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News
2018, August, 10, 10:30:00
SOUTHERN GAS CORRIDOR SANCTIONS
PLATTS - The Southern Gas Corridor has received a waiver from US sanctions against Iran's energy customers, an expected win for the project, designed to transport 16 Bcm/year of Caspian natural gas to Turkey and southern Europe while bypassing Russia.
News
2018, August, 10, 10:25:00
SWITZERLAND - IRAN SANCTIONS
REUTERS - “U.S. decisions on sanctions do not affect the legal situation in Switzerland with regard to Iran,” said Fabian Maienfisch of the State Secretariat for Economic Affairs (SECO).
News
2018, August, 10, 10:20:00
IRAQI OIL PRODUCTION: 4.46 MBD
PLATTS - Iraqi crude oil production hit its highest in 13 months in July of 4.46 million b/d, the country's State Oil Marketing Organization said Thursday.
News
2018, August, 10, 10:15:00
ADNOC - JAPAN RELATIONSHIP
OG.COM - “For more than four decades, the UAE and Japan have enjoyed a deep rooted and successful strategic relationship, underpinned by long standing energy partnerships,” Dr Al Jaber said. “ADNOC is keen to further strengthen the relationship, deepen partnerships and seize growth opportunities along the full oil and gas value chain.
News
2018, August, 10, 10:10:00
INDIA'S GROWTH 7.3%
IMF - The near-term macroeconomic outlook is broadly favorable. Growth is forecast to rise to 7.3 percent in FY2018/19 and 7.5 percent in FY2019/20, on strengthening investment and robust private consumption. Headline inflation is projected to rise to 5.2 percent in FY2018/19, as demand conditions tighten, along with the recent depreciation of the rupee and higher oil prices, housing rent allowances, and agricultural minimum support prices.
News
2018, August, 10, 10:05:00
CHINA - TURKEY NUCLEAR
REUTERS - Turkey will build a third nuclear power plant in the Thrace region northwest of Istanbul, and will cooperate with China on the initiative, Energy Minister Fatih Donmez said on Wednesday.
News
2018, August, 10, 10:00:00
CZECH NUCLEAR DEVELOPMENT
REUTERS - Czech Prime Minister Andrej Babis wants a decision by the end of 2018 on financing majority state-owned utility CEZ’s multi-billion dollar nuclear power expansion.
News
2018, August, 10, 09:55:00
DUMB SOLAR ENERGY
REUTERS - Pumping carbon dioxide into the air makes the planet greener; the United Nations puts out fake science about climate change to control the global energy market; and wind and solar energy are simply “dumb”.
News
2018, August, 10, 09:50:00
YAMAL LNG - 2 LAUNCHED
NOVATEK - PAO NOVATEK announced that Yamal LNG has launched the second LNG train and dispatched the first cargo from this unit. The second LNG train commissioned six months ahead of its original schedule, and combined with the first LNG train launch in December 2017, has achieved the commissioning of the first two LNG trains in record time.
News
2018, August, 8, 12:10:00
OIL PRICE: NOT ABOVE $75 YET
REUTERS - Front-month Brent crude oil futures LCOc1 were at $74.50 per barrel at 0651 GMT, down 15 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $69.15 per barrel, down 2 cents.
News
2018, August, 8, 12:05:00
U.S. SANCTIONS FOR THE WORLD
ARAB NEWS - US President Donald Trump warned the world against doing business with Iran on Tuesday as he hailed the “most biting sanctions ever imposed,” triggering a mix of anger, fear and defiance in Tehran.
News
2018, August, 8, 12:05:00
OIL PRICES 2018 - 19: $72 - $71
EIA - Brent crude oil spot prices averaged $74 per barrel (b) in July, largely unchanged from the average in June. EIA expects Brent spot prices will average $72/b in 2018 and $71/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.
News
2018, August, 8, 12:01:00
CHINA'S OIL IMPORTS UP
REUTERS - Crude shipments came in at 36.02 million tonnes last month, or 8.48 million barrels per day, up from 8.18 million bpd a year ago, and just up on June’s 8.36 million bpd, data from the General Administration of Customs showed.
News
2018, August, 8, 11:55:00
INDIA'S OIL IMPORTS UP
REUTERS - Indian refiners’ interest in U.S. crude will be welcome news to shale producers looking for buyers outside of China, which is likely to scale back imports as the trade dispute between the administration of President Donald Trump and Beijing escalates.
News
2018, August, 8, 11:50:00
NEW LNG PROJECTS
REUTERS - The LNG market will require over 200 million tonnes per year of new supply through to 2030, or roughly 25-30 mtpa per year in new capacity additions to 2025