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"Сокращать выше 1,2 млн баррелей в день, по нашему мнению, было бы нецелесообразно. Если говорить о причинах выбора именно такой цифры, то стоит отметить, что несмотря на кажущуюся стабилизацию рынка, все еще сохраняется ряд неопределенностей. Самые, вероятно, сильные - это влияние санкций отдельных стран, а также торговые ограничения", - отметил глава Минэнерго России.

"To cut above 1.2 million barrels per day, in our opinion, it would be inappropriate. If we talk about the reasons for choosing such a figure, then it is worth noting that despite the apparent stabilization of the market, there are still a number of uncertainties. Most likely, the strongest are the influence of the sanctions of individual countries, as well as trade restrictions, "the Russian Energy Minister noted.

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OIL PRICE: NEAR $61 YET

Oil prices climbed by around 1 percent on Wednesday amid a stock market rebound and on expectations that an OPEC-led output cut for 2019 would stabilize the supply-demand balance.
International Brent crude oil futures LCOc1 were at $60.86 per barrel at 0543 GMT, up 66 cents, or 1.1 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.22 per barrel, up 57 cents, or 1.1 percent.
https://wognews.net/news/2018/12/oil-price-near-61-yet

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RUSSIA WILL CUT 50 TBD

Russia will cut its liquids output by 50,000-60,000 b/d in January under the latest agreement with OPEC, energy minister Alexander Novak said Tuesday.
"The monthly schedule for the output cut has already been [set]... We expect output will be cut by at least 50,000 b/d-60,000 b/d in January," he said, as reported by Prime news agency.
The report did not elaborate on the plan for subsequent months, which will see Russia eventually reduce output by 228,000 b/d.
https://wognews.net/news/2018/12/russia-will-cut-50-tbd

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OIL PRICE 2019: $61

Brent crude oil spot prices averaged $65 per barrel (b) in November, down $16/b from October, the largest monthly average price decline since December 2014.
EIA expects Brent spot prices will average $61 in 2019 and that West Texas Intermediate (WTI) crude oil prices will average about $7/b lower than Brent prices next year. NYMEX WTI futures and options contract values for March 2019 delivery that traded during the five-day period ending December 6, 2018, suggest a range of $36/b to $77/b encompasses the market expectation for March WTI prices at the 95% confidence level.
https://wognews.net/news/2018/12/oil-price-2019-61

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IRAN SANCTIONS AGAIN

US Energy Secretary Rick Perry said on Tuesday he had discussed his country's sanctions against Iran with Iraqi energy officials and signalled an intention to step up US private sector investment in Iraq.
Perry spoke at a Baghdad hotel where he was attending a US chamber of commerce event alongside Iraqi Oil Minister Thamer Ghadhban.
The United States has restored sanctions targeting Iran's oil industry as well as its banking and transport industry.
Baghdad, an ally of both Washington and Tehran, is seeking US approval to allow it to import Iranian gas for its power stations.
https://wognews.net/news/2018/12/iran-sanctions-again

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U.S. WANTS NORD STREAM 2

The US Congress appears increasingly interested in legislation targeting Russian energy exports to counter Moscow's aggression against Ukraine since the Sea of Azov incident, a top State Department official said Monday.
The House of Representatives is set to vote Tuesday on a non-binding resolution expressing opposition to the completion of the 55 Bcm/year Nord Stream 2 natural gas pipeline from Russia to Germany.
"We certainly are monitoring the level of interest that Congress has," Assistant Secretary for Energy Resources Francis Fannon told reporters during a briefing. "We've been monitoring the bills -- something like 10 bills out there -- all of which include Russian energy as a key component."
https://wognews.net/news/2018/12/u.s.-wants-nord-stream-2

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U.S. LNG WILL UP

EIA projects that U.S. liquefied natural gas (LNG) export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world behind Australia and Qatar. Currently, U.S. LNG export capacity stands at 3.6 Bcf/d, and it is expected to end the year at 4.9 Bcf/d as two new liquefaction units (called trains) become operational.
https://wognews.net/news/2018/12/u.s.-lng-will-up

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РОССИЯ СНИЗИТ ДОБЫЧУ НА 50 ТБД

Россия в рамках сделки ОПЕК+ планирует снизить добычу нефти в январе на 50-60 тысяч баррелей в сутки, сообщил журналистам глава Минэнерго РФ Александр Новак.
"График сокращения нефтедобычи по месяцам уже есть. Он предусматривает плавное постепенное снижение нефтедобычи в соответствии с договоренностями. Мы рассчитываем, что в январе будет минимум снижена добыча где-то на 50-60 тысяч баррелей в сутки", — сказал он.
https://wognews.net/news/2018/12/russia-will-cut-50-tbd?lang=ru

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АЛЕКСАНДР НОВАК: “МЫ ПРИВЕРЖЕНЫ ДОГОВОРЕННОСТЯМ, И РЫНОК ЭТО ЦЕНИТ”

"Было принято решение с 1 января сократить суммарно добычу на 1,2 млн барр в сутки, из них 800 тыс. возьмут на себя страны ОПЕК. Россия также примет участие в этом. Для нас это означает, что по отношению к октябрю 2018 года мы должны будем сократить производство на 2% или 220 тыс баррелей, это будет происходить постепенно", - подчеркнул Министр.

Пролонгация соглашения даст ощутимый эффект как на рынок, так и на экономики стран-участниц, отметил Александр Новак.

"Во-первых, решение позволит сбалансировать рынок, сохранить цены на рынке на нынешних уровнях. Для нас как производителей и потребителей комфортной ценой является диапазон $55-65 за баррель. Кроме того, это решение позволит достичь позитивных результатов для нашей экономики, преумножить налоговые поступления", - пояснил Министр.

"Мы привержены договоренностям, и рынок это ценит", - подчеркнул в заключение Александр Новак.
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