OPEC Daily Basket Price: Monday, 17 June 2019, Stood at $61.60 a Barrel
Vienna, Austria, 18 June 2019–The price of OPEC basket of fourteen crudes stood at $61.60 a barrel on Monday, compared with $61.25 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), …
TATNEFT Appoints Vitaly Gataullin as Deputy General Director for Digital Development
Vitaly Kashafovich Gataullin, who previously held the position of Advisor to the General Director on Organizational Development of PJSC TATNEFT, was appointed Deputy General Director for Digital Development. Changes in the organizational structure of the Company were carried out with a view to further improve the management system of the …
Gazprom Neft Doubles FY2018 Dividend Payments, to RUB30 Per Share
The Gazprom Neft Annual General Meeting of Shareholders has taken place in St Petersburg, with shareholders approving the 2018 Annual Report and Accounts. The company’s shareholders also supported the Board of Directors’ recommendation that dividends be paid in the amount of RUB30 per ordinary share (including a dividend of RUB22.05 per ordinary share based on the first nine months of FY2018). …
Equinor, SOCAR Mull Development of Karabakh Field
In July, Azerbaijan’s state oil company SOCAR and its partner on exploration and development of the Karabakh field will familiarize themselves with the progress of work on the reconstruction of the drilling rig, which will be used at an evaluation exploratory well at the field, Trend reports with reference to SOCAR. They …
Gazprom Neft Urges OPEC to Raise Oil Output
Gazprom Neft CEO: oil prices at $55-65/bbl acceptable Gazprom Neft: OPEC+ deal should stay, output should rise Gazprom Neft aims to up exposure to Iraq CEO of Gazprom Neft says company plans to boost dividends (Adds detail, quotes) OPEC and non-OPEC producers should raise oil production starting from the second …
OPEC Daily Basket Price: Friday, 14 June 2019, Stood at $61.25 a Barrel
Vienna, Austria, 17 June 2019–The price of OPEC basket of fourteen crudes stood at $61.25 a barrel on Friday, compared with $61.51 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: Thursday, 13 June 2019, Stood at $61.51 a Barrel
Vienna, Austria, 14 June 2019–The price of OPEC basket of fourteen crudes stood at $61.51 a barrel on Thursday, compared with $61.01 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), …
Saudi Aramco Offers To Buy Into Russia’s Arctic LNG 2 Project
Saudi Arabia’s oil giant Aramco has offered to buy a stake in Russia’s liquefied natural gas project Arctic LNG 2 and hopes that project operator Novatek will accept the offer, Saudi Arabia’s Energy Minister and chairman at Aramco, Khalid al-Falih, told Russian news agency TASS in an interview published on Monday. Saudi …
OPEC Monthly Oil Market Report for June 2019
Crude Oil Price Movements The OPEC Reference Basket (ORB) eased in May, dropping m-o-m by 81¢, or 1.1%, to average $69.97/b. Crude oil futures prices ended May sharply lower, reaching their lowest levels since February, registering high volatility, particularly late in the month, fuelled by uncertainty about world economic and …
Oil Output at Kazakhstan’s Kashagan Hits Record of 400,000 bpd
Oil output at Kazakhstan’s Kashagan field reached an all-time high of 400,000 barrels per day (bpd) on Tuesday, three sources familiar with daily production data told Reuters. Oil production on Kashagan might rise further to 410,000 bpd in coming months, two industry sources familiar with the development plan said. Output …