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2016, November, 7, 18:55:00
OPEC CAN'T CUT
OPEC, which pumps about 40 percent of the world’s oil, meets on Nov. 30 in Vienna to try to implement its first cuts in eight years after agreeing to trim output in Algiers at the end of September. Two years ago Saudi Arabia faced an impasse, Al-Naimi said, commenting on OPEC’s decision to pump without limits.
2016, November, 7, 18:50:00
U.S. DEFICIT $36.4 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $36.4 billion in September, down $4.0 billion from $40.5 billion in August, revised. September exports were $189.2 billion, $1.0 billion more than August exports. September imports were $225.6 billion, $3.0 billion less than August imports.
2016, November, 7, 18:45:00
CHINA'S SHALE GAS UP
Sinopec Ltd. reported that Fuling shale gas field in southwestern China produced a cumulative 3.76 billion cu m of gas from January to September. The 107% increase in production was accompanied by additional processing capacity of 5.5-6.5 bcm, the company said. In 2014, Sinopec announced plans to bring production capacity to 10 bcm/year by 2017.
2016, November, 7, 18:40:00
MEXICO'S POTENTIAL: $415 BLN
After a decade of volatile GDP growth and steadily increasing gas and power demand, Mexico continues to progress toward an unbundling of the monopolies Pemex and CFE once held over its gas and power sectors. According to a recent study by Wood Mackenzie, these reforms have created the potential for approximately US$415 billion in investment over the next two decades as the country builds pipelines, develops a renewables market to meet clean energy targets, and sets the stage for M&A.
2016, November, 7, 18:35:00
WORLDWIDE RIG COUNT DOWN 466
The worldwide rig count for October 2016 was 1,620, up 36 from the 1,584 counted in September 2016, and down 466 from the 2,086 counted in October 2015.
2016, November, 7, 18:30:00
U.S. RIGS UP 12
U.S. Rig Count is down 202 rigs from last year's count of 771, with oil rigs down 122, gas rigs down 82, and miscellaneous rigs up 2.
Canadian Rig Count is down 31 rigs from last year's count of 185, with oil rigs down 3, gas rigs down 29, and miscellaneous rigs up 1.
2016, November, 2, 18:50:00
ЦЕНА НЕФТИ: СНОВА ВЫШЕ $47
Нефть марки WTI потеряла в цене 40 центов, или 0,9 процента, до $46,27 за баррель к 8.30 МСК. Во вторник нефть упала на 19 центов до $46,67. Нефть Brent упала в цене на 32 цента до $47,82, находясь вблизи месячного минимума в $47,72, установленного в предыдущей сессии.
2016, November, 2, 18:45:00
SHELL & BP PRICES: $50
The UK-listed oil majors both said they were planning for prices per barrel in the low $50s in 2017 — only a little above current levels — in a sign of the industry adapting to “lower-for-longer” market conditions.
2016, November, 2, 18:40:00
U.S. OIL WILL DOWN 800 TBD
Output in the U.S. will fall 800,000 barrels a day this year, Adam Sieminski, administrator for the EIA, said in an interview in Riyadh. That would be the first drop since 2008, data compiled by Bloomberg show. OPEC’s attempts to carry out an agreement on limiting production are still “very much up in the air,” he said.
2016, November, 2, 18:35:00
QATAR & EXXON PROJECT
Qatar Petroleum (QP) announced on Monday a joint venture with ExxonMobil called Ocean LNG, tasked with marketing LNG sourced outside the GCC country.