Brent crude oil price exceeds $56 per barrel on London’s ICE first since Feb 25 MOSCOW. KAZINFORM The price of futures contracts of Brent crude oil for March 2021 delivery went up by 3.11% on London's ICE on Friday trading compared with the previous closing to $56.07 per barrel, surpassing $56 per barrel for the first time since February 25, 2020, according to the trading data.
OPEC+ monitoring committee to meet on January 4 MOSCOW. KAZINFORM The meeting of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) was postponed from December 17 to January 4 of the next year, the OPEC Secretariat said on Monday. The OPEC+ ministerial meeting to determine oil production levels for February will be held on the same day.
Kazakhstan to set up int’l oil-and-gas machine building development centre NUR-SULTAN. KAZINFORM An agreement was signed today on establishing an international oil-and-gas machine building development centre pursuant to the task of the Head of State to boost machine building industry, the PM’s official website reads.
Kashagan produces and exports 50 millionth ton of oil ATYRAU. KAZINFORM The Kashagan oilfield in the Caspian shelf reached another milestone since its relaunch in 2016. It produced and exported the 50 millionth ton of oil, the press service of the operator of the North Caspian Project for the oilfield development said.
A balanced, stable oil market is a prerequisite for post-pandemic recovery: OPEC-Russia Energy Dialogue VIENNA. KAZINFORM A balanced and stable oil market is a prerequisite for post-pandemic recovery, adequate investments and future prosperity for consumers and producers alike, affirmed the Seventh High-level Meeting of the OPEC-Russia Energy Dialogue, hosted by OPEC, which took place via videoconference on 03 November 2020.
OPEC considers market prospects for Q4- 2020, into 2021 VIENNA. KAZINFORM The 22nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday 17 September 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair Alexander Novak, Minister of Energy of the Russian Federation.
Oil and gas sector to fuel Indian post-COVID-19 growth NEW DELHI. KAZINFORM The oil and gas industry where India has extensive collaboration with Gulf and other Arab petroleum exporting countries, has become an engine of economic revival, as India begins to manage and recover from the COVID-19 pandemic.