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August 2018

August 2018
2018, August, 31, 11:40:00

OIL PRICE: ABOVE $77

REUTERS -International Brent crude oil futures LCOc1 were at $77.64 per barrel at 0654 GMT, down 13 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were unchanged at $70.25 a barrel.

August 2018
2018, August, 31, 11:35:00

GAZPROM'S PROFIT UP BY 65%

GAZPROM - Profit attributable to the owners of PJSC Gazprom for the six months ended June 30, 2018 totalled RUB 630,804 million which is by RUB 249,458 million, or 65 %, more than for the same period of the prior year.

August 2018
2018, August, 31, 11:30:00

РОССИЯ: БОЛЬШЕ УГЛЯ

МИНЭНЕРГО РОССИИ - Заместитель Министра отметил, что потребление угля в мире ежегодно растёт на 2-2,5%, увеличиваются и объёмы поставок из России. «За двадцатилетний период доля России на международном рынке выросла с 6% до 14%. В этом году мы ожидаем, что экспорт угля из России составит около 200 млн т, это рекордные показатели за всю историю», - отметил замминистра.

August 2018
2018, August, 31, 11:25:00

RUSSIAN GAS FOR EUROPE UP

PLATTS - Russian gas supplies to Europe and Turkey rebounded in August, according to data released by gas giant Gazprom, after a dip the previous month during the planned outage of the main Nord Stream gas pipeline to Germany.

August 2018
2018, August, 31, 11:20:00

CHINA'S OIL PRODUCT CONSUMPTION UP BY 7.2%

PLATTS - China's consumption of oil products rose 7.2% year on year to 27.54 million mt in July, data released Tuesday by the National Development and Reform Commission showed.

August 2018
2018, August, 31, 11:15:00

IRANIAN GAS UP

SHANA - Sitting atop 18% of the world's proven gas reserves, Iran ranks the first in terms of holding natural gas in the world. Owing to development of gas fields in recent years, Iran’s average gas production has reached 800 mcm/d, 600 mcm/d of which is consumed domestically.

August 2018
2018, August, 31, 11:10:00

U.S. GDP UP OF 4.2%

U.S. BEA - Real gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2018, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent.

August 2018
2018, August, 31, 11:05:00

PETROCHINA'S NET PROFIT UP OF 113%

PETROCHINA - Profit from operations was RMB65.891 billion, representing an increase of 80.6% compared to the same period in 2017. Net profit attributable to owners of the Company was RMB27.088 billion, representing an increase of 113.7% compared to the same period in 2017. Basic earnings per share was RMB0.148, representing an increase of RMB0.079 compared to the same period in 2017.

August 2018
2018, August, 31, 11:00:00

KASHAGAN OIL PRODUCTION: 470 TBD

PLATTS - Oil production at Kazakhstan's giant Kashagan field could be as high as 470,000 b/d under its first development phase, the head of the consortium overseeing the field, Brune Jardin, has said, while also noting plans for a big maintenance shutdown, and for development of nearby fields with China's CMOC.

August 2018
2018, August, 29, 10:55:00

OIL PRICE: NOT ABOVE $76 YET

REUTERS - International Brent crude oil futures LCOc1 were at $75.69 per barrel at 0654 GMT, down 26 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 12 cents, or 0.2 percent, at $68.41 a barrel.