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January 22, 2018

Russia and China should boost their energy cooperation, including increasing their oil trade, which could lead to the establishment of new benchmarks and raise the two countries' clout in the market Oil & Gas 360

Russia On Board with OPEC that Global Oil Alliance Could Continue Past 2018

January 22, 2018

Oil market still isn’t fully re-balanced, Russia’s Novak says It’s unclear whether inventories will drop at same pace: Falih From Bloomberg OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signaled their readiness to cooperate beyond that. Russia is prepared to continue cooperating with OPEC and its

Mexico Faces Test in Upcoming Deepwater Oil Auction

January 22, 2018

Mexico’s July presidential election, uncertain fate of NAFTA and competition for capital from U.S., Brazil, Argentina and Guyana offshore projects cast a shadows on future of Mexico’s energy reform From Reuters MEXICO CITY (Reuters) – An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto’s government to

Sabine Pass Suffers Outage; Feed Gas Plunged Sharply: Sources

January 22, 2018

From Reuters Production at Cheniere Energy’s Sabine Pass liquefied natural gas (LNG) export plant in Louisiana is running well below capacity, resulting in disruption to cargo loadings, trade sources said. Feed gas supply into the liquefaction plant plunged sharply during the weekend, data on the Thomson Reuters Eikon terminal showed. Flows fell to 630 million cubic feet/day on Jan. 19

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

Oil Climbs on Saudi Oil Minister’s Wish to Continue Cooperating

January 22, 2018

From the Financial Times Falih wants to “institutionalize” OPEC and non-OPEC cooperation framework Oil found support on Monday after global crude producers reaffirmed their commitment to supply curbs for all of 2018, with Opec kingpin Saudi Arabia saying “cooperation” should continue beyond this year. Brent crude, the international oil benchmark, rose 16 cents to $68.77 a barrel. West Texas Intermediate, the

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