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News Wire / economy

Oil Prices And Shale Production Dynamics Discussed

developing CRI News Radio Vienna 14d10d Impact 8

OPEC+ has decided to evaluate its oil production policy and current and future capacity, according to a statement from the Al-Arabiya government reported by CRI News Radio. An estimated five to seven million barrels per day are currently off the market due to these disruptions and Ukrainian actions against Russian production and exports. Russian Deputy Prime Minister Novak stated on April 30 that OPEC+ nations participating in voluntary production cuts will assess their ability to supply crude oil and petroleum products to the global market during a meeting on May 3. This follows a telephone conversation between Russian President Putin and US President Trump on the evening of April 29. The discussion occurred amid ongoing global conflicts impacting the international situation and economy.

OPEC+ has decided to evaluate its oil production policy and current and future capacity, according to a statement from the Al-Arabiya government reported by CRI News Radio. An estimated five to seven million barrels per day are currently off the market due to these disruptions and Ukrainian actions against Russian production and exports. Russian Deputy Prime Minister Novak stated on April 30 that OPEC+ nations participating in voluntary production cuts will assess their ability to supply crude oil and petroleum products to the global market during a meeting on May 3. This follows a telephone conversation between Russian President Putin and US President Trump on the evening of April 29. The discussion occurred amid ongoing global conflicts impacting the international situation and economy. Alliance participants will hold a new meeting to adjust production volumes following the conflict in the Middle East. The move follows changes in the United Arab Emirates and revised plans for Kazakhstan and Oman. The meeting aims to address production shifts involving thousands of barrels per day. OPEC+ countries have preliminarily agreed to increase their oil production quota by 188,000 barrels per day starting in June. The price of oil previously jumped to approximately 9 in 2020. Around a year ago, with oil at approximately $60 per barrel, shale production was considered to be on a plateau. An increase or decrease of $10 per barrel in oil prices would add or lose approximately 1 million barrels of shale production.

Topics

OPEC+ oil production Iran market volatility

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Sources · 7 independent

CRI News Radio

“Due to the US not being satisfied with the new negotiation plan proposed by Iran, Al-Arabiya reported citing a statement from the Al-Arabiya government.”

CRI News Radio

“该决定是在对阿林球石油生产政策以及当前和未来产能进行全面评估后做出的 基于国家利益 并指在更有效地满足国际市场的迫切需求”

CRI News Radio

“该决定是在对阿林球石油生产政策 以及当前和未来产能进行全面评估后做出的 基于国家利益 并指在更有效地满足国际市场的迫切需求”

CRI News Radio

“The decision was made after a comprehensive assessment of Iran's oil production policy and current and future production capacity.”

Al Araby Radio

“يجعل قراراتها حول الخفضي أو الزيادة مؤثر بشكل مباشر في الأسعار والتوازن وإنتاجية قادرة على التأثير في السوق بصورة أشمل يصيطر تحالف أوباك بلس اليوم على مبين 40 إلى 50% من إنتاج النفط العالم”

RTS La 1ere

“Selon le spécialiste, l'OPEP va survivre sans problème. Il rappelle que le Qatar est parti en 2019 et que ce cartel durant son existence a déjà...”

Monte Carlo Doualiya

“هذا التكييس يكون له تداعيات مؤثر على مسألة الأسعار قد تدفع الدول المتبقية ضمن تحالف الأوفيك بلاس لإعادة دراسة وتقييم السقوف الإنتاجية”

YTN Radio

“오펙 내부에서는 이번 사태가 그간 사우디의 독단적 의사 결정에 불만을 품어 회원국들의 연세 탈태로 이어질 수도 있다는 위기감이 보조되고 있습니다.”

Silver Rain

“Правительства России рассказали о повестке встречи ОПЕК ПЛЮС. Третьего мая ключевые участники сделки обсудят, как обеспечить мировой рынок нефть и нефтепродукты.”

CRI News Radio

“參與自願減產協議的歐佩克加國家,將在5月3日的會議上評估”

CRI News Radio

“參與自願檢產協議的歐佩克加國家 將在5月3日的會議上評估”

Bloomberg Radio

“We know Kuwait is shut in. We know the Saudi facilities have been hit, although they're able to get a lot of oil out via the pipeline. The Emirates is having issues getting to market.”

CRI News Radio

“Russian Deputy Prime Minister Novak said on the 30th that OPEC+ countries participating in voluntary production reduction agreements will evaluate their ability to supply crude oil and petroleum products to the global market at the May 3rd meeting.”

Komsomolskaya Pravda

“участники Альянса проведут новую встречу, чтобы скорректировать объемы производства на фоне конфликта на Ближнем Востоке.”

CRI News Radio

“參與資源減產協議的歐佩克加國家 將在5月3日的會議上 評估其向全球市場供應 原油和石油產品的能力”

Mastodon

“OPEC+ agrees in principle on small oil output quota hike without UAE, sources sayhttps://www.thehindu.com/news/international/opec-agrees-in-principle-on-small-oil-output-quota-hike-without-uae-sources...”

MCOT FM 100.5 News

“OPEC+ Agrees To Modest Oil Production Increase”

MCOT FM 100.5 News

“现在我们在一个阶段,可以说是遇到了一个危机的阶段,从战争中影响到我们。现在我们说真话,燃油贵,贵得不能抗拒,因为燃油我们必须依靠别人,火灾也贵,现在我们也在经历火灾贵的问题,因为它与燃油有关,食物、商品,所有东西都贵了,最重要的是经济阶段也不好。”

OPEC+ Agrees To Modest Oil Production Quota Increase

“OPEC+ Agrees To Modest Oil Production Quota Increase”

2GB Sydney

“can add curry also has anti-inflammatory effects and that helped reduce inflammation”

Radio Mayak

“Он напомнил, что правительство приняло решение...”

Modernity/fed_treasury

“OPEC+ Agrees To Modest Oil Production Quota Increase”

Radio Svoboda

“да? Не, цена тогда скакнула, но до примерно 9. В 20-м году. Где эта граница доходности сланца? 100 долларов где-нибудь? Когда выше 100? Нет, не так. Ситуация была примерно следующая: при 60 долларах за баррель, примерно год назад, считалось, что сланцевая добыча более или менее стоит на плато. А при увеличении на 10 долларов за баррель вверх или вниз, сланцевая добыча добавляла или, соответственно, теряла примерно 1 миллион баррелей.”

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