2018, December, 14, 09:20:00RUSSIA - SAUDI ARABIA COOPERATION
IEA - Cooperation between Russia and Saudi Arabia is now the basis of production management with these two countries having a large capacity to swing output one way or the other. For them, prices falling further would place their budgets under great stress.
2018, December, 14, 09:05:00UAE OIL INVESTMENT
PLATTS - "The UAE is investing because we feel there is a requirement for this production, but we are not going to put that production into the market unless we feel there is a need for it," Mazrouei said after last week's OPEC meeting in Vienna.
2018, December, 14, 09:00:00IRAN'S OIL: NO CUTS
SHANA - “OPEC resolution states that the Secretary-General and OPEC's President would allow countries that subject to certain sanctions to be exempted from production cuts,” Zangeneh added.
2018, December, 12, 09:10:00RUSSIA WILL CUT 50 TBD
PLATTS - Russia will cut its liquids output by 50,000-60,000 b/d in January under the latest agreement with OPEC, energy minister Alexander Novak said Tuesday. "The monthly schedule for the output cut has already been [set]... We expect output will be cut by at least 50,000 b/d-60,000 b/d in January," he said, as reported by Prime news agency.
2018, December, 12, 09:05:00АЛЕКСАНДР НОВАК В ИНТЕРВЬЮ CNN: “НАШИ РЕШЕНИЯ ОСНОВАНЫ НА ФУНДАМЕНТАЛЬНЫХ ФАКТОРАХ РЫНКА”
МИНЭНЕРГО РОССИИ - Как отметил Александр Новак, принятое решение о снижении суммарной добычи на 1,2 млн барр./сутки отражает ожидания рынка накануне встречи стран ОПЕК и не ОПЕК. As noted by Alexander Novak, the decision to reduce the total production by 1.2 million barrels per day reflects the market expectations on the eve of the meeting of OPEC and non-OPEC countries.
2018, December, 12, 08:55:00IRAN SANCTIONS AGAIN
AN - US Energy Secretary Rick Perry said on Tuesday he had discussed his country’s sanctions against Iran with Iraqi energy officials and signalled an intention to step up US private sector investment in Iraq.
2018, December, 10, 08:55:00OIL PRODUCTION DOWN 1.2 MBD
OPEC - Accordingly, the 5th OPEC and non-OPEC Ministerial Meeting, following deliberations on the immediate oil market prospects and in view of a growing imbalance between global oil supply and demand in 2019, hereby decided to adjust the overall production by 1.2 mb/d, effective as of January 2019 for an initial period of six months. The contributions from OPEC and the voluntary contributions from non-OPEC participating countries of the ‘Declaration of Cooperation’ will correspond to 0.8 mb/d (2.5%), and 0.4 mb/d (2.0%), respectively.
2018, December, 10, 08:35:00AUSTRALIA: THE BIGGEST LNG
REUTERS - Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday.
2018, December, 10, 08:15:00ADNOC INCREASES VALUE
ADNOC - The Abu Dhabi National Oil Company (ADNOC) has announced its successful collaboration with IBM, piloting a Blockchain-based automated system to integrate oil and gas production across the full value chain.
2018, December, 7, 08:30:00RUSSIA - SAUDIS PACT
WSJ - Russia and Saudi Arabia have agreed to extend OPEC’s efforts to stabilize oil markets, Russian President Vladimir Putin said over the weekend, as the broader coalition of producers inches closer to a deal this week.
2018, December, 7, 08:20:00IRANIAN OIL PRICE: $60 - $70
SHANA - Asked about potential OPEC production cuts, Mr. Zangeneh said, “Different figures are proposed and we must wait and see what decision OPEC members will make.” He also said that $60 to $70 dollars per barrel would be reasonable for crude oil.
2018, December, 5, 09:50:00IRAQI OIL EXPORTS DOWN TO 3.372 MBD
PLATTS - Federal Iraq's crude oil exports fell to 3.372 million b/d in November, the lowest since April this year, as loadings were affected by rough weather, according to a statement from the oil ministry released over the weekend.
2018, December, 3, 12:00:00QATAR CANCELED IN OPEC
REUTERS - “Qatar has decided to withdraw its membership from OPEC effective January 2019 and this decision was communicated to OPEC this morning,” the minister said.
2018, November, 28, 12:10:00SAUDI ARAMCO INVESTMENT $150 BLN
REUTERS - Saudi Aramco’s gas expansion strategy needs $150 billion worth of investments over the next decade as the company plans to increase output and become an exporter, its chief executive said on Tuesday.
2018, November, 26, 13:35:00SAUDIS OIL UP TO 11 MBD
REUTERS - Saudi Arabia’s crude oil production has hit an all-time high in November of about 11.1-11.3 million barrels per day (bpd), an industry source familiar with the matter told Reuters on Monday.