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2021-03-05 11:50:00

OPEC+ CONTINUED REDUCTIONS

OPEC+ CONTINUED REDUCTIONS

PLATTS - 04 Mar 2021 -  OPEC and its allies appear intent on turbocharging the tightening of the oil market, agreeing to largely leave their hefty production cuts unchanged for April - including Saudi Arabia's extra 1 million b/d curtailment. 

In making such a deal, the OPEC+ alliance heeded Saudi energy minister Prince Abdulaziz bin Salman's calls to keep a tight hold on oil supply, despite warnings from analysts and key consuming countries that the market rally risks impairing a global economy still reeling from the pandemic.

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Earlier:

OPEC+ CONTINUED REDUCTIONS
2021, March, 2, 12:35:00
OPEC+ EXTREME CAUTION
Prices have rallied to pre-virus levels, while U.S. production has taken a hit from freezing storms. Talk swirls of market supercycles, and even the return of $100 oil.
OPEC+ CONTINUED REDUCTIONS
2021, February, 19, 13:00:00
OPEC+ OIL WILL UP
Global liquids supplies are expected to climb by 3.2 million b/d on average in 2021,
OPEC+ CONTINUED REDUCTIONS
2021, February, 9, 15:45:00
OPEC+ OIL PRODUCTION UP 440 TBD
OPEC's 13 members pumped 25.70 million b/d in the month, up 270,000 b/d from December, while their nine non-OPEC partners, led by Russia, produced 12.91 million b/d, a rise of 170,000 b/d,
OPEC+ CONTINUED REDUCTIONS
2021, January, 28, 13:10:00
OPEC: DIALOGUE, COOPERATION, RESPECT
OPEC reaffirms its faith – time and time again – of the need for dialogue, cooperation, and respect.
OPEC+ CONTINUED REDUCTIONS
2021, January, 15, 11:55:00
OPEC+ STABILIZATION
The OPEC+ alliance, led by Saudi Arabia and Russia, decided in December after days of heated negotiations to ease their stringent quotas by a collective 500,000 b/d for January, instead of the originally scheduled 2 million b/d tapering.
OPEC+ CONTINUED REDUCTIONS
2020, December, 25, 10:40:00
OPEC+ RISSIA OIL PRICE: $45 - $55
In comments, cleared for publication on Friday, Novak also said that Moscow views an oil price between $45 and $55 per barrel as the optimum level to allow for recovery of its oil production,
OPEC+ CONTINUED REDUCTIONS
2020, December, 22, 13:45:00
OPEC+ RUSSIA EXTENSION
"The OPEC+ deal has been with us for almost nine months and will continue until April 2022, but it can be extended until the end of 2022," Prince Abdulaziz said, adding that market skeptics and speculators will remain "on their toes".
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Tags: OPEC, RUSSIA, OIL, PRICE
Chronicle:
OPEC+ CONTINUED REDUCTIONS
2021, April, 20, 13:29:00
7TH MOZAMBIQUE MINING, OIL & GAS AND ENERGY CONFERENCE AND EXIBITION
Since 2008 MMEC has been covering the key developments, policies and projects in Mozambique’s extractive industries. It has become an important networking platform for all stakeholders by showcasing the huge opportunities in the Mining, Energy and Oil & Gas sectors and their ramification on the national economy.
OPEC+ CONTINUED REDUCTIONS
2021, April, 20, 13:28:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2021
The high-level international investment conference Energy Week Central Asia & Mongolia 2021 will take place on a virtual event platform on 27-29 April bringing together the authorities, project operators of Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Mongolia , as well as IFIs/DFIs, multinational energy companies.
OPEC+ CONTINUED REDUCTIONS
2021, April, 20, 13:25:00
IRANIAN INTERIM DEAL
“We are on the right track and some progress has been made, but this does not mean that the talks in Vienna have reached the final stage,” Foreign Ministry spokesman Saeed Khatibzadeh told a weekly news conference in Tehran.
OPEC+ CONTINUED REDUCTIONS
2021, April, 20, 13:20:00
IRAN'S URANIUM UP TO 60%
The governments of France, Germany and the UK on 14 April responded to Iran's plans to enrich to 60% with "grave concern",
OPEC+ CONTINUED REDUCTIONS
2021, April, 20, 13:15:00
RENEWABLES FOR INDIA + 1.2 GW
The Solar Energy Corporation of India (SECI) has initiated a tender for 1,200 MW of wind-solar projects, under the tranche IV of the interstate transmission-connected (ISTS) programme.
OPEC+ CONTINUED REDUCTIONS
2021, April, 19, 16:55:00
OIL PRICE: NEAR $67
Brent was down 2 cents at $66.75 a barrel. WTI was up 1 cent at $63.14 a barrel.
OPEC+ CONTINUED REDUCTIONS
2021, April, 19, 16:50:00
ЧИСТАЯ ЭНЕРГИЯ ВОДОРОДА
На сегодняшний день наиболее экономически выгодным является производство водорода из ископаемого сырья. По данным МЭА, в структуре мирового производства чистого водорода 75 % приходится на природный газ, 23 % – на уголь.
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