• Electricity
    • Nuclear
    • Thermal
    • Coal
  • Natural Gas
    • Upstream
    • Shale/Unconventional
    • Downstream
    • Lng/Lpg
  • Oil
    • Upstream
    • Downstream
    • Refining/Petro Chemistry
    • Transportation/Fuel Oil
  • Renewable
    • Wind
    • Solar
    • Hydro
    • Geothermal/Biomass
  • Finance
    • Projects
    • Invesments
    • Stock Market
  • Regulation
    • Oil
    • Electricity
    • Natural Gas
    • Renewable
    • LPG
  • Energy Diplomacy
    • Energy Security
    • International Relations
    • International Organization
    • Energy Projects
  • World
    • Turkey
    • Europe
    • Eurasia
    • Asia
    • Americas
    • Middle East-Africa
  • Reports
  • other
    • News from companies
    • Energy Meetings
    • Video
  • Türkçe
  • English

Anadolu AgencyAnadolu Agency

  • Log Out Log in
  • Anadolu Agency
  • Electricity
    • Nuclear
      Accident at atomic site 'nuclear terrorism': Iran

      Accident at atomic site 'nuclear terrorism': Iran

      Germany stresses 'real chance' to save Iran nuke deal

      Germany stresses 'real chance' to save Iran nuke deal

      Iran urges need to lift US sanctions as nuke talks end

      Iran urges need to lift US sanctions as nuke talks end

      France, Iran talk ahead of Vienna meeting

      France, Iran talk ahead of Vienna meeting

    • Thermal
      Turkey's electricity consumption up 12.24% in March

      Turkey's electricity consumption up 12.24% in March

      Turkey's daily power consumption up 0.09% on April 1

      Turkey's daily power consumption up 0.09% on April 1

      Turkey's daily power consumption up 0.35% on March 18

      Turkey's daily power consumption up 0.35% on March 18

      Renewable returns outpace fossil fuels threefold

      Renewable returns outpace fossil fuels threefold

    • Coal
      Coal boom in China offset record plant retirement

      Coal boom in China offset record plant retirement

      Finance shifts to low-carbon with fossil stock losses

      Finance shifts to low-carbon with fossil stock losses

      Drastic action needed to avoid climate change costs

      Drastic action needed to avoid climate change costs

      Spot market electricity prices for Saturday, March 20

      Spot market electricity prices for Saturday, March 20

  • Natural Gas
    • Upstream
      Eni announces oil discovery in Western Desert of Egypt

      Eni announces oil discovery in Western Desert of Egypt

      US produces, consumes record high natural gas in 2019

      US produces, consumes record high natural gas in 2019

      Nigeria's president launches new gas pipeline project

      Nigeria's president launches new gas pipeline project

      OPEC holds first technical meeting with gas exporters

      OPEC holds first technical meeting with gas exporters

    • Shale/Unconventional
      Spot market natural gas prices for Monday, March 8

      Spot market natural gas prices for Monday, March 8

      Spot market natural gas prices for Sunday Aug. 23

      Spot market natural gas prices for Sunday Aug. 23

      Spot market natural gas prices for Monday, March 2

      Spot market natural gas prices for Monday, March 2

      Spot market natural gas prices for Tuesday, Feb. 11

      Spot market natural gas prices for Tuesday, Feb. 11

    • Downstream
      Spot market natural gas prices for Tuesday, March 16

      Spot market natural gas prices for Tuesday, March 16

      Turkey's gas imports from Iran see sharp fall in 2020

      Turkey's gas imports from Iran see sharp fall in 2020

      3rd Turkish drillship leaves Mersin bound for Black Sea

      3rd Turkish drillship leaves Mersin bound for Black Sea

      Dialogue, de-escalation in E.Med benefit everyone: NATO

      Dialogue, de-escalation in E.Med benefit everyone: NATO

    • Lng/Lpg
      Nigerian LNG vessel to arrive in Turkey on April 12

      Nigerian LNG vessel to arrive in Turkey on April 12

      Qatar Petroleum to solely own Qatargas 1 in 2022

      Qatar Petroleum to solely own Qatargas 1 in 2022

      Norwegian LNG vessel to arrive in Turkey on March 27

      Norwegian LNG vessel to arrive in Turkey on March 27

      Qatar Petroleum signs LNG deal with China's Sinopec

      Qatar Petroleum signs LNG deal with China's Sinopec

  • Oil
    • Upstream
      Oil prices up by over 2% for week ending April 2

      Oil prices up by over 2% for week ending April 2

      Indonesia's Balongan refinery rocked by massive blast

      Indonesia's Balongan refinery rocked by massive blast

      ExxonMobil makes first discovery offshore Suriname

      ExxonMobil makes first discovery offshore Suriname

      Rosneft income falls 77%, revenue down 51% in 2Q20

      Rosneft income falls 77%, revenue down 51% in 2Q20

    • Downstream
      US oil rig count rises by 2 for week ending Jan. 22

      US oil rig count rises by 2 for week ending Jan. 22

      ExxonMobil makes first discovery offshore Suriname

      ExxonMobil makes first discovery offshore Suriname

      US oil rig count rises by four for week ending Oct. 9

      US oil rig count rises by four for week ending Oct. 9

      Lundin upgrades Edvard Grieg field reserve estimates

      Lundin upgrades Edvard Grieg field reserve estimates

    • Refining/Petro Chemistry
      Oil prices up by over 2% for week ending April 2

      Oil prices up by over 2% for week ending April 2

      Oil prices up over OPEC+’s cautious output ease

      Oil prices up over OPEC+’s cautious output ease

      EU halts sanctions for more Turkish oil firm officials

      EU halts sanctions for more Turkish oil firm officials

      Brent oil price down 0.56% for week ending Feb. 19

      Brent oil price down 0.56% for week ending Feb. 19

    • Transportation/Fuel Oil
      Suez Canal traffic jam cleared, says Egypt

      Suez Canal traffic jam cleared, says Egypt

      Oil prices up by over 2% for week ending April 2

      Oil prices up by over 2% for week ending April 2

      Oil majors accelerate energy transition policies: Fitch

      Oil majors accelerate energy transition policies: Fitch

      Venezuela condemns US policy of seizing fuel shipments

      Venezuela condemns US policy of seizing fuel shipments

  • Renewable
    • Wind
      Nordex Group wins turbine order for Istanbul wind farm

      Nordex Group wins turbine order for Istanbul wind farm

      First wind farm construction starts in Uzbekistan

      First wind farm construction starts in Uzbekistan

      Wind and solar drive record drop in coal in 2020

      Wind and solar drive record drop in coal in 2020

      Despite Covid-19 wind energy sector soars in 2020

      Despite Covid-19 wind energy sector soars in 2020

    • Solar
      Turkey's Gumbel Group to invest $15M in solar technology

      Turkey's Gumbel Group to invest $15M in solar technology

      Wind and solar drive record drop in coal in 2020

      Wind and solar drive record drop in coal in 2020

      Turkey’s solar power generation soars 50%: Energy min.

      Turkey’s solar power generation soars 50%: Energy min.

      Esenboga Electric Production buys 39 solar power plants

      Esenboga Electric Production buys 39 solar power plants

    • Hydro
      BP plans UK’s largest hydrogen project

      BP plans UK’s largest hydrogen project

      Hydro provides most of Norway's power in February

      Hydro provides most of Norway's power in February

      China plans world’s biggest dam build on Tibetan river

      China plans world’s biggest dam build on Tibetan river

      IRENA boosts sustainable hydropower through partnership

      IRENA boosts sustainable hydropower through partnership

    • Geothermal/Biomass
      Europe needs to build more wind farms for climate goals

      Europe needs to build more wind farms for climate goals

      Turkey in top 4 countries with geothermal capacity

      Turkey in top 4 countries with geothermal capacity

      Biomass can meet one-third of Turkey's annual power

      Biomass can meet one-third of Turkey's annual power

      EU approves €550M Danish aid to support biomass plants

      EU approves €550M Danish aid to support biomass plants

  • Finance
    • Projects
      Turkey unveils Economic Reform Action Plan

      Turkey unveils Economic Reform Action Plan

      BP plans UK’s largest hydrogen project

      BP plans UK’s largest hydrogen project

      US warns entities to abandon Nord Stream 2 gas pipeline

      US warns entities to abandon Nord Stream 2 gas pipeline

      Turkey announces landmark new economic reform package

      Turkey announces landmark new economic reform package

    • Invesments
      Turkey to boost green bonds for more clean investment

      Turkey to boost green bonds for more clean investment

      Turkey: public sector vital for getting energy invests.

      Turkey: public sector vital for getting energy invests.

      Turkey announces landmark new economic reform package

      Turkey announces landmark new economic reform package

      Over $1T invested in coal despite trendy climate goals

      Over $1T invested in coal despite trendy climate goals

    • Stock Market
      Turkey's electricity consumption up 12.24% in March

      Turkey's electricity consumption up 12.24% in March

      Oil prices up over OPEC+’s cautious output ease

      Oil prices up over OPEC+’s cautious output ease

      Turkey's daily power consumption up 0.35% on March 18

      Turkey's daily power consumption up 0.35% on March 18

      Oil majors accelerate energy transition policies: Fitch

      Oil majors accelerate energy transition policies: Fitch

  • Regulation
    • Oil
      Oil up on US inventory fall, UK vaccine approval

      Oil up on US inventory fall, UK vaccine approval

      Fitch reduces oil price forecast due to higher supply

      Fitch reduces oil price forecast due to higher supply

      S. Arabia, Iraq discuss efforts to stabilize oil market

      S. Arabia, Iraq discuss efforts to stabilize oil market

      US crude oil inventories fall for week ending Aug. 14

      US crude oil inventories fall for week ending Aug. 14

    • Electricity
      Spot market electricity prices for Friday, Dec. 4

      Spot market electricity prices for Friday, Dec. 4

      24/7 power with Turkey’s new mobile monitoring system

      24/7 power with Turkey’s new mobile monitoring system

      Turkey's daily power consumption up 3.28% on Sept. 8

      Turkey's daily power consumption up 3.28% on Sept. 8

      Sudan: Flashpoint Ethiopian dam not related to floods

      Sudan: Flashpoint Ethiopian dam not related to floods

    • Natural Gas
      Turkey's daily power consumption down 0.77% on Oct. 23

      Turkey's daily power consumption down 0.77% on Oct. 23

      Russian Lukoil starts Chashkino gas-turbine power plant

      Russian Lukoil starts Chashkino gas-turbine power plant

      Gazprom posts 26% loss in 1H20

      Gazprom posts 26% loss in 1H20

      Trump scraps Obama methane limits in oil, gas sectors

      Trump scraps Obama methane limits in oil, gas sectors

    • Renewable
      Global electric vehicle adoption accelerates in 2020

      Global electric vehicle adoption accelerates in 2020

      World adds record new clean energy capacity in 2020

      World adds record new clean energy capacity in 2020

      Finance shifts to low-carbon with fossil stock losses

      Finance shifts to low-carbon with fossil stock losses

      US electricity grid to increase use of battery storage

      US electricity grid to increase use of battery storage

    • LPG
      Turkey's LPG imports down 21.07% in January

      Turkey's LPG imports down 21.07% in January

      Pandemic reveals importance and reliability of LPG

      Pandemic reveals importance and reliability of LPG

      Turkish fund Oyak to buy Demiroren's auto fuel ops.

      Turkish fund Oyak to buy Demiroren's auto fuel ops.

      Turkey's LPG imports down over 19.02% in June 2019

      Turkey's LPG imports down over 19.02% in June 2019

  • Energy Diplomacy
    • Energy Security
      Iran backs Assad regime by shipping 3M barrels of oil

      Iran backs Assad regime by shipping 3M barrels of oil

      Accident at atomic site 'nuclear terrorism': Iran

      Accident at atomic site 'nuclear terrorism': Iran

      South Sudan’s economy hit by drop in oil prices, floods

      South Sudan’s economy hit by drop in oil prices, floods

      Mozambican oil group seeks global help to fight terror

      Mozambican oil group seeks global help to fight terror

    • International Relations
      Uganda, Tanzania sign oil pipeline project agreement

      Uganda, Tanzania sign oil pipeline project agreement

      Iraqi PM makes first official visit to Saudi Arabia

      Iraqi PM makes first official visit to Saudi Arabia

      Leaders call for global unity to limit temperature rise

      Leaders call for global unity to limit temperature rise

      Sudan accepts UAE mediation over disputes with Ethiopia

      Sudan accepts UAE mediation over disputes with Ethiopia

    • International Organization
      2-month OPEC+ cuts rollover ‘best decision’: experts

      2-month OPEC+ cuts rollover ‘best decision’: experts

      Qatar Petroleum to solely own Qatargas 1 in 2022

      Qatar Petroleum to solely own Qatargas 1 in 2022

      Oil giants to convene for JMMC ahead of OPEC+ meeting

      Oil giants to convene for JMMC ahead of OPEC+ meeting

      Suez closure shows Asia’s reliance on Eastward oil flow

      Suez closure shows Asia’s reliance on Eastward oil flow

    • Energy Projects
      Oil prices up over OPEC+’s cautious output ease

      Oil prices up over OPEC+’s cautious output ease

      Siemens Energy signs long-term service deal with Aramco

      Siemens Energy signs long-term service deal with Aramco

      Qatar Petroleum to solely own Qatargas 1 in 2022

      Qatar Petroleum to solely own Qatargas 1 in 2022

      Iraq awards drilling of 96 oil wells to Schlumberger

      Iraq awards drilling of 96 oil wells to Schlumberger

  • World
    • Turkey
      Spot market natural gas prices for Sunday, April 11

      Spot market natural gas prices for Sunday, April 11

      Spot market electricity prices for Tuesday, April 13

      Spot market electricity prices for Tuesday, April 13

      Turkey's daily power consumption down 8.2% on April 11

      Turkey's daily power consumption down 8.2% on April 11

      Spot market electricity prices for Saturday, April 12

      Spot market electricity prices for Saturday, April 12

    • Europe
      Majority support EU ban on petrol, diesel car sales

      Majority support EU ban on petrol, diesel car sales

      Oil down over demand fears as India’s virus cases surge

      Oil down over demand fears as India’s virus cases surge

      Oil prices down over unexpected build in US fuel stocks

      Oil prices down over unexpected build in US fuel stocks

      Turkey decries 'provocative' remarks by Greek deputy FM

      Turkey decries 'provocative' remarks by Greek deputy FM

    • Eurasia
      Oil down over demand fears as India’s virus cases surge

      Oil down over demand fears as India’s virus cases surge

      Kremlin: escalation in Ukraine poses threat to Russia

      Kremlin: escalation in Ukraine poses threat to Russia

      Oil prices down over unexpected build in US fuel stocks

      Oil prices down over unexpected build in US fuel stocks

      US says Russia undermining decreased Ukraine tensions

      US says Russia undermining decreased Ukraine tensions

    • Asia
      Oil down over demand fears as India’s virus cases surge

      Oil down over demand fears as India’s virus cases surge

      Singapore 1st ASEAN country to ratify huge trade pact

      Singapore 1st ASEAN country to ratify huge trade pact

      India has 'concerns' with US for maritime operation

      India has 'concerns' with US for maritime operation

      Oil prices down over unexpected build in US fuel stocks

      Oil prices down over unexpected build in US fuel stocks

    • Americas
      Oil down over demand fears as India’s virus cases surge

      Oil down over demand fears as India’s virus cases surge

      Oil rig count in US remains unchanged this week

      Oil rig count in US remains unchanged this week

      India has 'concerns' with US for maritime operation

      India has 'concerns' with US for maritime operation

      US to allow $61.4 million for biofuels research

      US to allow $61.4 million for biofuels research

    • Middle East-Africa
      Brent leaps over alleged attacks on Aramco facilities

      Brent leaps over alleged attacks on Aramco facilities

      Iran backs Assad regime by shipping 3M barrels of oil

      Iran backs Assad regime by shipping 3M barrels of oil

      Oil down over demand fears as India’s virus cases surge

      Oil down over demand fears as India’s virus cases surge

      Accident at atomic site 'nuclear terrorism': Iran

      Accident at atomic site 'nuclear terrorism': Iran

  • Reports
  • other
    • News from companies
    • Energy Meetings
    • Video
  • Anadolu Agency

Saudis surprise while Russia wins in new OPEC deal

- Kingdom cements its power as swing producer by making 400,000 barrels a day voluntary curb

home > analysis 10.12.2019 12:04 Övunç Kutlu

Saudis surprise while Russia wins in new OPEC deal
Analiz
Övunç Kutlu

Reporter Editör

Saudi Arabia shook the oil world by making a voluntary production cut although Russia was the winner in the latest OPEC deal that ensures both OPEC and ally countries comply with their production quotas.

OPEC's Saudi-led 14 members along with 10 members of Russia-spearheaded non-OPEC met on Thursday and Friday in Vienna, Austria for three meetings.

The two-day rally kicked off at 1000 GMT on Thursday with the 17th meeting of the Joint Ministerial Monitoring Conference (JMMC), which has been responsible for monitoring both OPEC and non-OPEC members' oil production and adherence to output quotas.

After the meeting, Russian Energy Minister Alexander Novak said the JMMC advised OPEC and its allies to lower their collective production by an additional 500,000 barrels per day (bpd) on top of their current total reduction of 1.2 million bpd until the end of March 2020.

Later on Thursday, the much-anticipated 7th OPEC and the non-OPEC ministerial meeting started. However, the customary media scrum, which allowed journalists to ask questions to OPEC ministers after the opening speeches, was canceled upon Saudi Arabia's request.

As ministers began their meeting two hours late at 1615 GMT behind closed doors, a six-hour wait ensued before the first group of ministers left the OPEC headquarters in Vienna at around 2205 GMT.

As ministers left one by one, it was only Saudi Energy Minister Prince Abdulaziz bin Salman who made the effort to address the gathered media, although his answers did not exceed a few words.

"We can't say we have an agreement until we meet with our colleagues in non-OPEC," bin Salman said, referring to the next day's meeting. However, he responded in the affirmative to the question of whether there is an agreement among OPEC members, "Of course," he replied.

Compliance with quotas was the hottest topic in the meeting, as well as whether an additional 500,000 bpd cut would be adequate to remove some of the oversupply in the market to rebalance oil prices.

- Russia's condensate output resolved

The second and final day of the gathering started Friday with the 7th OPEC and non-OPEC ministerial meeting, as bin Salman, in a surprise move speaking in English, tried to assure the oil market over price volatility.

"The market would have to trust us, the analysts would have to believe us, without which we cannot deliver what we want to achieve," he said.

"We want to assure the market and the analysts that we are doing our job properly. We will assure the market and ourselves that this market will not be left unattended," he added.

After approximately three hours, bin Salman and Novak took to the podium in the newsroom as Russian energy minister said OPEC and its allies, known as OPEC+, would lower their current output by an additional 500,000 bpd, with Russia undertaking around 70,000 bpd of this, and raising its output cut from 228,000 to 300,000 bpd.

Russia's condensate oil production will no longer be calculated inside the country's crude oil production quota, Novak confirmed.

That was a big score for Russia, whose increasing condensate oil production from natural gas wells has become a topic of controversy in recent months.

The country, which needs greater output of gas in the winter season, missed its oil production reduction target within the current OPEC deal both in September and November.

- Saudi's surprise voluntary cut

As part of the additional 500,000 bpd production curb, Saudi Arabia said it would participate by lowering its output by 167,000 bpd.

Then, bin Salman stole the show by announcing that the kingdom would make a voluntary production cut through lowering its oil output by an additional 400,000 bpd.

With the latest 500,000 bpd cut, the 400,000 voluntary curbs raised the total amount of output cuts by OPEC+ to 2.1 million bpd, from the current 1.2 million bpd, until the end of March 2020.

"We call it voluntary because we know the limitations of some of our friends and colleagues," he said.

It may seem like Saudi Arabia provided help for fellow OPEC members through its voluntary cut, but rather it gained significant leverage.

The kingdom can now adjust the level of its voluntary cut without asking any fellow members, and use it as a carrot and stick, while ensuring the kingdom has greater influence over other OPEC members.

Right now, the voluntary cut works in favor of all OPEC countries. However, if one or more OPEC members do not adhere to their respective quotas, the Saudis can breach the voluntary cut temporarily to pump higher oil volumes and let crude prices fall to hurt those countries' economies.

While OPEC has been much criticized over the last three years for losing its influence in the oil market, the voluntary cut also cements Saudi Arabia's position as a swing producer in the global oil market.

As seen in the drone attacks against the kingdom in September, a few days of supply cuts from the kingdom could push oil prices up more than 5%. Saudi Arabia has turned a negative event into a positive, and can now increase or decrease the level of its voluntary cut to adjust oil prices to some degree.

As bin Salman recalled on Friday, Saudi Arabia has helped the oil market in the past -- when oil prices were too high, it increased its output to lower prices, and when prices were too low, it took most of the burden of a production cut to increase prices.

- More frequent meetings

Saudi Arabia also made sure that OPEC and its allies would meet more frequently to monitor oil market conditions, supply, demand and prices.

The next meeting at the beginning of March will also help the kingdom closely monitor the compliance level of fellow OPEC members and non-OPEC producers.

The 178th (Extraordinary) Meeting of the OPEC Conference will be held in Vienna on March 5, followed by the 8th OPEC and non-OPEC Ministerial Meeting on March 6.

Until then, the most important question will be how much the additional collective 500,000 bpd cut and Saudi's 400,000 output curb will help the glut of supply in the global oil market to push prices higher.

The next question for Saudi Arabia is whether OPEC members will adhere to their new production quotas, or if Riyadh will need to find new ways to make them?

Writing by Ovunc Kutlu

Editing by Anne Akti

Anadolu Agency

energy@aa.com.tr


related news

US warns Germany over Nord Stream 2 gas pipeline
Oil down over demand fears as India’s virus cases surge
Uganda, Tanzania sign oil pipeline project agreement
Oil prices down over unexpected build in US fuel stocks
US crude oil inventories fall for week ending April 2
US energy agency revises up its oil price forecast
Facebook Facebook Twitter Google LinkedIn

Natural Gas Discoveries in Black Sea: What Does It Mean For Turkey?

24.08.2020 analysis

EU's hypocrisy will not resolve disputes in Eastern Mediterranean

17.08.2020 analysis

Cheap Oil: which country is it good for?

30.03.2020 analysis

Will Turkey Explore Oil in Somalia?

10.03.2020 analysis

Current Status of Nuclear Energy in EU and Turkey

02.01.2020 analysis

Saudis surprise while Russia wins in new OPEC deal

- Kingdom cements its power as swing producer by making 400,000 barrels a day voluntary curb
10.12.2019 analysis

Spain’s Renewables Curse: How Not to Regulate?

12.12.2019 analysis

Trump’s Syrian Oil Grab Could Lead to War Crime

14.11.2019 analysis

Saudi Aramco to sell 0.5% in IPO to retail investors

- Oil reserves of company, estimated at 209 billion barrels, comes in as second largest in world after Venezuela
11.11.2019 analysis

Saudi Aramco prepares for $2T IPO in Tadawul on Dec. 11

- World's most profitable company targets $2 trillion valuation that is set to surpass Microsoft, Apple, Alphabet
11.11.2019 analysis

OPEC losing control, share in global oil market

- Controlling 70% of world oil supply in 1970s, OPEC's share in global oil market fell to 29% in September
25.10.2019 analysis

H. Biden’s ties to Ukraine gas firm rocks US politics

-Ukrainian private gas firm is at the center of political duel between Donald Trump and Joe Biden for 2020 presidential race
26.09.2019 analysis

US crude oil production more than doubles in decade

- Since shale oil revolution in 2008, US sees annual crude production grow by 119%
15.04.2019 analysis

US crude exports to catch up with Saudi Arabia by 2024

- Crude exports estimated to reach 9 million barrels per day in five years, International Energy Agency says
13.03.2019 analysis

Merger & Acquisition challenges in Oil and Gas sector

25.02.2019 analysis

Future of LNG as marine fuel

14.02.2019 analysis

The new energy transition quest

07.02.2019 analysis

Time to reconsider carbon pricing

23.01.2019 analysis

Rising US shale could force OPEC to cut more

- US shale could rapidly fill supply void in market forcing OPEC+ to make another output cut in the first half of 2019
31.12.2018 analysis

Adoption of blockchain in oil and gas industry

21.12.2018 analysis

OPEC cuts inadequate for oil market, prices

- Deal to curb production failed to boost prices, while forecasts indicate prices to remain low for some time
14.12.2018 analysis

China’s long road to become regional gas hub

11.12.2018 analysis

Gulf rift hits OPEC with Qatar's exit

- Qatar's decision could put more pressure on Saudis, while Doha and Washington cozy up
08.12.2018 analysis

Going digital in oil & gas industry

07.12.2018 analysis

OPEC's dilemma: Lose market share or revenue

Output cuts would mean losing market share to US producers, but keeping it would bring prices lower causing revenue loss
29.11.2018 analysis

Navigating hardships with diversified energy portfolio

28.11.2018 analysis

Shift to East is Russia’s new market target

20.11.2018 analysis

Hub-based pricing or oil indexation, which to choose?

15.11.2018 analysis

Saudi Aramco’s switch to new oil benchmark

07.11.2018 analysis

Decarbonizing the world energy system

30.10.2018 analysis

Advancements in financing renewable energy

23.10.2018 analysis

Has Energiewende been successful since its inception?

09.10.2018 analysis

Natural gas as fuel of choice in transportation sector

03.10.2018 analysis

Challenges ahead for European natural gas

25.09.2018 analysis

Gazprom’s slow adaptation to new market realities

18.09.2018 analysis

Impact of Nord Stream 2 on Eastern and Central Europe

14.09.2018 analysis

Changing trends in LNG trading

05.09.2018 analysis

The resilience of Russia’s oil industry

28.08.2018 analysis

Natural gas pipeline diplomacy in Moscow

25.09.2018 analysis

Moscow’s oil pipeline diplomacy

14.08.2018 analysis

Fate of LNG suppliers who cannot meet domestic gas demand

09.08.2018 analysis

Will Russia mend fences with Ukraine when gas

09.08.2018 analysis

A shift in LNG trade in Northeast Asia

09.08.2018 analysis

Egypt’s regional gas hub aspiration: An uphill battle

17.07.2018 analysis

A hard balancing act for Egypt’s gas market

11.07.2018 analysis

The Uphill Battle of Electric Vehicles

09.08.2018 analysis

Oil and gas sector in the age of cybersecurity

09.08.2018 analysis

Renewable energy in the age of cybersecurity

09.08.2018 analysis

Changing Geopolitical Dynamics in Renewable Energy

13.06.2018 analysis

A time of uncertainty in oil prices

09.08.2018 analysis

Navigating through changes in petroleum taxation

29.05.2018 analysis

Potential impact of Trump’s decision on Iranian natural gas sector

09.08.2018 analysis

Onset of turbulence with US withdrawal from Iran Nuclear Deal

09.08.2018 analysis

Natural gas is back stronger than ever

09.08.2018 analysis

Can biofuels offer major breakthrough for renewables?

02.05.2018 analysis

Weekly Oil report, April 30

09.08.2018 analysis

Weekly Oil Report, April 24

09.08.2018 analysis

Accelerating renewable energy momentum in MENA

09.08.2018 analysis

Weekly Oil Report, April 17

17.04.2018 analysis

Reforming Energy Subsidies in the MENA

17.04.2018 analysis

Weekly Oil Report, April 10

11.04.2018 analysis

New energy export strategy: Russia’s shift to nuclear energy

09.04.2018 analysis

Could shale gas help the EU achieve energy diversification?

11.04.2018 analysis

Weekly Oil Report, April 2

05.04.2018 analysis

Weekly Oil Report, March 27

05.04.2018 analysis

Financing Renewable Energy: How Tough Is It?

05.04.2018 analysis

Weekly Oil Report, March 20

05.04.2018 analysis

Will privatization in the Gulf be successful?

21.03.2018 analysis

Weekly Oil Report, March 13

14.03.2018 analysis

Japan’s lesson in energy resilience through adaptability

13.03.2018 analysis

Weekly Oil Report, March 6

08.03.2018 analysis

How Russia reinvigorated its oil industry since 2014

05.03.2018 analysis

Weekly Oil Report, Feb. 27

05.04.2018 analysis

Sailing through Arctic, what challenges lie ahead for U.S.?

26.02.2018 analysis

Weekly Oil Report, Feb. 20

21.02.2018 analysis

Russia in the Arctic

21.02.2018 analysis

Weekly Oil Report, Feb. 13

14.02.2018 analysis

Are Arctic’s vast hydrocarbon reserves able to attract investors?

12.02.2018 analysis

Weekly Oil Report, Feb. 6

07.02.2018 analysis

The role of non-state actors in climate negotiations

07.02.2018 analysis

Weekly Oil Report, Jan 30

05.04.2018 analysis

Russia’s future in global LNG market- II

05.04.2018 analysis

Weekly Oil Report, Jan. 23

05.04.2018 analysis

Russia’s future in global LNG market

05.04.2018 analysis

Weekly Oil Report, Jan. 16

05.04.2018 analysis

Russian briefing, Jan. 15

15.01.2018 analysis

Kiev’s achievement in weaning off Russian natural gas-II

15.01.2018 analysis

Weekly oil report, Jan. 9

10.01.2018 analysis

Kiev’s achievement in weaning off Russian natural gas

08.01.2018 analysis

Weekly Oil Report, Jan. 2

05.04.2018 analysis

Weekly Oil Report, Dec. 25

27.12.2017 analysis

Will Trump’s efforts on reviving coal industry work?

26.12.2017 analysis

Russia-China energy relations in the post-Crimea period

26.12.2017 analysis

Weekly Oil Report, Dec. 19

05.04.2018 analysis

Weekly Oil Report, Dec. 12

12.12.2017 analysis

Sino-Russian relations in era of rising gas glut

12.12.2017 analysis

Weekly Oil Report, Dec. 5

06.12.2017 analysis

Sino-Russian Oil Alliance in 1990’s aftermath

05.12.2017 analysis

Weekly Oil Report, Nov. 28

28.11.2017 analysis

China’s increasing weight in the Middle East

27.11.2017 analysis
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11

  • Saudis surprise while Russia wins in new OPEC deal
1 / 1

Saudis surprise while Russia wins in new OPEC deal

  • up
Anadolu Agency

Corporate

  • History
  • Editorial Guideliness
  • Social Media Policies
  • Executive Team
  • Domestic Offices
  • International Offices
  • Media Center
  • Contact
  • Quality Management
  • Privacy and Cookies Policy
  • Information Policy
  • Diary
  • Coronavirus Infection Map
  • Subscription Requests
  • Announcement Service

  • Company News
  • Finance Terminal
  • Anadolu Images
  • Energy Terminal
  • News Academy

mobile services

  • IPhone Application
  • IPad Application
  • Android Application
  • Windows Application
We use cookies in a limited and restricted manner for specific purposes. For more details, you can see "our data policy".
Accept
© Anadolu Agency 2021