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2020-02-05 11:20:00

RUSSIA, SAUDI ARABIA READINESS

RUSSIA, SAUDI ARABIA READINESS

PLATTS - 03 Feb 2020 - Saudi Arabia and Russia are ready for "further coordination of actions" to ensure the stability of the global oil markets as oil prices have plunged amid concerns that the coronavirus will sap oil demand in the world's largest crude oil importer China.

Russian President Vladimir Putin and Saudi King Salman bin Abdulaziz "thoroughly discussed" the current oil market conditions as prices have fallen by more than 20% in the past three weeks amid global oil demand concerns, a Kremlin statement said late Monday.

"Both sides…

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RUSSIA, SAUDI ARABIA READINESS
2020, February, 3, 12:25:00
OIL PRICE: ABOVE $56
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RUSSIA, SAUDI ARABIA READINESS
2020, January, 31, 12:35:00
OIL PRICE: NEAR $59
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RUSSIA, SAUDI ARABIA READINESS
2020, January, 29, 13:30:00
OIL PRICE: NEAR $60
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RUSSIA, SAUDI ARABIA READINESS
2020, January, 20, 12:05:00
OPEC'S OIL PRODUCTION DOWN 2 MBD
Recent statistics issued by the Organisation of the Petroleum Exporting Countries, OPEC, highlighted a decrease in its production by 6.3 percent or some 2 million barrels per day in 2019, compared to 2018.
RUSSIA, SAUDI ARABIA READINESS
2020, January, 15, 12:50:00
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Brent crude oil spot prices will average $65 per barrel (b) in 2020 and $68/b in 2021, compared with an average of $64/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $5.50/b lower than Brent prices through 2020 and 2021, compared with an average WTI discount of about $7.35/b in 2019.
RUSSIA, SAUDI ARABIA READINESS
2020, January, 13, 15:50:00
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Saudi Arabia, the world's biggest oil exporter, is in the midst of an OPEC+ agreement to cut 1.7 million b/d of crude from the market in Jan through to March.
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Tags: RUSSIA, SAUDI ARABIA, OPEC, OIL, PRICE
Chronicle:
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