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All publications by tag «OIL»

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2019, January, 9, 10:45:00

VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD

PLATTS - The US Energy Information Administration forecasts that Venezuelan oil production will fall below 1 million b/d in the second half of 2019, according to Erik Kreil, an international energy analysis team leader with the EIA.

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2019, January, 7, 10:00:00

OIL PRICE: NEAR $58

REUTERS - Brent crude futures LCOc1 were at $57.86 per barrel at 0538 GMT, up 80 cents, or 1.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $48.77 per barrel, up 81 cents, or 1.7 percent.

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2019, January, 7, 09:55:00

U.S. OIL INVENTORIES 441.4 MBBL

OGJ - US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, remained virtually unchanged for the week ended Dec. 28, 2018,

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2019, January, 7, 09:50:00

IRAQ'S OIL PRODUCTION: 4.513 MBD

REUTERS - Iraq said on Friday it was committed to the OPEC+ output-cutting deal and would keep its oil production at 4.513 million barrels per day for the first half of 2019.

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2019, January, 7, 09:45:00

LIBYA'S OIL REVENUE UP 78%

REUTERS - Libya’s oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya’s National Oil Corporation (NOC) said in statement on Sunday.

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2019, January, 7, 09:40:00

VENEZUELA'S OIL EXPORTS DOWN AGAIN

BLOOMBERG - Home to the world’s biggest crude reserves, Venezuela exported 1.245 million barrels a day last year, the lowest since 1990, as production tumbles amid an economic and humanitarian crisis. Financial sanctions imposed by the U.S. have further tightened the screws on Venezuela’s ailing economy, while creditors have sought seize its assets including oil cargoes and its prized Citgo refineries in the U.S.

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2019, January, 7, 09:05:00

U.S. RIGS DOWN 8 TO 1,075

BHGE - U.S. Rig Count is down 8 rigs from last week to 1,075, with oil rigs down 8 to 877 and gas rigs unchanged at 198. Canada Rig Count is up 6 rigs from last week to 76, with oil rigs up 5 to 20 and gas rigs up 1 to 56.

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2019, January, 4, 12:10:00

OIL PRICE: ABOVE $56

REUTERS - Brent crude futures LCOc1 were at $56.33 per barrel at 0638 GMT, up 38 cents, or 0.7 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $47.73 per barrel, up 64 cents, or 1.4 percent.

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2019, January, 4, 12:00:00

RUSSIA'S OIL PRODUCTION: 11.16 MBD

REUTERS - Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on an annual average basis, data from its energy ministry showed.

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2019, January, 4, 11:55:00

OIL PRICE LEVEL: $60 - 70

MEOG - A $60-70 per barrel oil price level appears adequate to incentivise sufficient long-term supply. The cost to develop both tight oil resources and conventional upstream oil projects has declined significantly since the oil price collapse of 2015-16.

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