Oil
2020, September, 15, 16:25:00
U.S. FOSSIL FUELS 80%
In 2019, 80% of U.S. domestic energy production was from fossil fuels, and 80% of domestic energy consumption originated from fossil fuels.
2020, September, 15, 16:20:00
CHINA'S OIL THROUGHPUT 14.06 MBD
China's crude oil throughput hit an all-time high of 14.14 million b/d in June before edging down 0.4% to 14.08 million b/d in July.
2020, September, 15, 16:00:00
ADNOC SHARES $1 BLN
ADNOC launched this placement due to significant investor demand for ADNOC Distribution stock and has delivered the largest block placement of a publicly listed GCC company to date.
2020, September, 15, 12:45:00
SHELL CUTS THE COSTS
Shell’s new cost-cutting review, known internally as Project Reshape and expected to be completed this year, will affect its three main divisions and any savings will come on top of a $4 billion target set in the wake of the COVID-19 crisis.
2020, September, 14, 10:30:00
OIL PRICE: NEAR $40
Brent gained 9 cents, or 0.2%, to $39.92 a barrel, WTI were up 18 cents, or 0.5%, at $37.51 a barrel
2020, September, 14, 10:15:00
GAZPROM INVESTMENT RUB922,5 BLN
As per the revised investment program for 2020, the overall amount of investments will stand at RUB 922.489 billion, which is RUB 182.235 billion less than was envisaged in the investment program approved in December 2019.
2020, September, 14, 09:55:00
MICROGRID CLUSTERS FOR AFRICA'S ELECTRICITY
About 600 million people in sub-Saharan Africa have no access to any form of electricity.
2020, September, 14, 09:45:00
U.S. RIGS DOWN 2 TO 254
U.S. Rig Count is down 2 from last week to 254, Canada Rig Count is unchanged from last week at 52
2020, September, 11, 12:25:00
OIL PRICE: NOT BELOW $39
Brent was down 18 cents, or 0.5%, at $39.88 a barrel, WTI dropped 14 cents, or 0.4%, to $37.16 a barrel,
2020, September, 11, 12:20:00
OPEC+ PRODUCTION CUT
The OPEC+ agreement called for a decrease in crude oil output by a combined 9.7 million b/d in May and June, a combined decrease of 9.6 million b/d in July 2020, and a combined decrease of 7.7 million b/d in August
2020, September, 11, 12:15:00
IRAQ OIL PRODUCTION DOWN
Iraq's habitual non-compliance with its production quota has been a sore point within the OPEC+ alliance, with Saudi Arabia, Russia and others pressuring Iraq to improve its performance.
2020, September, 10, 15:00:00
OIL PRICE: NOT BELOW $40 ANEW
Brent fell 53 cents to $40.26 a barrel, WTI dipped 61 cents to $37.44 a barrel
2020, September, 10, 14:55:00
GLOBAL PETROLEUM CONSUMPTION WILL UP BY 6.5 MBD
EIA forecasts that consumption of petroleum and liquid fuels globally will average 93.1 million b/d for all of 2020, down 8.3 million b/d from 2019, before increasing by 6.5 million b/d in 2021.
2020, September, 10, 14:20:00
IRAQ'S OIL REFINERY $4 BLN
Iraq imports gasoline and diesel to meet its needs and many of its refineries are either old, dilapidated or were damaged during the 2013-2017 war against the Islamic State.
2020, September, 9, 11:15:00
OIL PRICE: NOT BELOW $40
Brent was down 19 cents, or 0.5%, at $39.59 a barrel, WTI was down 24 cents, or 0.7%, at $36.52 a barrel,
