Page 47 - Dated Brent News Today

Lower fiscal breakeven oil prices may help Russia and OPEC’s core Persian Gulf producers align their production policy in 2022 despite lingering concerns in Moscow about the demand outlook and availability of spare capacity, according to analysts. S&P Global Platts Analytics estimates Saudi Arabia’s fiscal breakeven price at $79/b Brent in 2021, down from $87/b ...

OPEC+ will closely monitor the market situation amid rising fears over the emergence of a new COVID-19 variant, but urgent decisions by the group are not necessary, Russia’s deputy prime minister Alexander Novak said Nov. 29. The alliance is set to meet Dec. 2 to decide on January production levels amid a US -led attempt ...

Iraq does not have any expectations about the outcome of the Dec. 2 meeting of OPEC+ ministers, the country’s oil minister told the state-run Iraqi News Agency, as the 23-member coalition is set to assess the impact of the oil price crash on Nov. 26, a new COVID variant and the coordinated release of oil ...

An OPEC+ committee set to meet on Dec. 2 is likely to take a cautious approach in light of the new South African COVID-19 variant which adds to their concerns about demand growth and a possible oil surplus, the head of Vitol Asia said on Nov. 28. The Joint Ministerial Monitoring Committee, which will meet ...

Petron Malaysia Refining and Marketing Bhd’s net profit fell 66.28% to RM32.93 million for the third quarter ended Sept 30, 2021, from RM97.64 million a year ago, due to lower sales volume.

The chairman of UK North Sea regulator the Oil & Gas Authority, Tim Eggar, said Nov. 24 the agency expected to launch shortly a “new look” system of offshore licensing rounds once consultations are complete, after a pause that has fueled worries about the industry’s future and its ability to replenish production. In a speech ...

KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd posted a net profit of RM32.9mil in the third quarter ended Sept 30, against RM97.64mil a year ago.

OPEC and its allies are likely to stick to their plan to increase crude oil output by 400,000 b/d next month, even if key consuming countries release barrels from their strategic reserves, though a looming oversupply in the first quarter will bear watching, UAE energy minister Suhail al-Mazrouei said Nov. 23. “I don’t think we ...

OPEC and its allies are expected to maintain their policy of increasing crude output by 400,000 b/d next month, but if consuming countries release barrels from their strategic reserves, the producer bloc could reassess its options, some delegates told S&P Global Platts. The OPEC+ alliance is scheduled to meet Dec. 2 to decide on January ...

OPEC and its allies are standing firm on boosting crude output by a modest 400,000 b/d for December, despite pressure from the US and other consuming countries for more volumes to bring surging oil prices down. The OPEC+ alliance endorsed the plan on Nov. 4, shrugging off intense lobbying for more volumes by the US, ...