News // Middle East and OPEC
Saudi Aramco will be launching in 2018 the revamped Muajjiz oil terminal on the Red Sea that would raise the Kingdom’s oil loading and export capacity to 15 mln bpd.
02 May 2017 , 14:16Neftegaz.RU3910
Russia has effectively reached its 300,000-bpd production cut target under its agreement with OPEC.
02 May 2017 , 12:11Neftegaz.RU4280
There is only one thing standing in the way of higher oil prices, and it is not U.S. shale companies. The only obstacle standing in the way of higher oil prices today is Russia.
01 May 2017 , 00:01Neftegaz.RU4720
OPEC's secretary general confirmed to Russian media that members of a committee reviewing an oil production deal are preparing for meetings in May.
19 April 2017 , 16:24Neftegaz.RU3920
Russia's oil production will reach a record high of 549 million tons in 2017 despite a planned output reduction.
13 April 2017 , 12:12Neftegaz.RU6010
Oil prices closed higher on April 7 for the 2nd week in a row — and the coming 7 days could be another good period of growth.
10 April 2017 , 13:00Neftegaz.RU4010
Oman has struck a deal with several banks for a $4 bln loan to be repaid in future oil deliveries. Abu Dhabi signed a contract with Vitol to supply it with over half a million tons of liquefied petroleum gas annually over the next decade in exchange for an upfront payment. Other Middle Eastern producers are also considering oil-for-loan schemes, desperate for cash as oil prices stubbornly refuse to go up to the levels they need.
03 April 2017 , 00:03Neftegaz.RU4380
Russia has cut crude oil production by 200,000 barrels daily, Energy Minister Alexander Novak said.
31 March 2017 , 14:16Neftegaz.RU5130
Russia said that it sees Urals at an average of $50 per barrel this year, but falling to $40 at the end of 2017 and staying near that level until 2019.
27 March 2017 , 17:39Neftegaz.RU6500
Vagit Alekperov is encouraging OPEC and non-OPEC countries to extend their oil production cuts to help prop prices.
17 March 2017 , 10:11Neftegaz.RU5260
OPEC Secretary General Mohammad Barkindo has praised Russia’s commitment to the oil production cuts.
10 March 2017 , 12:14Neftegaz.RU5370
Saudi Arabia and Russia presented a united front on compliance - only to have the rug pulled out from under them by Iraq boasting that it will be able to produce 5 mln barrels per day (bpd) by the 2nd half of this year.
09 March 2017 , 18:00Neftegaz.RU5190
Alexander Novak, energy minister, told that Russia considers it possible to extend its participation and will decide on the issue several months short of the agreement's expiry date.
17 February 2017 , 16:10Neftegaz.RU6220
Russia could move quicker than expected on trimming oil production under the terms of an OPEC-led agreement.
03 February 2017 , 12:09Neftegaz.RU6430
Crude oil shipments to Japan from its biggest supplier, Saudi Arabia, won’t be impacted by the agreement between OPEC and non-OPEC countries to cut output.
27 January 2017 , 18:00Neftegaz.RU7020
Trump has reiterated his vow to make America energy independent by releasing an America 1st Energy Plan whose highlights include taking advantage of the country's estimated $50 trln in untapped shale, oil, and natural gas reserves.
25 January 2017 , 12:11Neftegaz.RU7490
Russia lowered its oil output in the wake of a landmark deal struck in November by the OPEC to spur prices through reduced production.
23 January 2017 , 10:37Neftegaz.RU5220
An agreement to cut oil production to meet with the terms of an OPEC agreement reached in November holds through the 1st quarter, the Kuwait Petroleum reported.
05 January 2017 , 10:10Neftegaz.RU7130
A year-end gain in crude oil prices on the first full trading day after the Christmas holiday was boosted by OPEC and signals from a top Russian oil producer.
28 December 2016 , 12:04Neftegaz.RU7300
Minister of Petroleum Bijan Zangeneh says Russian Lukoil company seeks oil swap with Iran and talks in that direction are going on.
19 December 2016 , 11:58Neftegaz.RU5360