Oil
![Oil](/cache/11-20/price-856.6f872337.jpg)
2020, November, 13, 13:25:00
OPEC+ RUSSIA REDUCING
Saudi Arabia and Russia, leaders of the 23-nation coalition, have already indicated publicly that they are thinking twice about easing production cuts in January as the resurgent pandemic hits fuel demand.
![Oil](/cache/11-20/usa-327.44702038.jpg)
2020, November, 13, 13:20:00
U.S. OIL INVENTORIES UP 4.3 MB TO 488.7 MB
U.S. commercial crude oil inventories increased by 4.3 million barrels to 488.7 million barrels
![Oil](/cache/11-20/rosneft-162.1467ab93.jpg)
2020, November, 13, 12:45:00
ROSNEFT NET LOSS RUB 177 BLN
In 9M 2020 negative Net income was RUB -177 bln (USD -2.1 bln). The reduction compared to 9M 2019 was a result of the negative effect of price fluctuations due to COVID-19 pandemic as well as the negative effect of non-monetary factors.
![Oil](/cache/11-20/rosneft-161.dfb0dfb1.jpg)
2020, November, 13, 12:40:00
ROSNEFT PRODUCTION 4.19 MBD
Brent fell 34 cents, or 0.8%, to $43.46 a barrel. WTI fell 30 cents, or 0.7%, to $41.15 a barrel.
![Oil](/cache/11-20/price-852.fe3174bf.jpg)
2020, November, 12, 14:15:00
OIL PRICE: BELOW $44
Brent fell 34 cents, or 0.8%, to $43.46 a barrel. WTI fell 30 cents, or 0.7%, to $41.15 a barrel.
![Oil](/cache/11-20/price-844.c77092b2.jpg)
2020, November, 12, 14:10:00
GLOBAL OIL DEMAND UPDOWN
The global oil demand forecast for 2020 is revised down by 0.3 mb/d. For 2021, oil demand growth is expected to grow by 6.2 mb/d, y-o-y, representing a downward revision of 0.3 mb/d compared to last month’s assessment.
![Oil](/cache/11-20/price-850.fe5a6cdb.jpg)
2020, November, 12, 14:05:00
OPEC CUTS 7.7 MBD
OPEC+ alliance's current 7.7 million b/d in output cuts could be maintained into 2021 instead of being eased as originally planned, or even extended.
![Oil](/cache/11-20/price-848.0cd1e990.jpg)
2020, November, 11, 14:55:00
OIL PRICE: BELOW $45
Brent rose $1.17, or 2.7%, to $44.78 a barrel. WTI added $1.17 cents, or 2.8%, to $42.53 a barrel.
![Oil](/cache/11-20/price-844.c77092b2.jpg)
2020, November, 11, 14:50:00
OIL PRICES 2020-21: $40 - $47
EIA forecasts Brent crude oil prices will average $47/b in 2021.
![Oil](/cache/11-20/india-155.bddb0b43.jpg)
2020, November, 11, 14:35:00
INDIA ENERGY CONSUMPTION WILL DOUBLE
"India is set to nearly double its energy consumption over the long-term," Prime Minister Narendra Modi told the virtual forum. "Our energy sector will be growth-centric, industry friendly and environment-conscious."
![Oil](/cache/11-20/price-846.9db19e25.jpg)
2020, November, 11, 14:30:00
OPEC+ IRAQ, SAUDI ARABIA
Saudi Arabia, Iraq "stressed full commitment to all decisions that have been agreed upon, in a manner that guarantees reaching fair and appropriate oil prices for exporters and consumers in the global oil market," the statement said.
![Oil](/cache/11-20/iran-220.2be44314.jpg)
2020, November, 11, 14:20:00
IRAN PETROLEUM EXPORTS 700 TBD
Iran’s oil exports have shrunk from more than 2.5 million bpd since 2018,
![Oil](/cache/11-20/lukoil-57.657615b8.jpg)
2020, November, 11, 14:15:00
LUKOIL PRODUCTION 2.065 MBD
For the nine months of 2020 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,065 kboe per day, which is 11.6% lower year-on-year.
![Oil](/cache/11-20/price-843.488d4da2.jpg)
2020, November, 10, 11:35:00
OIL PRICE: BELOW $43
Brent rose 9 cents, or 0.2%, to $42.49 a barrel. WTI edged up 16 cents, or 0.4%, to $40.45 a barrel.
![Oil](/cache/11-20/oil-56.9ccfa35e.jpg)
2020, November, 10, 11:30:00
RUSSIA IS RESPONSIBLE PLAYER
"In any case, Russia is a responsible player on the energy market and that's something which governs our decisions and our thinking," Sorokin said, during the ADIPEC virtual conference Nov. 9.