RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-05-02 16:55:00

OPEC + IRAN, VENEZUELA

OPEC + IRAN, VENEZUELA

PLATTS - OPEC and other oil producers in the cuts pact are following developments in Venezuela and other countries to ensure an energy crisis is avoided, Secretary General Mohammed Barkindo said Thursday.

"Our objective remains as an organization that we will continue to work with all member countries as well as the participating countries in the declaration of cooperation to avoid any energy crisis in the world despite current travails in several of our member countries," Barkindo told journalists in Tehran, referring to the agreement by OPEC and other producers led by Russia to reduce oil output.

With two OPEC members under sanctions, Iran and Venezuela, "we are conscious of the times that we have found ourselves. But the good news is that talking to all member countries we remain committed, we remain focused on our principal objective as an organization to ensure stability at all times in n the oil market, to ensure that we avoid any energy crisis that will impact on the global economy."

In accordance with the organization's plans to draw down inventories and remove 1.2 million b/d from global markets, OPEC canceled a meeting in April to re-evaluate its policy and its next meeting -- a Joint Ministerial Monitoring Committee meeting -- will take place on May 19 on Jeddah. The next full OPEC meeting is scheduled for June when "all options will be reviewed," Barkindo said.

"All I can say is that the group is committed to stay united, is committed to ensure that our objective of not returning or slipping back into the chaos that we witnessed in the market following the longest cycle that we have seen from 2014 to 2016 does not repeat itself, including the volatility that we have seen in the fourth quarter of 2018," he said.

-----


Earlier:

OPEC + IRAN, VENEZUELA
2019, April, 29, 12:00:00
OIL PRICE: ABOVE $71 ANEW
Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.
OPEC + IRAN, VENEZUELA
2019, April, 29, 11:30:00
OIL PRICE: WILL BE $100
"Not extending the oil waivers of some countries is another side of the US measures against Iran. But if Iran's oil is fully sanctioned, oil price will go higher than $100 per barrel,"
OPEC + IRAN, VENEZUELA
2019, April, 26, 11:25:00
OIL PRICES 2019-20: $66 - $65
Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020,
OPEC + IRAN, VENEZUELA
2019, April, 24, 11:30:00
OIL MARKET IS FINE
The International Energy Agency is monitoring developments in global oil markets, and notes that markets are now adequately supplied, and that global spare production capacity remains at comfortable levels.
OPEC + IRAN, VENEZUELA
2019, April, 24, 11:25:00
OIL PRICE: OPEC + IRAN
OPEC is due to meet in June, where the Iran question will no doubt be raised. But oil and gas leaders are taking a cautious approach, with Kuwait's oil minister Khaled Al Fadhel noting that a decision would be taken only after a review of oil prices.
OPEC + IRAN, VENEZUELA
2019, April, 24, 11:20:00
OIL PRICE: OPEC + RUSSIA
the risk of oil prices heading well above $70/b to the oil market and the global economy, while also saying that if prices were too low it would hit investment in the industry and key oil producing countries.
OPEC + IRAN, VENEZUELA
2019, April, 12, 11:55:00
2019 GLOBAL OIL DEMAND EXCEED 100 MBD
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.
All Publications »
Tags: OIL, PRICE, OPEC, IRAN, VENEZUELA
Chronicle:
OPEC + IRAN, VENEZUELA
2021, September, 17, 11:47:00
ENERGY TRANSITION TO CARBON NEUTRALITY AS A FACTOR OF UNPRECEDENTED ACCELERATION OF GLOBAL WARMING
The article reveals the reasons for the unprecedented acceleration of global warming, which was reported by the IPCC in the report "Climate Change 2021", offers proposals for their elimination, as well as for eliminating their consequences.
OPEC + IRAN, VENEZUELA
2021, September, 17, 11:45:00
NO NUCLEAR FOR SPAIN
Under Spain's nuclear phase-out policy, its nuclear fleet is scheduled to shut down by 2035.
OPEC + IRAN, VENEZUELA
2021, September, 17, 11:40:00
WIND ENERGY FOE CHILE 980 MW
The US$700m project, which is expected to generate 2 TWh/year, will include 140 turbines with a maximum power of 7 MW.
OPEC + IRAN, VENEZUELA
2021, September, 17, 11:35:00
U.S. OIL INVENTORIES DOWN BY 6.4 MB TO 417.4 MB
U.S. commercial crude oil inventories decreased by 6.4 million barrels from the previous week to 417.4 million barrels.
OPEC + IRAN, VENEZUELA
2021, September, 16, 14:00:00
OIL PRICE: ABOVE $75
Brent was up 11 cents, or 0.2%, to $75.57 a barrel, WTI was up 11 cents, or 0.2%, to $75.57 a barrel.
OPEC + IRAN, VENEZUELA
2021, September, 16, 13:50:00
EUROPEAN CLIMATE ADAPTATION
Adaptation measures include flood prevention measures and renovating buildings to make them more resilient to extreme temperature. The changes required vary across the continent, but recent events have shown that climate change poses a threat to Europe’s cities.
OPEC + IRAN, VENEZUELA
2021, September, 16, 13:45:00
GAS IS A KEY
Despite adaptations of new fuels and technologies to help achieve the net-zero goal, natural gas will continue to play a vital function for the foreseeable future.
All Publications »