Downstream
2021, September, 8, 10:20:00
INDIA'S OIL DEMAND UP
"With the recovery in the overall demand, refining and other related operational parameters have demonstrated an even more pronounced turnaround compared to the previous year," said Shrikant Madhav Vaidya, chairman of state-run Indian Oil Corp. the country's biggest refiner.
2021, August, 5, 14:55:00
INDIA'S DOWNSTREAM INVESTMENT $27 BLN
India’s refining capacity stood at 251 Mt/year at the end of 2020. India is the fourth largest producer of oil products in the world, with an output of 232 Mt in 2020 (-11% compared to 2019). The country is a net exporter of oil products (12.5 Mt in 2020).
2021, July, 27, 10:25:00
RELIANCE TWIN GAINS
"In our oils-to-chemicals business, we generated strong earnings through our integrated portfolio and superior product placement capabilities," said Mukesh Ambani, chairman and managing director of Reliance Industries.
2021, July, 8, 12:45:00
OIL PRICES 2021-22: $72-$67
We expect rising production will reduce the persistent global oil inventory draws that have occurred for much of the past year and keep prices similar to current levels, averaging $72/b during the second half of 2021 (2H21).
2021, July, 2, 12:00:00
SONATRACH PRODUCTION DOWN 6%
The Algeria national oil and gas company Sonatrach extracted 176 Mtoe of hydrocarbon in 2020 (-6%),
2021, June, 17, 12:45:00
CHINA'S OIL THROUGHPUT UP 4.4%
These brought the country's throughput in the first five months to average at 14.21 million b/d with a 12.7% year-on-year jump.
2021, June, 9, 12:50:00
OIL PRICES 2021-22: $68-60
EIA forecasts that Brent prices will remain near current levels in 3Q21, averaging $68/b., and $60/b in 2022.
2021, May, 27, 12:40:00
LUKOIL PROFIT 157,4 RUB BLN
In the first quarter of 2021, profit attributable to PJSC LUKOIL shareholders amounted to RUB 157.4 bln as compared to RUB 29.4 bln in the previous quarter and a loss of RUB 46.0 bln in the first quarter of 2020.
2021, May, 18, 12:55:00
LUKOIL PRODUCTION 2.1 MBD
In the first quarter of 2021 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,152 thousand boe per day, which is 4.2% higher quarter-on-quarter.
2021, May, 13, 17:55:00
GLOBAL OIL DEMAND WILL UP BY 6.0 MBD TO 96.5 MBD
For 2021, world oil demand is expected to increase by 6.0 mb/d, unchanged from last month’s estimate, to average 96.5 mb/d.
2021, May, 12, 13:00:00
OIL PRICES 2021-22: $65-61
EIA forecasts that Brent prices will average $65/b in the second quarter of 2021, $61/b during the second half of 2021, and $61/b in 2022.
2021, April, 22, 11:50:00
GAZPROM'S HYDROGEN ENERGY
In recent times many countries are viewing hydrogen energy as an area essential for the implementation of national low-carbon development strategies. However, hydrogen is a secondary energy source, i.e. additional energy is required to produce it, which has an effect on its cost price.
2021, April, 19, 16:40:00
CHINA OIL PRODUCTS EXPORTS +31.7%
China's oil product exports are expected to rise by 31.7% year on year to around 54.7 million mt in 2021,
2021, April, 14, 12:15:00
GLOBAL OIL DEMAND WILL UP BY 6 MBD
In 2021, world oil demand growth is expected to increase by about 6.0 mb/d y-o-y, representing an upward revision of about 0.1 mb/d from last month’s report.
2021, April, 7, 10:35:00
OIL PRICES 2021-22: $65-60
EIA forecasts that Brent prices will average $65/b in the second quarter of 2021, $61/b during the second half of 2021, and $60/b in 2022.