All publications by tag «OIL»
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2020, January, 31, 12:25:00
U.S. OIL PRODUCTION FORECAST: 14 MBD
In the AEO2020 Reference case, U.S. crude oil production reaches 14.0 million barrels per day (b/d) by 2022 and remains near this level through 2045 as tight oil development moves into less productive areas and well productivity declines.
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2020, January, 31, 11:40:00
CANADA'S OIL SPENDING WILL UP TO C$37 BLN
CAPP forecasts overall spending for 2020 to rise to C$37 billion from C$35.1 billion. Conventional oil and gas spending is expected to reach C$25.4 billion, up C$1 billion, while spending in the oil sands may climb to C$11.6 billion from C$10.7 billion, CAPP said.
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2020, January, 29, 13:30:00
OIL PRICE: NEAR $60
Brent rose 66 cents, or 1.1%, to $60.17 a barrel. U.S. WTI was up 62 cents, or 1.2%, at $54.10 a barrel.
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2020, January, 29, 12:40:00
BRAZIL'S OIL PRODUCTION 1 BLN BBL
In December 2019, oil production was 3.106 million b/d, exceeding the record recorded in the previous month by 0.52% and that of Dec. 2018 production by 15.44%. Natural gas production also surpassed the previous month's record, registering an increase of 0.87% and reaching an average of 137.8 million cu m/day. The number was up 21.19% year-over-year.
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2020, January, 27, 15:00:00
OIL PRICE:NEAR $59
Brent fell by $1.79 a barrel, or 2.95%, to $58.90, WTI was down by $1.63, or 3%, at $52.55.
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2020, January, 27, 14:50:00
U.S. TIGHT OIL PRODUCTION UP
U.S. oil production from tight formations increased in 2019, accounting for 64% of total U.S. crude oil production.
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2020, January, 27, 14:10:00
U.S. RIGS DOWN 2 TO 794
U.S. Rig Count is down 2 rigs from last week to 794, Canada Rig Count is unchanged from last week at 244
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2020, January, 24, 13:45:00
OIL PRICE:NEAR $62
Brent were up 31 cents, or 0.5%, at $62.35 a barrel, WTI were up 27 cents, or 0.5% higher at $55.86 a barrel.
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2020, January, 24, 13:40:00
GLOBAL OIL DEMAND 2020: 100.98 MBD
For 2020, oil demand growth is revised up by 0.14 mb/d from the previous month’s assessment and is forecast at 1.22 mb/d, mainly reflecting an improved economic outlook for 2020. As a result, total world oil demand is projected to rise from 99.77 mb/d in 2019 to 100.98 mb/d in 2020.
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2020, January, 24, 13:35:00
U.S. OIL EXPORTS 9 MBD
U.S. petroleum exports hit a new all-time high of 9.0 million barrels per day (mb/d) in the final month of 2019