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Upstream
2016, December, 5, 18:40:00
ВЗАИМОДЕЙСТВИЕ ИСПАНИИ И РОССИИ
Особое внимание было уделено взаимодействию в отраслях ТЭК, в частности, в области разведки и добычи нефти и газа на территории Росссийской Федерации, поставок российских энергоресурсов, гидроэнергетики и ВИЭ.
Upstream
2016, December, 5, 18:30:00
U.S. RIGS UP 4
U.S. Rig Count is down 140 rigs from last year's count of 737, with oil rigs down 68, gas rigs down 73, and miscellaneous rigs up 1. Canadian Rig Count is up 23 rigs from last year's count of 177, with oil rigs up 23, gas rigs down 2, and miscellaneous rigs up 2.
Upstream
2016, December, 2, 18:55:00
U.S. OIL BENEFITS
Shares in US oil companies soared on Wednesday as Opec ministers meeting in Vienna agreed a plan to cut output by 1.2m barrels per day. “The biggest beneficiaries from this Opec move are the US shale players,” said Mike Kelly, head of exploration and production company research at Seaport Global Securities.
Upstream
2016, December, 2, 18:50:00
IRAN'S OIL BENEFITS: 3.9 MBD
OPEC in its 171st ordinary meeting on Wednesday, November 30, agreed to Iran's share of 3.9 million barrels per day in its total output.
Upstream
2016, December, 2, 18:45:00
IRAQ'S OIL BENEFITS
The government of Iraq is hoping that a new OPEC deal will help the war-weary country generate enough revenue to help pay for its costly, 2-year-old fight against the Islamic State group. Iraq, whose oil revenues make up nearly 95 percent of its budget, has been reeling under an economic crisis since late 2014, when oil prices began their descent from a high of above $100 a barrel.
Upstream
2016, December, 2, 18:40:00
OPEC - RUSSIA DEAL
Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week's OPEC-Russia accord on cutting output giving way to questions on the "sticking point" of implementing the deal.
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2016, December, 2, 18:35:00
RUSSIA WILL CUT
Russia promised to support a push by the Organization of Petroleum Exporting Countries to reduce a global oil oversupply after the group agreed to cut production by 1.2 million barrels a day on Wednesday. Energy Minister Alexander Novak pledged Russia would cut its own output by as much as 300,000 barrels a day, a stronger move than the previously preferred position of a freeze.
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2016, December, 2, 18:30:00
INDIA'S GAS INVESTMENT: $20 BLN
India is expected to see investment to the tune of $20bn in next five to seven years in development of gas fields, country’s oil minister Dharmendra Pradhan said at an event in New Delhi.
Upstream
2016, December, 1, 18:45:00
OPEC PRODUCTION TARGET 32.5 MBD
Accordingly, and in line with the ‘Algiers Accord’, the Conference decided to implement a new OPEC-14 production target of 32.5mb/d, in order to accelerate the ongoing drawdown of the stock overhang and bring the oil market rebalancing forward. The Agreement will be effective from January 1, 2017.
Upstream
2016, December, 1, 18:40:00
РОССИЯ ПРИВЕТСТВУЕТ ОПЕК
Россия поэтапно снизит добычу нефти в первом полугодии 2017 года в объеме до 300 тыс. баррелей в сутки в сжатые сроки, исходя из своих технических возможностей.
Upstream
2016, December, 1, 18:35:00
OPEC WILL CUT 1.2 MBD
OPEC will reduce output by about 1.2 million barrels a day by January, the group said, fulfilling a plan sketched out in Algiers in September to cut its production to 32.5 million barrels. The agreement exempted Nigeria and Libya, but gave Iraq its first quotas since the 1990s. West Texas Intermediate crude futures rose 0.3 percent to $49.61 a barrel at 11:44 a.m. Singapore time after gaining 9.3 percent Wednesday, the biggest one-day gain since Feb. 12.
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2016, December, 1, 18:30:00
INDONESIA LEAVES OPEC
OPEC had proposed Indonesia cut oil production by about 37,000 barrels per day (bpd), or about 5 percent of its output, which would dent the already slipping oil rent in Southeast Asia's largest economy. Indonesia's Energy and Mineral Resources Minister Ignasius Jonan, who attended the Vienna meeting, said the only reduction Indonesia could accept was a cut of 5,000 bpd, which had been approved in the country's 2017 budget.
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2016, November, 28, 19:00:00
2017: DEMAND RECOVERY
“We expect demand to recover in 2017, then prices will stabilize, and this will happen without an intervention from OPEC,” Al-Falih said in Dhahran, eastern Saudi Arabia, on Sunday, according to the Saudi newspaper Asharq al-Awsat. “We don’t have a single path which is to cut production at the OPEC meeting, we can also depend on recovery in consumption, especially from the U.S.”
Upstream
2016, November, 28, 18:50:00
OPEC CAN CUT
"The general trend and public statements suggest that OPEC can reach a viable agreement for its production and market management." "If we can agree, and I am optimistic, (oil) prices will increase and this is also what the world economy demands."
Upstream
2016, November, 28, 18:45:00
LIBYA WON'T CUT
"Libya is in such a dangerous economic situation, there is no way it can participate in OPEC production cuts for the foreseeable future," NOC Chairman Mustafa Sanalla told delegates at the Arab-Austrian Economic Forum in Vienna on Friday, according to an NOC statement.