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2019-04-10 11:25:00

OIL MARKET HEALTH

OIL MARKET HEALTH

AB - Oil markets are "healthy," eliminating the need for Saudi Arabia to increase its deeper-than-agreed production cuts, the kingdom's energy minister has said.

Saudi Arabia is leading OPEC and partners including Russia in cutting production to shore up prices.

Oil is up about 30 percent this year after the strongest quarterly performance in five years.

But the group, known as OPEC+, remains committed to reducing an inventory glut which is still 70 million to 80 million barrels too high, Khalid Al-Falih said.

The kingdom will pump about 9.8 million barrels a day in March and April and export less than 7 million barrels daily in both months, Al-Falih said in March.

Saudi Arabia has a production target of 10.3 million barrels a day.

OPEC+ plans a meeting in May to assess the group's compliance. This will be a "key" gathering, Al-Falih said, but it's still "premature" to decide whether they will extend oil cuts into the second half of 2019.

"We are driven by inventories," he said, and OPEC+ will agree on what to do next during its June meeting.

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Earlier:

OIL MARKET HEALTH
2019, April, 8, 12:10:00

OIL PRICE: ABOVE $70

Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well as strong U.S. jobs data.

OIL MARKET HEALTH
2019, April, 8, 11:40:00

OPEC'S OIL PRODUCTION DOWN 570 TBD

PLATTS - OPEC in March tightened the oil market considerably, slashing 570,000 b/d from its February output level, as Saudi Arabia continued to implement production cuts and Venezuela suffered from extensive power outages on top of US sanctions, an S&P Global Platts survey found.

OIL MARKET HEALTH
2019, April, 8, 11:00:00

U.S. RIGS UP 19 TO 1,025

BHGE - U.S. Rig Count is down 10 rigs from last week to 1,006, with oil rigs down 8 to 816, gas rigs down 2 to 190, and miscellaneous rigs unchanged at 0.Canada Rig Count is down 17 rigs from last week to 88, with oil rigs down 14 to 35 and gas rigs down 3 to 53.

OIL MARKET HEALTH
2019, April, 3, 11:25:00

РОССИЯ СНИЗИЛА ДОБЫЧУ

"К началу апреля Россия, как и планировалось, вышла на оговоренный уровень сокращения: по итогам марта добыча относительно октября 2018 года снизилась на 130 тбс с учетом СРП и на 153 тбс без учета СРП, относительно декабря 2018 года - на 180 тбс с учетом СРП и 230 тбс без учета СРП”,

OIL MARKET HEALTH
2019, April, 3, 11:10:00

ЦЕНА URALS: $ 63,17

МИНФИН РОССИИ - Средняя цена нефти марки Urals по итогам января – марта 2019 года составила $ 63,17 за баррель. В 2018 году средняя цена на Urals в январе – марте составила $ 65,22 за баррель. Средняя цена на нефть марки Urals в марте 2019 года сложилась в размере $ 65,98 за баррель, в феврале 2018 года - $ 63,68 за баррель.

OIL MARKET HEALTH
2019, April, 1, 11:35:00

OIL PRICE: THE FASTEST UP

Oil prices rose about 1 percent on Friday, posting their biggest quarterly rise in a decade.

OIL MARKET HEALTH
2019, March, 15, 10:40:00

OPEC: OIL DEMAND GROWTH LESS

In 2018, world oil demand is estimated to have grown by 1.43 mb/d, down by 0.04 mb/d from the previous estimate amid downward revisions in both OECD and non-OECD regions.

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Tags: OIL, INVENTORIES, STOCKS, PRICES

Chronicle:

OIL MARKET HEALTH
2019, April, 17, 11:20:00

U.S. PRODUCTION: OIL + 80 TBD, GAS + 907 MCFD

U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 80,000 b/d month-over-month in April from 8,380 to 8,460 thousand barrels/day , gas production to increase 907 million cubic feet/day from 78,930 to 79,837 million cubic feet/day .

OIL MARKET HEALTH
2019, April, 17, 11:15:00

EUROPE'S GAS PIPELINES RULES

The rules governing the EU's internal gas market will in future also apply to pipelines to and from third countries. The Council today formally adopted an amendment to the so-called gas directive which aims at closing a legal gap in the EU's regulatory framework and boosting competition in the gas market. This is the final step in the legislative process.

OIL MARKET HEALTH
2019, April, 17, 11:10:00

RUSSIA'S ARCTIC ENERGY

Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,

OIL MARKET HEALTH
2019, April, 17, 11:05:00

ЯДЕРНЫЕ ТЕХНОЛОГИИ ДЛЯ ЛУЧШЕЙ ЖИЗНИ

А.Е. Лихачёв напомнил, что нынешний форум проходит под девизом «Ядерные технологии для лучшей жизни». Нет такой сферы человеческой деятельности, где так или иначе не присутствовали бы достижения атомной отрасли. «Мирный атом связан и со всеми задачами и целями устойчивого развития, обозначенными ООН. На нынешнем форуме мы обсудим новейшие технологии, которые будут лежать в основе будущего нашей планеты», - подчеркнул А.Е. Лихачёв.

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