2019, March, 20, 10:15:00SOUTH AFRICA'S NUCLEAR POWER
South Africa must consider nuclear as a clean energy source that can be part of its electricity generation mix, Energy Minister Jeff Radebe said yesterday in his keynote speech at a business awards ceremony.
2019, March, 20, 10:05:00PETROBRAS WILL SELL $10 BLN
Brazilian state-led oil producer and refiner Petrobras expects to ramp up its divestments in the near term, with a series of deals expected to close by the end of April, according to Chief Executive Roberto Castello Branco.
2019, March, 18, 13:30:00OIL PRICE: NEAR $67 YET
Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.
2019, March, 18, 13:20:00OPEC+ WILL CUT
Saudi Arabia’s energy minister said on Monday that he was confident that OPEC and its non-OPEC partners will reach full conformity with cuts, and even exceed it, in weeks to come.
2019, March, 18, 13:10:00BRENT OIL: UNDERVALUED
In the context of supply and demand balance,the current price of BRENT oil is undervalued.Neither OPEC nor the IEA has considerably brought down their forecasts for global oil demand in the current year.
2019, March, 18, 12:55:00SHAKY INDIA'S LNG
India’s demand for liquefied natural gas (LNG) is set to rise by about 10 percent this year even as the country adds import capacity at a faster clip, because infrastructure constraints keep gas from getting to consumers and hinder growth rates.
2019, March, 18, 12:40:00NORWAY'S PRODUCTION 1.7 MBD
NPD - Preliminary production figures for February 2019 show an average daily production of 1 745 000 barrels of oil, NGL and condensate, which is a decrease of 75 000 barrels per day compared to January.
2019, March, 18, 12:35:00U.S. GDP UP 3.1%
U.S. DT - During 2018, real GDP increased by 3.1 percent measured from the fourth quarter of 2017 to the fourth quarter of 2018.
2019, March, 18, 12:30:00U.S. INDUSTRIAL PRODUCTION UP 0.1%
U.S. FRB - Industrial production edged up 0.1 percent in February after decreasing 0.4 percent in January.
2019, March, 18, 12:25:00POLAND NEED $
OGJ - Stephen Blank, senior fellow for Russia at the American Foreign Policy Council, said, “Nord Stream 2 clearly is a threat to Europe, which is why the Trump administration opposes it. We have now threatened that if Nord Stream 2 is built, the US will impose sanctions not just on the project, but also on the contractors.”
2019, March, 18, 12:20:00U.S. RIGS DOWN 1 TO 1,026
BHGE -U.S. Rig Count is down 1 rig from last week to 1,026 rigs, with oil rigs down 1 to 833 and gas rigs unchanged at 193. Canada Rig Count is down 28 rigs from last week to 161, with oil rigs down 20 to 98 and gas rigs down 8 to 63.
2019, March, 15, 10:49:00OIL PRICE: ABOVE $67
Oil prices were stable on Friday, propped up by production cuts led by OPEC and as U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019.
2019, March, 15, 10:40:00OPEC: OIL DEMAND GROWTH LESS
In 2018, world oil demand is estimated to have grown by 1.43 mb/d, down by 0.04 mb/d from the previous estimate amid downward revisions in both OECD and non-OECD regions.
2019, March, 15, 10:35:00U.S. GAS PRODUCTION RECORD
U.S. natural gas production grew by 10.0 billion cubic feet per day (Bcf/d) in 2018, an 11% increase from 2017. The growth was the largest annual increase in production on record, reaching a record high for the second consecutive year
2019, March, 15, 10:15:00U.S. LNG FOR CHINA DOWN
Only one liquefied natural gas (LNG) vessel that left the United States in 2019 went to China, Reuters shipping data show, as the eight-month trade war between the two nations starts to cool.