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2018, December, 14, 09:20:00
RUSSIA - SAUDI ARABIA COOPERATION
IEA - Cooperation between Russia and Saudi Arabia is now the basis of production management with these two countries having a large capacity to swing output one way or the other. For them, prices falling further would place their budgets under great stress.
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2018, December, 14, 09:10:00
2019: WORLD OIL DEMAND UP BY 1.29 MBD
OPEC - In 2019, world oil demand is anticipated to rise by 1.29 mb/d. As a result, total world oil demand is anticipated to reach 100.08 mb/d. Oil demand growth is projected to originate from Other Asia, led by India, followed China, then OECD Americas. OECD countries will rise by 0.25 mb/d, while non-OECD countries will drive oil demand growth by adding an estimated 1.04 mb/d in 2019.
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2018, December, 14, 09:05:00
UAE OIL INVESTMENT
PLATTS - "The UAE is investing because we feel there is a requirement for this production, but we are not going to put that production into the market unless we feel there is a need for it," Mazrouei said after last week's OPEC meeting in Vienna.
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2018, December, 14, 09:00:00
IRAN'S OIL: NO CUTS
SHANA - “OPEC resolution states that the Secretary-General and OPEC's President would allow countries that subject to certain sanctions to be exempted from production cuts,” Zangeneh added.
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2018, December, 12, 09:10:00
RUSSIA WILL CUT 50 TBD
PLATTS - Russia will cut its liquids output by 50,000-60,000 b/d in January under the latest agreement with OPEC, energy minister Alexander Novak said Tuesday. "The monthly schedule for the output cut has already been [set]... We expect output will be cut by at least 50,000 b/d-60,000 b/d in January," he said, as reported by Prime news agency.
АЛЕКСАНДР НОВАК В ИНТЕРВЬЮ CNN: “НАШИ РЕШЕНИЯ ОСНОВАНЫ НА ФУНДАМЕНТАЛЬНЫХ ФАКТОРАХ РЫНКА”
2018, December, 12, 09:05:00
АЛЕКСАНДР НОВАК В ИНТЕРВЬЮ CNN: “НАШИ РЕШЕНИЯ ОСНОВАНЫ НА ФУНДАМЕНТАЛЬНЫХ ФАКТОРАХ РЫНКА”
МИНЭНЕРГО РОССИИ - Как отметил Александр Новак, принятое решение о снижении суммарной добычи на 1,2 млн барр./сутки отражает ожидания рынка накануне встречи стран ОПЕК и не ОПЕК. As noted by Alexander Novak, the decision to reduce the total production by 1.2 million barrels per day reflects the market expectations on the eve of the meeting of OPEC and non-OPEC countries.
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2018, December, 12, 09:00:00
OIL PRICE 2019: $61
U.S. EIA - EIA expects Brent spot prices will average $61 in 2019 and that West Texas Intermediate (WTI) crude oil prices will average about $7/b lower than Brent prices next year. NYMEX WTI futures and options contract values for March 2019 delivery that traded during the five-day period ending December 6, 2018, suggest a range of $36/b to $77/b encompasses the market expectation for March WTI prices at the 95% confidence level.
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2018, December, 12, 08:40:00
VENEZUELA - RUSSIA OIL: $17 BLN
PLATTS - Russia will invest $5 billion to raise Venezuela's oil production by 1 million b/d under a new economic agreement, Venezuelan President Nicolas Maduro said Thursday.
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2018, December, 10, 08:55:00
OIL PRODUCTION DOWN 1.2 MBD
OPEC - Accordingly, the 5th OPEC and non-OPEC Ministerial Meeting, following deliberations on the immediate oil market prospects and in view of a growing imbalance between global oil supply and demand in 2019, hereby decided to adjust the overall production by 1.2 mb/d, effective as of January 2019 for an initial period of six months. The contributions from OPEC and the voluntary contributions from non-OPEC participating countries of the ‘Declaration of Cooperation’ will correspond to 0.8 mb/d (2.5%), and 0.4 mb/d (2.0%), respectively.
АЛЕКСАНДР НОВАК: “МЫ ПРИВЕРЖЕНЫ ДОГОВОРЕННОСТЯМ, И РЫНОК ЭТО ЦЕНИТ”
2018, December, 10, 08:50:00
АЛЕКСАНДР НОВАК: “МЫ ПРИВЕРЖЕНЫ ДОГОВОРЕННОСТЯМ, И РЫНОК ЭТО ЦЕНИТ”
“Было принято решение с 1 января сократить суммарно добычу на 1,2 млн барр в сутки, из них 800 тыс. возьмут на себя страны ОПЕК. Россия также примет участие в этом. Для нас это означает, что по отношению к октябрю 2018 года мы должны будем сократить производство на 2% или 220 тыс баррелей, это будет происходить постепенно”, - подчеркнул Министр.
ALEXANDER NOVAK: “THE COOPERATION OF OPEC COUNTRIES + MUST CONTINUE”
2018, December, 10, 08:45:00
ALEXANDER NOVAK: “THE COOPERATION OF OPEC COUNTRIES + MUST CONTINUE”
Министр энергетики Российской Федерации Александр Новак в интервью телеканалу “Bloomberg”, которое состоялось по окончании 5-й Министерской встречи стран ОПЕК и не входящих в ОПЕК государств, рассказал о принятых решениях и их влиянии на рынок, разговоре с Министром нефти Ирана Бижаном Намдар Зангане накануне заседания, а также поделился прогнозами цен на нефть в будущем.
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2018, December, 10, 08:15:00
ADNOC INCREASES VALUE
ADNOC - The Abu Dhabi National Oil Company (ADNOC) has announced its successful collaboration with IBM, piloting a Blockchain-based automated system to integrate oil and gas production across the full value chain.
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2018, December, 10, 08:10:00
WORLDWIDE RIG COUNT DOWN 5 TO 2,266
BHGE - The worldwide rig count for November 2018 was 2,266, down 5 from the 2,271 counted in October 2018, and up 209 from the 2,057 counted in November 2017.
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2018, December, 10, 08:05:00
U.S. RIGS DOWN 1 TO 1,075
BHGE - U.S. Rig Count is down 1 rig from last week to 1,075, with oil rigs down 10 to 877 and gas rigs up 9 to 198. Canada Rig Count is down 13 rigs from last week to 186, with oil rigs down 17 to 102 and gas rigs up 4 to 84.
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2018, December, 7, 08:30:00
RUSSIA - SAUDIS PACT
WSJ - Russia and Saudi Arabia have agreed to extend OPEC’s efforts to stabilize oil markets, Russian President Vladimir Putin said over the weekend, as the broader coalition of producers inches closer to a deal this week.