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!

2019-03-11 11:40:00

BALANCE FOR OIL MARKET

BALANCE FOR OIL MARKET

REUTERS- The United Arab Emirates (UAE) will continue to deliver on crude oil supply cuts under a producer agreement until the global market is re-balanced, Minister of Energy and Industry Suhail al-Mazrouei said on Sunday.

The Organization of the Petroleum Exporting Countries (OPEC)along with major non-OPEC producers such as Russia have pledged to reduce their oil production to cut into a supply glut.

"We will continue to deliver on the OPEC & Non-OPEC commitment for voluntary production adjustments, until the global market is re-balanced," al-Mazrouei said on Twitter.

He also added in another tweet that UAE compliance to cut oil supply for February "will meet, if not exceed, it's obligations. This will help to bring balance and stability to the global oil market."

-----


Earlier:

BALANCE FOR OIL MARKET
2019, March, 4, 11:15:00
МЕНЬШЕ РУССКОЙ НЕФТИ
МИНЭНЕРГО РОССИИ - Как отметил по итогам встречи Александр Новак, Россия полностью выполняет взятые на себя обязательства в соответствии с раннее заявленными планами поэтапного сокращении добычи к концу марта этого года.
BALANCE FOR OIL MARKET
2019, March, 1, 12:15:00
OIL PRICES WILL BE $60-$70
The next 10-15 years will be a period of stable development for the oil industry and prices will remain relatively high at $60-$70/b, the CEO of Lukoil, Russia's second-largest crude producer, said Wednesday.
BALANCE FOR OIL MARKET
2019, March, 1, 12:10:00
OIL PRICES 2019-20: ABOVE $60
Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January of last year.
BALANCE FOR OIL MARKET
2019, February, 27, 09:50:00
РЫНОК НЕФТИ СТАБИЛЕН
МИНЭНЕРГО РОССИИ - “Сегодня мы видим на рынке более-менее спокойную, стабильную ситуацию, невысокую волатильность и более-менее приемлемые цены, которые устраивают и экспортеров, и потребителей. Мы считаем, что благодаря сделке, в первую очередь, достигнута такая стабильность”, - подчеркнул Александр Новак.
BALANCE FOR OIL MARKET
2019, February, 27, 09:45:00
OIL MARKET BALANCE
Abu Dhabi: Energy Minister Suhail Al Mazroui said the oil market is on the “right track” and that the market will quickly return to balance in the first quarter of this year.
BALANCE FOR OIL MARKET
2019, February, 27, 09:40:00
OPEC CONTINUE CUTS
REUTERS - Based on current market data, the so-called OPEC+ group is “likely to continue with the production cuts until the end of the year”, the source told Reuters.
BALANCE FOR OIL MARKET
2019, February, 15, 12:00:00
OPEC REMAINS HARD
PLATTS - "Our primary objective is to ensure that the oil market remains in balance throughout 2019 and beyond in order to build on the success of the past couple of years," added Barkindo.
All Publications »
Tags: OIL, PRICE, PRODUCTION