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2019, March, 1, 12:10:00OIL PRICES 2019-20: ABOVE $60
Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January of last year.
2019, March, 1, 12:05:00FIVE OIL&GAS AREAS
MEOG - Saudi Aramco CEO Amin Nasser gave a speech at London Petroleum Week about the oil and gas industry's future--or, rather its perceived lack of a future. He addressed what he called a "worrying and growing belief among policy makers and regulators, investment houses, NGOs, and many others that we are an industry with little or no future."
2019, March, 1, 12:00:00RUSSIA'S LNG: NO SANCTIONS
Novatek’s Chief Financial Officer Mark Gyetvay said the company would build all equipment and technology in Russia to protect itself. “We will not hold ourselves hostage to U.S. sanctions,” he told the IP Week conference in London.
2019, March, 1, 11:55:00RUSSIA'S LNG FOR EUROPE UP
Russia delivered a record amount of liquefied natural gas (LNG) to Europe in February, becoming the biggest supplier of the chilled fuel to the continent for the first time.
2019, March, 1, 11:50:00U.S. GDP UP 2.6%
U.S. BEA - Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2018, according to the "initial" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.
2019, March, 1, 11:45:00RENEWABLE FOR EUROPE: €10 BLN
RECHARGE - The EU will spend up to €10bn ($11.37bn) supporting innovative low-carbon technologies in sectors such as renewables and energy storage over the next decade, said the European Commission.
2019, March, 1, 11:35:00S.KOREA, UAE NUCLEAR COOPERATION
The leaders of South Korea and the United Arab Emirates have said the two countries will seek opportunities to cooperate in the field of nuclear energy beyond their current collaboration on the Barakah nuclear power plant project. This will include opportunities in third countries.
2019, March, 1, 11:30:00ARMENIA'S GDP UP 4-5%
IMF - Looking ahead, Armenia's growth is expected to moderate to about 4½ percent in 2019, reflecting a weaker global environment and copper prices, and remain in the 4-5 percent range over the medium term. CPI inflation is projected to gradually converge to the CBA’s target of 4 percent over the next two years, as one-off factors wane. The current account deficit is expected to gradually narrow to around 5 percent of GDP. The risks to the outlook are mainly external.
2019, March, 1, 11:25:00NORWAY'S FUND RETURNED -6%
NB - The Government Pension Fund Global returned -6.1 percent, or -485 billion kroner, in 2018.
2019, March, 1, 11:20:00CYPRUS GAS UP
EXXONMOBIL - ExxonMobil said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.