Analysis
2018, August, 31, 11:40:00
OIL PRICE: ABOVE $77
REUTERS -International Brent crude oil futures LCOc1 were at $77.64 per barrel at 0654 GMT, down 13 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were unchanged at $70.25 a barrel.
2018, August, 31, 11:35:00
GAZPROM'S PROFIT UP BY 65%
GAZPROM - Profit attributable to the owners of PJSC Gazprom for the six months ended June 30, 2018 totalled RUB 630,804 million which is by RUB 249,458 million, or 65 %, more than for the same period of the prior year.
2018, August, 31, 11:25:00
RUSSIAN GAS FOR EUROPE UP
PLATTS - Russian gas supplies to Europe and Turkey rebounded in August, according to data released by gas giant Gazprom, after a dip the previous month during the planned outage of the main Nord Stream gas pipeline to Germany.
2018, August, 31, 11:20:00
CHINA'S OIL PRODUCT CONSUMPTION UP BY 7.2%
PLATTS - China's consumption of oil products rose 7.2% year on year to 27.54 million mt in July, data released Tuesday by the National Development and Reform Commission showed.
2018, August, 31, 11:10:00
U.S. GDP UP OF 4.2%
U.S. BEA - Real gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2018, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent.
2018, August, 31, 11:05:00
PETROCHINA'S NET PROFIT UP OF 113%
PETROCHINA - Profit from operations was RMB65.891 billion, representing an increase of 80.6% compared to the same period in 2017. Net profit attributable to owners of the Company was RMB27.088 billion, representing an increase of 113.7% compared to the same period in 2017. Basic earnings per share was RMB0.148, representing an increase of RMB0.079 compared to the same period in 2017.
2018, August, 29, 10:55:00
OIL PRICE: NOT ABOVE $76 YET
REUTERS - International Brent crude oil futures LCOc1 were at $75.69 per barrel at 0654 GMT, down 26 cents, or 0.3 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 12 cents, or 0.2 percent, at $68.41 a barrel.
2018, August, 29, 10:35:00
SOUTH CHINA SEA OIL TRADE
U.S. EIA - The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea.
2018, August, 29, 10:30:00
IRAN'S OIL EXPORTS DOWN AGAIN
REUTERS - Iran’s crude oil and condensate exports in August are set to drop below 70 million barrels for the first time since April 2017, well ahead of the Nov. 4 start date for a second round of U.S. economic sanctions.
2018, August, 29, 10:20:00
UKRAINE'S DEBT WILL UP
UNIAN - "If we don't pay, this will mean inflation, uncontrolled price rises for everything, depreciation of the national currency, halt of industrial production, and so on... And that's why we are adopting a strategy to manage the debt so as to protect people from any negative consequences as much as possible. We spend UAH 130 billion annually on debt servicing alone," Groysman said.
2018, August, 27, 14:30:00
OIL PRICE: NOT ABOVE $76
REUTERS - International Brent crude oil futures LCOc1 were at $75.49 per barrel at 0956 GMT, down 33 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 32 cents at $68.40 a barrel.
2018, August, 27, 14:20:00
IRANIAN OIL TO S.KOREA DOWN TO 46%
PLATTS - South Korea's crude oil imports from Iran dropped 45.8% year on year in July in the wake of the re-imposition of US sanctions, while intakes from Kazakhstan, the US and Mexico jumped as alternative sources.
2018, August, 27, 14:05:00
U.S. RIGS DOWN 13 TO 1,044
BAKER HUGHES A GE - U.S. Rig Count is down 13 rigs from last week to 1,044, with oil rigs down 9 to 860, gas rigs down 4 to 182, and miscellaneous rigs unchanged at 2. Canada Rig Count is up 17 rigs from last week to 229, with oil rigs up 12 to 153 and gas rigs up 5 to 76.
2018, August, 24, 11:30:00
OIL PRICE: NEAR $75 YET
REUTERS - Brent crude oil futures LCOc1 were at $75.07 per barrel at 0424 GMT, up 34 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $68.24 per barrel, up 41 cents, or 0.6 percent.
2018, August, 24, 11:15:00
NORWAY'S OIL GAS INVESTMENT WILL UP BY 6.2%
STATISTICS NORWAY - Total investments in oil and gas activity in 2019, including pipeline transportation, are estimated at NOK 165.1 billion, which is 6.2 per cent higher than estimated in the previous quarter. The estimate for 2018 is NOK 156 billion, which equals the estimate given in the previous quarter.