2016, August, 24, 18:55:00MAJORS DEBT'S RECORD
Exxon Mobil Corp.Royal Dutch Shell PLC, BP PLC and Chevron Corp. hold a combined net debt of $184 billion -- more than double their debt levels in 2014, when oil prices began a steep descent that eventually bottomed out at $27 a barrel earlier this year. Crude prices have rebounded since, but still hover near $50 a barrel.
2016, August, 23, 18:30:00AUSTRALIAN LOOSES
Amid all the gloom inflicted by adverse market conditions, intense focus on efficiency improvement emerges as a bright underlying theme. With oil prices now $50./b after hitting a low of $27 a barrel in January, the expectation is that some stability may finally be returning to the market. Higher oil price is certainly a positive for producers.
2016, August, 19, 18:45:00THAILAND'S LNG WILL UP
Thailand's largest energy firm PTT Pcl plans to import at least 5 million tonnes of liquefied natural gas (LNG) in 2017, up from 3 million tonnes this year as local gas production fades.
2016, August, 19, 18:40:00AUSTRALIA'S OIL PROFIT DOWN
The slumping oil price has carved a chunk out of Australian oil and gas majors, with Woodside Petroleum reporting that profits halved in the first six months of the year while Santos swung to a loss of more than $1bn.
2016, August, 19, 18:35:00NIGERIA MAY LOSE $25 BLN
“This period of low oil price is not a time to jeopardize Nigeria’s long term interests by showing Nigeria as a place not to be trusted, and projecting our business environment as unconducive,”
2016, August, 18, 18:50:00OPEC REVENUE DOWN 46%
OPEC revenue has fallen in step with the steep decline in crude oil prices. The monthly average Brent spot price dropped from $112 per barrel in June 2014 to $38/b in December 2015. OPEC revenue is expected to fall further in 2016 to $341 billion before rising to $427 billion in 2017.
2016, August, 17, 18:30:00INDIA SAVES $3 BLN
India will save about Rs 20,000 crore ($3bn) as it has renegotiated a long-term LNG import deal with Qatar, Prime Minister Narendra Modi said on Monday.
2016, August, 15, 19:00:00RUSSIA - SAUDI TALKS
"With regard to the cooperation with Saudi Arabia, the dialogue between our two countries is developing in a tangible way, whether in the framework of a multi-party structure or on a bilateral level," Novak was quoted as saying.
2016, August, 12, 18:30:00PETROVIETNAM'S REVENUE $11.3 BLN
The group exploited 10.32 million tons of crude oil and 6.56 billion cubic metres of gas in the first seven months.
2016, August, 11, 18:40:00GAZPROM SALES UP TO 49%
Gazprom's sales volume to its core ‘Europe and other’ markets in 1Q grew by 49% to 58.1bn m³, an increase of 19bn m³ on 39.1bn m³ in January-March 2015. Sales to former Soviet countries declined by 15.5% (by 2bn m³) to 10.9bn m³, while those in Russia declined more modestly to 75.4bn m³, just 6% or 4.9bn m³ less than in 1Q 2015.
2016, August, 8, 19:00:00U.S. JOBS DOWN 142,000
Employment in oil and natural gas production reached a high of 538,000 jobs in October 2014. Since then, oil and natural gas production employment declined 26%, a loss of more than 142,000 jobs through May 2016, based on the latest jobs data available. The total decrease in production jobs is nearly three times the 51,000 jobs lost over a 13-month period during the 2008–09 recession.
2016, August, 8, 18:55:00U.S. DEFICIT UP TO $44.5 BLN
The deficit rose to $44.5 billion in June, 8.7 percent higher than a revised May deficit of $41 billion, the Commerce Department reported Friday. It was the biggest gap between what America sells abroad and what the country imports since a $44.6 billion deficit last August.
2016, August, 8, 18:50:00MAJORS SELL ASSETS
In common with other oil companies, the European trio are looking to divest non-core assets to help shore up their balance sheets and defend dividends at a time of mounting pressure from the prolonged weakness in oil prices.
2016, August, 5, 18:45:00IMF WANT LATIN AMERICA
Latin America should strengthen regional trade and financial linkages to boost growth and further the social achievements of the past 15 years.
2016, August, 5, 18:35:00MAJORS DEBT: $138 BLN
Debt levels are currently rising at an annual rate of 11.5 percent, more than double the 5.1 percent witnessed between 2009 and 2014.