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March, Saturday



Question of the week

Will the russian Turkish stream be launched, or an apology to Erdogan is not enough?

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News // Поиск по тегу 'opec'

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

Kurdistan secures $3 bln loans from Rosneft, trading houses

Kurdistan has recently negotiated deals with Rosneft and with trading houses to secure $3 billion in loans that would be repaid with future oil sales.

01 March 2017 , 14:19Neftegaz.RU0

Russia sees U.S. oil production as a lid on oil prices

Gains in oil production from the US should establish a ceiling over crude oil prices on the global market, said the head of Lukoil Middle East.

28 February 2017 , 14:08Daniel J. GraeberNeftegaz.RU0

Saudis and Angola overtake Russia in January exports to China

Saudi Arabia has regained its position as top oil supplier to China in January, overtaking Russia which was last year’s biggest supplier to China after having pushed the Saudis from the top spot.

27 February 2017 , 10:38Neftegaz.RU0

Libya’s National Oil Corporation signs oil investment and purchase deals with Russian Rosneft

Rosneft PJSC signed investment and crude-purchasing agreements with Libya’s National Oil Corporation.

21 February 2017 , 18:00Neftegaz.RU0

Russneft 2017 sees oil output growth of at least 2.5% if OPEC cut deal not extended

Russneft expects to at least match last year's 7 million mt (140,171 b/d) crude output.

21 February 2017 , 14:14Neftegaz.RU0

Saudis lose South Korea oil market share to Iran as Iraq accelerates its own export plans

How much patience Saudi Arabia will have for other OPEC members not pulling their weight under the cartel's oil cutback agreement has taken on with news that the kingdom is losing a share of South Korea's oil market to Iran.

20 February 2017 , 15:23Neftegaz.RU0

Vladimir Putin: Clear signs of Russian economic growth

As oil prices stabilize in the wake of an OPEC-led production deal, Russian President Vladimir Putin said signs of economic strength are becoming clear. The Central Bank of Russia said all is well, even if oil drops to $40 per barrel.

20 February 2017 , 00:01Daniel J. GraeberNeftegaz.RU0

Minister Novak: Russia will consider extending participation in OPEC cutback agreement

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.RU0

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