2021, May, 7, 14:55:00OPEC+ OVERPRODUCTION 3.3 MBD
Russia, the largest non-OPEC partner in the alliance, has increasingly flouted its cap over the last several months, with its excess production soaring to 877,000 b/d.
2021, May, 5, 16:20:00IRAN OIL EXPORTS WILL UP TO 2.5 MBD
Iran, an OPEC member whose oil exports have dwindled since the re-imposition of US sanctions in 2018, began in April indirect talks with the US in Vienna amid hopes for Washington to rejoin the 2015 Joint Comprehensive Plan of Action nuclear deal.
2021, May, 5, 16:10:00SAUDI ARAMCO NET INCOME $21.7 BLN
Net income for the first quarter of 2021 increased to SAR 81,440 ($21,717), from SAR 62,478 ($16,661) for the same period in 2020, primarily driven by higher crude oil prices, improved downstream margins and the consolidation of SABIC’s results, partly offset by lower crude oil volumes sold.
2021, May, 4, 12:00:00IRAQ NEED INVESTMENT $15 BLN
Basrah Gas Co., which counts Shell, Mitsubishi Corp. and Iraq's state-owned South Gas Co. as shareholders, will boost its production to 1.4 Bcf/d from the current 1 Bcf/d by 2025 at a cost of $3 billion,
2021, April, 23, 11:35:00OPEC+ PRODUCTION WILL UP
OPEC+ officials said they see no reason to be alarmed, and the group's production is set to rise anyway.
2021, April, 21, 14:35:00CHINA, IRAQ COOPERATION
The Sinopec award comes on the heels of an agreement between Iraq and Total to jointly work on developing four associated gas and solar power projects.
2021, April, 20, 13:40:00SAUDI'S OIL DOWN
The kingdom exported 5.63 million b/d in February, according to JODI data released April 19, down 957,000 b/d from January.
2021, April, 20, 13:25:00IRANIAN INTERIM DEAL
“We are on the right track and some progress has been made, but this does not mean that the talks in Vienna have reached the final stage,” Foreign Ministry spokesman Saeed Khatibzadeh told a weekly news conference in Tehran.
2021, April, 20, 13:20:00IRAN'S URANIUM UP TO 60%
The governments of France, Germany and the UK on 14 April responded to Iran's plans to enrich to 60% with "grave concern",
2021, April, 13, 13:30:00TURKEY, LIBYA OIL GAS COOPERATION
The two leaders are to hold broad talks on steps to further improve bilateral relations and to chair the first meeting of the Turkey-Libya High Level Strategic Cooperation Council.
2021, April, 12, 10:20:00OPEC+ OIL PRODUCTION UP 450 TBD
With the production gains, OPEC+ compliance with its quotas slipped to 111% in March, compared with 113.5% in February, juiced by Saudi Arabia voluntarily cutting an additional 1 million b/d since January.
2021, April, 12, 09:50:00IRAN, U.S. TALKS
Iran has insisted that the US drop all the sanctions it unilaterally imposed after withdrawing from the deal in 2018, while US officials have maintained that Iranian nuclear violations of the agreement must be rectified first.
2021, April, 12, 09:35:00SAUDI ARAMCO INVESTMENT $12.4 BLN
Upon closing, Aramco will receive upfront proceeds of around $12.4 billion, further strengthening its balance sheet through one of the largest energy infrastructure deals globally.
2021, April, 9, 11:10:00UAE HYDROGEN FOR JAPAN
Japan's Ministry of Economy, Trade and Industry on April 8 signed a memorandum of cooperation with the UAE's Ministry of Energy & Infrastructure to jointly consider developing an international hydrogen supply chain with an eye to supply the fuel to Japan.
2021, April, 9, 11:05:00SAUDI'S RENEWABLE INVESTMENT $16 BLN
The Kingdom wants to increase the generation capacity of renewable energy sources to about 58.7 gigawatts by 2030, of which 40 gigawatts (GW) would be from solar and 16GW from wind energy and the balance coming from other renewable energy sources,