OPEC Daily Basket Price: Wednesday, 12 August 2020, Stood at $45.08 a Barrel
Vienna, Austria, 13 August 2020–The price of OPEC basket of thirteen crudes stood at $45.08 a barrel on Wednesday, compared with $45.21 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 Monthly Oil Market Report, July 2020
Crude Oil Price Movements Spot crude oil prices rose further in July, the third consecutive monthly increase. The OPEC Reference Basket (ORB) averaged $43.42/b in July, gaining $6.37 over the previous month to reach its highest value since February this year. The ORB year-to-date average is $39.85/b. Crude oil futures …
Terneftegaz: a Joint Venture Between Novatek and Total Located in the West Siberian Sub-Arctic
This article, written by Ben Seligman, focuses on a joint venture between Novatek, Russia’s largest independent gas producer, and France’s Total. The JV is called ‘Terneftegaz’. When we think of Novatek and Total’s partnerships in Russia, the big Arctic LNG projects, Yamal LNG and Arctic LNG 2, immediately come to …
Petrosibir: Production Report for July 2020
Petrosibir’s total oil production during July 2020 amounted to 34,614 barrels, equivalent to 1,117 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 …
OPEC Daily Basket Price: Tuesday, 11 August 2020, Stood at $45.21 a Barrel
Vienna, Austria, 12 August 2020–The price of OPEC basket of thirteen crudes stood at $45.21 a barrel on Tuesday, compared with $45.01 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), …
OPEC Daily Basket Price: Monday, 10 August 2020 Stood at $45.01 a Barrel
Vienna, Austria, 11 August 2020–The price of OPEC basket of thirteen crudes stood at $45.01 a barrel on Monday, compared with $44.87 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), Girassol (Angola), Djeno (Congo), …
OPEC Daily Basket Price: Friday, 7 August 2020, Stood at $44.87 a Barrel
Vienna, Austria, 10 August 2020–The price of OPEC basket of thirteen crudes stood at $44.87 a barrel on Friday, compared with $45.17 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), …
LUKOIL Peports Preliminary Operating Data for the Second Quarter and Six Months of 2020
For the six months of 2020 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,155 thousand boe per day, which is 8.4% lower year-on-year as a result of a significant production cut in the second quarter of 2020. The cut was due to the new OPEC+ agreement …
MOL Group Q2 Results Hit Hard by Crisis, Free Cash Flow Remains Positive
Clean CCS EBITDA declined by 44% in Q2 2020 to USD 353mn, bringing H1 Clean CCS EBITDA to USD 975mn, 15% lower than last year’s result Upstream EBITDA declined to USD 112mn in Q2, affected by the collapsing oil and gas prices, despite increased production volumes Downstream Clean CCS EBITDA …
OPEC Daily Basket Price: Thursday, 6 August 2020, Stood at $45.17 a Barrel
Vienna, Austria, 7 August 2020–The price of OPEC basket of thirteen crudes stood at $45.17 a barrel on Thursday, compared with $45.34 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), …