OPEC Monthly Oil Market Report, May 2020
Crude Oil Price Movements Spot crude oil prices rebounded in May from low levels registered a month earlier, as physical market fundamentals improved significantly. The OPEC Reference Basket (ORB) value rose by $7.51, or 42.5%, m-o-m, to stand at $25.17/b. Crude oil futures prices also bounced back in May, amid …
Eni Joins the Voluntary Principles Initiative
The Annual Plenary Meeting 2020 of the Voluntary Principles Initiative (VPI), a multi-stakeholder initiative dedicated to ensuring human rights in security operations, has unanimously approved Eni’s admission as an “Engaged Corporate Participant”. Eni’s membership of the VPI further strengthens the company’s commitment to working with institutions to affirm respect for …
OPEC Daily Basket Price: Tuesday, 16 June 2020, Stood at $36.75 a Barrel
Vienna, Austria, 17 June 2020–The price of OPEC basket of thirteen crudes stood at $36.75 a barrel on Tuesday, compared with $35.09 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), Girassol (Angola), Djeno (Congo), …
Eni Publishes ‘Eni for Human Rights’
Eni publishes an update of “Eni for Human Rights,” the company’s report that provides transparent and concrete information on its commitment to the respect for human rights, showing a strengthening of its internal procedures on this fundamental matter. “Such commitment assumes an increasing relevance in a world that is facing …
bp Statistical Review of World Energy 2020: a Pivotal Moment
This year’s edition – which collects and analyses energy data for 2019 – highlights the global energy trends emerging prior to the current Covid-19 pandemic. While some aspects – such as the continuing strong growth in renewables – offer encouragement that the world is moving onto a more sustainable path, …
Simulators are Helping to put Gubkin University on the Global Stage
Gubkin University is one of Russia’s most respected universities in the field of oil and gas education and training. Based in Moscow, the university has been using Drilling Systems’ simulators since 1997 for its oil and gas educational programmes. As well as helping to attract students to the university from …
OPEC Daily Basket Price: Monday, 15 June 2020, Stood at $35.09 a Barrel
Vienna, Austria, 16 June 2020–The price of OPEC basket of thirteen crudes stood at $35.09 a barrel on Monday, compared with $35.06 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, 12 June 2020, Stood at $35.06 a Barrel
Vienna, Austria, 15 June 2020–The price of OPEC basket of thirteen crudes stood at $35.06 a barrel on Friday, compared with $36.55 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), …
Progressing Strategy Development, BP Revises Long-Term Price Assumptions, Reviews Intangible Assets and, as a Result, Expects Non-Cash Impairments and Write-Offs
In mid-February, BP p.l.c. (bp) laid out a new purpose – to reimagine energy for people and our planet – and its ambition to become a net zero company by 2050 or sooner and to help the world get to net zero. Since then, bp has focused its work in …
Petrosibir: Production Report for May 2020
Petrosibir’s total oil production during May 2020 amounted to 34,202 barrels, equivalent to 1,103 barrels per day. The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region. 2019 2020 Average Jan Feb Mar Apr May Total production Bashkiria 10 469 10 622 …