SAUDIS OIL FOR CHINA: +20%
PLATTS - China's crude oil imports from Saudi Arabia in February rose 19.5% month on month to 1.21 million b/d, or 4.64 million mt, making it the second-largest supplier, data released by the General Administration of Customs on Tuesday showed.
Its imports of Saudi crude were the lowest in five months in January.
The steep month-on-month rise in barrels per day is because of February being a shorter month with 28 days.
Russia remained China's top crude supplier in the month with 1.32 million b/d, despite a 1.3% fall in imports from the country month on month.
China's overall crude oil imports declined 12.1% month on month, but rose 1.5% from a year ago to 8.45 million b/d in February.
Over the first two months of the year, the country's crude imports gained 10.8% on the year to 9.06 million b/d amid high imports from Russia, Brazil, Kuwait and the US.
|October, 22, 12:25:00|
|October, 22, 12:20:00|
|October, 22, 12:15:00|
|October, 22, 12:10:00|
|October, 22, 12:05:00|
|October, 22, 12:00:00|
BLOOMBERG - Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.
IMF - The agreement reached today reflects the IMF’s commitment to continue to help Ukraine achieve stronger, sustainable, and inclusive economic growth. The new program has been developed in close coordination with the World Bank and the European Union, who have parallel operations to support Ukraine. The authorities’ steadfast and effective implementation will be critical for the program to achieve its objectives.
CNBC - Ukraine announced on Friday it would raise household gas prices by nearly a quarter as Prime Minister Volodymyr Groysman warned that the country risked default if it crashed out of its International Monetary Fund aid program.
Schlumberger Announces Third-Quarter 2018 Results Revenue of $8.5 billion increased 2% sequentially Pretax operating income of $1.2 billion increased 5% sequentially EPS was $0.46 Cash flow from operations was $1.8 billion Free cash flow was $1.0 billion