KAZINFORM

Oil & Gas

OPEC daily basket price stood at $54.85 a barrel Tuesday VIENNA. KAZINFORM The price of OPEC basket of thirteen crudes stood at US$54.85 a barrel on Tuesday, 19th January, 2021, compared with $53.92 the previous day, according to OPEC Secretariat calculations.

20.01.2021 19:44

Global oil supply to go up by 1 mln barrels per day in 2021, says IEA MOSCOW. KAZINFORM Global supply on the oil market is expected to go up by 1 mln barrels per day in 2021 after a decrease by 6.6 mln barrels per day in 2020 mainly due to OPEC+ nations, the International Energy Agency (IEA) said in a report obtained by TASS.

19.01.2021 21:33

OPEC daily basket price stood at $54.39 a barrel Friday VIENNA. KAZINFORM The price of OPEC basket of thirteen crudes stood at US$54.39 a barrel on Friday, 8th January, 2021, compared with $53.84 the previous day, according to OPEC Secretariat calculations.

11.01.2021 19:37

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.

09.01.2021 10:44

OPEC daily basket price stood at $53.29 a barrel Wednesday VIENNA. KAZINFORM The price of OPEC basket of thirteen crudes stood at US$53.29 a barrel on Wednesday, 6th January, 2021, compared with $50.75 the previous day, according to OPEC Secretariat calculations.

07.01.2021 17:16

OPEC+ agrees on oil production cuts for February and March MOSCOW. KAZINFORM - The OPEC+ countries agreed on the parameters for cutting oil production in February and March, which will amount to 7.125 mln bpd, two sources in OPEC told TASS.

06.01.2021 07:13

OPEC daily basket price stood at $51.36 a barrel Monday VIENNA. KAZINFORM The price of OPEC basket of thirteen crudes stood at US$51.36 a barrel on Monday, 4th January, 2021, compared with $50.24 the previous Thursday, according to OPEC Secretariat calculations.

05.01.2021 20:31

Saudi Arabia discovers 4 new oil, gas fields RIYADH. KAZINFORM Saudi Arabia announced on Sunday the discovery of four new oil and gas fields, the Saudi Press Agency reported.

28.12.2020 10:11

Oil prices down over pandemic-driven demand fears ANKARA. KAZINFORM Oil prices fell on Wednesday with the new strain of COVID virus in the UK casting doubts over prompt oil demand recovery, while an estimated rise in US crude stocks also fuels these doubts.

23.12.2020 16:45

Kazakh President receives Eimear Bonner, Tengizchevroil’s General Director NUR-SULTAN. KAZINFORM Kazakh President Kassym-Jomart Tokayev received Eimear Bonner, General Director at Tengizchevroil, who reported on the company’s efforts to curb coronavirus spread at the production sites and Tengiz oilfield, the Akorda press service informs.

21.12.2020 16:05

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.

15.12.2020 12:02

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.

30.11.2020 17:08

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.

26.11.2020 14:33

Oil prices surge amid positive sentiment NEW YORK. KAZINFORM Oil prices moved noticeably higher on Tuesday, fueled by positive expectations.

25.11.2020 09:40

OPEC daily basket price stood at $39.09 a barrel Wednesday VIENNA. KAZINFORM The price of OPEC basket of thirteen crudes stood at US$39.09 a barrel on Wednesday, 4th November 2020, compared with $38.44 the previous day, according to OPEC Secretariat calculations.

05.11.2020 18:54

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.

04.11.2020 17:41

OPEC daily basket price stood at $35.89 a barrel Monday VIENNA. KAZINFORM The price of OPEC basket of thirteen crudes stood at US$35.89 a barrel on Monday, 2nd November 2020, compared with $36.50 the previous Friday, according to OPEC Secretariat calculations.

03.11.2020 19:10

Kazakhstan bans export of liquefied petroleum gas NUR-SULTAN. KAZINFORM The Kazakh Energy Minister decreed on October 7 to impose a ban on export of liquefied petroleum gas to CIS by road for a period of three years, the Ministry’s press service informs. Previously, the same ban was imposed in 2017 for a term of three years.

13.10.2020 20:44

Oil production reached 64.7mln tons in Kazakhstan year to date NUR-SULTAN. KAZINFORM – 64.7 tons of oil have been produced in Kazakhstan in the nine months period, Nurlan Nogayev, Kazakh Energy Minister said, Kazinform correspondent reports.

13.10.2020 12:41

Brent crude oil down below $39 per barrel first time since June 16 MOSCOW. KAZINFORM The price of December Brent crude oil futures contract on London’s ICE fell by 4.79% to $38.97 per barrel on Friday. The last time Brent was traded below $39 per barrel on June 16, 2020.

02.10.2020 22:25

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