2017, December, 17, 12:47:00Russia's Novak Sees $50 $60 Oil Price This Summer
Russia's Novak Sees $50 $60 Oil Price This Summer
2017, December, 11, 09:55:00SAUDIS OIL FOR JAPAN
REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.
2017, December, 6, 12:20:00LIBYA - OPEC DEAL
BLOOMBERG - Libya, which has been stepping up efforts to boost oil output, will maintain its current production level until the end of next year to stay in line with OPEC’s agreement to trim global supplies.
2017, December, 6, 12:15:00MEDITERRANEAN GAS FOR EUROPE
PENNENERGY - significant deposits already discovered in the east Mediterranean, including Israel's Leviathan field are "just the tip of the iceberg" and that "it's very likely" that more gas will be found in Cypriot waters.
2017, December, 4, 23:10:00SAUDI ARABIA - RUSSIA COMPROMISE
REUTERS - The outcome represents a successful compromise between de facto OPEC leader Saudi Arabia (which wanted to announce an extension throughout 2018) and non-OPEC heavyweight Russia (which wanted to avoid giving such a long commitment).
2017, December, 1, 12:55:00SAUDIS & RUSSIA LEADERSHIP
PLATTS - Saudi Arabia reasserted its leadership of the oil market Thursday after brokering its desired extension of output cuts with OPEC and non-OPEC partners through to the end of 2018. The deal -- agreed after nearly nine hours of negotiations in Vienna -- kept its new ally Russia onside and prevented a sell-off that many analysts had feared.
2017, December, 1, 12:50:00OPEC & RUSSIA CUTS
BLOOMBERG - OPEC and its allies outside the group agreed to maintain oil production cuts until the end of 2018, extending their campaign to wrest back control of the global market from America’s shale industry.
2017, November, 29, 09:45:00ADNOC INVESTMENT $100 BLN
ADNOC - The SPC approved ADNOC’s plans for capital expenditure of over AED 400 billion, over the next five years, as it embarks on its Upstream and Downstream expansion and growth projects. The SPC also approved ADNOC’s plans to explore and appraise Abu Dhabi’s unconventional gas resources, as the company seeks to enable future value creation from its untapped gas resources. And, the SPC gave the green light to ADNOC to pursue international downstream investments that will position ADNOC as a global player in the downstream market.
2017, November, 24, 09:15:00SAUDI'S OIL FOR CHINA
BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.
2017, November, 17, 19:40:00ADNOC OUTPUT UP
OGJ - ADNOC is increasing its total production capacity to 3.5 million b/d next year from about 3.1 million b/d at present.
2017, November, 17, 19:35:00ADNOC & CNPC COLLABORATION
OGJ - Abu Dhabi National Oil Co. (ADNOC) and China National Petroleum Corp. (CNPC) signed an agreement covering potential collaboration, including potential offshore opportunities and the sour gas development projects.
2017, November, 13, 10:15:00SAUDI ARAMCO SIGNED $4.5 BLN
Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas production, and localize domestic content. The agreements are valued at nearly $4.5 billion in total.
2017, November, 1, 13:20:00INDONESIA NEED SAUDI'S LPG
Indonesia plans to increase LPG imports from Saudi Arabia and the UAE in a bid to meet rising domestic demand, Energy and Mines Ministry spokesman Dadan Kusdiana said
2017, October, 30, 11:40:00SAUDIS PROGRESS
IMF - Saudi Arabia had made good progress in initiating its ambitious reform agenda. Fiscal consolidation efforts are beginning to bear fruit. Progress with reforms to improve the business environment are gaining momentum, and a framework to increase the transparency and accountability of government is in place. Effective prioritization, sequencing, and coordination of the reforms is essential, and they need to be well-communicated and equitable to gain social buy-in to ensure their success.
2017, October, 30, 11:15:00SABIC PROFIT UP 10.7%
Reuters - Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, reported a 10.7 percent rise in third-quarter net profit on Sunday, beating analysts’ estimates.