立即注册,

不到 60 秒您即可继续访问:最新资讯提要分析主题和专题大宗商品视频、播客和博客样本市场价格和数据专题报道订阅用户通知和每日大宗商品电子邮件提醒

已有帐户?

登录以注册

忘记密码

请注意:Platts Market Center 订阅用户只能通过 Platts Market Center 重置密码

请在下面输入您的电子邮件 ID,我们将给您发送一封包含您密码的电子邮件。


  • 电子邮件地址* 请输入电子邮件地址。

如果您是高级订阅用户,出于安全原因,我们无法向您发送您的密码。请联系客服团队

如果您是 Platts Market Center 订阅用户,若要重置密码,请转到 Platts Market Center 重置您的密码。

在此列表中
石油

Russia's checkered history on oil supply deals with OPEC

天然气 | 石油

Platts 情景规划服务

Bunker Fuel | 石油 | 原油 | 液化石油气 (LPG) | 石油风险 | 成品油 | 燃料油 | 汽油 | 航油 | 石脑油

appec

石油 | 原油 | 船运

Platts调查:在配额放宽之前,7月欧佩克+石油减产执行率下降

Russia's checkered history on oil supply deals with OPEC

London — Speculation over a joint effort by OPEC and Russia to support oil prices by cutting output reached fever pitch this week after Moscow said it was ready to discuss a coordinated approach with the producer group.

尚未注册?

接收每日电子邮件提醒、订阅用户通知并获得个性化体验。

立即注册

The issue is likely to be discussed at a joint meeting next month, energy minister Alexander Novak has said. There has been no confirmation, however, from OPEC kingpin Saudi Arabia.

It is not the first time that Russia and OPEC have sought to join forces to support prices by curbing production or exports. But Russia's past collaboration with OPEC has been fraught with tensions over market share.

Pressured by OPEC to help support oil prices, Moscow has enacted some cuts but the reductions have been limited and brief.



The following are some highlights of the cooperation over oil supplies between OPEC and Russia:


[click image to view at full-size]

--March 1998: OPEC agrees to cut output by 2.6 million b/d to support prices after crude drops to $12/b from more than $22/b in January 1997. As part of an OPEC/non-OPEC output cut agreement, Russia agreed to reduce exports by 61,000 b/d, but this was largely symbolic given its export level of around 2.4 million b/d.

Eventually, Russia's crude production fell by 70,000 b/d, or 1% year on year, to 6.1 million b/d in 1998. At the same time, its exports rose by around 100,000 b/d, or 3.5% on year, to 2.4 million b/d.

--March 1999: As prices plummet to $10/b, OPEC agreed a new output cut of 2 million b/d, with non-OPEC Russia, Oman and Mexico also agreeing to contribute 300,000 b/d of the total. Russia agrees to cut oil production by 100,000 b/d. Despite the agreement, Russia's output rose by 50,000 b/d to 6.13 million b/d in 1999. Its crude exports to international markets, however, fell by 70,000 b/d to 2.33 million b/d in 1999 as Russia redirected some volumes to the FSU markets.

--September 2001: Terrorist attacks on America send global stock markets reeling and depress oil prices amid fears of a further global slowdown.

--November 2001: After pressure from Saudi Arabia, Russia offers to cut production by just 30,000 b/d. It later raises the offer to 50,000 b/d.

--December 2001: Following continued pressure by OPEC to help support prices, Russia agrees to cut exports by 150,000 b/d during Q1 2002. Despite the deal, Russian production was little changed over the quarter at 7.36 million b/d, according to US EIA figures.

--December 2008: When oil prices dropped to below $40/b in December 2008 from record highs of $147/b in July that year, Russia's contacts with OPEC intensified again. High-level Russian officials met with top OPEC officials to discuss the situation in the market.

In the second half of the year, OPEC agreed on the biggest-ever production cut of 4.2 million b/d, in a series of agreements, but was also seeking additional support from non-OPEC producers. Moscow said it could reduce output by around 300,000 b/d, although Moscow took no commitments.

--November 2014: As prices started to fall again from more than $115/b in mid-June to below $70/b in November, contacts between Russia and OPEC resumed. Russia took part in a number of meetings with OPEC and non-OPEC countries, but they did not result in any sort of agreement, with the participants repeatedly denying special actions to balance the market were considered.

--Nadia Rodova, nadia.rodova@platts.com
--Robert Perkins, robert.perkins@platts.com
--Edited by Jason Lindquist, jason.lindquist@platts.com