OPEC Monthly Oil Market Report for January 2020
Crude Oil Price Movements The OPEC Reference Basket (ORB) value rose by $3.54, or 5.6%, month-on-month (m-o-m) in December, to average $66.48/b, the highest value since April 2019. Similarly, ICE Brent increased by $2.46, or 3.9%, m-o-m to average $65.17/b, while NYMEX WTI increased by $2.73, or 4.8%, m-o-m to …
NOVATEK: 2019 Operating Results – Total Hydrocarbon Production Up 7.5%
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the twelve months ended 31 December 2019. In 2019, NOVATEK’s hydrocarbon production totaled 590.1 million barrels of oil equivalent (boe), including 74.70 billion cubic meters (bcm) of natural gas and 12,148 thousand tons of liquids (gas condensate and …
OPEC Daily Basket Price: Tuesday, 14 January 2020, Stood at $65.63 a Barrel
Vienna, Austria, 15 January 2020—The price of OPEC basket of fourteen crudes stood at $65.63 a barrel on Tuesday, compared with $66.07 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
OPEC Daily Basket Price: Monday, 13 January 2020, Stood at $66.07 a Barrel
Vienna, Austria, 14 January 2020—The price of OPEC basket of fourteen crudes stood at $66.07 a barrel on Monday, compared with $67.02 the previous Friday, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
LUKOIL Board of Directors Summarizes Preliminary 2019 Results
LUKOIL Board of Directors held a meeting in Moscow today to summarize the Company’s preliminary 2019 results and set priorities for 2020 under the Strategic Development Program for 2018 – 2027. It was noted at the meeting that the Company successfully accomplished the second year’s goals within the ten-year strategy …
OPEC Daily Basket Price: Friday, 10 January 2020, Stood at $67.04 a Barrel
Vienna, Austria, 13 January 2020—The price of OPEC basket of fourteen crudes stood at $67.04 a barrel on Friday, compared with $67.26 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
RussNeft Produces 7.1 Million Tonnes of Oil and 2.462 Billion Cubic Meters of Gas in 2019
According to preliminary data, PJSC “RussNeft” produced 7.118 million tonnes of oil and about 2.462 billion cubic meters of gas in 2019. In the reporting year, 148 new oil wells were put into operation in the Company’s fields (139 entities in 2018) adding 1,251 million tonnes of production (970 thousand …
OPEC Daily Basket Price: Thursday, 9 January 2020, Stood at $67.26 a Barrel
Vienna, Austria, 10 January 2020—The price of OPEC basket of fourteen crudes stood at $67.26 a barrel on Thursday, compared with $69.60 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
TurkStream Gas Pipeline Officially Launched in Grand Ceremony
A grand opening ceremony for the TurkStream gas pipeline took place today. Attending the event were Vladimir Putin, President of the Russian Federation, Recep Tayyip Erdogan, President of the Republic of Turkey, Aleksandar Vucic, President of the Republic of Serbia, Boyko Borissov, Prime Minister of the Republic of Bulgaria, Alexander Novak, Minister of Energy of the Russian Federation, Fatih Donmez, Minister of Energy …
OPEC Daily Basket Price: Wednesday, 8 January 2020, Stood at $69.60 a Barrel
Vienna, Austria, 9 January 2020—The price of OPEC basket of fourteen crudes stood at $69.60 a barrel on Wednesday, compared with $69.62 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …