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News // Поиск по тегу 'opec'

Arab oil producers boast over half of the world’s reserves

The 11 Arab countries that comprise the OPEC  have combined proved reserves of 710 bln barrels of crude – 55.6 % of the world’s total.

11 April 2017 , 12:17Neftegaz.RU0

Russia sees slow economic growth irrespective of oil prices

Even if crude oil prices move above $60 per barrel, the Russian economy likely won't expand much more than 1 %, the head of the central bank said.

05 April 2017 , 16:11Daniel J. GraeberNeftegaz.RU0

Iranian crude oil exports close to record 3 million bpd

Total exports of crude oil and condensate averaged 2.8 million bpd in the months up to the new Iranian year (started on March 21).

04 April 2017 , 12:11Neftegaz.RU0

Russia reaches 2/3 of oil output cut target

Russia has cut crude oil production by 200,000 barrels daily, Energy Minister Alexander Novak said.

31 March 2017 , 14:16Irina SlavNeftegaz.RU0

Iran and Russia to boost trade exchanges to $10 billion

Tehran and Moscow intend to increase the volume of their annual trade exchanges to 10 bln dollars, President Rouhani says.

30 March 2017 , 10:09Neftegaz.RU0

Russia's Lukoil to invest more offshore this year

Lukoil aims to invest at least 4 times as much on offshore oil and gas exploration than it did last year.

28 March 2017 , 12:10Daniel J. GraeberNeftegaz.RU0

Non-OPEC cutback participant Russia sees oil at $40/bbl heading into 2018

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.RU0

Saudi retains top oil supplier to China despite yr/yr drop

Saudi Arabia maintained its spot as China's top oil supplier in February.

23 March 2017 , 14:10Neftegaz.RU0

Russia remained the world’s top oil producer in January

Russia remained the world’s largest oil producer in January, according to new statistics.

22 March 2017 , 16:07Neftegaz.RU0

Oil-rich Russia revises GDP growth estimate higher

As crude oil prices recover from last year's historic decline, the Russian finance minister said the outlook for gains in gross domestic product have improved.

21 March 2017 , 12:13Neftegaz.RU0

Fitch: Azerbaijan's energy company facing mixed pressures

The state energy company of Azerbaijan, a party to OPEC-led balance efforts, beat its peers in terms of revenue, but remains pressured, a ratings agency said.

17 March 2017 , 16:26Daniel J. GraeberNeftegaz.RU0

IEA: Oil production rising, demand slowing in 2017

The growing consensus that the OPEC oil cutback initiative isn't working has been met by OPEC members insisting that their efforts combined with rising demand will result in a market rebalance.

17 March 2017 , 14:35Neftegaz.RU0

India’s oil imports from Iran trebled in February

The latest shipping figures show that India’s imports of crude oil from Iran in February increased by about 3 times.

17 March 2017 , 12:14Neftegaz.RU0

Lukoil calls for more oil cuts

Vagit Alekperov is encouraging OPEC and non-OPEC countries to extend their oil production cuts to help prop prices.

17 March 2017 , 10:11Neftegaz.RU0

Rosneft says oil production cuts may not be extended

Rosneft sees a lack of will among the main signatories to the OPEC/non-OPEC deal and U.S. shale production as the main risks to a possible extension of the global supply cut deal.

14 March 2017 , 17:29Neftegaz.RU0

OPEC’s Barkindo: Russia doing a good job on production cuts

OPEC Secretary General Mohammad Barkindo has praised Russia’s commitment to the oil production cuts.

10 March 2017 , 12:14Neftegaz.RU0

Saudi/Russian vow to fortify oil cutbacks undercut by Iraq promising production hike to 5 mln bpd

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.RU0

Alexander Novak points to challenges in oil market

Despite OPEC and non-OPEC countries lowering their individual oil production levels to push crude prices higher, there are still challenges remaining in the global oil market.

07 March 2017 , 12:12Neftegaz.RU0

Russia expects oil and gas revenue to bounce back in March

After a budget shortfall in February, Russia's finance minister said the country expected to receive more than $1 billion in oil and natural gas revenue this month.

06 March 2017 , 10:36Neftegaz.RU0

Lukoil reports oil production declines for 2016

Lukoil said its oil production for 2016 was 8.6 % lower than in 2015, but higher for the fourth quarter by about 2.5 %.

03 March 2017 , 10:12Neftegaz.RU0

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