Analysis
2020, April, 13, 11:15:00
COVID-19: ENERGY LANDSCAPE
Podcast/Audio - COVID-19 and the considerable impacts both positive and negative that it will have on the world of Energy
2020, April, 10, 12:25:00
OIL PRICE: ABOVE $31
Markets were closed for the Good Friday holiday in major centres. But on Thursday, Brent oil prices LCOc1, which hit an 18-year low last month, were trading around $32 a barrel, half their level at the end of 2019.
2020, April, 10, 12:15:00
OPEC+ CONVERSATION
Under the proposed deal, the 10 million b/d OPEC+ cuts would cover the months of May and June, and then be rolled back to 8 million b/d for the rest of 2020, and then down to 6 million b/d for all of 2021 through April 22,
2020, April, 10, 12:10:00
U.S.$ DOWN
Against the euro EUR=EBS, the dollar last stood at $1.0941, on course for 1.3% weekly decline.
2020, April, 10, 12:05:00
NOVATEK'S PRODUCTION UP BY 2.1%
In the first quarter 2020, NOVATEK’s hydrocarbon production totaled 150.2 million barrels of oil equivalent
2020, April, 10, 11:55:00
U.S. RIGS DOWN 62 TO 602
U.S. Rig Count is down 62 rigs from last week to 602, Canada Rig Count is down 6 rigs from last week to 35
2020, April, 9, 12:05:00
OIL PRICE: NEAR $34
Brent rose by almost 2.6%, or 87 cents, to $33.71 a barrel, WTI were up 5%, or $1.27 cents, at $26.36 a barrel
2020, April, 9, 12:00:00
SAUDI ARABIA, RUSSIA, U.S. CONVERSATION
The United States has become the world’s largest producer but Trump’s administration has shown no appetite to mandate cuts.
2020, April, 9, 11:55:00
SAUDI ARABIA, RUSSIA, U.S. REDUCTION
Saudi Arabia and Russia, the two OPEC+ leaders, have insisted that they will only participate if the US also agrees to production cuts.
2020, April, 9, 11:50:00
OPEC+ SEEKS CUTS TO 15 MBD
The oil market has collapsed due to the coronavirus pandemic, as well as the inability of the OPEC+ alliance to agree on a production cut strategy at its last meeting March 5-6, when Russia rejected a Saudi-led proposal for deeper cuts.
2020, April, 9, 11:45:00
CHINA STOCKS UP
China - at the close, the Shanghai Composite index was up 0.37% at 2,825.90.
2020, April, 9, 11:40:00
GOLD PRICE UP
Spot gold rose 0.6% to $1,654.94 per ounce by 0719 GMT, having hit a four-week high of $1,671.40 on Tuesday. It has risen more than 2.3% this week.
2020, April, 9, 11:35:00
SUB-SAHARAN AFRICA RECESSION 2020
Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region over the past 25 years,
2020, April, 9, 11:30:00
INDIA'S COAL IMPORTS DOWN
India's coal import in March stood at 15.74 million tonnes (MT), down 27.5 per cent over last year,
2020, April, 8, 12:05:00
OIL PRICE: NEAR $32
Brent was up by 21 cents, or 0.8%, at $32.08 per barrel, WTI rose 82 cents, or 3.8%, to $24.45 a barrel