Oil Sector News

A new oil field was discovered in the Barents Sea

The Norwegian company Equinor found the field together with partners.

OPEC countries "overdone" under the agreement on the reduction of oil production

OPEC members overfulfilled the agreement.

Uzbekistan opens a new oil and gas field

Exploratory well drilling has begun in June.

Oil transit through Ukraine decreased by almost 17% in July

But the volume of oil transmission to Ukrainian refineries has increased.

A tanker with crude products for Karpatnaftochim arrived at the port of Chernomorsk

Earlier, the plant received raw materials through the Odessa Sea Port.

Qatar paid $550 million for a stake in an American private oil company

Qatar inked a $550 million deal to buy a stake and expand a Midland pipeline company focused on moving crude oil in the Permain Basin of West Texas and southeastern New Mexico.

Oil Sector Analytics

The dynamics of oil prices. US-China Trade Relations

Compared to July 31, oil prices fell down on 13%.

Energy consumption in Ukraine

Fuel oil consumption reduced by 72.6% in the 1st half of 2019 compared to previous year.

Energy resources imports into Ukraine

10.578.7 thousand tons of coal were imported into Ukraine in January-June 2019 and amounted to $1.476 million.

Oil transportation by Ukrainian pipelines in the first half of 2019

In June 2019 Ukrainian pipelines transmitted 1094 thousand tons of oil.