April 2019

Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela.

Total world demand for the year is now expected to reach 99.91 mb/d and exceed the 100.00 mb/d threshold during 2H19. OECD oil demand growth is projected to reach 0.21 mb/d, with OECD Americas leading the increase, while oil demand in the non-OECD region is projected to rise by around 1.0 mb/d, with Other Asia and China being the primary contributors to growth.

Стратегическая цель России в нефтегазовой отрасли - увеличить долю на мировом рынке СПГ с 8% до 15-20% к 2035 году, а также ускорить газификацию регионов, расширить использование природного газа как газомоторного топлива и производство в секторе нефтегазохимии, поделился планами Александр Новак.

“Russia will not increase its output unless in coordination with the rest of OPEC and OPEC+ countries,” Mazroui said. “I believe in the wisdom of Russia, and I believe that Russia has benefited from this agreement... I don’t see any reason for Russia not to continue with us.”

Production by OPEC countries in March was 2.2 mb/d lower than in November and now there is uncertainty concerning Libya. Production by non-OPEC producers in 1Q19 was 0.7 mb/d lower than in 4Q18.

With this weakness expected to persist into the first half of 2019, our new World Economic Outlook (WEO) projects a slowdown in growth in 2019 for 70 percent of the world economy. Global growth softened to 3.6 percent in 2018 and is projected to decline further to 3.3 percent in 2019.

India is witnessing a listless growth in electricity demand, possibly signalling more slowdown in Asia’s third-largest economy.

Gazprom would be able to honor its minimum contractual commitments to EU customers without Nord Stream 2 or Ukrainian gas transit from January 1, 2020

Royal Dutch Shell has decided to exit a Baltic liquefied natural gas (LNG) project led by Russian state gas major Gazprom on the Russian Baltic coast.

The parties discussed key areas of cooperation between the companies, including gas supplies and the ongoing construction of the Nord Stream 2 gas pipeline.