All publications by tag «OIL»
2018, June, 8, 13:20:00
OPEC: WORLD OIL DEMAND UP, PRODUCTION DOWN
OPEC - World oil demand averaged 97.20 mb/d in 2017, up by 1.7 per cent y-o-y, with the largest increases taking place in Asia and Pacific region (particularly China and India), Europe and North America. The 2017 oil demand in Africa and the Middle East grew by around 100,000 b/d, as compared to 2016, while oil demand declined in Latin America for the third year in a row.
2018, June, 8, 13:15:00
OIL DEMAND UP TO 2030
PLATTS - Global oil demand will peak around 2030 at 111 million b/d as a sharp rise in electric vehicles and energy efficiency gains offset growing demand from the aviation and petrochemical sectors, Norwegian producer Equinor said
2018, June, 8, 13:00:00
CHINA OIL IMPORTS DOWN
REUTERS - May shipments were 39.05 million tonnes, or 9.2 million barrels per day (bpd), according to data released on Friday by the General Administration of Customs. That compared to 9.6 million bpd in April and 8.76 million bpd in May, 2017.
2018, June, 6, 12:25:00
OIL PRICE: NEARLY $76
REUTERS - Brent crude LCOc1 rose 78 cents to $76.16 a barrel by 0645 GMT after dropping to its lowest since May 8 on Tuesday. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 33 cents at $65.85 a barrel, having touched a near two-month low on Tuesday.
2018, June, 6, 12:20:00
OPEC - RUSSIA OPINION
REUTERS - “We have to look into the situation which has panned out on the market today, from the point of view of the volume cuts, inventories decline, shortages on the market, and to adjust the figures,” Novak told reporters.
2018, June, 6, 12:10:00
RUSSIA'S OIL RESILIENCE
FT - “In my opinion, the stability of Russian production was underestimated by the market,” said Igor Sechin, chief executive of Rosneft, the country’s top oil producer. “In general, the Russian oil sector investments in rouble equivalent under the crisis conditions were increasing, and so did the production.”
2018, June, 6, 11:30:00
KOCH IS STEPPING
BLOOMBERG - Billionaire David Koch is stepping down from leadership positions in his family’s business and conservative political empire because of deteriorating health, his older brother told company employees in a letter Tuesday.
2018, June, 4, 13:55:00
OIL PRICE: ABOVE $76 ANEW
REUTERS - U.S. West Texas Intermediate (WTI) crude futures fell 10 cents, or 0.2 percent, $65.71 a barrel by 2353 GMT. Last week, WTI lost around 3 percent, adding to a near 5 percent decline a week before. The global benchmark Brent fell 26 cents, or 0.34 percent, to $76.53 a barrel.
2018, June, 4, 13:40:00
OIL NEED INVESTMENT
BLOOMBERG - Energy ministers from Saudi Arabia, the United Arab Emirates, Kuwait, Algeria and Oman held an unofficial consultative meeting on Saturday in Kuwait City, the Kuwait News Agency reported, citing a statement from the joint ministerial monitoring committee of OPEC and non-OPEC countries. They discussed market conditions and the producers’ compliance with the global output cuts, it said.
2018, June, 4, 13:35:00
IRAN'S OIL EXPORTS 2.7 MBD
SHANA - The country exported 2.4 mbd of crude oil and 300,000 b/d of gas condensate, ultra light crude oil, during May.