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All publications by tag «OIL»

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2018, August, 3, 09:50:00

IRAQ'S OIL EXPORTS 3.5 MBD

PLATTS - Iraqi southern crude oil exports in July surged to a record high of 3.543 million b/d, data from the oil ministry showed Wednesday, despite OPEC's second largest oil producer facing major protests near its key oil assets.

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2018, August, 3, 09:45:00

KUWAIT OIL PRODUCTION 2.8 MBD

PLATTS - Kuwait's crude oil production currently stands at 2.8 million b/d, the country's oil minister Bakheet al-Rashidi said Wednesday, up about 90,000 b/d from June levels.

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2018, August, 1, 09:40:00

OIL PRICE: NEAR $74 YET

REUTERS - Brent spot crude oil futures dropped 30 cents, or 0.4 percent, to $73.91 a barrel by 0435 GMT, adding to a 1.8 percent loss in the previous session. U.S. crude futures were down 38 cents, or 0.6 percent, at $68.38 a barrel, having dropped nearly 2 percent on Tuesday.

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2018, August, 1, 09:25:00

IRANIAN OIL EXPORTS 2.3 MBD

SHANA - Iran exported an average of 2.3 million barrels per day of crude oil to Asian and European countries during the four months. This is while exports for last calendar year's corresponding period stood at 2.115 mbd.

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2018, July, 30, 13:55:00

OIL PRICE: NEAR $75 YET

REUTERS - October Brent crude futures were last up 36 cents at $75.12 a barrel by 0902 GMT. The September contract expires on Tuesday. U.S. crude futures were up 78 cents at $69.47 a barrel.

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2018, July, 30, 13:50:00

RUSSIA WILL INCREASE OIL PRODUCTION

PLATTS - "We [expect] that some 200,000-250,000 b/d, out of the 300,000 b/d cut under the production cut deal, will be restored [this month]," Novak said on the sidelines of the BRICS summit in Johannesburg, according to a statement by the ministry's press office.

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2018, July, 30, 13:10:00

U.S. RIGS UP 2 TO 1,048

BAKER HUGHES A GE - U.S. Rig Count is up 2 rigs from last week to 1,048, with oil up 3 to 861, gas rigs down 1 to 186, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 12 rigs from last week to 223, with oil rigs up 12 to 154 and gas rigs unchanged at 69.

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2018, July, 27, 12:53:57

OIL PRICE: ABOVE $74 YET

REUTERS - Brent futures were down 5 cents at $74.49 a barrel by 0319 GMT, after gaining 0.8 percent on Thursday. They are heading for a near 2 percent gain this week, the first weekly increase in four. U.S. West Texas Intermediate futures were 5 cents lower, at $69.56, after rising nearly 0.5 percent in the previous session. The contract is heading for a 1.3 percent weekly loss, a fourth week of declines.

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2018, July, 27, 12:50:00

U.S. OIL INVESTMENT UP, DEBT DOWN

EIA - Capital expenditures for these 46 companies totaled almost $19 billion in the first quarter of 2018, a year-over-year increase of nearly $2 billion (10%). Most of these companies have announced that they expect to increase full-year 2018 capital expenditures from 2017 levels.

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2018, July, 27, 12:45:00

U.S. OIL TO CHINA DOWN

PLATTS - China's crude oil imports from the US for July have fallen sharply from June, and are expected to drop even further for August, vessel tracking data showed, as Beijing's tariffs on US crude imports get closer to implementation.

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