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2019-03-18 13:20:00

OPEC+ WILL CUT

OPEC+ WILL CUT

REUTERS- Saudi Arabia's energy minister said on Monday that he was confident that OPEC and its non-OPEC partners will reach full conformity with cuts, and even exceed it, in weeks to come.

Inventory levels and oil investments are the main factors guiding the group's action, Khalid al-Falih told reporters in Baku.

Oil industry estimates show that $11 trillion in investments will be needed over the coming two decades to meet demand growth, he said.

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Earlier:

OPEC+ WILL CUT
2019, March, 13, 11:45:00
OIL PRICE: NEAR $67
Oil prices rose on Wednesday, pushed up by ongoing supply cuts from producer cartel OPEC and U.S. sanctions against Iran and Venezuela.
OPEC+ WILL CUT
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+ WILL CUT
2019, March, 11, 11:55:00
OIL PRICE: NEAR $66 YET
Oil prices edged up on Monday after Saudi oil minister Khalid al-Falih said an end to OPEC-led supply cuts was unlikely before June, while a report showed U.S. drilling activity fell for a third straight week.
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Tags: OPEC, RUSSIA, OIL, PRICE, PRODUCTION
Chronicle:
OPEC+ WILL CUT
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+ WILL CUT
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+ WILL CUT
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+ WILL CUT
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+ WILL CUT
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+ WILL CUT
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+ WILL CUT
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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