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2022-07-04 12:55:00

OPEC + RUSSIA + 648 TBD

ОПЕК + РОССИЯ + 648 ТБД

OPEC - 30 Jun 2022 - 30th OPEC and non-OPEC Ministerial Meeting

The 30th OPEC and non-OPEC Ministerial Meeting was held via videoconference on 30 June 2022. In view of current oil market fundamentals and the consensus on its outlook, the OPEC and participating non-OPEC oil producing countries agreed to:

Reaffirm the decision of the 10th OPEC and non-OPEC Ministerial Meeting on 12th April 2020 and further endorsed in subsequent meetings including the 19th OPEC and non-OPEC Ministerial Meeting on the 18th July 2021.

Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th and 29th OPEC and non-OPEC Ministerial Meetings and the decision to adjust upward the monthly overall production for the month of August 2022 by 0.648 mb/d.

Reiterate the critical importance of adhering to full conformity and to the compensation mechanism. Compensation plans should be submitted in accordance with the statement of the 15th OPEC and non-OPEC Ministerial Meeting.

Hold the 31st OPEC and non-OPEC Ministerial Meeting on 3 August 2022.

 

Production table

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Earlier:

ОПЕК + РОССИЯ + 648 ТБД
2022, June, 28, 12:05:00
OPEC OIL PRICE: $112.35
The price of OPEC basket of thirteen crudes stood at $112.35 a barrel
ОПЕК + РОССИЯ + 648 ТБД
2022, June, 24, 11:50:00
OPEC+ OIL PRODUCTION WILL UP
"OPEC+ is not going to change the plans at this month's meeting," an OPEC+ source said. Four other sources made similar remarks.
ОПЕК + РОССИЯ + 648 ТБД
2022, June, 16, 12:40:00
ЦЕНА URALS: $87,491
Средняя цена на нефть Urals за период мониторинга с 15 мая 2022 года по 14 июня 2022 года составила $87,491 за баррель, или $638,7 за тонну.
ОПЕК + РОССИЯ + 648 ТБД
2022, June, 3, 13:15:00
OPEC + RUSSIA: +0.648 MBD
Therefore, July production will be adjusted upward by 0.648 mb/d as per the attached schedule.
ОПЕК + РОССИЯ + 648 ТБД
2022, June, 2, 11:35:00
OPEC + RUSSIA STRENGTHENING
Meanwhile those with spare capacity – primarily Saudi Arabia and the UAE – have held off on breaching their quotas to maintain OPEC+ unity rather than spark a market share battle.
ОПЕК + РОССИЯ + 648 ТБД
2022, May, 6, 11:25:00
ОПЕК + РОССИЯ + 432 ТБД
Участники соглашения сохранили в силе достигнутые ранее договорённости о дальнейшем наращивании производства нефти в июне на уровне 432 тыс. баррелей в сутки.
ОПЕК + РОССИЯ + 648 ТБД
2022, May, 5, 14:45:00
OPEC+ PRODUCTION +432 TBD
Five OPEC+ delegates said the group was set to agree to increase its June output target by 432,000 barrels per day, in line with its existing plan to unwind output curbs made during the worst of the COVID-19 pandemic in 2020.
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Tags: ОПЕК, РОССИЯ, НЕФТЬ, ДОБЫЧА, OPEC, RUSSIA, OIL, PRODUCTION