REUTERS - Front-month Brent crude futures LCOc1, a benchmark for global oil prices, were at $71.59 per barrel at 0749 GMT, up 2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures rose 1.6 percent to $61.15 per barrel.
OPEC - In advance of the scheduled meetings in December 2018, the JMMC directed the JTC to continue closely monitoring oil market conditions and further refine the scenario analysis based on updated data, with regard to options on new 2019 production adjustments, which may require new strategies to balance the market.
МИНЭНЕРГО РОССИИ - «Российско-саудовские отношения обладают солидными перспективами в сфере энергетики. Нами рассматриваются ряд масштабных совместных проектов, которые выведут российско-саудовское сотрудничество на принципиально новый уровень», - отметил российской министр.
CNBC - "In the 2020's we are going to have a clear physical shortage of oil because nobody is allowed to fully invest in future oil production," Michele Della Vigna, Head of EMEA Natural Resources Research at Goldman Sachs told CNBC Friday.
BHGE - U.S. Rig Count is up 14 rigs from last week to 1,081, with oil rigs up 12 to 886 and gas rigs up 2 to 195. Canada Rig Count is down 2 rigs from last week to 196, with oil rigs down 4 to 117 and gas rigs up 2 to 79.
REUTERS - Brent dropped $1.52 to a low of $69.13 before recovering to around $69.60 by 1135 GMT, down 4.5 percent for the week and approaching 16 percent this quarter. U.S. light crude CLc1 fell to an eight-month low below $60 a barrel, hitting a trough of $59.28, down $1.39 and off more than 20 percent since early October. That puts the U.S. contract officially in “bear market” territory, borrowing a definition commonly used in stock markets.
PLATTS - Saudi Arabia pumped 10.67 million b/d in the month, its most in the 30-year history of the Platts OPEC survey, while key ally the UAE also set an all-time high at 3.17 million b/d. Libya produced its most since June 2013 at 1.10 million b/d.
PLATTS - China's crude oil imports surged almost 32% year on year to 9.65 million b/d or 40.8 million mt in October, preliminary data from the General Administration of Customs showed
U.S. EIA - Global inventories are projected to increase and put downward pressure on crude oil prices.
ГАЗПРОМ - Германия, крупнейший импортер российского газа в мире, четвертый год подряд (с 2015 года) стабильно увеличивает объемы его закупки. Так, с 1 января по 6 ноября 2018 года «Газпром», по предварительным данным, поставил на немецкий рынок 48,6 млрд куб. м газа. Это на 4,9 млрд куб. м больше, чем за аналогичный период прошлого года, который стал для Германии рекордным по объему импорта российского газа (53,4 млрд куб. м).
BLOOMBERG - Gazprom PJSC, the Russian company that’s the dominant exporter of natural gas into Europe, is exploring ways to produce emissions-free hydrogen from its fuel and create a 153 billion-euro ($175 billion) a year market by 2050
CNBC - India and China are set to drive the world's nuclear power production growth as the two developing nations — among the top consumers of energy in the world — pursue their respective national nuclear energy programs.
WNN - Canada is well positioned to become a global leader in the development and deployment of small modular reactor (SMR) technology, Minister of Natural Resources Amarjeet Sohi said yesterday at the release of a report outlining the potential applications for SMRs in the country.
U.S. FRB - In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 2 to 2-1/4 percent.
BHGE - The worldwide rig count for October 2018 was 2,271, up 13 from the 2,258 counted in September 2018, and up 194 from the 2,077 counted in October 2017.