All publications by tag «OIL»
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2018, October, 17, 10:20:00
INDIA'S PIVOTAL IMPORTANCE
OPEC - We forecast that primary energy demand, globally, is expected to increase by 33%, or 91 mboe/d, between 2015 and 2040. A massive 24% of this anticipated increase will be from India, or 22 mboe/d.
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2018, October, 17, 10:15:00
INDIA NEEDS OIL
PLATTS - India will be looking to ship in more crude oil from Saudi Arabia and the United Arab Emirates to fill part of the vacuum created by reduced appetite for supplies from Iran, which is facing US sanctions, according to delegates and policy makers attending the India Energy Forum by CERAWeek.
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2018, October, 17, 09:40:00
U.S. PRODUCTION: OIL + 98 TBD, GAS + 957 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 98,000 b/d month-over-month in November from 7,616 to 7,714 thousand barrels/day , gas production to increase 957 million cubic feet/day from 73,104 to 74,061 million cubic feet/day .
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2018, October, 15, 12:30:00
OIL PRICE: NEAR $81 ANEW
REUTERS - Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before slipping to $80.83, up 40 cents, by 0745 GMT. U.S. crude was last up 20 cents at $71.54.
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2018, October, 15, 12:10:00
IRAN SANCTIONS DOWN
PLATTS - Iran played down the impact of looming US sanctions on its economy with a senior official saying on Sunday that the current high oil prices should make up for any fall in oil sales, according to state-owned news agency IRNA.
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2018, October, 15, 12:05:00
IRAN - S.KOREA OIL DOWN ANEW
PLATTS - South Korea imported no Iranian crude in September -- for the first time since September 2012 -- ahead of the looming reimposition of US sanctions on Tehran, preliminary data released by Korea Customs Service showed Monday.
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2018, October, 15, 12:00:00
U.S. RIGS UP 11 TO 1,063
BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.
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2018, October, 12, 11:40:00
OIL PRICE: NEAR $81
REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.
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2018, October, 12, 11:35:00
OIL PRICES 2018 - 19: $74 - $75
EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.
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2018, October, 12, 11:30:00
OPEC: OIL DEMAND UP BY 1.54 MBD
OPEC - In 2018, world oil demand growth is estimated at 1.54 mb/d, following a downward revision of around 80 tb/d from the previous month’s assessment, mainly to reflect the most up-to-date data in OECD Europe and the Middle East, as well as the latest developments in the economies of in Latin America.