Note | This means that next month, #OPEC commemorates a very special and historically significant occasion … @OPECSecretariatRussia’s #oil producers cut their output deeper in February as the nation strives to implement an agreement with #OPEC following criticism that it was moving too slowly. That’s equivalent to۱۱.۳۳۶ Mbpd down۸۲,۰۰۰ bpd from the October. @business #OOTT https://www.bloomberg.com/amp/news/articles/۲۰۱۹-۰۳-۰۲/russia-cuts-february-output-deeper-to-comply-with-opec-pact?__twitter_impression=true …The #UnitedStates has sanctioned #Venezuela’s state-owned #oil company. When an oil company is banned, it will use all its means to sell oil on markets that it has. #China and #India are among the largest buyers of oil and can take advantage of the turmoil among …/۱ #OOTT #OPECBased on the latest #OPEC monthly report quoted from secondary sources, #Venezuela has produced ۱.۱۴۸M bpd in December ۲۰۱۸. The average Venezuelan oil production in۲۰۱۷ was ۱.۹۱۱M bpd . (A reduction of ۷۶۳T bpd in ۱year) The market currently faces ۱M bpd of surplus supply. #OOTT
Today, #JMMC_Meeting is held in #Baku. for my colleagues who have gone to Baku is a hard day. Almost everyone is waiting for an extension of the Declaration of Cooperation between #OPEC & non-OPEC countries. Not in Baku but in #Vienna. maybe in Abril. #OOTTMohammad Sanusi Barkindo, #OPEC Secretary General: «Next month, OPEC celebrates a very special and historically significant occasion. We will commemorate the ۶۰-year anniversary of the First Arab Petroleum Congress,which took place in Cairo, Egypt.» #OOTT https://www.opec.org/opec_web/en/press_room/۵۴۱۱.htm …… the vendors to determine the price and conditions for the purchase of oil. Venezuelan heavy #oil vendors may pursue a reduction in prices for Chinese and Indian buyers. #Venezuela's heavy oil is close to Iran's heavy oil …/۲ #OOTT #OPECThe new energy equation panel in #Davos۲۰۱۹ with #OPEC Secretary General, Daniel Yergi …@OPECSecretariat
