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2019-06-03 12:40:00

RUSSIA'S OIL PRODUCTION DOWN

RUSSIA'S OIL PRODUCTION DOWN

REUTERS - Russian oil output fell to 11.11 million barrels per day (bpd) in May, its lowest level since June 2018, from 11.23 million bpd in April, Energy Ministry data showed on Sunday.

The production fall resulted mainly from the closure due to oil contamination of Russia's Druzhba pipeline, which usually ships 1 million bpd, or 1 percent of global oil demand.

As a result, Russian oil production during May fell by more than stipulated in a global deal with the Organization of…

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Earlier:

RUSSIA'S OIL PRODUCTION DOWN
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.
RUSSIA'S OIL PRODUCTION DOWN
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.
RUSSIA'S OIL PRODUCTION DOWN
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.
RUSSIA'S OIL PRODUCTION DOWN
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.
RUSSIA'S OIL PRODUCTION DOWN
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: RUSSIA, OIL, PRODUCTION
Chronicle:
RUSSIA'S OIL PRODUCTION DOWN
2019, November, 11, 13:00:00
IRAN'S LPG FOR CHINA DOWN
Trader estimates for cargoes loading from Iran bound for China in November generally ranged between seven and 10. Some said the number was lower at six to seven, while one source said it did not exceed nine.
RUSSIA'S OIL PRODUCTION DOWN
2019, November, 11, 12:55:00
BALANCING THE GLOBAL ENERGY SYSTEM
“Increased global and regional temperatures patterns, changes in precipitation amounts and seasonal distribution, a sea level rise, and changing characteristics of various extreme events such as increasing frequency, intensity, duration or even spatial extent of heat waves, droughts and storms, are forecast by most global and regional climate models,” said Loreta Stankeviciute, an IAEA energy systems analyst.
RUSSIA'S OIL PRODUCTION DOWN
2019, November, 11, 12:50:00
AFRICA'S ENERGY DEMAND GROWTH TWICE
Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.
RUSSIA'S OIL PRODUCTION DOWN
2019, November, 11, 12:45:00
UAE GDP GROWTH 2.5%
Following a challenging period, the economy is recovering. Non-oil growth could exceed 1 percent in 2019 and pick up to around 3 percent next year, the fastest since 2016, on the back of Expo 2020 and fiscal stimulus. Overall GDP growth would register 2.5 percent in 2020.
RUSSIA'S OIL PRODUCTION DOWN
2019, November, 11, 12:40:00
U.S. RIGS DOWN 5 TO 817
U.S. Rig Count is down 5 rigs from last week to 817, Canada Rig Count is down 2 rigs from last week to 140,
RUSSIA'S OIL PRODUCTION DOWN
2019, November, 8, 11:35:00
OIL PRICE: NOT ABOVE $62
Brent was down 44 cents, or 0.7%, at $61.85 a barrel, WTI was down 50 cents, or 0.9%, at $56.65 a barrel.
RUSSIA'S OIL PRODUCTION DOWN
2019, November, 8, 11:25:00
GAZPROM, UKRAINE STRATEGIC ISSUES
Alexey Miller pointed out that a number of strategic issues need to be resolved prior to the signing of a new transit contract.
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