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2020-04-02 14:55:00

#OilPriceWar: ARAMCO'S OIL DELIVERIES UP

#OilPriceWar: ARAMCO'S OIL DELIVERIES UP

PLATTS - 01 Apr 2020 - Released from its OPEC obligations to rein in production, Saudi state-run oil giant Aramco said Wednesday it was filling 15 tankers with more than 18.8 million barrels of crude — its most ever in one day as it ratchets up its price war with erstwhile ally Russia.

But plummeting demand, tightening storage availability and shrinking refinery margins with much of the world on coronavirus lockdowns could leave some of those cargoes struggling to find buyers, according to market sources, who say Aramco will have to slash its selling prices further to unload all of its crude.

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Earlier:

#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 30, 10:25:00
#OilPriceWar AGAINST U.S.
A group of six U.S. senators wrote a letter to Secretary of State Mike Pompeo this week saying Saudi Arabia and Russia “have embarked upon economic warfare against the United States” and were threatening U.S. “energy dominance”.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 30, 10:20:00
#OilPriceWar: OPEC+: THE NEW AGREEMENT
Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak have not held any discussions about a joint agreement to balance oil markets, indicating no resolution to the price war.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 30, 10:15:00
#OilPriceWar LOSSES $192 BLN
Oil exporters in the Middle East and North Africa region will lose $192 billion in crude income in 2020
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 27, 13:55:00
#OilPriceWar: RUSSIA UNCHANGED
Russia ramped up measures to combat the virus on Wednesday, with Russian President Vladimir Putin announcing that next week would be a paid non-working week throughout the country.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 26, 11:40:00
#OilPriceWar: U.S. NEED HELP
Some US shale producers have been pressuring the Trump administration to intervene in the price war, which broke out after Russia earlier this month declined to go along with an OPEC proposal for production cuts to prop up prices.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 26, 11:35:00
#OilPriceWar: CHINA WINS
China is saving about $250mn a day after crude prices crashed this year amid dual demand and supply shocks.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 23, 13:45:00
#OilPriceWar VICTIM
US oil producers are likely to be a victim of the oil-price war,
All Publications »
Tags: OIL, PRICE, SAUDI, ARABIA, RUSSIA, USA, OPEC
Chronicle:
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, June, 4, 11:14:00
MASTERING ENERGY STORAGE & CHARGING ELECTRIC VEHICLES WORKSHOP
A comprehensive understanding of the technology solutions, business considerations and competitive environments of the booming electricity storage market, and the issues facing power systems when electric vehicles (EVs) become mass-market.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, June, 4, 11:13:00
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.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, June, 4, 11:12:00
OIL and GAS RUSSIA and CIS ONLINE
Online Business Forum, Onsite Visits and 1-2-1 Meetings "Oil and Gas Russia and CIS Online" will be held on 15-17 July 2020
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, June, 4, 11:10:00
SPAIN RENEWABLE ELECTRICITY 70%
The 2030 target will become for the electricity sector to secure 70% from renewable energy. This will be coupled with energy efficiency measures reducing consumption by at least 35% over the same period.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, June, 4, 11:05:00
ISRAEL SOLAR INVESTMENT $23 BLN
Israel's government proposed to invest ILS6.5bn (US$1.9bn) to instal of 2 GW of additional solar power capacity.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, June, 4, 11:00:00
PERU ELECTRIC INVESTMENT $1.3 BLN
In 2017, Peru set a target of 100% rural electrification by 2021, requiring new transmission lines.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, June, 3, 13:10:00
OIL PRICE: NEAR $40
Brent were up 59 cents, or 1.5%, at $40.16 a barrel, WTI gained 80 cents, or 2.2%, to $37.61.
All Publications »