Oil Sector News

Smart Energy will continue to work at the Svistunkovske-Chervonolutske field

Licence for Svystunkivsko-Chervonolutske field is valid.

Brent price rises above $43 per barrel

WTI is trading at almost $41.

Kazakhstan exceeded its obligations to reduce production under the OPEC+ deal in June

Oil production amounted to 1.297 million bpd in June.

The court invalidated the special permission of Arkona to develop the Svistunkivsko-Chervonolutsk field – Ukrnafta

Kyiv District Administrative Court upheld the claims of Ukrnafta.

Azerbaijan proposes to increase the number of countries in OPEC+

The country will continue to fulfill its obligations under the OPEC+ deal.

Saudi oil exports fell below 6 million bpd in June

Back in May, this figure was at the level of 6.2 million bpd.

Oil prices continue to rise

Oil quotations stabilized because of US stock data.

British Petroleum sells its petrochemical business for $5 billion

The company will sell units producing 9.7 billion of petrochemical products per year.

Ukrtransnafta receives fifth oil tanker for Belarus

The ship delivered 85 thousand tons of Azeri Light oil.

Brent price drops after rising on Monday

August WTI futures fell by $0.21.

Belarus will receive next batch of Azerbaijani oil this week

The volume of this batch will be 85-90 thousand tons.

Kazakhstan has limited oil production in medium and large fields

Such measures will reduce the risk of emergency shutdowns of Kazakhstani fields.