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News // Поиск по тегу 'opec'

LUKOIL eyes to expand its presence in Azerbaijan

Russia's company LUKOIL intends to expand its presence in Azerbaijan, Head of the company Vagit Alekperov told reporters on the sidelines of the 13th meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC) in Baku.

18 March 2019 , 17:00Neftegaz.RU0

Goldman: Brent oil to reach $70-$75 soon

 As the oil market continues to tighten significantly, Brent Crude oil prices could reach $70 to $75 a barrel in the near term, with an upside potential of exceeding the $67.50 a barrel forecast, according to Goldman Sachs.

25 February 2019 , 16:00Tsvetana ParaskovaNeftegaz.RU0

Barkindo: OPEC, allies should 'remain firm' in achieving output cuts

Mohammad Barkindo urged members of the producer group and its 10 allies to remain firm in achieving their output cut goals.

13 February 2019 , 12:06Neftegaz.RU0

Russian Energy Minister: Russia can’t cut oil production quickly

Due to weather and geological conditions in the cold Russian winter, Russia cannot cut its oil production too quickly, Alexander Novak said, reiterating Moscow's commitment to stick to the new OPEC+ deal and to gradually reduce production.

21 January 2019 , 01:53Tsvetana ParaskovaNeftegaz.RU0

Alexander Novak: Russia to cut oil output by 50,000 bpd by end of January

Russia has started to further cut its oil production and the level of reduction is expected to reach 50,000 barrels per day (bpd) by the end of January, said Russian Energy Minister Alexander Novak.

14 January 2019 , 00:03Neftegaz.RU0

Kuwait’s new Oil Minister affirms commitment to reduce production, stabilize market

Khaled al-Fadhel reiterated his commitment to OPEC's output reduction agreement.

27 December 2018 , 12:08Neftegaz.RU0

Alexander Novak: OPEC+ Deal has brought Russia $120 billion

Russia’s budget has received an additional $120 billion since Moscow’s cooperation deal with OPEC.

27 December 2018 , 10:11Tsvetana ParaskovaNeftegaz.RU0

Novak sees Russia's 2019 crude oil output at 11.165 mil b/d, possibly lower on OPEC deal

Novak expects his country's crude oil output in 2019 to be around 555-556 million mt.

18 December 2018 , 18:00Neftegaz.RU0

OPEC announces forecast on oil production in Azerbaijan

OPEC did not change the forecast for average daily oil production in Azerbaijan at the end of 2018.

14 December 2018 , 10:11Neftegaz.RU0

Novak sees Russia hitting OPEC plus oil output cut target within 4 months

Novak said that Russia could reach its target to cut oil production by 228,000 b/d under the OPEC/non-OPEC production cut agreement.

12 December 2018 , 14:10Neftegaz.RU0

Russia’s oil production cuts to take months to implement

After Russia agreed on December 7 to cut its oil production as part of the non-OPEC group tasked with cutting 400,000 bpd of oil production, Energy Minister Alexander Novak said it would take Russia months to get down to its requested level.

10 December 2018 , 00:02Julianne GeigerNeftegaz.RU0

All eyes on Vienna – OPEC+ must cut 1.5m barrels or wave goodbye to recovery

OPEC and its allies must cut oil production by 1.5 million barrels per day next year.

07 December 2018 , 12:08Neftegaz.RU0

Qatar to leave OPEC in January 2019

Qatar is set to leave the OPEC, having joined the cartel back in 1961.

03 December 2018 , 15:22Neftegaz.RU0

Russia: Production cuts are needed to stabilize oil markets

Russia has started to concede that it needs to join a fresh Saudi-led oil production cut.

30 November 2018 , 14:08Tsvetana ParaskovaNeftegaz.RU0

Oil slips as Russia mulls production cuts

 Russia’s energy ministry is discussing potential oil production cuts with local producers.

20 November 2018 , 16:08Tsvetana ParaskovaNeftegaz.RU0

Crude oil prices «just fine» around $70 per barrel, Putin says

Vladimir Putin said that $70 per barrel is a reasonable price.

16 November 2018 , 12:08Neftegaz.RU0

OPEC: Oil supply and demand gap could widen in 2019

JMMC concluded that the oil supply could rise above global requirements in 2019.

12 November 2018 , 17:25Neftegaz.RU0

Russian oil companies ready to continue cooperation within OPEC+

Russian oil companies are willing to continue cooperation on output with other countries within the OPEC/non-OPEC production agreement, but have yet to discuss an output cut or concrete volumes, officials said following a meeting with energy minister Alexander Novak.

12 November 2018 , 00:03Neftegaz.RU0

CEO: Rosneft has capacity to lift oil production by end-2018

Rosneft has the capacity to increase its crude oil production by the end of 2018 and will have additional capacity available in 2019.

26 October 2018 , 14:20Tsvetana ParaskovaNeftegaz.RU0

Bijan Zanganeh: No spare capacity in market to replace Iranian oil

Zanganeh said that the oil market doesn’t have the spare capacity to replace Iranian oil.

23 October 2018 , 14:08Neftegaz.RU0