OPEC Monthly Oil Market Report, December 2020
Crude Oil Price Movements Spot crude prices settled sharply higher in December, extending the previous month’s gains, buoyed by a further improvement in physical market fundamentals and strong crude buying from the Asia Pacific region. The OPEC Reference Basket increased by $6.56, or 15%, month-on-month (m-o-m), to stand at $49.17/b …
Petrosibir: Production Report for December 2020
Petrosibir’s total oil production during December 2020 amounted to 33,388 barrels, equivalent to 1,077 barrels per day. The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region. TOTAL PRODUCTION, BBL 2019 2020 Average Jan Feb Mar Apr May Jun Bashkiria 10 469 …
PetroNeft: Financing Update
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, is pleased to provide the following financing update: Loan Facility In June 2019 PetroNeft agreed a convertible loan facility of US$1.3 million with a …
OPEC Daily Basket Price: Wednesday, 13 January 2021, Stood at $55.81 a Barrel
Vienna, Austria, 14 January 2021 – The price of OPEC basket of thirteen crudes stood at $55.81 a barrel on Wednesday, compared with $55.41 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 Stood at $54.76 a Barrel on Monday, 11 January 2021
Vienna, Austria, 12 January 2021–The price of OPEC basket of thirteen crudes stood at $54.76 a barrel on Monday, compared with $54.39 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 …
Russneft: Planning to Increase Oil Production by 2% in 2021 – up to 6.5 million tons
Russneft’s business plan for 2021 assumes the development of capital investments at the level of 20 billion rubles, which will allow the construction of about 110 wells, the largest number of which will be in the Varyogansky block and the Verkhne-Shapshinskoye field. Russneft also expects to start building infrastructure in the …
Tatneft: December and 2020 Operational Performance Results
Crude Oil Production Enterprises of the TATNEFT Group of Companies produced 2,188.6 thousand tonnes of crude oil in December with the production volume from the beginning of the year amounting to 26,013.5 thousand tonnes, which was 3,784.5 thousand tonnes less than during the same period in 2019. PJSC TATNEFT’s production …
OPEC: Daily Basket Price Stood at $54.39 a Barrel Friday, 8 January 2021
Vienna, Austria, 11 January 2021–The price of OPEC basket of thirteen crudes stood at $54.39 a barrel on Friday, compared with $53.84 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 …
Volga Gas: Production Report for December 2020
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for December 2020. Production Report The average production in December 2020 was 3,310 barrels of oil equivalent per day (12.4% higher than November 2020). This increase was driven by …
OPEC daily basket price stood at $53.29 a barrel Wednesday, 6 January 2021
Vienna, Austria, 7 January 2021–The price of OPEC basket of thirteen crudes stood at $53.29 a barrel on Wednesday, compared with $50.75 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), …