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2019, January, 16, 11:20:00OIL MARKET BALANCE
REUTERS - “If we look beyond the noise of weekly data and speculators’ herd-like behavior, I remain convinced that we’re on the right track, and that the oil market will quickly return to balance,” said Falih, addressing an oil conference in Abu Dhabi.
2019, January, 16, 11:15:00OIL PRICE LEVEL: $70
AN - Bank of America Merrill Lynch has retained its forecast that oil will average at $70 this year, after prices rebounded from a two-year low in December.
2019, January, 16, 11:10:00OIL PRICES 2019-20: $61-65
U.S. EIA - EIA forecasts Brent prices will average $61 per barrel (b) in 2019 and $65/b in 2020. In 2018, Brent prices averaged $71/b.
2019, January, 16, 11:05:00OPEC WILL DOWN 800 TBD
SHANA - the OPEC Conference that unanimously decided on December 7 to adjust OPEC overall production by 0.8 mb/d from October 2018 levels, effective as of January 2019, for an initial period of six months.
2019, January, 16, 11:00:00GAS PRICE: NEAR $3.5
PLATTS - The NYMEX February natural gas futures contract jumped 49.2 cents in trading Monday to settle at $3.591/MMBtu with colder weather forecast for the eastern half of the US toward the end of the month.
2019, January, 16, 10:55:00CHINA'S GAS DEMAND WILL UP 11%
REUTERS - China's natural gas demand will reach 308 billion cubic meters (bcm), CNPC said. That marks an 11.4-percent climb from 2018, although the pace of growth would be down from 16.6 percent recorded previously.
2019, January, 16, 10:50:00PGGM, SHELL ACQUISITION OF ENECO
SHELL - PGGM and Shell have joined forces to explore the opportunity to participate in the controlled auction for the sustainable energy provider Eneco. In December 2018 Eneco and its shareholders’ committee announced the start of the privatisation process.
2019, January, 14, 12:20:00OIL PRICE: NEAR $60
REUTERS - International Brent crude oil futures were at $59.88 per barrel at 0816 GMT, down 60 cents, or 1 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 59 cents, or 1.1 percent, at $51 a barrel.
2019, January, 14, 12:15:00U.S. SANCTIONS FOR GERMANY
REUTERS - The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick with the project.
2019, January, 14, 12:10:00RUSSIA'S OIL PRODUCTION DOWN 30 TBD
PLATTS - Russia has already lowered its oil output by around 30,000 b/d compared with October volumes, used as a baseline under the latest OPEC/non-OPEC crude production agreement, and still plans to reach a cut of 50,000 b/d by the end of January, Russian energy minister Alexander Novak said Friday.