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W.Asia

W.Asia
2018, June, 13, 13:15:00
SAUDIS OIL PRODUCTION: 10 MBD
BLOOMBERG - Saudi Arabia, which along with Russia is trying to garner support for lifting output limits, told the Organization of Petroleum Exporting Countries that its daily production rose 162,000 barrels a day to 10.030 million in May compared with the previous month, a person with knowledge of the data said, asking not to be identified because the information isn’t public.
W.Asia
2018, June, 13, 13:00:00
CHINA - IRAN PARTNERSHIP
PLATTS - China and Iran have agreed to strengthen strategic cooperation during Iranian President Hassan Rouhani's visit to China, possibly paving the way for steady crude flows between the two countries.
W.Asia
2018, June, 13, 12:50:00
QATAR LNG - 2024: 100 MLN MT
PLATTS - "There is no LNG supply glut," Sada said. "There may be a surplus of only 10 million mt/year of LNG in the early 2020s [but] in a 350 million mt/year LNG market, this means that the market is practically in balance," he said.
W.Asia
2018, June, 8, 12:55:00
VENEZUELA IRAN SANCTIONS
BLOOMBERG - Venezuela wrote to fellow OPEC members urging them to unite against U.S. sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter.
W.Asia
2018, June, 6, 12:20:00
OPEC - RUSSIA OPINION
REUTERS - “We have to look into the situation which has panned out on the market today, from the point of view of the volume cuts, inventories decline, shortages on the market, and to adjust the figures,” Novak told reporters.
W.Asia
2018, June, 6, 11:59:00
QATAR IS OK
BLOOMBERG - By most metrics, the embargo that closed Qatar off from major air, sea, and land links has failed. The country’s imports and exports are up, according to the International Monetary Fund. Qatar, the world’s richest country per capita thanks to massive reserves of natural gas, is on track to post a budget surplus in 2018. Its economy is growing faster than most of its peers.
W.Asia
2018, June, 6, 11:45:00
ABU DHABI INVESTMENT: $13.6 BLN
BLOOMBERG - Abu Dhabi plans to spend $13.6 billion over three years and allow freezone-based companies to take part in government tenders as the oil-rich emirate seeks to stimulate the economy.
W.Asia
2018, June, 6, 11:40:00
ENI: NO IRAN SANCTIONS
REUTERS - Eni has no material exposure to Iran and so will not be affected by sanctions announced by the U.S. administration, a spokesman for the Italian oil major said
W.Asia
2018, June, 6, 11:35:00
SAIPEM'S CONTRACT $1.3 BLN
SAIPEM - Saipem has been awarded a Pipeline Project in the E&C Offshore sector in the Middle East worth approximately 1.3 billion USD.
W.Asia
2018, June, 4, 13:35:00
IRAN'S OIL EXPORTS 2.7 MBD
SHANA - The country exported 2.4 mbd of crude oil and 300,000 b/d of gas condensate, ultra light crude oil, during May.
W.Asia
2018, June, 4, 13:30:00
IRAN NEEDS SUPPORT
SHANA - The Iranian Minister of Petroleum further stressed that should the sanctions lead to any reduction in the oil market share of the I.R. Iran, Tehran, once the illegal limitations were resolved, reserves the right to return to its oil market share in the shortest possible time and resume its normal production-level and that it would not accept any limitations in that regard.
W.Asia
2018, June, 4, 13:15:00
QATAR'S GDP GROWTH 2.6%
IMF - The near-term growth outlook is broadly positive. Overall, GDP growth of 2.6 percent is projected for 2018. Inflation is expected to peak at 3.9 percent in 2018—as the impact of the value-added tax being introduced during the second half of 2018 would mostly be felt in that year—before easing to 2.2 percent in the medium term. The availability of significant external and fiscal buffers and the strong financial sector should enable the country to withstand downside risks, including lower-than-envisaged oil prices, tighter global conditions and an escalation of the diplomatic rift.
W.Asia
2018, May, 30, 13:50:00
OPEC: CONFORMITY LEVEL 152%
OPEC - The JMMC reported that participating countries have achieved a conformity level of 152% during the fourth month of the second year of the Declaration of Cooperation. This demonstrates the commitment of participating countries to the restoration of market stability, which is intended to serve the long term interests of producers, consumers and the global economy.
W.Asia
2018, May, 25, 10:50:00
RUSSIA - SAUDIS DISCUSSION
FT - "We will discuss the current situation, the outlook and possible further actions to be taken within the framework of our deal. Speaking of relaxing the deal: it is possible but should be based on a thorough analysis of the situation," Mr Novak told the Financial Times. "Generally speaking, we are quite flexible."
W.Asia
2018, May, 23, 10:21:00
IRAN - EUROPE NUCLEAR
WNN - "We met today to confirm the continuing commitment of the European Commission and the Atomic Energy Organisation of Iran towards the implementation of the Joint Comprehensive Plan of Action, and in particular its Annex III which addresses civil nuclear cooperation," Cañete and Ali Akhbar Salehi, president of the AEOI, said in a joint statement on 19 May. "We believe that the continuing implementation of the JCPOA, which was unanimously endorsed by UN Security Council Resolution 2231, is crucial for the development and progress of the region as well as the global peace and security."