Page 49 - Dated Brent News Today

Oil prices should stabilize around current levels, reflecting a balanced market, Iraqi oil minister Ihsan Ismaael said Oct. 13 “The market should be balanced within the second half,” Ismaael said on the sidelines of the Russia Energy Week conference in Moscow. “For us, it’s balanced. For consumers, we think the price will not be higher, ...

Investegate announcements from Hurricane Energy PLC, Half-year Results & Operational & Financial update

The alliance of OPEC and non-OPEC countries remains key to stabilizing the oil market which is still volatile from the consequences of COVID-19 and Russia expects the deal to last until the end of 2022, President Vladimir Putin said Oct. 13. Speaking at the Russian Energy Week in Moscow, he noted how the OPEC+ agreement ...

Gazprom Neft could increase oil production in 2020 by 10% year on year, CEO Alexander Dyukov said Oct. 14. Dyukov previously said the company was seeking to push hydrocarbons output to 100 million mt in 2021 even if oil production limitations under the OPEC+ pact remained in place, from 96.1 million mt in 2020. “Considering ...

Volatility in oil and gas markets and greater international cooperation to stabilize prices dominated the first day of talks Oct. 13 at Russia’s energy forum in Moscow, which OPEC, non-OPEC ministers and Western partners attended, among others. S&P Global Platts has assessed Dated Brent at three-year highs in recent days, with the benchmark reaching as ...

The December-loading program for Malaysia’s Kimanis crude emerged Oct. 12, shedding light on the supply-side fundamentals of Malaysian sweet crudes, while a mixed outlook developed for the December trading cycle, according to market sources. The December-loading program for Kimanis crude reflected a total of eight cargoes, three more than the previous month, with Petronas holding ...

November-loading heavy sweet crude cargoes have traded at lower prices than for October despite initial expectations of increases on the back of gas-to-oil switching by power utilities amid amid skyrocketing LNG prices, market sources said Oct. 12. Most recently, Petronas was heard to have sold via tender a 600,000-barrel cargo of Sudan/South Sudan’s Dar Blend ...

OPEC and its allies boosted crude oil output by 470,000 b/d in September, but with many members still struggling to reach their quotas, the coalition is producing far below what it said it would. OPEC’s 13 countries pumped 27.29 million b/d, up 320,000 b/d from August, the latest S&P Global Platts survey found, while Russia ...

Gas prices in Europe are experiencing wild swings, while analysts keep an eye on how prices could impact inflation. In China, ongoing power curbs means lower chances for another round of oil product export quota allocation. 1. All eyes on Russian gas supply behavior What’s happening? European gas markets have experienced unprecedented volatility since the ...

Oil demand markers in many of the world’s biggest consumers remain on an upward trajectory as key economies continue to recover, lending further support to oil prices which have broken through the $80/b level this week to a fresh multi-year high. Global mobility, a barometer for gasoline and diesel demand, averaged 8.1% below pre-COVID levels ...