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August 2017

August 2017
2017, August, 24, 14:25:00
GAS PRICES: ABOVE $2.9
NYMEX September gas futures climbed 6.9 cents to $2.962/MMBtu as Monday's eclipse was projected to boost natural gas demand.
August 2017
2017, August, 24, 14:20:00
OIL MARKET IS RIGHT
As of July 2017, the OPEC and participating non-OPEC producing countries achieved an impressive conformity level of 94 per cent. This is a demonstration of the commitment of participating producing countries to continue their cooperation towards the rebalancing of the market. The JMMC expressed great satisfaction with the results and steady progress made towards full conformity of the production adjustments, and encouraged all participating countries to achieve full conformity, for the benefit of producers and consumers alike. The JMMC also welcomed the participation of the UAE at the recent JTC meeting, where the UAE reiterated its commitment to adhere to its production adjustments for the remaining period of the Declaration of Cooperation.
August 2017
2017, August, 24, 14:15:00
СОТРУДНИЧЕСТВО РОССИИ И ТУРЦИИ
«Мы видим наших турецких коллег в качестве надежных и долгосрочных партнеров. История экспорта российского газа в Турцию начинается с 1987 года. Помимо поставок газа с 1998 года компания ЛУКОЙЛ представлена в Турции сетью АЗС численностью порядка 600 единиц, также в республике работают компании «Роснефть» и «Татнефть». Россия является не только крупнейшим поставщиком газа в Турцию, но также обеспечивает примерно 19% потребностей Турции в нефти», - сообщил Александр Новак.
August 2017
2017, August, 24, 14:10:00
ROSNEFT BOUGHT ESSAR
Rosneft Successfully Closes Strategic Deal for the Acquisition of 49% of Essar Oil Limited
August 2017
2017, August, 24, 14:05:00
U.S. OIL INVENTORIES DOWN 3.3 MBD
US commercial crude oil inventories declined 3.3 million bbl during the week ended Aug. 18 compared with the previous week’s total, continuing a months-long downward trend.
August 2017
2017, August, 24, 14:00:00
SHELL STARTS IN NIGERIA
The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie Phase 2, a key project in Nigeria’s Niger Delta region.
August 2017
2017, August, 24, 13:55:00
U.S. INDUSTRIAL PRODUCTION UP 0.2%
U.S. - Industrial production rose 0.2 percent in July following an increase of 0.4 percent in June. The index for mining rose 0.5 percent in July for its fourth consecutive monthly increase. Within mining, gains in oil and gas extraction and in metal ore mining were partially offset by declines in nonmetallic mineral mining and in drilling and support activities. The decrease of 0.5 percent in drilling and support services followed 10 consecutive months of increases for that index.
August 2017
2017, August, 24, 13:50:00
IMPORTANT OIL STRAITS
The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016, are important chokepoints for Europe’s crude oil and petroleum liquids supply. Nearly 59 million b/d of global petroleum and other liquids production moved on maritime routes in 2015. Although most discussions of maritime chokepoints for oil trade focus on the Strait of Hormuz and the Strait of Malacca, which together were transited by a combined volume of more than 30 million b/d, other chokepoints are significant for specific regions.
August 2017
2017, August, 24, 13:45:00
NORWAY'S PETROLEUM PRODUCTION UP TO 93 TBD
Preliminary production figures for July 2017 show an average daily production of 2 000 000 barrels of oil, NGL and condensate, which is an increase of 93 000 barrels per day compared to June.
August 2017
2017, August, 24, 13:40:00
TOTAL - MAERSK DEAL: $7.45 BLN
French oil company Total agreed Monday to buy Danish conglomerate AP Moller-Maersk's oil business for $7.45 billion, in a deal that will strengthen its position in the North Sea.