2019-09-03 13:20:00
RUSSIA: FULL COMPLIANCE WITH OPEC +
PLATTS - The Russian energy ministry said late Monday that Russia will fully comply with its obligations under the OPEC+ agreement in September, after August output rose above the target under the deal.
"Under the OPEC+ agreement in August, Russia's oil production cut level was 143,000 b/d compared to October 2018. However, at the end of August, the cut was at a level of 299,000 b/d," energy minister Alexander Novak said in a statement released by the ministry.
Under the current OPEC /non-OPEC cuts deal, which runs to the end of March 2020, Russia has committed to pare 230,000 b/d from its October 2018 output of 11.42 million b/d.
"The lower cut in production [in August] compared to previous months was due to the technical aspects of resolving the situation associated with cleaning the pipeline network of oil contaminated with excess levels of organic chlorides. In July and June, the production cut was 289,000 b/d and 278,000 b/d, respectively," the statement said.
Excess levels of organic chlorides were detected in crude in Transneft's Druzhba pipeline network in mid-April, and resulted in major disruption to crude shipments to Europe until mid-June. Russian production volumes dipped as a result of the clean-up operation.
Earlier Monday, output data released by the central dispatching unit of the energy ministry indicated that output was up 1.2% on the month in August to 47.76 million mt, or around 11.29 million b/d. S&P Global Platts uses a conversion rate of 7.33 million barrels per metric ton.
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Earlier:
2019, August, 23, 10:50:00
ROSNEFT SALES VENEZUELA'S OIL
Rosneft, which produces around five percent of the world’s oil, is now taking care of shipping and marketing operations for the bulk of Venezuelan oil exports, ensuring that PDVSA can continue to supply buyers.
2019, August, 23, 10:45:00
ROSNEFT SWITCH TO EURO
Rosneft last week asked buyers to use the euro as the default currency for the first time in a spot tender to sell naphtha
2019, August, 21, 12:15:00
РУССКАЯ НЕФТЬ В НОРМЕ
Ожидаемое качество нефти в порту Усть Луга по данному показателю в период 20.08.2019 – 26.08.2019 года будет находиться в диапазоне 1,6-3,5 ppm. Минэнерго России продолжит мониторинг качества нефти в порту Усть-Луга с еженедельным информированием на официальном сайте.
2019, August, 21, 12:10:00
ROSNEFT NET INCOME +48%
Rosneft's 1H 2019 Net income jumped by 9% YoY to RUB 325 bln, including by 1.5 times QoQ to RUB 194 bln
2019, August, 21, 12:00:00
ROSNEFT OUTPUT 5.8 MBD
Rosneft's hydrocarbon production in H1 2019 amounted to 5.81 mmboed (141.8 mmtoe for the half-year), exceeding H1 2018 level by 1.8%.
2019, August, 16, 10:45:00
ЦЕНА URALS: $ 61,44109
Средняя цена на нефть Urals за период мониторинга с 15 июля по 14 августа 2019 года составила $ 61,44109 за баррель
2019, August, 13, 13:10:00
LUKOIL'S PRODUCTION 2.3 MBD
For the six months of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,352 thousand boe per day, which is 2.8% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil production growth in Russia due to change in terms of the external limitations of Russian companies' production volumes.
