Oil Back up on Expected OPEC+ Conservatism – Rystad Energy Oil Market Notes
Although prices fell sharply on Wednesday after surprisingly high crude stock builds in the US, today the dust settled and the market sentiment turned bullish ahead of the OPEC+ meeting, as traders expect the group to stand firm on its policy for a gradual modest production increase. Prices are rising …
22nd OPEC and Non-OPEC Ministerial Meeting Concludes
The 22nd OPEC and non-OPEC Ministerial Meeting, held via videoconference, concluded on Thursday November 4 2021. The meeting reaffirmed the continued commitment of the Participating Countries in the Declaration of Cooperation (DoC) to ensure a stable and a balanced oil market, the efficient and secure supply to consumers and to …
OPEC Daily Basket Price: Wednesday, 3 November 2021, Stood at $81.58 a Barrel
Vienna, Austria, 4 November 2021 – The price of OPEC basket of thirteen crudes stood at $81.58 a barrel on Wednesday, compared with $83.37 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), …
OPEC Daily Basket Price: Tuesday, 2 November 2021, Stood at $83.37 a Barrel
Vienna, Austria, 3 November 2021 – The price of OPEC basket of thirteen crudes stood at $83.37 a barrel on Tuesday, compared with $82.49 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 and RusGazDobycha Set Up a Joint Venture in Yamal
Gazprom and RusGazDobycha have established a joint venture Gazprom Dobycha Tambei to develop the Tambeyskoye field in Yamal. This was reported in the gas holding’s Telegram channel. The joint venture will develop and ensure the development of the Tambeyskoye field on the Yamal Peninsula with the start of gas production from …
ExxonMobil: to Sell a Stake in Joint Venture for Gas Production in the Black Sea
US oil and gas giant ExxonMobil has agreed to sell its stake in the development of natural gas fields in the Black Sea. It will be acquired by the Romanian state-owned company Romgaz for $ 1 billion. Exxon Mobil Corp. agreed to sell its 50% stake in the project for the development …
NOVATEK: to Launch the Harbeyskoye Field in the Yamalo-Nenets Autonomous Okrug Within a Few Weeks
NOVATEK will launch the Harbeyskoye oil and gas field in the Tazovsky District of the Yamalo-Nenets Autonomous District within a few weeks. This was stated by the head of the company’s investor relations department Alexander Nazarov. The Kharbeyskoye field is part of the North-Russian block, along with the North-Russkoye, Dorogovskoye and …
OPEC Daily Basket Price: Monday, 1 November 2021, Stood at $82.49 a Barrel
Vienna, Austria, 2 November 2021 – The price of OPEC basket of thirteen crudes stood at $82.49 a barrel on Monday, compared with $82.87 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), …
Andrei Babish: Europe Should Agree with Gazprom on Long-term Gas Contracts
Europe must agree with Russia on long-term gas supply contracts and use the capacity of Nord Stream 2. This was stated by the Prime Minister of the Czech Republic Andrei Babis. The Nord Stream gas pipeline is an investment of money from Gazprom and Western European companies. It was built and should …
Russian Oil Exports to Non-CIS Countries Decreased by 4.6% in 10 months
In January-October 2021, Russian oil exports to non-CIS countries amounted to 176.76 million tons, which is 4.6% less than in 2020. Such data are indicated in the operational summary of the CDU TEK. Average daily exports were fixed at 4.26 million barrels. Leap year correction has been taken into account. In total, …