2019-09-03 13:10:00
RUSSIA, SAUDI ARABIA PARTNERSHIP
AB - For the first time in eight years, the Bank of Russia's total stockpile of cash, gold and other securities is about to surpass Saudi Arabia's, highlighting the Kremlin's leverage in talks between major oil producers about how much to reduce production.
While Saudi Arabia has been draining its reserves to cover social spending amid low oil prices, Russia has tightened its budget and is running a surplus amid fears of new sanctions. With Russia increasingly the deciding voice in discussions with the Organization of Petroleum Exporting Countries,…
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Earlier:
2019, August, 28, 13:00:00
OPEC CONFORMITY 159%
The JMMC noted the overall conformity of 159% in July 2019 was 22 pp higher than in June 2019, and the average conformity of 134% since January 2019 was the highest to date in 2019. This high level of overall conformity has offset uncertainty in the market due to ongoing economic growth worries.
2019, August, 23, 11:15:00
OPEC EXPORT REVENUES $711 BLN
members of the Organization of the Petroleum Exporting Countries (OPEC) earned almost $711 billion in net oil export revenues in 2018
2019, August, 23, 11:10:00
OPEC MARKET SHARE DOWN
Crude oil from the Organization of the Petroleum Exporting Countries made up 30% of world oil supply in July 2019, down from more than 34% a decade ago and a peak of 35% in 2012, according to OPEC data.
2019, August, 12, 12:50:00
ARAMCO NET INCOME $46.9 BLN
Brent crude futures were at $57.80 a barrel by 0854 GMT, up 42 cents from their previous settlement. West Texas Intermediate (WTI) futures were at $52.80 per barrel, up 26 cents.
Chronicle:
2020, August, 7, 13:29:00
MINING OF RUSSIA
Mining of Russia 2020 brings together more than 200 senior executives of the key mining companies from Russia and the CIS
Name: International Conference & Onsite visit Mining of Russia 2020
Date: 3 - 4 September 2020, Kursk, Russia
2020, August, 7, 13:28:00
TANK FARMS AND OIL TERMINALS IN RUSSIA, CONFERENCE AND EXIBITION
We are glad to announce that the 15th Technical Conference Tank Farms and Oil Terminals: from Advanced Design to Operational Excellence 2020 is now open.
The event will take place on 12-13 November 2020, in Saint-Petersburg.
2020, August, 7, 13:25:00
WIND ENERGY CHALLENGES
Many scientists and engineers expect wind turbines to generate at least half of our power by 2050.
2020, August, 7, 13:20:00
IBERDROLA BOUGHT RENEWABLE INFIGEN
Spanish energy group Iberdrola has taken over Australian renewable producer Infigen Energy
2020, August, 6, 12:10:00
OIL PRICE: NEAR $45 ANEW
Brent fell 7 cents to $45.10 a barrel, WTI was down 25 cents at $41.94.
2020, August, 6, 12:05:00
INDIA'S OIL DEMAND DOWN
The last time India witnessed negative growth in oil demand was in 2001 when consumption had fallen marginally from 2000 levels.
2020, August, 6, 12:00:00
GLOBAL OFFSHORE WIND 6.1 GW
With 6.1 GW new capacity added, 2019 was the best year in history for the global offshore wind industry.