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.

2018-06-04 13:40:00

OIL NEED INVESTMENT

OIL NEED INVESTMENT

BLOOMBERG - OPEC and its allies in the global oil output cuts stressed the need to maintain their cooperation to stimulate adequate investments to ensure stable oil supply.

Energy ministers from Saudi Arabia, the United Arab Emirates, Kuwait, Algeria and Oman held an unofficial consultative meeting on Saturday in Kuwait City, the Kuwait News Agency reported, citing a statement from the joint ministerial monitoring committee of OPEC and non-OPEC countries. They discussed market conditions and the producers' compliance with the global output cuts, it said.

The ministers "emphasized the need for healthy market conditions that stimulate adequate investments in the energy sector, in order to ensure stable oil supplies are made available in a timely manner to meet growing demand and offset declines in some parts of the world," according to the statement issued Sunday.

The meeting took place after the Saudis and Russia announced a new policy to revive oil production. Most other producers weren't consulted about the proposal and oil prices fell after the news. The Organization of Petroleum Exporting Countries and allied producers, including Russia and Oman, are due to meet at the end of June in Vienna to discuss the output cuts agreement, which is currently due to run for the rest of this year.

Russia's Energy Minister Alexander Novak said that his country remains "fully committed" to keeping balance in the oil market. Russia's compliance with the output quota the global cuts deal was 95 percent in May, Novak said in a statement late Saturday. Russia and Venezuela, which are both members of the monitoring committee, didn't attend the meeting in Kuwait City.

The ministers at the Kuwait City meeting "called for sustaining the current partnership in order to continuously adapt to ongoing market dynamics, in pursuit of the interests of consumers and producers whilst promoting healthy global economic growth," according to the statement.

"The ministers discussed overall market developments and took stock of healthy global oil demand growth," it said.

-----

Earlier:

 Investments
2018, June, 1, 09:15:00

EXXON'S INVESTMENT $200 BLN

BLOOMBERG - Exxon is planning to invest more than $200 billion in major oil and gas projects around the world over seven years, a signal that growth carries a bit more weight in company plans.

 Investments
2018, May, 30, 14:00:00

UNDERINVESTMENT GLOBAL OIL

REUTERS - The global oil industry should ramp up investment to ensure it can cope with future consumption growth and avoid supply shortages, OPEC Secretary-General Mohammad Barkindo told a conference in Baku.

 Investments
2018, May, 30, 13:55:00

GLOBAL INVESTMENT UP, DEBT DOWN

EIA - Financial Review of the Global Oil and Natural Gas Industry: 2017 - Brent crude oil daily average prices were $54.75 per barrel in 2017—21% higher than 2016 levels - Excluding proved reserve acquisitions, upstream costs incurred increased from 2016 levels but remained lower than 2008–15 levels - Proved reserves additions in 2017 approached the highest levels in the 2008–17 period - Finding plus lifting costs fell to $29 dollars per barrel of oil equivalent in 2017, the lowest level in the 2008–17 period - The energy companies reduced debt in 2017, the first year in the 2008–17 period - Refiners with global refining assets reduced distillation capacity for the eighth consecutive year

 Investments
2018, May, 23, 10:15:00

NO OIL FUTURE 2040

BLOOMBERG - Natural gas will probably emerge as the main fossil fuel “winner” as it balances renewables in power generation and is used as a substitute for oil in petrochemicals. Long-term gas demand is set to increase by 15 percent, or by 750 billion cubic meters, compared to business as usual,

 Investments
2018, April, 18, 13:02:00

KUWAIT'S INVESTMENT $113 BLN

AOG - Kuwait plans to invest $113bn over the next five years to enhance oil exploration and production activities both inside and outside the country

 Investments
2018, April, 9, 11:40:00

ИНВЕСТИЦИОННЫЙ ПОТЕНЦИАЛ РОССИИ

МИНЭНЕРГО РОССИИ - «Своевременно приняты налоговые меры стимулировании добычи позволил нам освоить, новые удаленные регионы, шельф, существенно нараститьдобычу ТРИЗов т.е. те категории запасов, которые раньше были экономически нерентабельны. В этот период мы сделали большой шаг в сторону реализации нашего СПГ потенциала. СПГ. Существенно обновили и расширили наши инфраструктурные возможности. Объем ежегодных инвестиций в нефтегазовый сектор вырос более чем в 2 раза за последние 6 лет. Продолжилась газификация страны, развивается рынок газомоторного топлива», - сообщил Александр Новак.

 Investments
2018, March, 30, 11:30:00

ЭНЕРГИЯ РУССКОЙ АРКТИКИ

МИНЭНЕРГО РОССИИ - В Арктической зоне России сосредоточены значительные извлекаемые запасы углеводородного сырья: по нефти и газовому конденсату - почти четверть общероссийских запасов, по газу - более 70 процентов. В 2017 году в Арктике было добыто 96,2 миллиона тонн нефти (прирост на 3,8 процента к 2016 году) и 568,9 миллиарда кубометров газа (прирост на 9,6 процента).

Tags: OIL, INVESTMENT

Chronicle:

OIL NEED INVESTMENT
2018, November, 19, 11:20:00

U.S. SECURITIES OUTFLOW $29.1 BLN

U.S. DT - The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC outflow of $29.1 billion. Of this, net foreign private inflows were $23.5 billion, and net foreign official outflows were $52.7 billion.

OIL NEED INVESTMENT
2018, November, 19, 11:15:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially.

OIL NEED INVESTMENT
2018, November, 19, 11:10:00

GREEN NUCLEAR ENERGY

WNN - "nuclear energy is a "mature, low greenhouse gas emission source of baseload generation that could make an increasing contribution to global development based on low-carbon energy supply".

OIL NEED INVESTMENT
2018, November, 19, 11:05:00

SAUDIS, PAKISTAN INVESTMENT: $6 BLN

ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.

All Publications »