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August 2019

August 2019
2019, August, 23, 11:20:00
OIL PRICE: NEAR $60 ANEW
Brent rose 29 cents, or 0.5%, to $60.21 a barrel, WTI were at $55.53 a barrel, up 18 cents, or 0.3%.
August 2019
2019, August, 23, 11:15:00
OPEC EXPORT REVENUES $711 BLN
members of the Organization of the Petroleum Exporting Countries (OPEC) earned almost $711 billion in net oil export revenues in 2018
August 2019
2019, August, 23, 11:10:00
OPEC MARKET SHARE DOWN
Crude oil from the Organization of the Petroleum Exporting Countries made up 30% of world oil supply in July 2019, down from more than 34% a decade ago and a peak of 35% in 2012, according to OPEC data.
August 2019
2019, August, 23, 11:05:00
U.S., UK, AUSTRALIA CAN CLOSE HORMUZ
Foremost among the areas to be patrolled is the Strait of Hormuz, between Oman and Iran, through which about one-fifth of the world’s seaborne crude flows out of the Gulf.
August 2019
2019, August, 23, 11:00:00
CHINA'S COAL DEMAND UPDOWN
Though the share of coal in the China’s total energy mix fell to 59% last year from 68.5% in 2012, overall consumption in 2018 rose 3% from a year earlier to 3.82 billion tonnes,
August 2019
2019, August, 23, 10:55:00
GAZPROM'S SHARE IN EUROPE: 32%
Gazprom’s share was around the average of the past three years, edging down by 1% from the previous year to 32%. But it was the first year-on-year drop since 2014-2015, when it was hit by low gas demand in Europe.
August 2019
2019, August, 23, 10:50:00
ROSNEFT SALES VENEZUELA'S OIL
Rosneft, which produces around five percent of the world’s oil, is now taking care of shipping and marketing operations for the bulk of Venezuelan oil exports, ensuring that PDVSA can continue to supply buyers.
August 2019
2019, August, 23, 10:45:00
ROSNEFT SWITCH TO EURO
Rosneft last week asked buyers to use the euro as the default currency for the first time in a spot tender to sell naphtha
August 2019
2019, August, 23, 10:40:00
ROSNEFT IN MOZAMBIQUE
Rosneft Oil Company and the National Petroleum Institute (Instituto Nacional de Petróleo, INP) have signed a Cooperation Agreement. The document was signed by Chief Executive Officer of Rosneft Oil Company Igor Sechin and Chairman of INP Carlos Zacarias. In addition, Rosneft has signed a Memorandum on Expansion of cooperation in Mozambique with the National Hydrocarbon Company (Empresa Nacional de Hidrocarbonetos, ENH).
August 2019
2019, August, 23, 10:35:00
ADNOC CONTRACTS $3.6 BLN
The Abu Dhabi National Oil Company (ADNOC) announced, today, the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement. The combined scope of the three contracts awarded is one of the world’s largest in this category, maximizing value for ADNOC across its drilling value chain and underpinning its strategy to deliver a more profitable upstream business.