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OPEC+ cuts oil production quotas by 100,000 b/d despite tight market | Hellenic Shipping News Worldwide

OPEC+ cuts oil production quotas by 100,000 b/d despite tight market | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaUnited arab emiratesAlexander novakNareeka ahirJoe bidenInternational energyAnalytic nareeka ahirPrince abdulazizInternational energy agency coordinatedDeputy prime minister alexander novak

Russia-Ukraine war boosts Azeri crude transit, but production is limping along | Hellenic Shipping News Worldwide

Azerbaijan is benefiting from the EU’s pivot away from Russian energy, boosting oil transit shipments and enjoying higher prices for its own crude, according to market sources and data from S&P Global Commodity Insights. But the country’s own production has stagnated well below its OPEC+ quota and has little prospects for growth, limiting its gains. .

Black seaOceans generalGeorgia generalKrasnodarskiy krayNareeka ahirPeter wellsShah denizGary jonesBrenda shafferStrategic petroleum insightsAzeri central eastAzeri lightDated brent

OPEC+ set to stay the course as it awaits clarity on Russia shut-ins, China lockdowns

Dated Brent prices in April vacillated between $98/b-$108/b, as traders struggled to weigh the evolving western sanctions on Russia against weakening oil demand in China, where the coronavirus is resurgent. For OPEC and its Russia-led allies, however, there is no wavering in their conviction on how to manage crude supply. Several delegates say the OPEC+ .

Saudi arabiaNareeka ahirPaul sheldonInternational energyRiyadh based jadwa investmentInternational energy agency coordinatedDated brent

Iraq s oil sector progress, IOC deals hinge on outcome of parliamentary elections

Any progress in Iraq’s oil sector and the finalization of numerous key deals with international oil companies signed during the one-and-a-half year tenure of Mustafa al-Kadhimi’s government will hinge on the outcome of the parliamentary elections that took place Oct. 10. While the low turnout amid for the elections is indicative of widespread dissatisfaction with .

United statesAl basrahAhmed medhiNareeka ahirPatrick osgoodMustafa al kadhimiIhsan ismaaelBasrah oil coOxford institute for energyPrime minister mustafaMinister ihsan ismaaelWest qurnaOxford institute

Goldman Says a Nuclear Deal With Iran Could Send Oil Prices Higher Not Everyone Agrees

A deal between the U.S. and Iran could be bullish for oil prices despite an increase in supply, according to Damien Courvalin of Goldman Sachs.

United statesNareeka ahirTamas vargaGoldman sachDamien courvalinMorgan stanleyOil associatesWells fargo investment instituteGoldman sachsJoint comprehensive planIslamic republicAustin pickleWells fargo investmentL 1Co 1Energy commodities