W.Asia
2020, December, 18, 11:35:00
ADNOC RATING 'AA'
Fitch Ratings has affirmed Abu Dhabi National Oil Company's (ADNOC) Long-Term Issuer Default Rating (IDR) at 'AA' with a Stable Outlook.
2020, December, 9, 11:35:00
OPEC+ PRODUCTION CUTS 100.2%
OPEC+ compliance with its production cuts stayed stable at 100.2%.
2020, December, 8, 13:05:00
OPEC+ OIL PRODUCTION CUTS 7.2 MBD
In April 2020, the OPEC+ decided to cut their overall crude oil production by 9.7 mb/d over the 1 May 2020 - 30 June 2020 period, in an attempt to reduce the global oversupply and to firm up depressed oil prices in a context of COVID-19 pandemic.
2020, December, 7, 13:20:00
RUSSIA OIL PRODUCTION WILL UP
"Russia's increase starting January is around 125,000 b/d, we discussed it with oil companies," Novak said during the OPEC+ press conference.
2020, December, 4, 12:35:00
OPEC+RUSSIA EXTENSION
Beginning in January 2021, DoC participating countries decided to voluntary adjust production by 0.5 mb/d from 7.7 mb/d to 7.2 mb/d.
2020, December, 1, 13:25:00
OPEC: OIL DEMAND GROWTH 6.1 MBD: 2021
Next year, the global economy is forecast to return to growth, expanding by an estimated at 4.4%, and oil demand growth is expected to be high, in the tune of 6.1 mb/d.
2020, December, 1, 13:05:00
MIDDLE EAST ENERGY TRANSITION
85pc of issuers and investors in the Middle East to reallocate capital towards green financing goals by 2025.
2020, November, 30, 12:00:00
OPEC+ RUSSIA CONSENSUS
Saudi Arabia and Russia had invited ministers on the nine-country monitoring committee that they co-chair to informal discussions to hash out positions ahead of the official meeting.
2020, November, 30, 11:55:00
OPEC+ RUSSIA EXTENSION
The fact that US shale is not recovering strongly is further cause for Russia to continue to support ongoing cooperation within OPEC+.
2020, November, 30, 11:40:00
SAUDI ARABIA, UAE DIGITAL CURRENCY
In a joint statement the Central Bank of the United Arab Emirates (CBUAE) and the Saudi Central Bank (SAMA) launched the ‘Aber’ project, which seeks to evaluate the feasibility of issuing a digital currency for use between the two central banks.
2020, November, 27, 11:55:00
РОССИЯ - ИРАК: ИНВЕСТИЦИИ $10 МЛРД.
«В результате многолетнего сотрудничества России и Ирака совокупный объём инвестиций российских компаний в развитие иракских нефтяных месторождений превысил $10 млрд», – сообщил Николай Шульгинов.
2020, November, 27, 11:30:00
SAUDI ARABIA'S CARBON CONCEPTION
The circular carbon economy concept has been endorsed by G20 member states but has yet to be put into practice, and the kingdom has not revealed any timelines or targets associated with the plan.
2020, November, 25, 11:50:00
TURKEY'S RENEWABLES UP
In April, Turkey's power production from local and renewable sources was at the level of 80%, Dönmez said, adding that these numbers indicate records on a monthly basis since 2000.
2020, November, 24, 12:40:00
ADNOC, UAE OIL INVESTMENT $122 BLN
At the meeting, the SPC approved ADNOC’s capital expenditure (CAPEX) plan of AED 448 billion ($122 billion) for 2021-2025 to enable smart growth.
2020, November, 20, 13:30:00
SAUDI ARABIA, RUSSIA OIL FOR CHINA
Saudi Arabia was catching up with Russia which has exported about 1.7 million bpd of oil to China so far in 2020, with Iraq at a third place with about 1.2 million bpd.
