Oil
2023, June, 30, 06:45:00
ASIA'S OIL DEMAND WILL UP
Asian demand has also led to Saudi Aramco's optimism about the global oil market's prospects for the rest of the year, its CEO Amin H. Nasser said at the conference, adding that oil market fundamentals remain "generally sound".
2023, June, 30, 06:25:00
NORWAY OIL GAS PROJECTS $18 BLN
“Norway is the only net exporter of oil and gas in Europe, and by implementing these projects we ensure new production from the latter half of the 2020s, so that we can maintain high Norwegian deliveries,”
2023, June, 30, 06:20:00
ENI ACQUIRE NEPTUN FOR $4.9 BLN
Under the terms of the deal announced on Friday, Eni will acquire Neptune for $2.6bn, while Vår Energi — Eni’s Norwegian listed subsidiary — will acquire the company’s operations in Norway for $2.3bn.
2023, June, 23, 07:00:00
OIL PRICE: BRENT ABOVE $73, WTI NEAR $69
Brent slipped 51 cents, or 0.4%, to $73.76 a barrel, WTI were down 42 cents, or 0.6%, at $69.09.
2023, June, 23, 06:15:00
ROMANIA'S GAS INVESTMENT $4.4 BLN
The two players intend to invest up to 4 billion euros or almost $4.4 billion for the development phase of the project to be spent mostly during 2024-2026, which will enable about 100 bcm of natural gas to be brought on stream, turning Romania into – what OMV Petrom deems to be – the largest gas producer in the EU and a net natural gas exporter.
2023, June, 23, 06:10:00
NORWAY OIL, GAS PRODUCTION 1.991 MBD
Preliminary production figures for May 2023 show an average daily production of 1 991 000 barrels of oil, NGL and condensate.
2023, June, 23, 05:55:00
U.S. OIL INVENTORIES DOWN BY 3.8 MB TO 463.3 MB
U.S. commercial crude oil inventories decreased by 3.8 million barrels to 463.3 million barrels.
2023, June, 16, 07:00:00
OIL PRICE: BRENT ABOVE $75, WTI ABOVE $70
Brent dipped 17 cents, or 0.2%, to $75.50 a barrel, WTI dropped 16 cents, also 0.2%, to $70.46 a barrel.
2023, June, 16, 06:40:00
TEXAS ENERGY AMBIGUITY
Believe it or not, the concept of reserve power is a foreign one in Texas. The bill passed with a caveat: any increase in costs could not exceed $1 billion annually.
2023, June, 16, 06:35:00
TEXAS ENERGY CREAK
The city council in Austin, Texas is on the verge of signing on to the Fossil Fuel Non-Proliferation Treaty (FFNPT), a global campaign calling on countries to phase out fossil fuel production and help communities make the transition to a renewable energy economy.
2023, June, 16, 06:25:00
U.S. OIL INVENTORIES UP BY 7.9 MB TO 467.1 MB
U.S. commercial crude oil inventories increased by 7.9 million barrels to 467.1 million barrels.
2023, June, 9, 07:00:00
OIL PRICE: BRENT ABOVE $75, WTI NEAR $71
Brent dropped 35 cents, or 0.5%, to $75.61 a barrel, WTI eased 35 cents, or 0.5%, to $70.94.
2023, June, 9, 06:50:00
OPEC+ RUSSIA: 40.46 MBD
Adjust the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC to 40.46 mb/d, starting 1 January 2024 until 31 December 2024, which is to be distributed as per the attached table.
2023, June, 9, 06:40:00
OIL PRICES 2023-24: $79 - $84
The Brent crude oil spot price will average $79 per barrel (b) in the second half of 2023 (2H23) and $84/b in 2024.
2023, June, 9, 06:35:00
SAUDI ARABIA OIL PRODUCTION DOWN 1 MBD
The kingdom’s energy minister Prince Abdulaziz bin Salman, Opec’s de facto leader, made the move as part of a deal in which several weaker African members will have quotas reduced from next year.