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April 2018

April 2018
2018, April, 16, 09:45:00

OIL DEMAND UP TO 1.5 MBD

IEA - Globally, we expect oil demand to grow by 1.5 mb/d in 2018. However, there is an element of risk to this outlook from the current tension on trade tariffs between China and the US,

April 2018
2018, April, 16, 09:35:00

RUSSIAN GAS FOR EUROPE AGAIN

PLATTS - The EU's main challenge is in natural gas, as 76% of the EU's gas imports came from just Norway and Russia in 2016,

April 2018
2018, April, 16, 09:30:00

SOUTHEAST ASIA: ENHANCING POTENTIAL

WBG - Growth in developing East Asia and Pacific (EAP) is expected to remain strong and reach 6.3 percent in 2018, according to the latest World Bank economic report on the region. Prospects for a continued broad-based global recovery and robust domestic demand underpin this positive outlook. Still, emerging risks to stability and sustained growth require close attention.

April 2018
2018, April, 16, 09:25:00

WBG: SOUTH ASIA'S GROWTH

WBG - South Asia has regained its lead as the fastest growing region in the world, supported by recovery in India. With the right mix of policies and reforms, growth is expected to accelerate to 6.9 percent in 2018 and 7.1 percent next year.

April 2018
2018, April, 16, 09:20:00

PHILIPPINES: KEY INVESTMENTS

WBG - Investments in infrastructure and education, skills, and health, are not only key to sustaining high growth but will also ensure that poor and vulnerable families have access to better job opportunities. Delivering inclusive economic growth through good jobs remains the country’s most pressing challenge, according to the World Bank.

April 2018
2018, April, 16, 09:15:00

U.S. GAS INVESTMENT: $170 BLN

BLOOMBERG - Gas output will expand by 24 billion cubic feet, or 32 percent, through 2025 from last year, according to U.S. Energy Information Administration estimates. To support that growth, the country’s gas industry needs to spend $170 billion over the next seven years on pipelines, compressor stations, export terminals and other related infrastructure, said Meg Gentle, chief executive officer of gas exporter Tellurian Inc.

April 2018
2018, April, 16, 09:10:00

CHEVRON - AUSTRALIA LNG: $54 BLN

REUTERS - The $54 billion Gorgon project came on stream in March 2016 but suffered numerous unplanned shutdowns in its early stages.

April 2018
2018, April, 16, 09:05:00

IRAN'S - S.KOREA OIL IMPORTS DOWN 39.3%

REUTERS - South Korea’s March crude oil imports from Iran dropped 39.3 percent from a year earlier on slowing demand for Iranian oil, the country’s customs data showed on Sunday.

April 2018
2018, April, 16, 09:00:00

U.S. RIGS UP 5 TO 1,008

BAKER HUGHES A GE - U.S. Rig Count is up 5 rigs from last week to 1,008, with oil rigs up 7 to 815, gas rigs down 2 to 192, and miscellaneous rigs unchanged at 1. Canada Rig Count is down 9 rigs from last week to 102, with oil rigs down 7 to 41 and gas rigs down 2 to 61.

April 2018
2018, April, 13, 18:10:00

OIL PRICE: ABOVE $72

REUTERS - Recovering from earlier losses, Brent crude LCOc1 was up 28 cents at $72.30 a barrel by 1301 GMT and set for a weekly gain of almost 8 percent, or about $5.U.S. crude for May delivery CLc1 rose 28 cents to $67.35, up more than 8 percent, or about $5, for the week.