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Russia: Big Three Dominate Fuel oil Export Market
Oct 15, 2018 ... fuel oil making up around 40% of total available volume. Another big producer of fuel oil is Lukoil. Seventy-five per cent of Lukoil's fuel oil output comes from Nizhny Novgorod. However, the ...
Crude Slips as Russia Says it's Time to Phase Out Production Curbs
May 24, 2018 ... if to help Novak steer the rhetoric in an entirely new direction, Vagit Alekperov, president of Lukoil, also said on Thursday the time has come to increase global oil output because prices have ...
IMO2020: Lukoil States Low Sulfur Product Production Volumes
Apr 18, 2018 ... energy company Lukoil is aiming to produce between 360,000 metric tonnes (mt) and 480,000 mt of 0.5% sulfur bunker fuel a year to meet demand from January 1, 2020. The production ...
Brent Breaks $70/bbl as Producers Suggest Extending Oil Output Cuts into 2020
Mar 23, 2018 ... of an extension to get the global market back into proper balance: Leonid Fedun, vice-president of Lukoil, said on Friday that OPEC and Russia should extend oil cuts into 2020 if U.S. oil output ...
LUKOIL-Bulgaria Bunker Adds Bunker Supply Operations to Romanian Ports
Feb 1, 2018 ... Bunker has begun carrying out bunker supply operations at Constanta, Constanta Eforie Sud, Midia, and Mangalia, PortNews IAA reports. The company will supply RMG-380 and MGO 0.1 ...
January In-Depth Oil Price Outlook: Oil Prices Have Limited Upside
Jan 25, 2018 ... Some estimates anticipate Russian production could grow up to 1 MMBD in 2019-20. Russia's Lukoil believes the OPEC deal should end in a `very smooth way' if Brent hold $70/B for 6 months. ...
Crude Posts 4th Week of Gain Amid Asian Signs of "Healthy" Price Correction
Jan 12, 2018 ... decreasing, but the market is not completely balanced yet." Vagit Alekperov, chief executive of Lukoil, said Russia should exit the deal if crude prices remain at $70 per barrel for more than six ...
OPEC Allies Adjust Their Opinion About When Market Rebalance Will Happen
Dec 1, 2017 ... course, not everyone is fearful for the future: Vagit Alekperov, chief executive of Lukoil, said global demand is rising fast (to the tune of 1.8 million barrels per day next year) ...
Mixed Messages Over OPEC Oil Extension Sends Crude Prices South
Nov 29, 2017 ... on board, Bloomberg notes that Igor Sechin, chief executive officer of state-run Rosneft PJSC, and Lukoil PJSC have questioned the wisdom of prolonging the deal when oil prices are already above $60 ...
Lack of Clear Plan For Oil Deal Extension Turns Talk of Consensus to Uncertainty
Nov 16, 2017 ... the the country's domestic oil producers, and they are committed to the deal. For the record, Lukoil said last month that the deal should end if oil prices reach $60 per barrel, while Rosneft ...