OPEC Daily Basket Price Monday, 8 November 2021, Stood at $82.34 a Barrel
Vienna, Austria, 9 November 2021 – The price of OPEC basket of thirteen crudes stood at $82.34 a barrel on Monday, compared with $80.11 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), …
Oil Prices Recover as Bullish Signs Return with a Vengeance After OPEC+ Meeting – Rystad Energy Oil Market Notes
When the market saw oil prices fall after last week’s OPEC+ meeting most observers knew this was an exaggerated reaction and the expectation was that prices would quickly jump back as there was no surprise to justify the drop. In fact, the global oil market conditions through year-end became more …
OPEC Daily Basket Price: Friday, 5 November 2021, Stood at $80.11 a Barrel
Vienna, Austria, 8 November 2021 – The price of OPEC basket of thirteen crudes stood at $80.11 a barrel on Friday, compared with $81.42 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), …
Gazprom: Completes Gas Injection into UGS Facilities in Russia and Goes Over to European Storage Facilities
Gazprom is completing gas injection into underground storage facilities in Russia to ensure uninterrupted gas supply to the domestic market in the coming winter and is starting to increase supplies to UGS facilities in Europe. Such plans of the company were announced at the end of October by the chairman of …
Former Russian Energy Minister Sergei Shmatko Dies
Former Russian Energy Minister Sergei Shmatko has passed away. He was fifty-five years old. “A week ago, the ex-minister was diagnosed with a coronavirus. Shmatko was admitted to hospital 52. Sergey Shmatko was the Minister of Energy of the Russian Federation from 2008 to 2012. On June 1, 2013, he was appointed …
Zoltav Resources: Update Re Transaction Between Shareholders
Zoltav, the Russia-focused oil and gas exploration and production company, has been notified of certain amendments to the terms of a transaction between two shareholders in the Company which was announced on 29 December 2020. As previously announced, ARA Capital Holdings Limited (“ARA Capital Holdings”) agreed to buy, and Bandbear Limited (“Bandbear”) agreed …
OPEC Daily Basket Price: Thursday, 4 November 2021, Stood at $81.42 a Barrel
Vienna, Austria, 5 November 2021 – The price of OPEC basket of thirteen crudes stood at $81.42 a barrel on Thursday, compared with $81.58 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), …
Upstream and Petrochemicals Boosted MOL’s Q3 Results, World Market Turmoil Represents Unpredictability
Today, MOL Group announced its financial results for the third quarter of 2021. Supported by the macro-economic environment, the doubling petrochemicals margins compared to last year and the internal performance of the company, Clean CCS EBITDA strongly rebounded and came in at USD 1,025mn in Q3 2021. This result brought …
How Nord Stream 2 and the Rise in Gas Tariffs in Ukraine are Connected
Europe needs gas, but it is in no hurry to launch Nord Stream 2, which was built back in September. Although only the news of the timing of the start of its work could reduce the exchange gas prices, breaking records since mid-summer 2021. The official reason for the delay is the …
Gas Market Bearish but Caution is Advised Until New Supplies Materialize – Rystad Energy Gas and LNG Market Comments
In Asia, after several months’ efforts on restocking, Chinese storages have largely completed their gas injections. Our data indicates Chinese LNG imports dropped more than 50% last week to around 15 cargoes, a number we see staying flat for the current week. Overall regasification facility utilization dropped to below 90% …