2022-03-04 12:15:00
RUSSIA AND SAUDI ARABIA ENSURE STABILITY
PRESIDENT OF RUSSIA - March 3, 2022 - Telephone conversation with Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud
Vladimir Putin had a telephone conversation with Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud.
During the conversation, it was noted with satisfaction that OPEC+ member countries are consistently fulfilling their obligations to help ensure stability on the global oil market. Russia and Saudi Arabia will continue to coordinate approaches within this format.
Considering the anti-Russia sanctions introduced by a number of Western countries, Vladimir Putin emphasised that it is unacceptable to politicise issues related to global energy supply and outlined the Russian side’s approaches in the context of the special military operation to protect Donbass.
Mutual interest was expressed in further comprehensive development of the mutually beneficial Russian-Saudi partnership. The leaders agreed to maintain contacts at various levels.
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Earlier:
2022, March, 3, 14:40:00
OIL PRICE: NEAR $115
Brent was up $2.18, or 1.9%, at $115.11 a barrel, WTI hit a high of $116.57.
2022, March, 3, 14:35:00
ОПЕК+ 400 ТБД
Страны-участницы единогласно приняли решение сохранить договорённости о продолжении увеличения добычи на суммарно 400 тыс. баррелей в сутки в апреле 2022 года.
2022, March, 3, 14:30:00
OPEC+ 0.4 MBD
Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of April 2022, as per the attached schedule.
2022, March, 2, 11:45:00
OIL PRICE: ABOVE $111
Brent rose by as much as $8 and touched as high as $113.02 a barrel, before easing to $111.75, WTI were up $7.24, or 7%, to $110.67 a barrel.
2022, March, 2, 11:40:00
OPEC+ OIL PRODUCTION: +0.4 MBD
OPEC+ members are attempting to regain pre-pandemic output levels by late 2022 through their monthly easing of quotas, but potential disruptions to Russian oil flows put that plan at risk.
2022, February, 21, 11:50:00
GLOBAL ENERGY CRISIS & STABILISATION
In the situation that has obtained in recent months on energy markets, it has become clear that one of the foundations of stability of the modern global world is, in the first instance, reliable energy supply, which cannot be provided without observing a reasonable balance of energy sources and an absence of discrimination against traditional sectors of the fuel and energy complex.
2022, February, 3, 13:50:00
ОПЕК+ РОССИЯ: 122%
В целом страны ОПЕК+ успешно исполняют рекомендации по наращиванию добычи: исполнение сделки в декабре 2021 года достигало 122%.
