Lukoil Increased Oil Production at West Qurna-2
Lukoil put into operation two well pads – No. 4 and No. 9 – at the West Qurna 2 field in Iraq, increased oil production to the target of 480,000 barrels per day, a subsidiary of the Lukoil Mid-East Limited group said. “In accordance with the service contract, the company …
Russia and Iraq Confirmed the Commitment to Reducing Oil Production
Energy Deputy Prime Minister, oil minister Iraq Hayan Abdel Gani and his Russian colleague, Deputy Prime Minister of the Russian Federation Alexander Novak announced the importance of collective actions and unified positions of the OPEC-OPEC+ oil and stability for the stability of world oil markets, confirming the retention of oil …
USA Expects OPEC to Increase Oil Production Next Year
The US Department of Energy expects OPEC oil production to fall by 300 thousand barrels per day in 2023, however, if the current production cut in OPEC + ends, in 2024 the organization will be able to increase liquid hydrocarbon production by 600 thousand barrels per day, follows from the …
OPEC Raises Estimate of Oil Production Outside the Organization in 2023
OPEC raised its estimate of oil production outside the organization in 2023 by 190,000 barrels per day, expecting its growth compared to 2022 to 67.2 million barrels per day, follows from the March report of the organization. The estimate of the indicator in the first quarter increased by 350,000 barrels …
Rystad Energy: OPEC+ First in Person Meeting Since pre-Covid as 23 Energy Ministers Meet in Vienna
Here is Rystad Energy Oil Market note with Senior Vice President Jorge Leon: OPEC+ ministers are meeting on 5 October in Vienna, Austria to discuss production policy for the months ahead. While there is naturally uncertainty around what decision they will take, we believe that a decision to cut production …
OPEC Daily Basket price stood at $92.34 a barrel Friday, 30 September 2022
The price of OPEC basket of thirteen crudes stood at $92.34 a barrel on Friday, compared with $92.76 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), Zafiro (Equatorial Guinea), Rabi Light …
OPEC Daily Basket Price Stood at $89.81 a Barrel Tuesday, 27 September 2022
The price of OPEC basket of thirteen crudes stood at $89.81 a barrel on Tuesday, compared with $89.50 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), Zafiro (Equatorial Guinea), Rabi Light …
OPEC Daily Basket Price Stood at $89.50 a Barrel Monday, 26 September 2022, Compared with $92.67 the Previous Friday
The price of OPEC basket of thirteen crudes stood at $89.50 a barrel on Monday, compared with $92.67 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), Zafiro (Equatorial Guinea), Rabi Light …
OPEC Daily Basket Price Stood at $92.67 a Barrel Friday, 23 September 2022, Compared with $95.51 the Previous Day
The price of OPEC basket of thirteen crudes stood at $92.67 a barrel on Friday, compared with $95.51 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), Zafiro (Equatorial Guinea), Rabi Light …
OPEC daily basket price stood at $95.51 a barrel Thursday, 22 September 2022
The price of OPEC basket of thirteen crudes stood at $95.51 a barrel on Thursday, compared with $96.31 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), Zafiro (Equatorial Guinea), Rabi Light …