2019, June, 3, 12:40:00RUSSIA'S OIL PRODUCTION DOWN
The production fall resulted mainly from the closure due to oil contamination of Russia’s Druzhba pipeline, which usually ships 1 million bpd, or 1 percent of global oil demand.
2019, June, 3, 12:35:00ARAMCO'S OIL PRICES DIFFERENCES
Aramco hiked the July price differential for its flagship Arab Light grade by 60 cents/b to a premium of $2.70/b to the average of Oman/Dubai, the highest since January 2014, when it was a premium of $3.75/b to Oman/Dubai.
2019, June, 3, 12:30:00U.S. GAS PRODUCTION UP
In March 2019, for the 23rd consecutive month, dry natural gas production increased year to year for the month. The preliminary level for dry natural gas production in March 2019 was 2,771 billion cubic feet (Bcf), or 89.4 Bcf/d. This level was 9.2 Bcf/d (11.5%) higher than the March 2018 level of 80.2 Bcf/d.
2019, June, 3, 12:25:00INDIA'S GDP UP, DEBT DOWN
The yield on 10-year rupee sovereign debt fell as much as 9 basis points to 6.94% after data late Friday showed gross domestic product rose 5.8% last quarter from a year earlier.
2019, June, 3, 12:20:00TOTAL BUYS U.S. LNG
The transaction, among other things, will give Total control over 2.2 million mt/year of LNG to be produced by the third train at the Freeport LNG export terminal in Texas. The facility is currently preparing to begin production from its first train, after several construction- and weather-related delays hampered the project.
2019, June, 3, 12:15:00ARMENIA'S GDP UP 4.6%
Looking ahead, growth is expected to moderate to a more sustainable level of 4.6 percent in 2019 and stabilize at 4.5 percent over the medium term. The authorities are aiming for higher medium-term growth supported by reform.
2019, June, 3, 12:10:00U.S. RIGS UP 1 TO 984
BHGE - U.S. Rig Count is up 1 rig from last week to 984, with oil rigs up 3 to 800, gas rigs down 2 to 184, and miscellaneous rigs unchanged at 0. Canada Rig Count is up 7 rigs from last week to 85, with oil rigs up 6 to 44 and gas rigs up 1 to 41.
2019, May, 31, 12:35:00OIL PRICE: NEAR $65
Front-month Brent crude futureswere at $65.72 at 0844 GMT, down $1.15 from last session’s close. WTI crude futures were at $55.85 per barrel, down 74 cents from their last settlement.
2019, May, 31, 12:25:00GAZPROM'S PROFIT UP 44%
Profit attributable to owners of PJSC Gazprom amounted to RUB 535,908 million for the three months ended March 31, 2019 which is by RUB 164,285 million, or 44%, more than for the same period of the prior year.
2019, May, 31, 12:15:00BRITAIN'S OIL PRODUCTION UP 9%
UK oil production rose by nearly 9% on the year in the first quarter of 2019 to 1.18 million b/d, continuing a half-decade revival and beating industry expectations, government statistics released Thursday showed.
2019, May, 31, 12:05:00PETRONAS PROFIT UP 9%
First quarter Profit After Tax (PAT) stood at RM14.2 billion, up by 9 per cent on the back of higher revenue, but partially offset by increased net product and production costs, lower net write-back of assets impairment and higher contribution to the National Trust Fund.
2019, May, 30, 18:25:00OIL PRICE: NEAR $69 YET
Brent crude futures were at $69.03 per barrel at 1325 GMT, down 42 cents, or 0.6%, from their last close. WTI crude futures were up 23 cents, or 0.4%, at $59.04 a barrel, supported by expectations of a fall in U.S. crude inventories.
2019, May, 30, 18:20:00DIVERSIFICATION IS IMPORTANT
To put these two things together, the shale oil affecting both the volume of export and the price, plus the developments in clean technologies, tell me that for those countries who meet in Vienna, it has never been more important for them to diversify their economies. We have seen in Algeria, for example, one of the main reasons is the low oil price and the impact on the economy, and the same with Venezuela and elsewhere.
2019, May, 30, 18:05:00HIGH COSTS OF CORRUPTION
The costs of corruption run deep. Your taxpayer dollars are lost in different ways, siphoned off from schools, roads, and hospitals to line the pockets of people up to no good.
2019, May, 30, 18:00:00NUCLEAR POWER INCREASING
During a panel discussion at the Breakthroughs: Flexible Nuclear Energy Systems in a Clean Energy World side event during CEM10, Rising said: "Action is needed to expand the share of nuclear generation in the clean energy future. We will need much more nuclear energy if we are to deliver on environmental, economic and sustainable development objectives."