OPEC - Participating OPEC and non-OPEC producing countries have set a new record in February with their voluntary production adjustments, achieving a level of 138%, according to the OPEC-non-OPEC Joint Ministerial Monitoring Committee (JMMC).

WNN - Asia needs nuclear energy to meet its economic, energy and environmental goals, but such plans are still in the development phase in the South East region of the continent, Agneta Rising, director general of World Nuclear Association, said.

AOG - China National Petroleum Corporation (CNPC), the world’s third largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with Abu Dhabi National Oil Company (ADNOC).

МИНЭНЕРГО РОССИИ - цель соглашения - баланс спроса и предложения на рынке - может быть достигнута, начиная с третьего или четвертого квартала этого года. «Нужно смотреть, как будет развиваться ситуация весной и в летний период во время роста спроса», - добавил Александр Новак.

BLOOMBERG - The Saudis see atomic energy as a way to ease their dependence on finite fossil fuels. But they are also driven by competition with their rival Iran, which has multiple nuclear facilities.

Oil production and prices will up

AOG - Total contributed a participation fee of $1.15bn to enter the Umm Shaif and Nasr concession and a fee of $300mn to enter the Lower Zakum concession. Both concessions are operated by ADNOC Offshore, a subsidiary of ADNOC, on behalf of all concession partners.

REUTERS - Israel expects a decision to go ahead with the construction of a 2,000 kilometer (1,243 mile) pipeline linking vast eastern Mediterranean gas resources to Europe to be made by early 2019, Israeli Energy Minister Yuval Steinitz told Reuters.

МИНЭНЕРГО РОССИИ - Александр Новак отметил, что одним из ключевых факторов углубления торгово-экономического сотрудничества является активная работа в инвестиционной и финансовой сферах. "Считаю необходимым активизировать работу в данном направлении с тем, чтобы обеспечить увеличение объемов торговли в наших национальных валютах, а также еще более упростить процедуры расчета», - сказал глава российского энергетического ведомства.

МИНЭНЕРГО РОССИИ - В ходе встречи стороны обсудили сотрудничество в инвестиционной сфере. Министр энергетики отметил подписание в январе 2018 года соглашения между «Сауди Арамко», концерном «Тоталь», российской газоперерабатывающей и нефтехимической компанией «СИБУР» и РФПИ о совместных инвестициях в строительство нефтехимического комплекса на территории Саудовской Аравии. Проект предполагает инвестиции на сумму более $1 млрд.

IAEA - Iran is implementing its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA), IAEA Director General Yukiya Amano told the Agency’s 35-member Board of Governors on Monday.

EIA - Nuclear electricity generation capacity in the Middle East is expected to increase from 3.6 gigawatts (GW) in 2018 to 14.1 GW by 2028 because of new construction starts and recent agreements between Middle East countries and nuclear vendors.

IMF - The Qatari economy remains competitive, though there are certain areas that deserve attention. Qatar has fallen to 25th place (out of 137) in the World Economic Forum’s Global Competitiveness Index (2017–18), down from 18 th in 2016–17. Nonetheless, it still ranks ahead of most emerging markets, a reflection of a stronger infrastructure base.

PLATTS - "I think we are seeing more cooperation, and my hope is that this group of OPEC and non-OPEC will incentivize the adequate investments among themselves to ensure we have adequate supply in the market," he said. "My worry is not an oversupply. My worry is an undersupply. Everyone is expecting that we will have more demand coming in the future."

PLATTS - The Trump administration will not certify the Iran nuclear deal, US Vice President Mike Pence said Thursday, increasing the likelihood of re-imposition of US sanctions on international sales of Iranian crude.