕКСАНДР НОВАК: СОГЛАШЕНИЕ ОПЕК+ ПО ИТОГАМ 2017 ГОДА ВЫПОЛНЕНО НА 107%
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2017, December, 29, 11:35:00
OPEC'S TRIUMPHPLATTS - The issuance of a combined 2.8 million b/d cap on formerly exempt members Libya and Nigeria at the organization's November 30 meeting means that OPEC as a whole now has a notional collective ceiling of 32.74 million b/d, when all the members' quotas are added up. From January-November, compliance was 108% according to S&P Global Platts, one of the six secondary sources used by the organization to monitor output.
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2017, December, 20, 19:35:00
SAUDIS EXPECTS +12%BLOOMBERG - Saudi Arabia expects oil revenue to jump 12 percent next year in a sign the world’s biggest crude exporter expects prices to keep rising in 2018.
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2017, December, 4, 23:10:00
SAUDI ARABIA - RUSSIA COMPROMISEREUTERS - The outcome represents a successful compromise between de facto OPEC leader Saudi Arabia (which wanted to announce an extension throughout 2018) and non-OPEC heavyweight Russia (which wanted to avoid giving such a long commitment).
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2017, December, 1, 13:00:00
СОГЛАШЕНИЕ: МЕНЬШЕ НЕФТИМИНЭНЕРГО РОССИИ - «Мы успешно и конструктивно провели переговоры по продлению сделки. Мы удовлетворены результатами балансировки рынка, сокращением излишков нефти и нефтепродуктов, снижением волатильности цен, а также возврату инвестиционной активности в отрасли. В тоже время мы также единодушно подтвердили то, что мы находимся лишь в середине пути, и для того, чтобы достичь окончательной цели по балансировке рынка, нам нужно продолжить совместные усилия».
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2017, December, 1, 12:55:00
SAUDIS & RUSSIA LEADERSHIPPLATTS - Saudi Arabia reasserted its leadership of the oil market Thursday after brokering its desired extension of output cuts with OPEC and non-OPEC partners through to the end of 2018. The deal -- agreed after nearly nine hours of negotiations in Vienna -- kept its new ally Russia onside and prevented a sell-off that many analysts had feared. |
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December, 17, 10:50:00 |
OIL PRICE: NEAR $60 |
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December, 17, 10:40:00 |
KING SALMAN ENERGY PARK: $6 BLN |
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December, 17, 10:35:00 |
SAUDI ARAMCO, RAYTHEON COOPERATION |
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December, 17, 10:30:00 |
DIGITAL TRANSFORMATION OF ENERGY |
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December, 17, 10:25:00 |
IRAN'S OIL FOR INDIA DOWN |
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December, 17, 10:20:00 |
IRAN'S OIL FOR S.KOREA: ZERO |
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Chronicle:
2018, December, 17, 10:15:00
QATAR'S LNG FOR PAKISTAN
TP - With fast growing demand and expanding gas receiving capacity in Pakistan, the South Asian nation is expected to source more liquefied natural gas (LNG) from Qatar, said the country’s visiting Finance Minister Asad Umar.
2018, December, 17, 10:10:00
QATAR'S INVESTMENT FOR U.S.: $20 BLN
REUTERS - Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state unexpectedly quit OPEC this month.
2018, December, 17, 10:05:00
U.S. INDUSTRIAL PRODUCTION UP 0.6%
U.S. FRB - U.S. industrial production rose 0.6 percent in November after moving down 0.2 percent in October; the index for October was previously reported to have edged up 0.1 percent. In November, manufacturing production was unchanged, the output of mining increased 1.7 percent, and the index for utilities gained 3.3 percent.
2018, December, 17, 10:00:00
U.S. RIGS DOWN 4 TO 1,071
BHGE - U.S. Rig Count is down 4 rigs from last week to 1,071, with oil rigs down 4 to 873 and gas rigs unchanged at 198. Canada Rig Count is down 12 rigs from last week to 174, with oil rigs down 7 to 95 and gas rigs down 5 to 79.