Date: 2 months ago   Category: Energy

The OPEC in September reduced oil production by 1,05 million barrels a day from the level of October, 2016 — Rambler News Service


The countries of OPEC increased oil production in September, 2018 by 100 thousand barrels a day in comparison with an indicator of August of the current year — to 32,78 million barrels a day, it is told in the monthly report of the International Energy Agency (IEA). "Oil production of OPEC in September increased by 100 thousand barrels, to 32,78 million barrels a day, due to production of Saudi Arabia, Libya, Nigeria and the UAE which compensated decrease in production of Venezuela and Iran. Since May production of OPEC increased by 735 thousand barrels a day" — it is said in the report. According to data of MEA, in August production of the countries of OPEC made 32,68 million barrels a day. According to the report of the organization of November, 2016, level of production of the countries of OPEC in October, 2016 made 33,83 million barrels a day. Thus, from the level of October, 2016 reduction made 1,05 million barrels a day. On November 30, 2016 in Vienna there took place the summit of OPEC where member countries of cartel reached the agreement on reduction of oil production on 1,2 million barrels a day — to 32,5 million barrels — and defined quotas for the countries. On December 10, 2016 in Vienna there took place the meeting of the producers of oil which are not entering into OPEC. Following the results of a meeting the agreement on oil production reduction totally on 558 thousand barrels a day since January, 2017 was signed. Russia confirmed consent to reduce oil production by 300 thousand barrels a day. Total reduction of production by the countries of OPEC and the countries which are not entering into cartel will make 1,758 million barrels a day. On May 24-25, 2017 in Vienna there took place the meeting of representatives of OPEC and independent producers. During the meeting of the party made the decision to prolong operation of the agreement until the end of the first quarter 2018 on the current conditions. On November 30, 2017 the agreement was prolonged until the end of 2018. On June 23, 2018 the OPEC countries at a meeting in Vienna made the decision to increase production since July 1, 2018 approximately by 1 million barrels a day — before 100 percent observance of terms of transaction.

URL:

The number of oil and gas drilling rigs in the USA for last week decreased by four units — up to 1071, the Baker Hughes oilfield services company reports. The number of oil installations was reduced by 4 units — to 873 installations. The number of gas installations did not change and was the 198th installations. In Canada for last week the number o...


Participants of the EU summit came to a conclusion that there are no conditions for cancellation or easing of the restrictive measures entered concerning Russia now declared during the press conference following the results of the summit German Chancellor Angela Merkel. The shorthand report of a performance is published on its official site. "In th...


Photo: globallookpress.com/Aleksey Bychkov the Bank of Russia in the basic scenario of the forecast till 2021 expects saving the sanctions imposed against Russia it is told in "The report on monetary policy". "Regarding key external prerequisites, besides a trajectory of prices of oil, the Bank of Russia also proceeds from small slowdown in economi...


The Bank of Russia predicts that following the results of 2018 the real wage will increase by 7-8%, it is told in "The report on monetary policy". The Central Bank reported that in the III quarter 2018 increase in labor compensations of workers of a social sphere within performance of May Decrees of the President of Russia continued to make a posit...


Photo: RIA News/Grigory Sysoyev the Government of the Russian Federation charged to the Ministry of Internal Affairs to integrate databases with the Russian Association of Motor Insurers for automatic fixing of lack of policies of the CMTPL, follows from orders of the government following the results of a pravkomissiya meeting on traffic safety. "T...


The Government of the Russian Federation charged to the Ministry of Internal Affairs and Ministry of Transport to handle an issue of establishment of a penalty for speeding on 10-20 km/h from the set high-speed mode, the press service of the government reports. "To submit to the Ministry of Internal Affairs of the Russian Federation and the Ministr...