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2019-04-08 11:40:00

OPEC'S OIL PRODUCTION DOWN 570 TBD

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.

The 14-country block pumped 30.23 million b/d in the month, the lowest in more than four years, with crisis-hit Venezuela contributing most to the decline.

Once OPEC's third-largest crude producer…

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Earlier:

OPEC'S OIL PRODUCTION DOWN 570 TBD
2019, April, 5, 10:55:00
OIL PRICE: NEAR $70 YET
Oil prices fell on Friday, with Brent slipping away from the $70 mark reached the previous day, pulled down by worries about progress in the U.S.-China trade talks.
OPEC'S OIL PRODUCTION DOWN 570 TBD
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”,
OPEC'S OIL PRODUCTION DOWN 570 TBD
2019, March, 25, 11:35:00
OPEC SUPPORTS STABILITY
The JMMC reiterated the critical role that the “Declaration of Cooperation” has played in supporting oil market stability since December 2016 and took note of the expressed commitment of all participating countries to ensure that such stability continues on a sustainable basis, as overall conformity reached almost 90% for the month of February 2019, which is up from 83% in the month of January.
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Tags: OPEC, OIL, PRODUCTION, PRICE
Chronicle:
OPEC'S OIL PRODUCTION DOWN 570 TBD
2020, February, 21, 12:08:00
GAS & LNG MARKETS, CONTRACTS & PRICING WORKSHOP
Singapore – Due to popular demand, the highly requested Gas & LNG Markets, Contracts & Pricing workshop is coming back to Singapore from 16th to 20th March 2020.
OPEC'S OIL PRODUCTION DOWN 570 TBD
2020, February, 21, 12:00:00
NORWAY'S JANUARY PETROLEUM PRODUCTION 1.963 MBD
Norway's Preliminary production figures for January 2020 show an average daily production of 1 963 000 barrels of oil, NGL and condensate
OPEC'S OIL PRODUCTION DOWN 570 TBD
2020, February, 21, 11:55:00
FRANCE'S NUCLEAR CHANGES
France's Fessenheim nuclear reactor, on the border with Germany, will be shut down at the end of June
OPEC'S OIL PRODUCTION DOWN 570 TBD
2020, February, 21, 11:50:00
NETHERLANDS RENEWABLE INVESTMENT €5 BLN
The Netherlands is the European country with the lowest share of renewable in its energy mix with only 7.4% in 2018.
OPEC'S OIL PRODUCTION DOWN 570 TBD
2020, February, 21, 11:45:00
PETROBRAS NET INCOME $10.2 BLN
Petrobras highlights of the 2019 result: - Adjusted EBITDA was US$ 32.7billion, an increase of 3.8% in relation to 2018, due to lower production costs and lower contingencies. - Net income reached US$ 10.2 billion, mainly reflecting gains with asset sales. - The adjusted net debt / LTM Adjusted EBITDA ratio increased to 2.41x, applying the effects of IFRS 16, from 2.20x in 2018. Once these effects were eliminated, the index would have been 1.95x. - The remuneration to shareholders in the form of dividends and interest on capital was R$ 10.6 billion, equivalent to R$ 0.73 per common andR$ 0.92 per preferred share in circulation.
OPEC'S OIL PRODUCTION DOWN 570 TBD
2020, February, 21, 11:40:00
AUSTRALIA'S SANTOS NET PROFIT $674 MLN
Santos has delivered strong financial results with EBITDAX1 up 14% to a record US$2.5 billion and free cash flow1 up 13% to over US$1.1 billion. Reported net profitafter tax increased by 7% to US$674 million.
OPEC'S OIL PRODUCTION DOWN 570 TBD
2020, February, 21, 11:35:00
NOVATEK'S PROFIT: +430%
Profit attributable to shareholders of PAO NOVATEK increased to RR 865.5 billion (RR 287.39 per share), or 5.3 times, as compared to 2018.
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