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OPEC Says Glut Will Clear Next Year, But IEA Seemingly Contradicts Itself With Contrary Opinion
Oct 13, 2017 ... The agency worries that rising U.S. shale will put an end to declining stockpiles. ...
Lukoil CEO Says Oil Cutbacks Should End if Oil Hits $60, But Most See Lower Prices in 2018
Oct 12, 2017 ... crude hits $60 per barrel. That was the message from Vagit Alekperov, chief executive officer at Lukoil, Russia's second largest oil company; he told Bloomberg television, "If the market situation ...
Early Signs of Oil Glut Reduction Challenged by Decade-Long Russian Oil Output Growth
Sep 21, 2017 ... being taken to increase production. Case in point: Russia, whose second largest producer, Lukoil, expects its output to rise over the next 8-10 years by bringing new fields online, ...
Lukoil-Bulgaria Bunker Adds New Bunkering Tanker Presence at Bulgarian Ports
Aug 21, 2017 ... Bunker says is set to supply bunkers at the Bulgarian ports of Varna and Bourgas using the newly arrived bunkering tanker Aginskoye, PortNews IAA reports. The 3,000 tonne capacity ...
LUKOIL "Ready" for Tightening Sulfur Regs with New Marine Cylinder Oil
May 25, 2017 ... Claussen, Technical and Marketing Director at LUKOIL Marine Lubricants Ltd. (Lukoil) today said the company is "ready" for tightening sulfur regs, no matter which compliance solution ...
Marine Lubricant Market Expected to Grow to $3.336 Billion by 2024: Report
May 9, 2017 ... lubricants market are noted to include Royal Dutch Shell plc, ExxonMobil Corporation, BP p.l.c., LUKOIL Marine Lubricants DMCC, Chevron Corporation, and Total Lubmarine. "The increasing demand ...
Traders Bet on OPEC Cutback Extension, But U.S. Syrian Bombings Cast Serious Doubt on Cartel Continuing to Curb Output
Apr 10, 2017 ... to ramp up production immediately following the expiry of the OPEC deal in May: Rosneft, private Lukoil, private producer Surgut, state-owned GazpromNeft, and Tatneft will collectively raise ...
Non-OPEC Cutback Participant Russia Sees Oil at $40/bbl Heading into 2018
Mar 27, 2017 ... skepticism and lining up" behind the extension proposal. Vagit Alekperov, chief executive of Lukoil, said last week it was "expedient" to continue cuts - an about face from last year when he ...
Russia Reduces Output Within OPEC Guidelines But Sends Mixed Signals About Agreeing to OPEC Cut Extension
Mar 22, 2017 ... Gazprom Neft (which increased oil production by 43 percent to 163,400 tonnes). By comparison, Lukoil lowered production by 0.9 percent to 226,100 tonnes; Surgutneftegaz cut by 3 percent to ...
Bunker Fuel Oil Sales in Russia Drop by 26% in 2016
Mar 15, 2017 ... 70% of sales were made by subsidiaries of major oil companies like Gazpromneft Marine Bunker, Lukoil-Bunker, RN-Bunker and NNK-Bunker. The share of independent players is not so significant and ...