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2017

2017
2017, January, 20, 18:50:00

CHINA'S CNOOC INVESTMENT UP TO 39%

Cnooc said it plans to lift capital spending to between Rmb60bn and RMB70bn this year, from budgeted capex of Rmb50.3bn in 2016. It intends to produce between 450m and 460m barrels of oil equivalent this year, compared with an estimated 476m last year.

2017
2017, January, 20, 18:45:00

GAZPROM UP TO 2.7%

Preliminary production figures for December 2016 show an average daily production of 2 094 000 barrels of oil, NGL and condensate, which is a decrease of 60 000 barrels per day (approx. 3 percent) compared to November.

2017
2017, January, 20, 18:40:00

U.S. SECURITIES UP $23.7 BLN

The sum total in November of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $23.7 billion. Of this, net foreign private inflows were $25.2 billion, and net foreign official outflows were $1.5 billion.

2017
2017, January, 20, 18:35:00

LNG FOR PAKISTAN

Pakistan LNG Limited opened the financial bids for the supply of 240 shipments of LNG January 19. Gunvor has bagged a five-year contract to supply 60 shipments while Eni has been awarded a 15-year contract to supply 180 shipments.

2017
2017, January, 20, 18:30:00

NORWAY'S PRODUCTION DOWN 60 TBD

Preliminary production figures for December 2016 show an average daily production of 2 094 000 barrels of oil, NGL and condensate, which is a decrease of 60 000 barrels per day (approx. 3 percent) compared to November.

2017
2017, January, 17, 18:45:00

DEMAND WILL UP

Brent for March settlement rose 27 cents to $55.72 a barrel on the London-based ICE Futures Europe exchange. The contract fell 56 cents, or 1 percent, to $55.45 a barrel on Friday. Prices slid 2.9 percent last week, the biggest drop since November. The global benchmark crude traded at a premium of $2.32 to March WTI.

2017
2017, January, 17, 18:40:00

2017: OPEC SEES STABILITY

OPEC Secretary-General Mohammed Barkindo forecast on Monday that stability would return to oil markets this year while price hawk Venezuela said it hoped its crude basket would rise to $70 in coming months.

2017
2017, January, 17, 18:35:00

CHINA'S PRODUCTION DOWN

China’s oil production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016.

2017
2017, January, 17, 18:30:00

PAKISTANIAN LNG UP

Pakistan LNG Limited will open financial bids for the supply of 240 shipments of LNG on January 19, while contracts to successful bidders will be awarded on Jan 31.

2017
2017, January, 16, 18:45:00

OIL PRICES: ABOVE $55 AFRESH

Benchmark Brent crude oil LCOc1 was down 10 cents a barrel at $55.35 by 0915 GMT (04:15 a.m. ET) and U.S. light crude CLc1 fell 10 cents to $52.27.