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2019-06-04 15:25:00

2018 OIL PRODUCTION +1.213 MBD

2018 OIL PRODUCTION +1.213 MBD

OPECOPEC launches 2019 Annual Statistical Bulletin

Some of the highlights from the 2019 ASB include:

  • Total world crude oil production increased sharply in 2018 by 1.213 million barrels/day (mb/d), or 1.6%, as compared to 2017, to reach 75.78 mb/d, marking a historical high and the…

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Earlier:

2018 OIL PRODUCTION +1.213 MBD
2019, June, 3, 12:50:00
OIL PRICE: ABOVE $60
Front-month Brent crude futures were at $60.96 at 0844 GMT, down $1.03 or 1.7% below Friday’s close. Prices had dropped by more than 3% on Friday, with May recording the biggest monthly loss in six months. U.S. West Texas Intermediate (WTI) crude futures were at $52.98 per barrel, down 52 cents, or 1%.
2018 OIL PRODUCTION +1.213 MBD
2019, June, 3, 12:45:00
OPEC+ OIL CONSENSUS
Saudi Arabia produced 9.65 million barrels per day (bpd) of oil in May, a Saudi industry source said, a deeper cut than its target set by the Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+.
2018 OIL PRODUCTION +1.213 MBD
2019, June, 3, 12:35:00
ARAMCO'S OIL PRICES DIFFERENCES
Aramco hiked the July price differential for its flagship Arab Light grade by 60 cents/b to a premium of $2.70/b to the average of Oman/Dubai, the highest since January 2014, when it was a premium of $3.75/b to Oman/Dubai.
2018 OIL PRODUCTION +1.213 MBD
2019, May, 30, 18:20:00
DIVERSIFICATION IS IMPORTANT
To put these two things together, the shale oil affecting both the volume of export and the price, plus the developments in clean technologies, tell me that for those countries who meet in Vienna, it has never been more important for them to diversify their economies. We have seen in Algeria, for example, one of the main reasons is the low oil price and the impact on the economy, and the same with Venezuela and elsewhere.
2018 OIL PRODUCTION +1.213 MBD
2019, May, 24, 10:20:00
OPEC+ COMPLIANCE 168%
Although compliance to the cuts had a slow start, OPEC's JMMC noted in a press release following their meeting in Jeddah, Saudi Arabia, that compliance had hit a record high of 168% in April 2019. Average conformity reached 120% since January 2019.
2018 OIL PRODUCTION +1.213 MBD
2019, May, 20, 11:25:00
IRAN'S OIL EXPORTS DOWN
Iran has sent abroad between 250,000 bpd and 500,000 bpd of oil so far in May, according to two industry sources who track the flows. Data from Refinitiv Eikon put crude shipments at about 250,000 bpd and exports of crude and condensate, a light oil, at about 400,000 bpd.
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Tags: OPEC, OIL, PRICE, PRODUCTION
Chronicle:
2018 OIL PRODUCTION +1.213 MBD
2021, January, 19, 13:34:00
Лидеры гидроэнергетики Узбекистана, Грузии, Турции, Казахстана, России соберутся в Ташкенте 17-18 февраля 2021
Ключевые игроки индустрии гидроэнергетики Узбекистана, Грузии, Турции, Казахстана, России и других стран соберутся в 17-18 февраля в Ташкенте. Встреча пройдет в рамках 5-го ежегодного международного конгресса и выставки «Гидроэнергетика Центральная Азия и Каспий 2021».
2018 OIL PRODUCTION +1.213 MBD
2021, January, 19, 13:33:00
5TH ANNUAL INTERNATIONAL CONGRESS AND EXIBITION "HYDROPOWER CENTRAL ASIA AND CASPIAN 2021"
The 5th Annual International Congress and Exhibition: Hydropower Central Asia and Caspian 2021 is a professional venue for business and government representatives to exchange experience and consolidate efforts for successful development of investment projects on construction and reconstruction/modernisation of hydropower plants in the region.
2018 OIL PRODUCTION +1.213 MBD
2021, January, 19, 13:30:00
SCOTLAND WIND POWER 10 GW
In October 2020, the Scottish government raised its target for offshore wind power capacity by 2030 from 8 GW to 11 GW.
2018 OIL PRODUCTION +1.213 MBD
2021, January, 18, 13:15:00
OIL PRICE: NEAR $55 AGAIN
Brent fell 20 cents, or 0.4%, to $54.90 a barrel. WTI fell 20 cents, or 0.4%, to $54.90 a barrel.
2018 OIL PRODUCTION +1.213 MBD
2021, January, 18, 13:10:00
CHINA'S ECONOMY UP
China gross domestic product grew 2.3% in 2020
2018 OIL PRODUCTION +1.213 MBD
2021, January, 18, 13:05:00
CHINA INDEXES UP
The blue-chip CSI300 index rose 1.1% to close at 5,518.52, while the Shanghai Composite Index gained 0.8% to 3,596.22.
2018 OIL PRODUCTION +1.213 MBD
2021, January, 18, 13:00:00
CHINA OIL THROUGHPUT UP
On a metric tons basis, the December throughput went up 2.8% from November and 2.1% from a year ago to 60 million mt.
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