OPEC Daily Basket Price: Monday, 10 May 2021, Stood at $67.10 a Barrel
Vienna, Austria, 11 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.10 a barrel on Monday, compared with $66.57 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), …
Russia’s Rosneft to Sell Southern Assets to Focus on Vostok Oil, Sources Say
Rosneft is selling its three southern oil assets and could complete deals for all three by the end of May, sources told Reuters on Wednesday, as Russia’s top oil company shifts focus to the giant northern Vostok Oil project. Vostok Oil, in which global commodities trader Trafigura has a 10% …
OPEC Daily Basket Price: Friday, 7 May 2021, Stood at $66.57 a Barrel
Vienna, Austria, 10 May 2021 – The price of OPEC basket of thirteen crudes stood at $66.57 a barrel on Friday, compared with $67.49 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), …
OPEC Daily Basket Price: Thursday, 6 May 2021, Stood at $67.49 a Barrel
Vienna, Austria, 7 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.49 a barrel on Thursday, compared with $68.20 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), …
MOL Group Q1 Results: Strong Quarter Despite Third Wave of Pandemic and Lockdowns
MOL Group announced its financial results for Q1 2021. MOL Group delivered USD 664mn Clean CCS EBITDA in Q1 2021, 7% higher than last year in the same quarter, despite the third wave of the Covid-19 pandemic and the subsequent travel restrictions and lockdowns in Central and Eastern Europe. Strong …
GECF Expert Commentary – New trends on the global market of LNG carriers
The Covid-19 pandemic has brought new challenges for the global gas industry, with the LNG shipping market not being an exception. Because of the Covid-19 pandemic, the market witnessed a reduction in the global gas demand in 2020, which resulted in a slowdown of the global LNG trade and lower-than-expected …
OPEC Daily Basket Price: Wednesday, 5 May 2021, Stood at $68.20 a Barrel
Vienna, Austria, 6 May 2021 – The price of OPEC basket of thirteen crudes stood at $68.20 a barrel on Wednesday, compared with $66.67 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), …
RusGazBurenie and Schlumberger Sign MOU
An agreement was signed on the 18-th of March 2021 in Moscow. RusGazBurenie LLC and Schlumberger have partnered together with a Memorandum of Understanding for technological cooperation. The document was signed by Ilkam Mukhametshin, General Director of RusGazBurenie, and Yuri Pankov, RUL Managing Director. The new agreement is a logical …
OPEC Daily Basket Price: Tuesday, 4 May 2021, Stood at $66.67 a Barrel
Vienna, Austria, 5 May 2021 – The price of OPEC basket of thirteen crudes stood at $66.67 a barrel on Tuesday, compared with $65.09 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), …
Petrosibir: New Reserves – Bashkiria
Following the successful drilling of the first exploration well on the Suyanovskoye licence, 51% of which is owned by Petrosibir, the Company prepared and successfully filed a reserves report with the State Reserves Committee. The authorities have now approved and registered C1 reserves of 6.4 million barrels and C2 reserves …