News
2019, May, 29, 10:50:00
CANADA'S ENERGY FOR U.S.: $84 BLN
Canada is the second-largest importer of energy from the United States, in terms of trade value, behind only Mexico. Energy accounted for $84 billion, or 26%, of the value of all U.S. imports from Canada in 2018.
2019, May, 29, 10:45:00
INDONESIA'S COAL FOR CHINA
China is the world’s largest coal consumer and the largest buyer of Indonesia’s coal. In 2018, it imported 125 million metric tons of mostly low-calorie coal from Indonesia, absorbing 25 percent of Indonesia’s coal exports.
2019, May, 29, 10:40:00
UKRAINE'S GAS PRICES UP
"They still do not have permission from Russia to cross the border [after June 1] so the Kazakh company has decided to wait," a source at a major Ukrainian trading company said Tuesday. "No one knows exactly what's going to happen in June."
2019, May, 29, 10:35:00
GRONINGEN'S SEISMIC RISKS
A 3.4 magnitude earthquake prompted the Dutch government last year to promise to end Groningen production by 2030 and to lower output as quickly as possible in the coming years.
2019, May, 29, 10:30:00
PHILIPPINES RENEWABLE UP
In a market outlook report focused on the Philippines, analytics firm GlobalData said installed capacity was cued for an 11.2-percent compound annual growth rate (CAGR) from 2019 to 2030.
2019, May, 29, 10:25:00
BRAZIL'S GDP UP 1%
After contracting by almost 7 percent during the 2015-16 recession, real GDP grew by only 1.1 percent per year in 2017 and 2018.
2019, May, 27, 11:55:00
OIL PRICE: ABOVE $68
Spot Brent crude futures were firmer at $68.82 per barrel, 13 cents, or 0.2%, above their last close. WTI crude futures were at $58.43 per barrel at 0700 GMT, down 20 cents, or 0.3%, from their last settlement.
2019, May, 27, 11:50:00
VENEZUELA'S OIL TO CUBA UP
Venezuela's state-owned PDVSA exported 1.416 million barrels of combined crude and products in May to Cuba's state Cubametales, up from 355,000 barrels in April.
2019, May, 27, 11:45:00
TRUST IS A CENTRAL THEME
Trust is a central theme, because it is vital to the functioning of any economy and to the success of reforms. Polls across multiple countries show a long-running and deepening decline in trust in institutions and experts. The profound effects of the global financial crisis, increasing inequality, political polarization, and a lack of sincere attention to the needs of the public all seem to have contributed.
2019, May, 27, 11:40:00
OILFIELD SERVICES RATING DOWN
"Oilfield services companies will no longer be able to generate the high operating margins they did in 2014," Carin Dehne-Kiley, an analyst at S&P, wrote Friday in a report to investors. "The oilfield services industry has fundamentally changed due to permanent efficiency and productivity gains realized by E&P companies as well as investor sentiment calling for E&P companies to live within cash flow and limit production growth."
2019, May, 27, 11:35:00
ASIA'S RENEWABLE INVESTMENT WILL UP
Total capital expenditure in renewables will rise above $30 billion in the region by 2020, just overtaking investment into exploration and production for oil and natural gas,
2019, May, 27, 11:30:00
ALGERIA STOP TOTAL
Algeria will block Total from acquiring Anadarko's assets in Algeria, energy minister Mohamed Arkab told reporters on a sidelines of a conference on Sunday.
2019, May, 27, 11:25:00
U.S. RIGS DOWN 4 TO 983
BHGE - U.S. Rig Count is down 4 rigs from last week to 983, with oil rigs down 5 to 797, gas rigs up 1 to 186, and miscellaneous rigs unchanged at 0. Canada Rig Count is up 15 rigs from last week to 78, with oil rigs up 16 to 38 and gas rigs down 1 to 40.
2019, May, 24, 10:25:00
OIL PRICE: NEAR $67
Brent crude futures were at $68.48 per barrel at 0654 GMT, up 72 cents, or 1.1%, from their last close, with prices underpinned by OPEC supply cuts and Middle East tensions. U.S. West Texas Intermediate (WTI) crude futures were up 66 cents, or 1.1%, at $58.57 per barrel.
2019, May, 24, 10:20:00
OPEC+ COMPLIANCE 168%
Although compliance to the cuts had a slow start, OPEC's JMMC noted in a press release following their meeting in Jeddah, Saudi Arabia, that compliance had hit a record high of 168% in April 2019. Average conformity reached 120% since January 2019.