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2019-04-12 11:45:00

RUSSIA COMMITTED TO OPEC+

RUSSIA COMMITTED TO OPEC+

REUTERS - United Arab Emirates' energy minister said on Wednesday that Russia was committed to its oil supply cut agreement with OPEC and would not raise its output unless in coordination with the exporting group.

UAE's Suhail bin Mohammed al-Mazroui also said that compliance with the cuts by both Russia and OPEC's second largest producer Iraq has increased in March, adding that he expected the oil market to achieve balance by the end of 2019.

"Russia will not increase its output…

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RUSSIA COMMITTED TO OPEC+
2019, April, 10, 11:35:00
OIL PRICES 2019-20: $65-$62
Brent crude oil spot prices averaged $66 per barrel (b) in March, up $2/b from February 2019. Brent prices for the first quarter of 2019 averaged $63/b, which is $4/b lower than the same period in 2018. Despite lower crude oil prices than last year, Brent prices in March were $9/b higher than in December 2018, marking the largest December-to-March price increase since December 2011 to March 2012.
RUSSIA COMMITTED TO OPEC+
2019, April, 10, 11:25:00
OIL MARKET HEALTH
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.
RUSSIA COMMITTED TO OPEC+
2019, April, 10, 11:20:00
GLOBAL OIL STOCKS 2.88 BBL
According to OPEC's latest monthly oil market report, global oil inventories stood at 2.88 billion barrels in January, about 19.1 million barrels above the five-year average that OPEC is targeting with its current output policy.
RUSSIA COMMITTED TO OPEC+
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”,
RUSSIA COMMITTED TO OPEC+
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.
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Tags: OIL, PRODUCTION, PRICES, OPEC, RUSSIA
Chronicle:
RUSSIA COMMITTED TO OPEC+
2019, June, 18, 17:15:00
U.S. INDUSTRIAL PRODUCTION UP 0.4%
Industrial production rose 0.4 percent in May after falling 0.4 percent in April. The indexes for manufacturing and mining gained 0.2 percent and 0.1 percent, respectively, in May; the index for utilities climbed 2.1 percent. At 109.6 percent of its 2012 average, total industrial production was 2.0 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector moved up 0.2 percentage point in May to 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972–2018) average.
RUSSIA COMMITTED TO OPEC+
2019, June, 17, 13:25:00
OIL PRICE: ABOVE $61 ANEW
Brent futures fell 25 cents, or 0.4%, to $61.76 a barrel by 0750 GMT, having gained 1.1% on Friday. U.S. West Texas Intermediate (WTI) crude futures were down 22 cents, or 0.4%, at $52.29, having firmed by 0.4% in the previous session.
RUSSIA COMMITTED TO OPEC+
2019, June, 17, 12:55:00
OIL DEMAND GROWTH 1.2 - 1.4 MBD
The OECD sees global GDP growth rebounding to 3.4% in 2020, assuming that trade disputes are resolved and confidence rebuilds. This suggests that global oil demand growth will have scope to recover from 1.2 mb/d in 2019 to 1.4 mb/d in 2020.
RUSSIA COMMITTED TO OPEC+
2019, June, 17, 12:50:00
ENERGY NEED INVESTMENT
At the G20 Ministerial Meeting, which saw ministers of energy and environment meet in Japan, Saudi Arabia's Energy Minister Khalid Al-Falih said that strategic investments should be made to ensure the future energy mix is optimal, including conventional energy sources as well as new sources of energy, to ensure that the supply of energy is abundant, affordable, accessible and sustainable.
RUSSIA COMMITTED TO OPEC+
2019, June, 17, 12:45:00
ENERGY SECURITY COOPERATION
"Today about 18 million barrels of oil on a daily basis flows through this choke point coming from Saudi Arabia, emirates and other countries to China, Japan, India and other Asian customers." "But at the same time it is a major route for LNG, liquefied natural gas. About 30% of LNG goes through this strait, coming again to Japan, South Korea, and other Asian countries."
RUSSIA COMMITTED TO OPEC+
2019, June, 17, 12:40:00
AUSTRALIA'S LNG FOR CHINA
Australia supplied over 53% of China’s LNG imports during the first five months of 2019, shipping data in Refinitiv showed, up from around 40% in 2016 when a previous round of new Australian export projects started to ramp up.
RUSSIA COMMITTED TO OPEC+
2019, June, 17, 12:35:00
COAL FOR JAPAN
Japan imported more than 210 million short tons (MMst) of coal in 2018, making it the world’s third-largest coal-importing country after only India and China. Japan continues to use steam coal to fuel one-third of its electricity generation and metallurgical coal for raw steel production.
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