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February 2017

February 2017
2017, February, 14, 19:30:00
CHINA OIL IMPORTS DOWN
The country imported 34.03 million mt of crude in January, down 6.5% from the record high of 36.38 million mt in December despite surging 27.5% on the year.
February 2017
2017, February, 14, 19:00:00
U.S. OIL GAS PRODUCTION UP AGAIN
U.S. oil production will up 80 tbd, gas production will up 524 mcfd.
February 2017
2017, February, 11, 19:01:00
EUROPEAN RENEWABLE ENERGY
European utilities will not reduce their investments in renewables if U.S. President Donald Trump lowers U.S. climate goals, encouraged by Chinese and EU political commitments to low carbon energy.
February 2017
2017, February, 11, 19:00:00
U.S. RIGS UP 12
U.S. Rig Count is up 200 rigs from last year's count of 541, with oil rigs up 152, gas rigs up 47, and miscellaneous rigs up 1. Canadian Rig Count is up 130 rigs from last year's count of 222, with oil rigs up 89 and gas rigs up 41.
February 2017
2017, February, 10, 18:55:00
GLOBAL OIL PRODUCTION DOWN
Oil supplies fell by around 1.5 million barrels per day last month, including by 1 million bpd for OPEC, leading to record initial compliance of 90 percent with a six-month output-cut deal reached in December by big producers to boost prices.
February 2017
2017, February, 10, 18:50:00
RUSSIAN CHOICE
Now the human drama watch begins; will Putin cave in to the demands of the West to renounce his allies in exchange for the improved relation and the dropping of sanctions?
February 2017
2017, February, 10, 18:45:00
IRANIAN OIL UP
Iran's crude oil and condensate exports rose 3% month on month in January as it continued to regain market share, widening its appeal among refiners around the globe in the process.
February 2017
2017, February, 10, 18:40:00
JAPAN'S LNG UP
The average price of spot LNG imports to Japan contracted in January 2017 was $8.40/mn Btu, up from $8/mn Btu in December 2016, the ministry of economy, trade and industry (Meti) said February 9, their highest level for two years. But Japan's IEEJ says that prices have now peaked.
February 2017
2017, February, 10, 18:35:00
SOUTH KOREA'S LNG DOWN
But Lee said that South Korean demand for LNG would keep falling in the short-term due to increased electricity output from nuclear and coal-fired power plants. The country is the world's second-biggest LNG importer after Japan.
February 2017
2017, February, 10, 18:30:00
INDONESIA NEEDS $80 BLN INVESTMENTS
Indonesia needs to invest $70 billion to $80 billion in gas infrastructure through 2030 to avoid a potential gas shortage, as domestic consumption growth outpaces supply, state-owned energy business Pertamina said Tuesday.