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2020-09-18 12:25:00

OPEC RESTORES BALANCE

OPEC RESTORES BALANCE

PLATTS - 17 Sep 2020 - Saudi energy minister Prince Abdulaziz bin Salman delivered yet another warning to OPEC+ compliance laggards, saying at a Sept. 17 monitoring committee meeting that failing to execute pledged production cuts was undermining the alliance's efforts to rebalance the oil market.

"Repeated promises that are not carried through in a timely fashion may have temporary positive impact, but if these are not delivered, they can come back to bite us all," he said in his opening remarks to the Joint Ministerial Monitoring Committee. "The market can't be fooled continually. These false promises not only…

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Earlier:

OPEC RESTORES BALANCE
2020, September, 17, 17:05:00
OIL PRICE: NOT BELOW $41 YET
Brent was down 22 cents, or 0.5%, to $42.00 a barrel , WTI fell 28 cents, or 0.7%, to $39.88 a barrel.
OPEC RESTORES BALANCE
2020, September, 11, 12:20:00
OPEC+ PRODUCTION CUT
The OPEC+ agreement called for a decrease in crude oil output by a combined 9.7 million b/d in May and June, a combined decrease of 9.6 million b/d in July 2020, and a combined decrease of 7.7 million b/d in August
OPEC RESTORES BALANCE
2020, September, 9, 11:10:00
СПРОС НА НЕФТЬ ВЫРАСТЕТ
В абсолютных значениях спрос на углеводородные ресурсы в среднесрочной перспективе будет расти, и при изменении конъюнктуры на нефтегазовых рынках крайне важно иметь возможность оперативно нарастить добычу углеводородных ресурсов, чтобы сохранить и приумножить традиционно лидирующие позиции России на мировых энергетических рынках.
OPEC RESTORES BALANCE
2020, September, 8, 12:45:00
OPEC+ STABILIZES MARKET
Saudi Arabia and Russia agreed to further closely coordinate their work on production cuts, trade and investments.
OPEC RESTORES BALANCE
2020, September, 7, 11:35:00
БАЛАНС НЕФТЯНОГО РЫНКА
в июле нефтяной рынок достиг баланса, снижение спроса компенсировалось сокращением добычи, запасы нефти в странах ОЭСР снизились на 34 млн баррелей
OPEC RESTORES BALANCE
2020, September, 7, 11:30:00
OIL PRICES 2021: $50-$55
"My forecast is that the average oil price will be $50-$55/b. But we should expect volatility in general," Novak said.
ВЫСОКИЙ УРОВЕНЬ ИСПОЛНЕНИЯ СОГЛАШЕНИЯ
2020, August, 21, 11:30:00
ВЫСОКИЙ УРОВЕНЬ ИСПОЛНЕНИЯ СОГЛАШЕНИЯ
«Все страны согласились, уровень исполнения – 97% - это очень высокий уровень. Из тех 9,7 млн баррелей, сокращение которых было запланировано, было сокращено 9,4 млн барр»,
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Tags: OPEC, RUSSIA
Chronicle:
OPEC RESTORES BALANCE
2020, October, 22, 14:54:00
6TH ANNUAL POWER WEEK ASIA IS GOING DIGITAL
POWER WEEK ASIA attracts the industry leaders from national power companies, government regulators, policy makers, renewable & IPPs, investors and suppliers from around the globe.
OPEC RESTORES BALANCE
2020, October, 22, 14:53:00
JOIN THE 3RD ANNUAL POWER WEEK AFRICA VIRTUAL CONFERENCE
Specially designed for the African electric power & energy industry, POWER WEEK AFRICA (16 – 19 November 2020) is the 3rd annual international virtual conference delivering a unique experience for each day of the event.
OPEC RESTORES BALANCE
2020, October, 22, 14:50:00
IRANIAN GAS: WITHOUT INDIA
Farzad-B gas field was discovered by a consortium of three Indian companies ONGC, Oil India Limited and Indian Oil Corporation in 2008 in the Farsi offshore block of the Persian Gulf. Tehran and New Delhi have since negotiated the terms of the field’s development for years.
OPEC RESTORES BALANCE
2020, October, 22, 14:45:00
IBERDROLA, PNM ACQUISITION $8.3 BLN
The Spanish energy group Iberdrola, through its affiliate Avangrid, has acquired PNM Resources, the power utility of New Mexico and Texas, for a total consideration of US$8.3bn.
OPEC RESTORES BALANCE
2020, October, 22, 14:40:00
PIONEER, PARSLEY ACQUISITION $7.6 BLN
US shale producer Pioneer Natural Resources has entered into a definitive agreement to acquire its peer Parsley Energy
OPEC RESTORES BALANCE
2020, October, 22, 14:35:00
AUSTRALIA'S SANTOS PRODUCTION: +22%
Third quarter production of 25.1 mmboe was a record for Santos and 22% higher than the prior quarter
OPEC RESTORES BALANCE
2020, October, 21, 17:10:00
OIL PRICE: ABOVE $42
Brent were at $42.44 a barrel, WTI slipped 73 cents, or 1.75%, to $40.97.
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