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A service for global professionals · Friday, June 9, 2023 · 638,682,083 Articles · 3+ Million Readers
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Kazakhstan OPEC Newswire

  • Published on 22:04 GMT

    OPEC+ May crude output tumbles in first month of expanded voluntary cuts: Platts survey

    Highlights OPEC+ production down 670,000 b/d on month Russian output 410,000 b/d below Feb baseline Shortfall to quotas rises to all-time high 3.53 mil b/d To get Platts OPEC+ survey sooner, join Platts Dimensions Pro. Not registered? Receive …

    Source: S&P Global - Neutral
  • Published on 07:48 GMT

    Kazakhstan may cut oil production in 2024 due to extended OPEC+ deal - energy minister

    9 Jun 2023 09:29 ASTANA. June 9 (Interfax) - Kazakhstan may reduce oil production in 2024 due to the extended OPEC+ deal, Kazakh Energy Minister Almasadam Satkaliyev said. "We will review the issue next year and will consider the need for cuts. …

    Source: Interfax-Russia - Pro-Government
  • Published on Jun 8, 2023

    The Status of Global Oil Production: 2023 Update

    By Roger Blanchard In 2022 I wrote a report titled “The Status of Global Oil Production”.   Annual global oil production data are now available from the U.S. Department of Energy/Energy Information Administration (U.S. DOE/EIA) for 2022 so it’s …

    Source: The Good Men Project - Left-wing
  • Published on Jun 8, 2023

    Putin, MbS discuss trade ties, cooperation within OPEC

    “Issues of multifaceted Russian-Saudi cooperation were discussed. Specifically, attention was paid to measures for further strengthening trade and economic ties, and the implementation of prospective joint projects in investment, transport logistics, and …

    Source: Iran Front Page - Gov't Propaganda
  • Published on Jun 6, 2023

    Kazakhstan’s Oil Output Drops 3% in May vs April to 1.55 mln bpd - Sources

    Reuters June 5, 2023 Kashagan field (File photo - Credit: TotalEnergies) Kazakhstan cut its oil production (excluding gas condensate) by 3% on a daily basis in May compared to April to 1.55 million barrels per day (bpd), Reuters calculations based on data …

    Source: Offshore Engineer News - Neutral
  • Published on Jun 6, 2023

    Extent of Saudi oil production cut unclear

    MarketsFarm — At the OPEC+ meeting Sunday in Vienna, Saudi Arabia announced it will cut its oil production by one million barrels per day (BPD) come July. And while that move was bullish for the markets, by how much remains to be seen, said Phil Flynn of …

    Source: Manitoba Co-operator - Neutral
  • Published on Jun 6, 2023

    Saudi Arabia’s Unsuccessful Attempt To Boost Oil Prices

    Saudi Arabia's attempt to shock oil markets and push oil prices higher appears to have backfired, with prices falling and Saudi Arabia's market share in Asia now under threat. Investor Alert: Whether you are new to the oil and gas industry or an …

    Source: Oil Price - Neutral
  • Published on Jun 6, 2023

    Kazakhstan Seeks $16.5 Billion From Big Oil Over Project Costs

    Kazakhstan will continue to seek a court ruling on its claim that it is owed as much as $16.5 billion by international oil majors for project costs in two of the biggest oilfield developments in the country in the past decade, according to Kazakhstan’s …

    Source: Oil Price - Neutral
  • Published on Jun 6, 2023

    What Do Latest OPEC+ Moves Mean?

    OPEC+ decided not to implement additional official production cuts this year and instead chose to set a lower target production for 2024, “after more than six hours of lengthy discussions among member countries”, Rystad Energy Senior Vice President Jorge …

    Source: Rigzone - Neutral
  • Published on Jun 5, 2023

    Kazakhstan Commits to Prolonged Oil Output Cuts Until 2024

    ASTANA – Kazakhstan will continue cutting oil output by 78,000 barrels per day through the end of 2024, following the latest agreement reached by the Organization of Petroleum Exporting Countries (OPEC) on June 4, announced by the Ministry of Energy.  …

    Source: The Astana Times - Gov't Propaganda
  • Published on Jun 5, 2023

    OPEC+ Sticks to Oil Production Target despite Saudi Arabia’s Additional Voluntary Cuts

    OPEC+ will continue with its plan to cut down on production and reduce supply, but did not change its target notwithstanding further cuts. The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing countries, known as OPEC+, …

    Source: Coinspeaker - Neutral
  • Published on Jun 5, 2023

    OPEC agrees on production cut to stabilise oil prices

    The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, yesterday, agreed to a general production cut for next and the extension of voluntary cuts by members to stabilise crude oil prices. The organisation and its allies …

    Source: OG TV - Public Broadcaster
  • Published on Jun 4, 2023

    Saudi Arabia leads OPEC+ alliance in aggressive, 'precautionary' oil cut

    Saudi Arabia will slash its crude output by an extra 1 million b/d for at least July on top of its existing production cuts, energy minister Prince Abdulaziz bin Salman announced June 4 in a deal with OPEC+ counterparts, under the kingdom's latest …

    Source: S&P Global - Neutral
  • Published on Jun 3, 2023

    Kazakh President Says There’s Potential to Raise Oil Supplies to Germany

    Kazakhstan may increase oil supplies to Germany via the Druzhba pipeline, President Kassym-Jomart Tokayev said during the EU-Central Asia summit being held in Cholpon-Ata in Kyrgyzstan. Druzhba is one of the world’s longest oil pipelines, stretching from …

    Source: Caspian News - Pro-Government
  • Published on Jun 4, 2023

    Saudi Arabia to Cut Oil Production by 1 Million Barrels per Day to Boost Prices

    The Organization of the Petroleum Exporting Countries (OPEC) and its partners, known as OPEC+, showed their commitment to higher oil prices in their meeting on June 4, with Saudi Arabia announcing additional output cuts and some other members extending …

    Source: The Epoch Times - Right-wing
  • Published on Jun 8, 2023

    June 7, 2023 - Russia-Ukraine news

    Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed cooperation within the OPEC+ during a phone call on Wednesday, according to a statement by the Kremlin.  "Issues of multifaceted Russian-Saudi cooperation were …

    Source: CNN - Neutral
  • Published on Jun 2, 2023

    Russia in contact with OPEC+ partners, won't announce its proposals - Peskov

    2 Jun 2023 15:51 MOSCOW. June 2 (Interfax) - Russia remains in contact with its OPEC+ partners but will not disclose the proposals it will make at an OPEC+ summit on Sunday, Kremlin spokesman Dmitry Peskov said. "You know that no one ever announces …

    Source: Interfax-Russia - Pro-Government
  • Published on 20:29 GMT

    UAE urges long-term planning with renewables to avoid economic destruction

    Astana, Jun 9 (EFE).- UAE’s Minister of Energy, Suhail Al Mazroui, on Friday called for a timeline of up to 30 years when planning the use of energy resources, warning against destroying the economy by solely seeking renewable energies. “Every country …

    Source: La Prensa Latina - Tennessee - Neutral
  • Published on 10:42 GMT

    UAE Clean Energy Firm Masdar Plans First Green Bond Sale in June

    Article content (Bloomberg) — The United Arab Emirates’ clean energy producer Masdar aims to sell its first ever green bonds within weeks to help fund an effort to boost renewable energy generation capacity five-fold by the end of the decade. Article …

    Source: Financial Post - Center-right

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