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Russia, Saudi agree to extend OPEC production cut deal: Vladimir Putin

Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said on Saturday.

read more... 01/07/2019

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Daily (28.06.2019): NBP day-ahead plummeted by 9.5% on Thursday, due to bearish fundamentals and robust supply

Crude oil prices added ground on Thursday, on expectations that OPEC will extend an output cut agreement, while investors await a meeting between the United States and China that could ease current trade tariffs. As a result, Brent crude inched 0.1% up at $66.55 a barrel, while WTI futures settled 0.1% up at $59.43 a barrel.

read more... 28/06/2019

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Daily (25.06.2019): The EUAs spiked by 4.2% to a one-month peak on Monday, amid technical buying and higher thermal generation

Oil prices diverged on Monday. Brent crude setlled 0.5% lower at $64.86 a barrel on returning concerns over a scarce crude demand, with traders awaiting the outcome of the G20 summit at the end of this week. Meanwhile, WTI futures rose by 0.8%, to $57.90 a barrel, as the prospect of tighter oil supply worsened after U.S. President Donald Trump imposed new sanctions on Iran in the context of ongoing fears of a military conflict between the U.S. and Iran. Expectations of extended oil output cuts from OPEC and its allies after their meetings on July 1-2 helped balance the market.

read more... 25/06/2019

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Azerbaijan’s natgas exports up by 28%

Azerbaijan’s natural gas exports showed a 28 percent increase year-on-year rising from 8.030 billion standard cubic meters in 2017 to 10.276 billion standard cubic meters in 2018, Trend reports citing OPEC Annual Statistical Bulletin.

read more... 13/06/2019

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Azerbaijan increases oil production in May, fulfills OPEC obligations

Azerbaijan increased oil production from 683,000 barrels per day in April to 776,000 barrels per day in May, while the country fulfils its obligations under the OPEC + deal, Trendreports referring to the Azerbaijani Energy Ministry.

read more... 12/06/2019

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