W.Asia
2020, October, 20, 15:35:00
OPEC+ STABILIZE OIL MARKET
OPEC and 10 partners are set to ease their 7.7 million b/d collective production cuts by about a quarter to 5.8 million b/d at the start of 2021,
2020, October, 20, 15:30:00
MIDDLE EAST: DOUBLE IMPACT
Real GDP for oil exporters including Saudi Arabia and Iran will shrink 6.6% this year,
2020, October, 19, 14:15:00
TURKEY GAS RESERVES UP
The increase in the reserves is the result of continued drilling to a depth of 4,775 meters in the Tuna-1 well, which located a third reservoir in addition to the two reservoirs identified at around 3,500 meters depth in earlier drilling.
2020, October, 16, 12:55:00
ASIA'S LPG PRICES UP
Asia-Pacific [market] is rallying because of recovering demand, better than in October and ATC was also looking for cargoes, lending support to CPs
2020, October, 15, 13:10:00
ADNOC STRATEGIC PARTNERSHIP
Dr. Al Jaber also shared his perspective on the energy transition and outlined how ADNOC is preparing for the future energy landscape.
2020, October, 14, 11:55:00
OPEC PLANS TO REDUCE PRODUCTION
The 23-country OPEC+ alliance is in the midst of a 7.7 million b/d production
2020, October, 12, 11:50:00
OPEC+ PRODUCTION: 99%
OPEC's 13 members produced 24.34 million b/d in September, a fall of 30,000 b/d from August, while its nine partners, including Russia, produced 12.72 million b/d, an addition of 50,000 b/d.
2020, October, 7, 10:30:00
ASIA'S STOCKS UP
MSCI’s broadest index of Asia-Pacific shares outside Japan crept 0.4% higher to a fresh two-week peak, led by a 1.3% gain in Australia where an expansionary budget lifted stocks.
2020, October, 6, 15:40:00
IRAQ'S OIL EXPORTS UP
Iraq, OPEC's second-largest oil producer saw exports edge up to 3.063 million b/d in September from 3.023 million b/d in August, which was the lowest export rate since March 2015, data showed.
2020, October, 6, 15:35:00
UAE OIL PRODUCTION DOWN
UAE, the OPEC producer pumped 2.693 million b/d in August, 103,000 b/d above its quota of 2.590 million b/d under the OPEC + supply accord, and a rise of 293,000 b/d from what the country reported in July, when its cap was 2.446 million b/d.
2020, October, 2, 11:05:00
U.S., ISRAEL, UAE ENERGY COOPERATION
"Israel, the United Arab Emirates, and the United States are committed to exploring collective activities in multilateral settings in coordination with financial institutions and the private sector to enhance international investment in research and development and the rapid adoption of new energy technologies," the statement added.
2020, October, 1, 13:40:00
OPEC+ CUTTING COMPENSATION 2.375 MBD
OPEC and 10 allies, including Russia, are in the midst of a historic production cut accord aimed at helping the oil market recover from the COVID-19 pandemic. The curbs initially started at 9.7 million b/d for May-July, before tapering to 7.7 million b/d from August through the end of the year.
2020, October, 1, 13:15:00
SAUDI ARABIA GDP DOWN 7%
Gross Domestic Product (GDP) of Saudi Arabia contracted by 7.0% in real terms in the second quarter of 2020.
2020, September, 30, 12:50:00
SAUDI ARABIA RATINGS A-/A-2
Low oil prices and the COVID-19 pandemic are taking a toll on Saudi Arabia's economy and budget
2020, September, 25, 13:00:00
OPEC+ IRAQ REDUCING
OPEC’s second-biggest producer, Iraq has failed in the past to fully comply with OPEC+ oil output reductions,