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2019, May, 30, 17:50:00U.S. GDP UP 3.1%
U.S. real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the first quarter of 2019 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.2 percent.
2019, May, 30, 17:45:00BRAZIL'S OIL UP
Brazil has seen its exports of crude grow from 734,000 b/d in 2015 to 1.3 million b/d in Q1 of this year. In contrast, Mexico, which was once a powerhouse of oil production, has maintained its export status only through curtailment of domestic refining, not increased crude oil output.
2019, May, 30, 17:40:00LNG FOR AUSTRALIA
As recently as a year ago, many thought importing LNG to Australia would be irrational, but shortages are expected as soon as 2022 and there are now five import proposals on the table,
2019, May, 30, 17:35:00GAZPROM'S PROFIT UP
Russia’s state-owned gas giant Gazprom increased its first-quarter net profit by 44 per cent over the previous year as higher gas prices offset lower gas export volumes.
2019, May, 30, 17:30:00LUKOIL'S PROFIT +36,8%
Profit attributable to shareholders totaled RUB 149.2 bln, up 36.8% year-on-year. The growth was restrained with higher DD&A due to the launch of new production facilities.
2019, May, 30, 17:25:00IMF, UKRAINE DISCUSSION
The IMF staff team has had very productive discussions with the Ukrainian authorities, including with President Zelenskyi, on the review of Ukraine’s Stand-By Arrangement with the IMF.
2019, May, 30, 17:20:00TOTAL, ALGERIA PARTNERSHIP
Algeria’s energy minister said on Monday he would seek a “good compromise” when asked about his earlier comments that Algiers would block Total’s plan.
2019, May, 29, 11:20:00OIL PRICE: ABOVE $69 YET
Front-month Brent crude futures were at $69.53 a barrel at 0641 GMT, down 58 cents, or 0.8%, from last session’s close. U.S. West Texas Intermediate (WTI) crude futures were at $58.46 per barrel, down 70 cents, or 1.2%, from their last settlement.
2019, May, 29, 11:15:00NUCLEAR POWER IS IMPORTANT
“Without an important contribution from nuclear power, the global energy transition will be that much harder,” said Dr Fatih Birol, the IEA’s Executive Director. “Alongside renewables, energy efficiency and other innovative technologies, nuclear can make a significant contribution to achieving sustainable energy goals and enhancing energy security.
2019, May, 29, 11:10:00U.S. SHALE PROBLEM
Despite the classic “wildcatting” image of plucky entrepreneurs trying their luck, smaller, independent drillers are losing access to capital