Analysis
2017, December, 22, 22:20:00
GERMAN OIL & GAS: 58.3%
PLATTS - Germany's total primary energy consumption for 2017 is forecast to rise by 0.8%, mainly due to strong economic growth, with oil and gas further boosting their market share to 58.3% of the energy mix, German research group AG Energiebilanzen (AGEB) said Thursday.
2017, December, 22, 22:15:00
U.S. GDP UP 3.2%
BEA - Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2017, according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent.
2017, December, 20, 19:45:00
OIL PRICE: ABOUT $64
REUTERS - Brent crude futures, the international benchmark for oil prices, were up 29 cents at $64.09 a barrel by 1438 GMT.
U.S. West Texas Intermediate (WTI) crude futures were 26 cents higher at $57.82 a barrel.
2017, December, 20, 19:40:00
COAL IN STAGNATION
IEA - Coal’s share in the global energy mix is forecast to decline from 27% in 2016 to 26% in 2022 on sluggish demand growth relative to other fuels. Growth through 2022 is concentrated in India, Southeast Asia and a few other countries in Asia. Coal demand declines in Europe, Canada, the United States and China, the largest coal consumer by far, and where we forecast a structural but slow decline with some fluctuations linked to short-term market requirements.
2017, December, 20, 19:35:00
SAUDIS EXPECTS +12%
BLOOMBERG - Saudi Arabia expects oil revenue to jump 12 percent next year in a sign the world’s biggest crude exporter expects prices to keep rising in 2018.
2017, December, 20, 19:30:00
U.S. PETROLEUM DELIVERIES UP TO 19.9 MBD
API - Total petroleum deliveries in November rose to 19.9 million barrels per day. This was the strongest November monthly demand since 2007. Cumulatively through the first 11 months of the 2017, total domestic petroleum deliveries rose by 0.9 percent, which exceeded demand growth in 2016 despite higher prices.
2017, December, 20, 19:25:00
U.S. DEFICIT $100.6 BLN
BEA - The U.S. current-account deficit decreased to $100.6 billion (preliminary) in the third quarter of 2017 from $124.4 billion (revised) in the second quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit decreased to 2.1 percent of current-dollar gross domestic product (GDP) from 2.6 percent in the second quarter.
2017, December, 20, 19:15:00
NORWAY'S PRODUCTION DOWN 102 TBD
NPD - Preliminary production figures for November 2017 show an average daily production of 1 813 000 barrels of oil, NGL and condensate, which is a decrease of 102 000 barrels per day compared to October.
2017, December, 20, 19:00:00
U.S. OIL + 94 TBD, GAS + 764 MCFD
EIA - Crude oil production from the major US onshore regions is forecast to increase 94,000 b/d month-over-month in January to 6,408 million b/d, gas production to increase 764 million cubic feet/day to 63,030 million cubic feet/day .
2017, December, 18, 12:50:00
OIL PRICE: BELOW $64 YET
REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $63.72 a barrel at 0821 GMT, up 49 cents, or 0.8 percent, from their last close.
Brent crude futures LCOc1, the international benchmark for oil prices, were at $63.72 a barrel at 0821 GMT, up 49 cents, or 0.8 percent, from their last close.
2017, December, 18, 12:45:00
ЦЕНА URALS: $62,53932
МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 ноября по 14 декабря 2017 года составила $62,53932 за баррель, или $456,5 за тонну.
2017, December, 18, 12:40:00
OPTIMISTIC OIL PRICES
BLOOMBERG - OPEC’s Secretary General Mohammad Barkindo said the producer group is close to its goal of rebalancing markets and the International Energy Agency said oil inventories in developed nations have slid to the lowest since July 2015. OPEC upped the implementation of promised cuts in November to 115 percent, the highest rate since the agreement began, according to the IEA.
2017, December, 18, 12:35:00
INEVITABLE OIL CHANGES
OPEC -
Sustainable oil market stability is crucial to attract the level of investment necessary for future demand growth;
In the longer term, oil will remain a vital and integral part of the energy mix;
Global energy and oil demand will grow in the long term;
2017, December, 18, 12:25:00
U.S. INDUSTRIAL PRODUCTION UP 0.2%
FRB - Industrial production moved up 0.2 percent in November after posting an upwardly revised increase of 1.2 percent in October.
2017, December, 18, 12:05:00
U.S. RIGS DOWN 1 TO 930
U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged.
Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.