Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2018-06-20 13:05:00

IRAN - OPEC DECISION

IRAN - OPEC DECISION

PLATTS - Iran will not accept any proposals for OPEC to raise its quotas, the country's oil minister said Tuesday, adding that even a 500,000 b/d increase "is not necessary."

"Decisions in OPEC need unanimity," Bijan Zanganeh said on arrival in Vienna ahead of OPEC talks this week. "I don't think at this meeting we can reach an agreement."

He said the oil market was in balance for this year, and that current oil prices were acceptable.

OPEC was overcomplying with its cut commitments by about 1 million b/d, he added, so the organization does not need to institute a formal increase in quotas to bring that amount of oil back onto the market.

"I don't agree with any increase," Zanganeh said. "We have no difficulty with this level of price."

OPEC will decide on the future of its output cut agreement Friday, with Saudi Arabia and non-OPEC partner Russia pushing for the producer bloc to roll back its quotas by as much as 1.5 million b/d to make up for any supply gap caused by Venezuela's continued decline and the potential impact of US sanctions on Iran.

The agreement calls on OPEC and 10 non-OPEC allies to cut 1.8 million b/d through the end of the year.

Iran, Venezuela and Iraq have said they are vehemently opposed to any decision to raise production limits.

Iranian government spokesman Mohammad-Bagher Nobakht said earlier Wednesday that Iran's priority at the meeting would be to preserve its current quota of 3.797 million b/d, as it seeks to prepare itself against tough US economic sanctions.

"When it comes to oil, each country considers its own national interest," the spokesman said, as quoted in the oil ministry news service Shana, "our efforts are to preserve our quota in OPEC despite the enemy's plot," he added, referring to the US' withdrawal from the nuclear deal by President Donald Trump.

Iran has been hit by renewed US sanctions that are due to come into force in November, which could potentially reduce output by up to 1 million b/d if tightly enforced.

Iran produced 3.83 million b/d in May, according to the latest S&P Global Platts OPEC survey.

OPEC as a whole produced 31.90 million b/d in May, according to the survey, 840,000 b/d below its ceiling under the deal, when every member's quota is added up.

TRUMP BLAMED FOR RECENT OIL-PRICE INCREASE

Zanganeh said he was not concerned if non-OPEC partners, particularly Russia, would walk away from the deal.

"We don't deal with non-OPEC," he said. "They can do whatever they want."

Zanganeh blamed Trump for causing the recent rise in oil prices through sanctions on Iran and Venezuela.

Trump has tweeted at OPEC to moderate oil prices, and US officials have reached out to Saudi Arabia to loosen its taps.

"President Trump has created a difficulty for the oil market by imposing sanctions against two important founder members of OPEC, and now expects OPEC to change something for the better price in the market," Zanganeh said. "It is not fair. OPEC is not part of the Department of Energy of the United States."

He added that oil "is not a political tool to be used against some countries," and that OPEC should remain apolitical in its pursuit of stable oil markets.

-----

Earlier:

 C.Asia
2018, June, 15, 11:05:00

INDIA - IRAN OIL IMPORTS

REUTERS - India’s oil imports from Iran surged to about 705,000 barrels per day (bpd) in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of fresh U.S. sanctions.

 C.Asia
2018, June, 13, 13:00:00

CHINA - IRAN PARTNERSHIP

PLATTS - China and Iran have agreed to strengthen strategic cooperation during Iranian President Hassan Rouhani's visit to China, possibly paving the way for steady crude flows between the two countries.

 C.Asia
2018, June, 8, 12:55:00

VENEZUELA IRAN SANCTIONS

BLOOMBERG - Venezuela wrote to fellow OPEC members urging them to unite against U.S. sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter.

 C.Asia
2018, June, 4, 13:35:00

IRAN'S OIL EXPORTS 2.7 MBD

SHANA - The country exported 2.4 mbd of crude oil and 300,000 b/d of gas condensate, ultra light crude oil, during May.

 

 

 C.Asia
2018, June, 4, 13:30:00

IRAN NEEDS SUPPORT

SHANA - The Iranian Minister of Petroleum further stressed that should the sanctions lead to any reduction in the oil market share of the I.R. Iran, Tehran, once the illegal limitations were resolved, reserves the right to return to its oil market share in the shortest possible time and resume its normal production-level and that it would not accept any limitations in that regard.

 C.Asia
2018, May, 21, 10:50:00

EU - IRAN COOPERATION

IRNA - since banning Iran’s oil exports was the first sanction imposed by the US, in their statement, Europeans has put extra emphasis on the continued sale of Iran’s oil and gas condensate petroleum products and petrochemicals and related transfers.

 C.Asia
2018, May, 7, 08:35:00

IRAN NEEDS REASONABLE PRICE

SHANA - Iranian Minister of Petroleum Bijan Zangeneh said Tehran preferred "reasonable" price for crude oil in a bid to avoid market instability.

 

Tags: IRAN, OPEC, RUSSIA, OIL, PRODUCTION, PRICE
IRAN - OPEC DECISION September, 21, 11:00:00

OIL PRICE: NEAR $79 STILL

IRAN - OPEC DECISION September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

IRAN - OPEC DECISION September, 21, 10:45:00

UNEXPECTED OIL PRICES

IRAN - OPEC DECISION September, 21, 10:40:00

OIL MARKET UNCERTAINTY

IRAN - OPEC DECISION September, 21, 10:35:00

OPEC-NON-OPEC DECISIONS

IRAN - OPEC DECISION September, 21, 10:30:00

U.S. CAPITAL EXPENDITURES UP

All Publications »

Chronicle:

IRAN - OPEC DECISION
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

IRAN - OPEC DECISION
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

IRAN - OPEC DECISION
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

IRAN - OPEC DECISION
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

All Publications »