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2020-09-08 12:45:00

OPEC+ STABILIZES MARKET

OPEC+ STABILIZES MARKET

PLATTS - 07 Sep 2020 - Saudi Arabia's King Salman bin Abdulaziz al-Saud and Russian President Vladimir Putin both expressed "satisfaction" with the implementation of the OPEC+ crude oil output deal and discussed ways to address the global economic slump in a telephone call Sept. 7, according to a statement posted on the Kremlin website.

The call was initiated by King Salman and comes ahead of a key OPEC+ joint ministerial monitoring committee meeting on Sept. 17, which is expected again to focus on compliance. The JMMC is co-chaired by Saudi Arabia and Russia.

"Both sides expressed satisfaction with the progress of the implementation of the OPEC+ agreement, which made it possible to stabilize the situation on the world energy markets in general," the statement said.

Saudi Arabia and Russia agreed to further closely coordinate their work on production cuts, trade and investments.

Saudi and Russian leaders have also discussed joint ways to overcome negative consequences of the coronavirus pandemic on the world economy and finances, the statement said.

Earlier in the day, Russian energy minister Alexander Novak said that Russia's adherence to production cuts in August was "close to 100%."

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Earlier:

OPEC+ STABILIZES MARKET
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+ STABILIZES MARKET
2020, September, 4, 12:30:00
OIL PRICE: NOT BELOW $44
Brent was up 5 cents, or 0.1%, to $44.12, WTI fell 3 cents to $41.34
OPEC+ STABILIZES MARKET
2020, September, 3, 12:50:00
OIL PRICE: BELOW $44
Brent fell 79 cents, or 1.8%, to $43.64 a barrel, WTI were down 67 cents, or 1.6%, at $40.84 a barrel.
OPEC+ STABILIZES MARKET
2020, September, 2, 13:10:00
ЦЕНА URALS: $ 40,83
Средняя цена на нефть марки Urals в январе-августе 2020 года сложилась в размере $ 40,83 за баррель, в январе-августе 2019 года - $ 64,54 за баррель.
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»,
OPEC+ STABILIZES MARKET
2020, August, 21, 11:25:00
OPEC+ : FRAGILE MARKET
OPEC+ underscored the fragility of the market and significant uncertainties, particularly associated with oil demand, and called for vigilance by all participating countries.
OPEC+ STABILIZES MARKET
2020, August, 21, 11:20:00
SAUDI'S OIL PRODUCTION DOWN
Saudi Arabia pumped 7.484 million b/d in June, the lowest since December 2002, and down from 8.486 million b/d in May.
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Tags: OPEC, RUSSIA, SAUDI, ARABIA