Military Review

Reduction in oil production due to OPEC + transaction in the US turned out to be an American "performance"

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Reduction in oil production due to OPEC + transaction in the US turned out to be an American "performance"

The United States monitors the shale oil market in response to crises in the industry. The analytical company SPA (Shale Profile Analytics) notes that at the moment the situation does not inspire optimism among producers of shale hydrocarbons. It is expected that if the situation on the world oil market does not undergo changes in terms of raising prices to at least $ 45 per barrel, shale oil production will be reduced almost threefold. A preliminary estimate is a reduction to 4,5 million barrels per day.


It is added that a significant reduction in oil production for the United States has nothing to do with the OPEC + deal. In fact, the fact is revealed that Washington, agreeing to reduce within the framework of the mentioned OPEC +, in fact, initially understood that American companies would have to go for a significant reduction in oil production. Hence the “wide gesture” from Trump in the form of statements of readiness to “divide the volume of reduction with Mexico, taking over the bulk of such volumes.” It must be recalled that Mexico is one of those countries that was not eager to take the path of reducing oil production.

That is, the United States understood that a wave of crisis was coming in, it would have to go to reduce production, and therefore they played a performance in which they "persuaded other market participants to support the reduction initiative." They are cutting it themselves, certainly not because of the desire to join OPEC +, but corny because it is already impossible not to cut it.

SPA experts:

This (a three-fold reduction in oil production by shale oil) will dramatically undermine US influence on world energy markets and will seriously affect President Trump’s ability to use oil as a kind of geopolitical weapons.

To date, the bulk of the production of shale oil falls on those wells that have begun work in the past 14 months. It is about 55 percent of the US market. American shales have to give up drilling new wells.

As Military Review reported the previous day, in the United States, companies with a capitalization of less than $ 300 million engaged in the production of shale oil are removed from the list of companies for which credit ratings are compiled. This suggests that rating agencies have already ceased to consider them as production structures that can independently cope with the payment of accumulated debts. In turn, the cessation of publication of credit ratings and their future drafting cancels the plans of shale companies with the mentioned capitalization parameters (which is about half of the entire shale market in the USA) for attracting investments. An investor simply will not invest in oil production if he does not have data on his solvency on loans, as well as on what successes he intends to achieve in developing the field.

As the representatives of the shale industry themselves say, the situation at the moment is similar to that in which a bottle of champagne was prettyly shaken, and the cork began to slowly come out of the neck. It is no longer possible to return the cork. So you have to wait for the contents of the bottle to pour out.

It would seem, in this case - “substitute glasses and consume”. But the analogy with a bottle of champagne does not quite correspond to reality. The oil market is oversaturated, and few people are going to “consume” it, as they say, here and now. Therefore, many shale companies are producing as if by inertia - so as not to spend money on well conservation. And for a number of shale hydrocarbon wells that are operated in the USA, the concept of “conservation” is not suitable because of problems with rock stability. In the case of conservation, oil will begin to seep through the pores that have formed and are increasing due to high pressure inside the reservoir.

There is only one way out for the shale industry - to rely on the support of the state against the backdrop of hopes regarding rising prices.

And what about the prices?

They are marking around $ 35 a barrel. This is the brand name Brent. Prices have stabilized. For "non-shale workers" this (stabilization of oil prices) is a positive point. But for shale companies, there is nothing positive about this for the simple reason that the price has stabilized, to put it mildly, not quite at the point that will allow them to get a plus.
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  1. rocket757
    rocket757 25 May 2020 12: 40 New
    16
    That is, the United States understood that a wave of crisis was coming in, it would have to go to reduce production, and therefore they played a performance in which they "persuaded other market participants to support the reduction initiative." They are cutting it themselves, certainly not because of the desire to join OPEC +, but corny because it is already impossible not to cut it.

    Yes they said, they wrote about that! This was no secret to anyone .... for those who really appreciated the current situation!
  2. Far B
    Far B 25 May 2020 12: 40 New
    11
    Something the author has with the memory is not right. the Americans initially entered into a reduction deal precisely with the fact that their production would collapse anyway. None of this was a secret. What does any performance have to do with it? For the sake of a red word?
    1. The comment was deleted.
    2. alone
      alone 25 May 2020 13: 26 New
      13
      Quote: Dalny V
      Something the author has with the memory is not right. the Americans initially entered into a reduction deal precisely with the fact that their production would collapse anyway. None of this was a secret. What does any performance have to do with it? For the sake of a red word?

      This performance is needed to show how bad the American oil industry is because the prices have fallen .. It’s bad for everyone, not just the USA .. But there’s not a single article about how things are going in the Russian Oil and Gas industry .. Russian oil workers why there’s no article saying that the Gas War was launched just yesterday, that the leading LNG producers began to increase production, and because of this, gas prices rapidly went down ..
      The article is purely propagandistic and it’s not about anything .. It’s just written that already and so everyone knows hi
      1. Brturin
        Brturin 25 May 2020 14: 47 New
        +2
        Quote: lonely
        leading LNG producers began to increase production, and because of this, gas prices rapidly went down.

        You can build up whom to sell and where to store, LNG is not oil for a long time in tankers ...
        ! In particular, according to sources, the country's largest LNG producer, Cheniere Energy Inc., received requests from buyers with long-term contracts for the cancellation of up to 30 goods, which were supposed to be shipped in July. Buyers also said they would not accept at least 10 LNG cargo in June. We are talking about canceling shipments from the Sabine Pass and Corpus Christi LNG terminals. Sources added that buyers from Europe and Asia also requested to cancel July shipments from other US projects, including the Sempra Energy terminal in Louisiana and the Freeport LNG Development LP project in Texas. https://1prime.ru/energy/20200522/831494718.html
        1. alone
          alone 25 May 2020 15: 06 New
          +1
          Quote: BrTurin
          Sources added that buyers from Europe and Asia also requested to cancel July shipments from other US projects, including the Sempra Energy terminal in Louisiana and the Freeport LNG Development LP project in Texas.

          The Qataris are starting the war, not the United States .. production is increasing by 1,5 times at a price of 1000 USD for 26 dollars .. By the way, there are already buyers .. Believe it or not, those who bought gas from Gazprom yesterday
          1. Brturin
            Brturin 25 May 2020 15: 18 New
            +1
            We’ll see when real deliveries go and how much ... Someone refuses deliveries under long-term contracts and is ready to pay fines in order to buy gas cheaper from others ... When oil prices fell - the US Energy Alliance said they want to investigate whether Saudi Arabia, Russia and other countries are engaged in dumping ... otherwise theoretically information about corruption may appear again when choosing a championship ....
            1. alone
              alone 25 May 2020 15: 22 New
              +3
              Quote: BrTurin
              and then theoretically information about corruption may again appear when choosing a championship ....

              This is in the air
              Quote: BrTurin
              We will see when the real deliveries go and how much ...

              Already concluded a currency swap of 15 billion dollars .. Guess who? -Turkey ..
              1. Brturin
                Brturin 25 May 2020 15: 40 New
                +1
                A swap ... and then to whom the Turks will sell - part to themselves, and then, the Bulgarians and Greeks - the market there is not large, to Ukraine by reverse through the Trans-Balkan .... Italians and other large consumers, above refuse long-term ... after the EU economy will come to its senses then and you can see ...
                1. alone
                  alone 25 May 2020 15: 46 New
                  +2
                  Quote: BrTurin
                  A swap ... and then to whom the Turks will sell - part to themselves, and then, the Bulgarians and Greeks - the market there is not large, to Ukraine by reverse through the Trans-Balkan .... Italians and other large consumers, above refuse long-term ... after the EU economy will come to its senses then and you can see ..

                  The Turks have an annual consumption of 45 billion cubic meters .. If you even take into account that they buy half the amount, it’s 75 billion cubic meters .. It’s not that they will sell it to whom .. They bought it mainly from Russia .. And now they have reduced purchases 7 times ... This is a real market loss
                  1. Brturin
                    Brturin 25 May 2020 16: 07 New
                    +1
                    Quote: lonely
                    And now they have reduced purchases by 7 times ... This is a real loss of the market

                    Lost for a long time ... 7 times and the virus roams ... quarantines, there is no tourism .... once again the real picture will be clear after the economy wakes up ...
                    1. major147
                      major147 25 May 2020 19: 47 New
                      +1
                      Quote: BrTurin
                      there is no tourism.

                      Something tells me that this year there will be no Russian tourists in Turkey ....
          2. WIKI
            WIKI 25 May 2020 16: 05 New
            +1
            Quote: lonely
            Qatarians start the war

            War of all, against all. Don't forget about NOVATEK, which also unloads to Turkey. "The price for LNG delivered to Turkey on the spot market is $ 1,5-2,0 per MMBtu, while the price of Russian pipeline gas in the second quarter of 2020 is estimated at $ 6,5 per MMBtu" https: // ru. investing.com/news/stock-market-news/article-1970378
            1. alone
              alone 25 May 2020 16: 07 New
              +2
              Quote: WIKI
              "The price for LNG delivered to Turkey on the spot market is $ 1,5-2,0 per MMBtu, while the price of Russian pipeline gas in the second quarter of 2020 is estimated at $ 6,5 per MMBtu"

              That's right .. That is not in Russia's favor .. For the same MMbtu to pay 3 times more expensive .. There are no fools
              1. Botanologist
                Botanologist 25 May 2020 21: 35 New
                +2
                Quote: lonely
                For the same MMbtu pay 3 times more expensive .. There are no fools

                You do not confuse spot prices with the contract. daily changing the purchase price of gas without guaranteed supplies for the coming year is acceptable for Ukraine. but not for normal economies. Tomorrow will happen 60 per barrel of oil, and gas will go up - where will you find yourself with your savings? Go to the contract.
      2. New Year day
        New Year day 25 May 2020 14: 50 New
        -2
        Quote: lonely
        to give oh how bad it is to American oil companies because prices have fallen .. It’s bad for everyone now, not only the USA .. But there’s not a single article about how things are in the Russian Oil and Gas industry ..

        but the neighbor’s cow died laughing
      3. Svarog
        Svarog 25 May 2020 15: 07 New
        -2
        Quote: lonely
        Have Russian oil companies not suffered from this?

        So Sechin already asked for money, of course they suffered, I agree completely ..
        1. alone
          alone 25 May 2020 15: 08 New
          0
          Quote: Svarog
          So Sechin already asked for money, of course they suffered, I agree completely ..

          So I about it .. Isn't it better to discuss your problems ..
          1. Svarog
            Svarog 25 May 2020 15: 11 New
            0
            Quote: lonely
            Quote: Svarog
            So Sechin already asked for money, of course they suffered, I agree completely ..

            So I about it .. Isn't it better to discuss your problems ..

            What are you, it is better to discuss the Ukrainian problems, how Europe is bent and how oil workers are dying in the United States .. and everything is "good" with us, so much so that there is nothing to discuss ...
            1. alone
              alone 25 May 2020 15: 15 New
              +2
              Quote: Svarog
              What are you, it is better to discuss the Ukrainian problems, how Europe is bent and how oil workers are dying in the United States .. and everything is "good" with us, so much so that there is nothing to discuss ...

              laughing laughing
          2. Sling cutter
            Sling cutter 25 May 2020 16: 47 New
            +1
            Quote: lonely
            So I about it .. Isn't it better to discuss your problems ..

            We can’t think and discuss, we must wait for Yellowstone to explode.
      4. WIKI
        WIKI 25 May 2020 15: 54 New
        +3
        Quote: lonely
        But about the situation in the Oil and Gas industry in Russia, not a single article ..

        Russian oil exports in May and April through the Druzhba pipeline fell by 35%. https://www.interfax.ru/business/708608
        1. Brturin
          Brturin 25 May 2020 19: 08 New
          0
          There are a lot of numbers now, you can find it for every taste - as an example - Rosneft's net loss under IFRS attributable to shareholders of the company in the 1st quarter of 2020 amounted to 156 billion rubles. ($ 2 billion). The net loss of the British oil and gas giant BP attributable to shareholders in the first quarter of 2020 amounted to $ 4,365 billion. Let's see when the situation stabilizes. Who will survive and at what cost, and who ...
        2. Botanologist
          Botanologist 25 May 2020 21: 37 New
          +1
          And on the ESPO to China? We have more than one friendship. Oil pumps.
    3. Roman123567
      Roman123567 26 May 2020 10: 29 New
      -3
      Khmm .. the author with the memory is just fine ..
      It is enough to read what was written here a couple of months ago to fill in the gaps ..

      Briefly - the Russian Federation was proposed to reduce production by 300-500 thousand .. at an oil price of 50-60 bucks .. Novak refused ..
      Putin complains that we are reducing production, but the United States is not .. and so it’s not suitable .. It’s necessary, they say, the United States should pull it up too ..
      Further, we reduce production under a contract with OPEC by as much as 2,5 million.
      And then, "all of a sudden," the United States also announced a decrease in production at home.
      Calculations begin about how soon their slate will be bent .. from everywhere (from the side of the adherents of our tsar) approving sounds are heard ..
      It was all presented exactly as if we (together with the SA) forced the United States - as some have even begun to call it - to join OPEC ++
      Well, the arguments that now we not only lost 25% of production (when the price fell by 2,5 times), but also the hated America is forced to shut down drilling rigs, cut people .. unemployment, etc. etc.

      All talk that America did not sign any agreements (unlike us), and reduced production just as it would increase it, as soon as the price starts to rise (again, unlike us), they completely denied adherents. .

      So yes, I agree - it was a pure spectacle ..
      There are only doubts that America played it .. In fact, we ourselves muddied this performance, participated in it ourselves, applauded ourselves ..
  3. Alien From
    Alien From 25 May 2020 13: 16 New
    +2
    Why do we need to think about striped shale ...
    1. Voyager
      Voyager 25 May 2020 15: 27 New
      0
      Then, what the American policy in this industry directly affects our economy, if only in the final analysis.
      1. Alien From
        Alien From 25 May 2020 15: 53 New
        0
        So then it is, just our "fathers" only fill their pockets ...
    2. Sling cutter
      Sling cutter 25 May 2020 16: 41 New
      +2
      Quote: Alien From
      Why do we need to think about striped shale ...

      If we stop thinking about minke whales, then we have to think about our pensions. And who is this nada?
  4. A. Privalov
    A. Privalov 25 May 2020 13: 20 New
    +2
    US Strategic Petroleum Reserves have begun accepting raw materials from private companies. About 1,1 million barrels of oil were delivered to these storage facilities in April. The US Department of Energy entered into an agreement with the oil industry in April. They will be able to hold almost 23 million barrels of oil in strategic storage for about a year, with the bulk of the feed going in May and June.

    "Due to the record low oil price that you are observing, <...> we are filling our national oil reserves <...>, strategic reserves. We expect to send up to 75 million barrels to storage facilities, this will fill them. for a long time it (reserve - TASS comment) will be filled, we get it (oil - TASS comment) at the right price, "the head of the Washington administration said at a White House briefing.
  5. Dmitry Makarov
    Dmitry Makarov 25 May 2020 13: 29 New
    +2
    Millions of Americans have invested in the Shale industry, now they are poor as a church mouse.
    1. alone
      alone 25 May 2020 13: 50 New
      +3
      Quote: Dmitry Makarov
      Millions of Americans have invested in the Shale industry, now they are poor as a church mouse.

      Millions of people have not invested anything, and all 30 years are poor as well as church mice .. They even had something to invest wassat wassat
    2. Gogia
      Gogia 25 May 2020 14: 53 New
      +3
      I did not buy Gazprom shares on my Voucher .... Unlike amers who bought real shares. And in the United States, minority law is a holy cause, unlike our legislation.
    3. New Year day
      New Year day 25 May 2020 14: 54 New
      +3
      Quote: Dmitry Makarov
      Millions of Americans have invested in the Shale industry, now they are poor as a church mouse.

      what a pity! They are poor! laughing
      Our population did not invest in oil and gas, and although the "Gazprom-national heritage!" still poor, except for the owners of Gazprom, of course.
      therefore, the poverty of millions of Americans is somehow violet to me laughing
      1. Dmitry Makarov
        Dmitry Makarov 26 May 2020 00: 33 New
        +1
        And who forbids you to buy Gazprom shares?
  6. pmkemcity
    pmkemcity 25 May 2020 13: 40 New
    -3
    Quote: Dmitry Makarov
    Millions of Americans have invested in the Shale industry, now they are poor as a church mouse.

    Like an American "church mouse"!
  7. Gogia
    Gogia 25 May 2020 14: 51 New
    +3
    What a stupid article !!! This, and so everyone except the first year undergraduates understood. We are reducing the same principles. First of all, expensive deposits and wells. From reading received cognitive dissonance!
  8. Egor53
    Egor53 25 May 2020 15: 15 New
    +3
    At a shale well, that is oil, that gas, for 12 months of operation, the flow rate is reduced by about 10 times. These wells can only work with hydraulic fracturing with the injection of water with proppants (these are balls with a diameter of 1-1,5 mm. That simulate an easily permeable medium). Pleasure is very expensive.
    The cost of shale oil in the United States exceeds $ 40 per barrel. Platz $ 45 / barrel for American shale workers is no escape. Until the price rises above 60 no one in the US will drill new wells.
    In addition, proven oil reserves in the United States are reduced by more than 10% per year, and gas and even more - 15% per year.
    Draw your own conclusions.
    1. Courier
      Courier 25 May 2020 19: 54 New
      +1
      Cost $ 28, you have old data
    2. Kisa
      Kisa 25 May 2020 21: 59 New
      +1
      I can’t draw conclusions .... why 10 years ago all the main tanker traffic with raw materials was from the Persian towards Houston. Now the direction has changed in the opposite direction out of the blue - you say they have proven reserves for 10 years .... and what is the secret plan? ... gravitapsy flying on water in the near future is not expected ... why they broke so aggressively on hydrocarbon market?
  9. lapwings
    lapwings 25 May 2020 15: 21 New
    0
    Qatar's State Energy Minister and head of the state oil and gas company Qatar Petroleum Saad bin Shrida al-Kaabi believes that oil demand will return to pre-pandemic levels no earlier than a year or two.

    "The energy sector is very resilient and has gone through many cycles, but the current situation is different. It will take one to two years for demand to return to pre-pandemic levels and the industry back to normal, as the territory remains unexplored due to the impact of a self-induced recession."

    According to him, Qatar is not going to cut gas and LNG production as a result of falling prices.
    Natural gas prices in Europe may fall to negative values, Reuters writes, citing gas traders. “If the supply on the market remains high as the storage facilities fill up, we may see negative prices,” a trader in the European gas market told the agency.
    Gazprom’s revenues may suffer from a fall in prices, with 57% of deliveries tied to prices at European sites.
  10. Kuroneko
    Kuroneko 25 May 2020 15: 37 New
    -1
    The oil market is oversaturated, and few people are going to “consume” it, as they say, here and now. Therefore, many shale companies are producing as if by inertia - so as not to spend money on well conservation. And for a number of shale hydrocarbon wells that are operated in the USA, the concept of “conservation” is not suitable because of problems with rock stability. In the case of conservation, oil will begin to seep through the pores that have formed and are increasing due to high pressure inside the reservoir.

    Once again, I recommend that you read a very informative article on this topic (the presentation style, however, can scare someone away, because this is Lurka): http://lurkmore.to/Shale_revolution And our caring Roskomnadzor may not let many people go there without VPN. There this "shale bubble" is dissected in great detail.

    In general, the not-so-old topic with the "contamination" of oil in the largest Yusovsk storage facilities has somehow died out strangely. It would be worthwhile to figure out what and how there is according to the results at the moment.
  11. Grading
    Grading 25 May 2020 16: 10 New
    0
    Quote: BrTurin
    Quote: lonely
    leading LNG producers began to increase production, and because of this, gas prices rapidly went down.

    You can build up whom to sell and where to store, LNG is not oil for a long time in tankers ...
    ! In particular, according to sources, the country's largest LNG producer, Cheniere Energy Inc., received requests from buyers with long-term contracts for the cancellation of up to 30 goods, which were supposed to be shipped in July. Buyers also said they would not accept at least 10 LNG cargo in June. We are talking about canceling shipments from the Sabine Pass and Corpus Christi LNG terminals. Sources added that buyers from Europe and Asia also requested to cancel July shipments from other US projects, including the Sempra Energy terminal in Louisiana and the Freeport LNG Development LP project in Texas. https://1prime.ru/energy/20200522/831494718.html

    

    Qatar will hit Gazprom. There is a war on the gas market
    May 22, 2020 11342 12 ECONOMY
    Qatar will hit Gazprom. There is a war on the gas market

    Qatar, the world's largest producer of liquefied natural gas (LNG), has refused to reduce production and intends to increase it by 1,5 times by 2025 and 2 times by 2027. It will compete for markets with LNG from the USA, but also with Gazprom, which will reduce exports to Europe by 20% this year, including losing its share of LNG from the USA and Qatar in traditional markets for itself.

    The most effective
    The Minister of Energy and Chief Executive Officer of Qatar Petroleum Saad Sherida al-Qa'abi announced plans to increase LNG production. By 2025, Qatar will increase LNG volumes by 1,5 times, up to 110 million tons and up to 126 million tons by 2027. To achieve this, the company launches the North Field, where 80 exploratory wells have already been drilled. A contract was signed for the construction of 100 LNG tankers for LNG delivery.
    The head of Qatar Petroleum, quoted by Bloomberg, said at the US-Qatari Business Council: "We are the most cost-effective producer in the world in terms of costs and therefore can overcome market shocks." The coronavirus pandemic will not prevent the company from realizing its plans, on the contrary, many manufacturers will be forced to curtail production due to low prices, and Qatar will increase it.

    LNG producers in the USA also launch new capacities. Four projects are known: Rio Grande LNG with a capacity of 37 billion cubic meters of gas per year, Corpus Christi Stage III - 16,4 billion cubic meters, Annova LNG - 10 billion cubic meters and Texas LNG Brownsville - 5,8 billion cubic meters. A total of 69,2 billion cubic meters of gas per year is additional.

    New reality
    For Russia, this means new problems in the European market. Current prices, which have fallen to $ 45 per thousand cubic meters on a gas hub in the Netherlands, are already below the breakeven point, which is located at $ 100 for Gazprom. Today gas in Russia is more expensive than in Europe - in the Leningrad Region a thousand cubic meters costs $ 63, and in Central Russia - $ 67. Gazprom, excluding transportation costs, makes money in the domestic market, and not in Europe, where it accumulates losses.
    Liquefied gas makes Russian gas in Europe and other countries unnecessary. For example, Turkey refuses to supply Gazprom in favor of LNG from Qatar. Germany cut purchases by 46% in April. Other countries also prefer to buy cheap LNG rather than expensive pipeline gas from Russia. Since the beginning of 2020, LNG inflow to Europe has grown by 16%, to 39,5 billion cubic meters.
    The Skolkovo Energy Center notes that the situation on the gas market is reminiscent of the oil one, but Gazprom does not have a gas OPEC that would help regulate the price of gas by means of a conspiracy and share shares with major players. Therefore, gas prices for a long time will not exceed $ 100-110 per thousand cubic meters. This means that Gazprom, whose budget hole will reach $ 10 billion this year, will have to live in a new economic reality.
    1. MMX
      MMX 26 May 2020 09: 19 New
      -2
      Qatar will hit Gazprom. There is a war on the gas market


      The "news" is clearly good for NOVATEK, as it is the largest exporter of LNG in Russia. Considering that the article deals exclusively with negative phenomena specifically for Gazprom, the question arises, is there a collusion between NOVATEK and Qatar? laughing laughing

      Apparently, many of the "world experts" do not know that apart from Gazprom, there are other exporters in Russia. lol
  12. Grading
    Grading 25 May 2020 16: 29 New
    -2
    Quote: Egor53
    At a shale well, that is oil, that gas, for 12 months of operation, the flow rate is reduced by about 10 times. These wells can only work with hydraulic fracturing with the injection of water with proppants (these are balls with a diameter of 1-1,5 mm. That simulate an easily permeable medium). Pleasure is very expensive.
    The cost of shale oil in the United States exceeds $ 40 per barrel. Platz $ 45 / barrel for American shale workers is no escape. Until the price rises above 60 no one in the US will drill new wells.
    In addition, proven oil reserves in the United States are reduced by more than 10% per year, and gas and even more - 15% per year.
    Draw your own conclusions.

    Map of proven reserves in the world


    According to the EIA, in 2019 the U.S. produced an average of 17,04 million barrels of oil and gas condensate per day, and in March 2020 - 17,88 million barrels per day. In April, production fell by 3% to 17,26 million barrels, by December the drop would already be 12% - to 15,75 million barrels per day.

    In May - June, Russia. It should reduce production by 18,3% compared to March, or 23% from the base level of 11 million barrels per day to 8,49 million barrels per day. In June - December 2020, production will increase to 8,99 million barrels per day. This is 13,4% less than in March.
    Draw your own conclusions good
  13. Roman123567
    Roman123567 26 May 2020 10: 12 New
    -3
    It is added that a significant reduction in oil production for the United States has nothing to do with the OPEC + deal. In fact, the fact is revealed that Washington, agreeing to reduce within the framework of the mentioned OPEC +, in fact, initially understood that American companies would have to go for a significant reduction in oil production.

    That is, the United States understood that a wave of crisis was coming in, it would have to go to reduce production, and therefore they played a performance in which they "persuaded other market participants to support the reduction initiative." They are cutting it themselves, certainly not because of the desire to join OPEC +, but corny because it is already impossible not to cut it.


    Well, it is only idiots who could previously think that the United States cut something there because "Russia bent them."
  14. Grading
    Grading 26 May 2020 16: 31 New
    -2
    Quote: MMX
    Qatar will hit Gazprom. There is a war on the gas market


    The "news" is clearly good for NOVATEK, as it is the largest exporter of LNG in Russia. Considering that the article deals exclusively with negative phenomena specifically for Gazprom, the question arises, is there a collusion between NOVATEK and Qatar? laughing laughing

    Apparently, many of the "world experts" do not know that apart from Gazprom, there are other exporters in Russia. lol

    Yamal LNG, built by Novatek in partnership with the French Total Chinese CNPC and Silk Road Fund, is exempt from taxes. All profits from gas extracted from the bowels of the Russian Federation are shared between partners and don’t yet remind whose country the Novatek owner and his children really are fun let the people break through breakouts and jerks! laughing laughing laughing
  15. gridasov
    gridasov 27 May 2020 11: 34 New
    -1
    The most difficult ones are always the transitional moments of the evolution of the socio-economic and productive foundations of various economies of individual states, but even more complex are the moments of the reorientation of these economies to new energy technologies. And now it is safe to say that American analysts are doing a round dance. the era of petroleum products ends not because they do not exist, but because the United States is losing guaranteed access to it. And naturally, in order to maintain the viability of the country's economy, they are switching to new approaches to solving fundamental problems.