Saudi Arabia's crude shipment to China are averaging 1.9 million b/d in August, up from 1.3 million b/d a month earlier, while Russia inflows are at 1.38 million b/d, up on month from 1.36 million b/d, according to Kpler shipping data. Imports from Saudi Arabia were at a 12-month low of 1.33 million b/d in July, while Russian shipments dropped to 1.91 million b/d in the month, the lowest since April, China General Administration of Customs data showed.

Россия привержена договорённостям, которые достигнуты в рамках ОПЕК+. Мы исполняем свои обязательства в полном объёме. Добыча обеспечивается на уровне 9,5 млн баррелей нефти в сутки, что соответствует объёму добровольного сокращения в 500 тыс. баррелей в сутки.

The committee reaffirmed the commitment of its member countries to the DoC which extends to the end of 2024 as agreed in the 35th OPEC and non-OPEC Ministerial Meeting (ONOMM) on 4th of June 2023.

The Akkuyu plant, in the southern Mersin province, is Turkey's first. Rosatom is building four VVER-1200 reactors, under a so-called BOO (build-own-operate) model.

UAE energy minister Suhail al-Mazrouei said the voluntary OPEC+ cuts would bear fruit soon and blamed the current market malaise on the disconnect between physical and paper traders.

Стороны обсудили взаимодействие в формате ОПЕК+, перспективы работы российских нефтегазовых компаний на добычных и геолого-разведочных проектах в Бахрейне, сотрудничество в области ВИЭ и атомной энергетики

China National Petroleum Corp. signed a 27-year LNG purchase agreement for 4 million tons annually with QatarEnergy on Tuesday.

Страны-участницы договорились о корректировке уровня добычи нефти с 1 января по 31 декабря 2024 года до 40,46 млн баррелей в сутки.

Adjust the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC to 40.46 mb/d, starting 1 January 2024 until 31 December 2024, which is to be distributed as per the attached table.

The kingdom’s energy minister Prince Abdulaziz bin Salman, Opec’s de facto leader, made the move as part of a deal in which several weaker African members will have quotas reduced from next year.

Earlier this year Russia introduced a voluntary cut of 500,000 b/d from March after EU sanctions on imports of most Russian oil and G7 price caps came into force.

Уникальная транспортная артерия “Север – Юг”, частью которой станет железная дорога Решт – Астара, поможет существенно диверсифицировать глобальные транспортные потоки.

China currently has the second largest number of nuclear plants globally comprising 56 reactors, with 20 units under construction, which will account for 10-15% of power production by 2035.

They expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability.

Since Western sanctions over the war in Ukraine cut off Russia from many of its established trading partners, state companies from Saudi Arabia and the United Arab Emirates have stepped in to take advantage of discounted prices for Russian products,