OPEC Daily Basket Price: Friday, 23 August 2019, Stood at $59.67 a Barrel
Vienna, Austria, 26 August 2019–The price of OPEC basket of fourteen crudes stood at $59.67 a barrel on Friday, compared with $60.50 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), …
Petrofac and SOCAR JV Secures Engineering and Technical Services Contract in Azerbaijan
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured an Engineering and Technical Services contract to support Total and SOCAR’s Exploration & Production activities in Azerbaijan. The 12-month contract, with option to extend, will support activity in the Absheron natural …
Trump’s Oil Sanctions Leave Russian Exporters $1 Billion Richer
U.S. President Donald Trump’s sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters. Russian oil companies received at least $905 million in additional revenues between November and July. The calculation is based on the difference between the …
OPEC Daily Basket Price: Wednesday, 21 August 2019, Stood at $60.66 a Barrel
Vienna, Austria, 22 August 2019–The price of OPEC basket of fourteen crudes stood at $60.66 a barrel on Wednesday, compared with $59.94 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), …
Glencore, BP Stuck with Tainted Russian Crude
MOSCOW (Reuters) – BP and Glencore are struggling to sell around 600,000 tonnes of tainted Russian oil more than three months after the contamination was discovered, according to six trading sources. Russia’s oil industry was plunged into a crisis in April after about 5 million tonnes of oil for export …
Caspian Sunrise: Signs Export Sales Agreement, Wells being Prepped for Stimulation
The Board of Caspian Sunrise is pleased to provide an operational update at its flagship BNG Contract Area. First export licence sales from MJF We are pleased to confirm that a contract has been signed with an international oil trading group for the first 29,000 barrels of oil to be …
OPEC Daily Basket Price: Tuesday, 20 August 2019, Stood at $59.94 a Barrel
Vienna, Austria, 21 August 2019–The price of OPEC basket of fourteen crudes stood at $59.94 a barrel on Tuesday, compared with $59.46 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), …
Rosneft: Operating Results H1 2019 – Production Up 1.8%
H1 2019 AVERAGE DAILY HYDROCARBON PRODUCTION AMOUNTED TO 5.81 MMBOE, DEMONSTRATING A 1.8% GROWTH YOY H1 2019 AVERAGE DAILY LIQUIDS PRODUCTION REACHED 4.68 MMBPD, UP BY 2.1% YOY SAMOTLOR FIELD PRODUCTION STABILIZED AT 0.38 MMBPD GAS PRODUCTION IN H1 2019 AMOUNTED TO 33.43 BCM, UP BY 0.3% YOY REFINING DEPTH …
Rosneft: Financial Results H1 2019 – Income Up 9%, Debt Down
EBITDA increased by 12% YoY to RUB 1,063 bln with a margin improvement to 25% 1H 2019 Net income jumped by 9% YoY to RUB 325 bln, including by 1.5 times QoQ to RUB 194 bln Reduction of financial debt and trading liabilities by more than RUB 800 bln since …
OPEC Daily Basket Price: Monday, 19 August 2019, Stood at $59.56 a Barrel
Vienna, Austria, 20 August 2019–The price of OPEC basket of fourteen crudes stood at $59.56 a barrel on Monday, compared with $59.13 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), …