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2019-03-18 13:15:00

OPEC+ JOB NOT ENOUGH

OPEC+ JOB NOT ENOUGH

 

REUTERSSaudi Arabia said on Sunday OPEC's job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signaling it may need to expand output cuts into the second half of 2019.

Russia, which is cutting oil output in tandem with OPEC, also said production cuts would stay in place at least until June, when Washington's next steps on reducing Iran's and Venezuela's oil exports become clearer.

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Earlier:

OPEC+ JOB NOT ENOUGH
2019, March, 13, 11:30:00
OIL PRICES 2019-20: $63-$62
Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last year.
OPEC+ JOB NOT ENOUGH
2019, March, 11, 11:40:00
BALANCE FOR OIL MARKET
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.
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Tags: OPEC, OIL, RUSSIA, PRODUCTION
Chronicle:
OPEC+ JOB NOT ENOUGH
2019, October, 18, 11:25:00
ROSNEFT, CHEVRON FOR VENEZUELA
During a meeting in Moscow last month, Russian President Vladimir Putin and Venezuelan President Nicolas Maduro, who has already threatened to nationalize Chevron's assets, discussed the possibility of Rosneft taking over Chevron's Venezuelan operations, sources said.
OPEC+ JOB NOT ENOUGH
2019, October, 18, 11:20:00
UAE INVESTMENT FOR INDIA $4 BLN
This is the next step of BASF’s and Adani’s investment plans as announced in January 2019. With the inclusion of ADNOC and Borealis as potential partners, the parties are examining various structuring options for the chemical complex that will leverage the technical, financial and operational strengths of each company. The total investment is estimated to be up to US$4 billion.
OPEC+ JOB NOT ENOUGH
2019, October, 18, 11:15:00
SANTOS REVENUE $1 BLN
Record quarterly production and sales volumes • Third quarter production of 19.8 mmboe was a record for Santos and 32% up on the corresponding quarter • Production was 7% higher than the second quarter with higher production from all Australian assets • Record sales volumes of 25.2 mmboe were 25% higher than the corresponding quarter • Sales revenue of $1,030 million was the second highest quarterly revenue on record
OPEC+ JOB NOT ENOUGH
2019, October, 18, 11:10:00
U.S. INDUSTRIAL PRODUCTION DOWN 0.4%
Industrial production fell back 0.4 percent in September after advancing 0.8 percent in August. For the third quarter, industrial production rose at an annual rate of 1.2 percent following declines of about 2 percent in both the first and the second quarters.
OPEC+ JOB NOT ENOUGH
2019, October, 18, 11:05:00
BAKER HUGHES CHANGES NAME
Baker Hughes, a GE company (NYSE: BHGE) announced today its successful name change to Baker Hughes Company. The Company will be known as Baker Hughes, and on Oct. 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”.
OPEC+ JOB NOT ENOUGH
2019, October, 16, 13:25:00
OIL PRICE: NEAR $59 ANEW
Brent slipped 16 cents to $58.58 a barrel, WTI gained 2 cents to $52.83.
OPEC+ JOB NOT ENOUGH
2019, October, 16, 13:05:00
RELATIONS OF RUSSIA, SAUDI ARABIA
The expansion of interaction with our Saudi partners along the entire chain of cooperation for us, in essence, is the creation of a new alliance in order to maintain our competitiveness in world markets and to develop the national and world energy in general.
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