GAZPROM READY TO WITHDRAW
Russian oil company Gazprom Neft is continuing operations in Iraqi Kurdistan, but it is ready to evacuate employees, a representative told ITAR-TASS on Monday.
"The company has a plan involving personnel evacuation in case the situation deteriorates, but this is not happening now. The company is following closely how the events are unfolding in the region," the official said.
Islamic State guerillas who represent Iraqi religious minority Yazidis have continued moving towards the capital of Kurdistan Arbil by Monday with Bagdad unable to stop them even after a US intervention.
Gazprom Neft has exploration and development licenses for three deposits in the region, where it began drilling in early August 2014.
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IEA - For the third consecutive year, global energy investment declined, to USD 1.8 trillion (United States dollars) in 2017 – a fall of 2% in real terms. The power generation sector accounted for most of this decline, due to fewer additions of coal, hydro and nuclear power capacity, which more than offset increased investment in solar photovoltaics.
EIA - Crude oil production from the major US onshore regions is forecast to increase 143,000 b/d month-over-month in July from 7,327 to 7,470 thousand barrels/day , gas production to increase 1,066 million cubic feet/day from 69,466 to 70,532 million cubic feet/day .
U.S. FRB - Industrial production rose 0.6 percent in June after declining 0.5 percent in May. For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase. Manufacturing output moved up 0.8 percent in June.
U.S. DT - The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $69.9 billion. Of this, net foreign private inflows were $58.8 billion, and net foreign official inflows were $11.1 billion.