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2019-06-03 12:45:00

OPEC+ OIL CONSENSUS

OPEC+ OIL CONSENSUS

REUTERS - Saudi Energy Minister Khalid al-Falih said consensus was emerging among the OPEC+ group of oil producers to continue working towards oil market stability in the second half of the year, the Saudi-owned Arab News newspaper reported on Monday.

Oil prices in May sustained their worst monthly fall in six months on worries that trade disputes would hit demand for crude.

Saudi Arabia produced 9.65 million barrels per day (bpd) of oil in May, a Saudi industry source said, a…

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Earlier:

OPEC+ OIL CONSENSUS
2019, May, 31, 12:35:00
OIL PRICE: NEAR $65
Front-month Brent crude futureswere at $65.72 at 0844 GMT, down $1.15 from last session’s close. WTI crude futures were at $55.85 per barrel, down 74 cents from their last settlement.
OPEC+ OIL CONSENSUS
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.
OPEC+ OIL CONSENSUS
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.
OPEC+ OIL CONSENSUS
2019, May, 21, 15:45:00
BALANCED OIL MARKET
Following its 14th Meeting, which took place on 19 May 2019, in Jeddah, the Kingdom of Saudi Arabia, the Joint Ministerial Monitoring Committee (JMMC) has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals.
OPEC+ OIL CONSENSUS
2019, May, 21, 15:40:00
OPEC+ WILL STAY
"We want to bring inventories down to a more normal levels," Falih said. "We need to stay the course and do that in the weeks and months to come."
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Tags: OPEC, RUSSIA, OIL, PRODUCTION, PRICE
Chronicle:
OPEC+ OIL CONSENSUS
2020, September, 18, 12:13:00
PUBLIC PRIVATE PARTNERSHIP WORKSHOP: FINANCING, PROJECTS & CONTRACTS
Singapore – The Public Private Partnership (PPP): Financing, Projects & Contracts workshop is back for 2020. With more sessions in different locations, Infocus International is delighted to bring one of their best events to professionals from all around the world.
OPEC+ OIL CONSENSUS
2020, September, 18, 12:10:00
NUCLEAR POWER WILL UP BY 82%
IAEA analysts expect an increase of global nuclear electrical generating capacity by 82% to 715 gigawatts.
OPEC+ OIL CONSENSUS
2020, September, 18, 12:05:00
EXTREME ENERGY CONTROL AT CURRENT MOMENT
The EC&CM method closes the era of technologies and systems of optimal (from Latin optimum - best) energy control in real time.
OPEC+ OIL CONSENSUS
2020, September, 18, 12:00:00
RUSSIA'S ARCTIC LNG 2 INVESTMENT $9.5 BLN
Russia's $21 billion project Arctic LNG 2, which received final investment approval a year ago, is expected to be launched in 2023 and to reach its full capacity of almost 20 million tonnes per year in 2026.
OPEC+ OIL CONSENSUS
2020, September, 17, 17:05:00
OIL PRICE: NOT BELOW $41 YET
Brent was down 22 cents, or 0.5%, to $42.00 a barrel , WTI fell 28 cents, or 0.7%, to $39.88 a barrel.
OPEC+ OIL CONSENSUS
2020, September, 17, 17:00:00
NORD STREAM 2 FOR RUSSIA
Russia says Nord Stream 2 is a commercial project -- backed by five European energy companies -- and should not be used for political point-scoring.
OPEC+ OIL CONSENSUS
2020, September, 17, 16:55:00
NORD STREAM 2 FOR AUSTRIA
"Nord Stream 2 for us is an economic project, a positive project, because we believe that it is good to have more diversification and to be able to use different routes for energy supply to Europe," Kurz said during a press conference in Vienna.
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