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2019, July, 12, 08:10:00GLOBAL OIL DEMAND GROWTH 2019-20: 1.14 MBD
In 2019, the global oil demand growth forecast remains at 1.14 mb/d, with expectations for global oil demand to reach 99.87 mb/d. In 2020, the initial forecast indicates growth of around 1.14 mb/d y-o-y, as global oil demand is anticipated to surpass the 100 mb/d threshold on an annual basis, to average 101.01 mb/d for the year.
2019, July, 12, 08:05:00OIL, GAS IS A KEY
The Organisation of the Petroleum Exporting Countries on Monday said that oil and gas remained part of key solutions in combating climate change. Secretary-General of the organisation, Mr Mohammad Barkindo, stated this in Vienna while speaking against the backdrop of mass mobilisation of civil society campaigns against the oil industry.
2019, July, 12, 08:00:00GAZPROM'S NEW RECORD 406 MLN M3
Russian gas sales on Gazprom Export's Electronic Sales Platform (ESP) surged to another new record high on Wednesday, with a colossal 406 million cu m sold in the latest auction.
2019, July, 12, 07:55:00BRITAIN'S CLIMATE AMBITION
The UK government must show it is serious about its legal obligations to tackle and prepare for climate change, the independent Committee on Climate Change (CCC) said today as it published its Reducing UK emissions - 2019 Progress Report to Parliament.
2019, July, 12, 07:50:00SAUDI ARAMCO, MCDERMOTT CONTRACT $4.5 BLN
McDermott has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco worth more than $4.5bn for the Marjan Increment Programme.
2019, July, 12, 07:45:00SAUDI ARAMCO, SAIPEM CONTRACT $3.5 BLN
As part of its larger increment programmes for Marjan and Berri, Saudi Aramco has awarded Saipem two EPCI contracts worth more than $3.5bn.
2019, July, 12, 07:40:00LNG PRICE: NEAR $4.5
Spot prices for August delivery to Northeast Asia are estimated to be about $4.40 per million British thermal units (mmBtu), up 10 cents from last week, trade sources said.
2019, July, 10, 12:55:00OIL PRICE: NEAR $65 AGAIN
WTI had climbed 93 cents, or 1.6%, to $58.76, having earlier risen to $58.84. Brent was up 70 cents, or 1.1%, at $64.86, after earlier touching $64.95.
2019, July, 10, 12:50:00OIL PRICES 2019-20: $67 ANEW
The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.
2019, July, 10, 12:45:00IRREVERSIBLE CLIMATE CHANGE
“The clock is ticking on irreversible climate change,” Adam Matthews, co-chair of the Transition Pathway Initiative (TPI) and the director of ethics and engagement at the Church of England Pensions Board, said in a statement.