Oil & Gas ≡ Today’s latest news in category Oil & Gas

Global oil consumption to fall by $1 trillion in 2020 due to pandemic, experts say

MOSCOW. KAZINFORM Consumers’ oil expenses will drop by $1 trillion in 2020 to $2.5 trillion as a result of the pandemic-related quarantine measures globally, the International Energy Agency (IEA) wrote in its report on energy investment on Wednesday.

World News > World News

27.05.2020 18:18

Gas transit from Russia to Europe via Poland stopped

MOSCOW. KAZINFORM - Gas transit via the Yamal-Europe pipeline from Russia through Belarus and Poland to Germany has been brought down to zero on Tuesday. According to the results of the previous auction, the Polish section of the pipe was booked only by 3.7% on Tuesday. This is according to the data of operators of European gas pipelines.

Economy > Oil and Gas

26.05.2020 17:13

Karachaganak field imposed quarantine due to coronavirus

NUR-SULTAN. KAZINFORM - Chief State Sanitary Docotr of West Kazakhstan region, Muhamgali Aryspayev, has adopted a decree on the introduction of quarantine measures on the territory of the Karachaganak oil and gas condensate field, Kazinform correspondent reports.

для ANSA

25.05.2020 13:43

Brent oil price exceeds $36 per barrel for the first time since April 9

MOSCOW. KAZINFORM - The price of a July futures contract for Brent oil on the London Stock Exchange ICE rose by 4.3% and reached $36.14 per barrel, according to the trading data as of 4:54 pm Moscow time.

Economy > Oil and Gas

21.05.2020 09:22

Oil prices up with surprise decline in US crude stocks

ANKARA. KAZINFORM - Oil prices were up on Thursday with a surprise decline in US crude oil inventories and a fall in gasoline stocks that exceeded market expectations.

World News > World News

14.05.2020 15:43

UAE will reduce oil output by 100,000 bpd in June

ABU DHABI. KAZINFORM - Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, announced that the UAE will voluntarily cut its oil output by 100,000 barrels per day in June in a bid to back Saudi Arabia's efforts to rebalance the world oil market.

World News > World News

12.05.2020 21:24

Crude oil production in Kazakhstan hit 31.3 mln tons

NUR-SULTAN. KAZINFORM «Crude oil and condensate production in Kazakhstan made 31.3 mln tons in January-April this year that is 2.6% to the plan or an increase by 6% to the same period of 2019.

для ANSA

12.05.2020 11:28

Brent crude price bounces over $28 per barrel

MOSCOW. KAZINFORM The Brent crude oil futures price to supply in July 2020 has increased by 3.64% during the trading at the ICE exchange in London on Tuesday to reach $28.19 per barrel, the trading data available at 03:05 Moscow time shows.

World News > World News

05.05.2020 18:09

Brent futures adding 11.9% on London’s ICE

MOSCOW. KAZINFORM Brent oil futures with delivery in June 2020 had surged by 16.1% to $22.45 a barrel on the London-based ICE on Wednesday and were traded later at the level of $21.61 per barrel (up 11.9%).

Economy > Oil and Gas

23.04.2020 08:15

Brent was traded below $18 a barrel last time in January 2002

MOSCOW. KAZINFORM Brent oil futures with delivery in June 2020 dropped by 30% on the London’s ICE to $17.92 per barrel on Tuesday.

Economy > Oil and Gas

22.04.2020 08:34

Barrel of US oil nosedives below $0 in historical first

WASHINGTON. KAZINFORM - The price for a barrel of West Texas Intermediate crude oil sharply curtailed Monday, falling into negative territory for the first time in history as demand continues to collapse on measures meant to keep individuals at home amid the coronavirus pandemic.

Economy > Oil and Gas

21.04.2020 16:13

Wall Street tumbles amid oil crash

NEW YORK. KAZINFORM Wall Street's major averages closed sharply lower on Monday as market sentiment was dented by a historic drop in U.S. crude prices.

Economy > Economy

21.04.2020 09:14

WTI futures fall below $2/bbl first time first time in history

MOSCOW. KAZINFORM WTI oil futures with delivery in May 2020 plummeted by 94.4% to $1.02 a barrel on the London-based ICE on Monday.

Economy > Oil and Gas

21.04.2020 08:50

OPEC daily basket price stands at US$18.16 a barrel Friday

VIENNA. KAZINFORM The price of OPEC basket of thirteen crudes stood at US$18.16 a barrel on Friday, 17th April, compared with US$17.73 the previous day, according to OPEC Secretariat calculations.

Economy > Oil and Gas

20.04.2020 16:41

Kazakhstan among top 15 countries with cheapest petrol rates

NUR-SULTAN. KAZINFORM – Kazakhstan is among the top 15 countries with the cheapest petrol rates in the world, Kazinform has learnt from ranking.kz.

для ANSA

16.04.2020 11:35

OPEC daily basket price stands at $21.18 a barrel Monday

VIENNA. KAZINFORM The price of OPEC basket of thirteen crudes stood at US$21.18 a barrel on Monday, compared with US$21.77 the previous Thursday, according to OPEC Secretariat calculations.

Economy > Oil and Gas

14.04.2020 18:12

Kazakhstan supports consensus on OPEC+ decision on oil production cuts

NUR-SULTAN. KAZINFORM – The extraordinary meeting of OPEC+ nations was held online on April 12, Kazinform has learnt from the Ministry of Energy of the Republic of Kazakhstan.

Top Story

13.04.2020 08:33

Oil price after OPEC+ deal to stay within $30-40 per barrel - Lukoil vice-president

MOSCOW. KAZINFORM - Lukoil hails the results of the oil production cuts deal between OPEC+ and a number of other nations, the company’s vice -president and co-owner, Leonid Fedun, said on Saturday. Kazinform has learnt from TASS.

World News > World News

12.04.2020 14:34

Mexican president says US to help Mexico meet required oil production cuts

MEXICO CITY. KAZINFORM - Mexican President Andres Manuel Lopez Obrador announced on Friday that U.S. President Donald Trump has agreed to help Mexico comply with cuts to oil production required by the Organization of Petroleum Exporting Countries (OPEC).

World News > World News

11.04.2020 10:42

Russia, Saudi Arabia to cut oil output to 8.5 mln barrels per day — draft agreement

MOSCOW. KAZINFORM - The plan on oil production cuts within the OPEC+ framework envisages that Russia and Saudi Arabia will reduce their oil production by 2.5 million barrels per day, from the current 11 million barrels to 8.5 million barrels per day, according to a draft agreement obtained by TASS.

World News > World News

10.04.2020 09:10

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