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February 2016

February 2016
2016, February, 20, 21:00:00
LNG CANNOT REACH
LNG cannot reach every corner of Europe: there may be a lot of under-used capacity in import terminals in the Iberian peninsula but these are not useful for security of supply in mainland Europe except where they have reloading facilities. There is very little transport capacity overland into France.
February 2016
2016, February, 20, 20:55:00
ASIAN LNG DOWN 5%
Total imports of liquefied natural gas (LNG) by Japan, South Korea, and China, the three largest global LNG importers, all located in North Asia, declined by an average of 1.0 billion cubic feet per day (Bcf/d) (5%) in 2015.
February 2016
2016, February, 20, 20:50:00
THE HIGHEST INDIAN OIL
India's oil imports from Saudi Arabia and Iraq hit the highest in more than a decade last month as OPEC's top producers gained at the expense of Latin American crudes, a validation of the OPEC policy of maintaining output and fighting for market share.
February 2016
2016, February, 20, 20:45:00
IRAN WILL INCREASE
On Tuesday, Saudi Arabia, Russia, Venezuela and Qatar conditionally agreed to cap their output at last month’s levels in order to halt a slide that has pushed oil prices to their lowest point in more than a decade. Oil prices recently plummeted below $30 a barrel, the lowest in 13 years.
February 2016
2016, February, 20, 20:40:00
GAZPROM & BOLIVIA COOPERATION
Tarija hosted a working meeting between Alexey Miller and Evo Morales, President of the Plurinational State of Bolivia. The parties discussed a wide range of issues relating to the ongoing and future energy cooperation. This collaboration was noted to be strategic and long-term.
February 2016
2016, February, 20, 20:35:00
ROSNEFT'S RESERVE REPLACEMENT: 124%
Rosneft's hydrocarbon reserve replacement ratio under the SEC classification amounted to 124%. Following 2015 Rosneft's hydrocarbon reserve life under the SEC classification totaled 19 years.
February 2016
2016, February, 20, 20:30:00
OIL PRICES UPDOWN
Oil prices fell 4 percent on Friday, with Brent down a third straight week, as record high U.S. crude stockpiles intensified worries that a plan to freeze world output will do little or nothing to reduce massive oil supplies already in the market.
February 2016
2016, February, 20, 20:25:00
U.S. RIGS DOWN 27
U.S. Rig Count is down 27 rigs from last week to 514, with oil rigs down 26 to 413, and gas rigs down 1 to 101. Canadian Rig Count is down 16 rigs from last week to 206, with oil rigs down 9 to 109, and gas rigs down 7 to 97.
February 2016
2016, February, 16, 19:30:00
FREEZE OIL OUTPUT
Saudi Arabia and Russia, the world’s two largest crude producers, agreed to freeze output after talks in Qatar.
February 2016
2016, February, 16, 19:25:00
ROSNEFT & SAUDI MERGER
Oil giant Rosneft is interested in the privatization of Saudi Arabia’s national petroleum company Saudi Aramco, according to Rosneft CEO Igor Sechin who made the statement at the International Petroleum Week forum in London.