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2018, July, 25, 10:00:00
IRAN'S DEVELOPMENT BY GAZPROM
SHANA - A non-disclosure agreement was signed last year between Iran's OIEC and Russia's Gazprom Neft for the development of the Azar and Changuleh oil fields. The agreement was endorsed by the National Iranian Oil Company (NIOC).
2018, July, 25, 09:55:00
EUROPE WITHOUT U.S.
REUTERS - Two thirds said they supported the construction of the Nord Stream 2 Baltic Sea pipeline because it would help provide Germany with a more reliable supply of natural gas.
2018, July, 25, 09:50:00
TURKEY OPPOSES IRAN SANCTIONS
REUTERS - Turkey has told American officials it opposes U.S. sanctions on Iran and is not obliged to implement them, Foreign Minister Mevlut Cavusoglu said on Tuesday.
2018, July, 25, 09:45:00
THE DIFFICULT IRANIAN SANCTIONS
OGJ - “Russia already has improved its relations with Iran. Given its foreign policy stance toward the US, this could grow if it believes it would undermine the US position. Russia is taking a long-term view. It sees several obstacles, which it is determined to overcome.”
2018, July, 25, 09:40:00
IRANIAN OIL FOR INDIA: №2
REUTERS - India, Iran’s top oil client after China, shipped in 5.67 million tonnes, or about 457,000 barrels per day (bpd), of oil, from the country in the first three months of this fiscal year, Dharmendra Pradhan told lawmakers in a written reply.
2018, July, 25, 09:35:00
U.S. OIL PRODUCTION: 10.7 MBD
API - API released its monthly statistical report for June of 2018 highlighting that U.S. production of crude oil and natural gas liquids hit is highest level ever. In June, production of crude oil hit 10.7 million barrels per day (mb/d) and production of natural gas liquids hit 4.2 mb/d.
2018, July, 25, 09:30:00
U.S. - CHINA LNG DOWN
REUTERS - China, which purchased 14 percent of all U.S. LNG shipped between February 2016-April 2018, has taken delivery from just one vessel that left the United States in May and none in June compared with 14 during the first four months of the year.
2018, July, 25, 09:25:00
JAPAN'S LNG DOWN
REUTERS - Japan, the world’s biggest importer of LNG, brought in 5.55 million tonnes of the fuel in June, down more than 10 percent from a year earlier, official data showed on Wednesday. That was the lowest monthly import number since May 2016.
2018, July, 25, 09:20:00
SAUDI ARABIA'S PROGRESS
IMF - Real GDP growth is expected to increase to 1.9 percent in 2018, with non-oil growth strengthening to 2.3 percent. Growth is expected to pick-up further over the medium-term as the reforms take hold and oil output increases. Risks are balanced in the near-term. The employment of Saudi nationals has increased, especially for women, but the unemployment rate among Saudi nationals rose to 12.8 percent in 2017.
2018, July, 25, 09:15:00
VENEZUELA'S ECONOMIC COLLAPSE
IMF - On Venezuela, it is difficult to discuss because it is in a state of economic collapse. We have not engaged with them in over a decade on their economic policies.