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2019, March, 18, 13:10:00BRENT OIL: UNDERVALUED
In the context of supply and demand balance,the current price of BRENT oil is undervalued.Neither OPEC nor the IEA has considerably brought down their forecasts for global oil demand in the current year.
2019, March, 18, 13:00:00U.S., RUSSIA SANCTIONS FOREVER
U.S. DT - the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six Russian individuals and eight entities in response to Russia’s continued and ongoing aggression in Ukraine.
2019, March, 18, 12:55:00SHAKY INDIA'S LNG
India’s demand for liquefied natural gas (LNG) is set to rise by about 10 percent this year even as the country adds import capacity at a faster clip, because infrastructure constraints keep gas from getting to consumers and hinder growth rates.
2019, March, 18, 12:50:00RUSSIAN GAS FOR FRANCE
In 2018, Gazprom increased gas exports to France by 5.4 per cent as compared to 2017 – up to 12.9 billion cubic meters. This upward trend has remained throughout early 2019: according to provisional estimates, Gazprom exported 2.5 billion cubic meters of gas from January 1 to March 14, 2019, showing a 1.9 per cent increase compared to the same period of 2018.
2019, March, 18, 12:45:00UAE RENEWABLE ENERGY
Abu Dhabi is one of the most important examples of a city that is creatively seeking to strengthen its renewable energy sector.
2019, March, 18, 12:40:00NORWAY'S PRODUCTION 1.7 MBD
NPD - Preliminary production figures for February 2019 show an average daily production of 1 745 000 barrels of oil, NGL and condensate, which is a decrease of 75 000 barrels per day compared to January.
2019, March, 18, 12:35:00U.S. GDP UP 3.1%
U.S. DT - During 2018, real GDP increased by 3.1 percent measured from the fourth quarter of 2017 to the fourth quarter of 2018.
2019, March, 18, 12:30:00U.S. INDUSTRIAL PRODUCTION UP 0.1%
U.S. FRB - Industrial production edged up 0.1 percent in February after decreasing 0.4 percent in January.
2019, March, 18, 12:25:00POLAND NEED $
OGJ - Stephen Blank, senior fellow for Russia at the American Foreign Policy Council, said, “Nord Stream 2 clearly is a threat to Europe, which is why the Trump administration opposes it. We have now threatened that if Nord Stream 2 is built, the US will impose sanctions not just on the project, but also on the contractors.”
2019, March, 18, 12:20:00U.S. RIGS DOWN 1 TO 1,026
BHGE -U.S. Rig Count is down 1 rig from last week to 1,026 rigs, with oil rigs down 1 to 833 and gas rigs unchanged at 193. Canada Rig Count is down 28 rigs from last week to 161, with oil rigs down 20 to 98 and gas rigs down 8 to 63.