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News // Поиск по тегу 'opec'

Why Russia expects $40 oil this year

Budget deficit is a fascinating thing. It can turn around economies if it's large enough or it can highlight their resilience, if it turns out to be not as large as expected. The thing is, no government can be 100 % certain in advance what budget deficit it will have to contend with in any future fiscal year.

09 January 2017 , 01:00Irina SlavNeftegaz.RU0

Venezuelan oil minister Del Pino has been removed from his post by President Maduro

Venezuelan President Nicolas Maduro replaced Eulogio del Pino as head of the Oil Ministry in the latest attempt to get the long-suffering country back on its feet.

06 January 2017 , 10:05Neftegaz.RU0

Kuwait confirms OPEC cut compliance

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.RU0

Asia's November imports of Iranian oil more than double from year ago

Imports of crude oil by Iran's 4 major buyers in Asia in November more than doubled for a 2nd straight month from a year ago, with purchases by India and South Korea more than 4 times higher.

30 December 2016 , 12:40Neftegaz.RU0

Venezuela vows to slash production, create 10 years of market stability

Venezuela, the OPEC member, whose economy has all but collapsed under the cartel's pre-cutback production frenzy that decimated crude prices, says it will reduce output by 95,000 barrels per day (bpd) in the New Year.

29 December 2016 , 18:09Neftegaz.RU0

OPEC and Russia talk gives oil prices a boost

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 , 12:04Daniel GraeberNeftegaz.RU0

Gazprom Neft starts new work in Serbia

A Russian oil company said its division in Serbia has opened up a new reserve area with the goal of moving from drilling to development next year.

23 December 2016 , 14:28Neftegaz.RU0

Russia sees oil markets balanced in late 2017

Only when crude oil markets balance out in the second half of next year can major players starting talking about market recovery, Russia's oil minister said.

22 December 2016 , 17:38Neftegaz.RU0

Lukoil: No directive to cut oil production in Iraq

There's been no directive from the government in Baghdad to curb oil production for next year, the head of a Russian oil company said.

20 December 2016 , 14:15Daniel J. GraeberNeftegaz.RU0

Russian producers agree to cut oil output but details elusive

Russia’s energy minister said he had reached a framework agreement with oil companies on how to implement an output cut, but the producers said there were still details to be worked out.

16 December 2016 , 10:07Neftegaz.RU0

Kirill Molodtsov: Russian firms highly potent to develop Iran oil fields

Russian Deputy Minister of Energy Molodtsov Kirill said Russian companies enjoy huge potentialities for developing Iranian oilfields.

12 December 2016 , 18:03Neftegaz.RU0

Russian oil producers loosely in line with OPEC

Russian oil companies have warmed to an OPEC decision on production levels, but only in very loose terms, the Russian energy minister said.

09 December 2016 , 12:11Neftegaz.RU0

Analyst says Russia cutting 300,000 barrels is a joke

Although the tone of some Organization for the Petroleum Exporting Countries earlier this year was that the global market was already rebalancing, two of the cartel's leading ministers now say in order for the rebalancing to work, non-members must contribute to the OPEC cutback scheme that was ratified last week.

08 December 2016 , 18:03Neftegaz.RU0

Venezuela says Russia played key role with OPEC

Russia was pivotal in the decision last week by members of OPEC to agree to a production ceiling starting in January, Venezuela's oil minister said.

08 December 2016 , 12:08Neftegaz.RU0

Russia’s Central Bank sticks to oil price forecasts

Еhe central bank of Russia has no plans to revise its current oil price estimates for the next 12 months despite the OPEC deal that saw international oil benchmarks pass the US$50 barrier and stay above it for a week now.

07 December 2016 , 10:07Irina SlavNeftegaz.RU0

Barkindo: OPECs’ decision to cut production not contingent upon talks with non-OPEC members

OPEC Secretary General Mohammad Barkindo said that OPECs’ decision to cut production and comply with the committed output levels is not contingent upon the outcome of the meeting with non-OPEC countries scheduled to take place on December 10, 2016.

06 December 2016 , 17:25Neftegaz.RU0

Azerbaijan’s Energy Minister plans Vienna visit for OPEC meeting

Azerbaijan’s Energy Minister Natig Aliyev will participate in OPEC’s meeting with non-OPEC countries that will be held on December 10 in Vienna.

06 December 2016 , 12:09Neftegaz.RU0

Lukoil: $60 oil price to be dominant in 2017

Lukoil expects that in 2017 oil prices will be around $60 per barrel, said Vice-President of Lukoil Leonid Fedun.

05 December 2016 , 12:53Neftegaz.RU0

Iranian President: No limit for oil production and exports

President Hassan Rouhani said that Iran has no limit for oil production and exports in the coming months.

05 December 2016 , 10:03Neftegaz.RU0

Oil-rich Russia sees economic growth ahead

The economy of oil-rich Russia could catch up with the rest of the world in about 10 years if the conditions are right, the country's finance minister said.

01 December 2016 , 18:09Daniel J. GraeberNeftegaz.RU0

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