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2018-09-12 11:50:00

OPEC CAN INCREASE

OPEC CAN INCREASE

PLATTS - Russia's energy minister Alexander Novak believes the countries taking part in the OPEC-led production cut deal are capable of increasing the combined crude output further to cover potential shortages in the market and expect oil prices would likely correct down in the upcoming winter season on lower demand.

The comments came amid concerns that OPEC-led alliance may not be able to offer new extra barrels to the markets to cover potential deficit that may…

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Tags: OPEC, RUSSIA, OIL, PRODUCTION, PRICE
Chronicle:
OPEC CAN INCREASE
2019, May, 20, 11:10:00
U.S. OIL PRODUCTION 12.1 MBD
U.S. crude oil production sustained a record-tying 12.1 million barrels per day (mb/d) in April while total petroleum demand was the highest for the month since 2007 at 20.2 million barrels per day.
OPEC CAN INCREASE
2019, May, 20, 11:05:00
U.S. RIGS DOWN 1 TO 987
BHGE - U.S. Rig Count is down 1 rig from last week to 987, with oil rigs down 3 to 802, gas rigs up 2 to 185, and miscellaneous rigs unchanged at 0. Canada Rig Count is unchanged from last week at 63, with oil rigs unchanged at 22 and gas rigs unchanged at 41.
OPEC CAN INCREASE
2019, May, 17, 08:00:00
OIL PRICE: ABOVE $72
July ICE Brent crude futures were up 35 cents/b (0.48%) from Thursday's settle to $72.97/b, while the NYMEX June light sweet crude contract gained 41 cents/b (0.65%) at $63.28/b.
OPEC CAN INCREASE
2019, May, 17, 07:55:00
OIL NEED PEACE
The region needs more peace and stability to ensure the flow of oil supplies, Mohammad Sanusi Barkindo, Secretary-General of the Organisation of the Petroleum Exporting Countries, OPEC, has said, noting that, "Any tension that occurs in the region affects the whole world."
OPEC CAN INCREASE
2019, May, 17, 07:40:00
U.S., CHINA TRADE WAR
“The U.S. and China have a natural supply-demand match when it comes to energy, but China’s increase of retaliatory tariffs to 25 percent poses a threat to U.S. investment in LNG by limiting our share in the world’s fastest growing LNG market,” said Stephen Comstock, API Director. “These retaliatory tariffs dampen the prospects for the growing U.S. LNG investment, hurt U.S. workers, and benefit America’s foreign competitors.
OPEC CAN INCREASE
2019, May, 17, 07:38:00
21ST AFRICA ENERGY FORUM | 11-14TH JUNE | PORTUGAL
The Africa Energy Forum (AEF) is the global investment meeting for Africa’s power, energy, infrastructure and industrial sectors.
OPEC CAN INCREASE
2019, May, 17, 07:35:00
GAZPROM'S SALES DOWN 10%
Gazprom's sales of Russian gas dropped 10% in the first quarter, analysis of quarterly results showed, as sales from storage dipped compared with 2018.
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