News
2018, September, 19, 13:39:00
SAUDIS OIL PRODUCTION: 10.42 MBD
PLATTS - Saudi production has since risen to 10.42 million b/d in August, the country reported to OPEC in the organization's most recent monthly oil market report. Saudi Arabia's crude oil stocks, which have been declining steadily over the last three years, fell to 229.41 million barrels in July, down 11.4% since May 2017, the JODI data showed.
2018, September, 19, 13:35:00
U.S. PRODUCTION: OIL + 79 TBD, GAS + 961 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 79,000 b/d month-over-month in October from 7,515 to 7,594 thousand barrels/day , gas production to increase 961 million cubic feet/day from 72,127 to 73,088 million cubic feet/day .
2018, September, 19, 13:30:00
U.S. - CHINA SANCTIONS: $60 BLN
REUTERS - Beijing on Tuesday said it would tax U.S. products worth $60 billion effective Sept. 24 in retaliation for tariffs imposed by U.S. President Donald Trump in an escalating trade war.
2018, September, 19, 13:25:00
TRUMP SELLS LNG
PLATTS - "A tremendous amount of LNG will be exported to Poland," Trump said during a joint news conference with Duda. "We're giving them a pretty good price. They're buying a lot of it. That's gonna be great."
2018, September, 19, 13:20:00
NORWAY'S PETROLEUM PRODUCTION: 1.87 MBD
NPD - Preliminary production figures for August 2018 show an average daily production of 1 870 000 barrels of oil, NGL and condensate, which is a decrease of 42 000 barrels per day compared to July.
2018, September, 19, 13:15:00
IMF: NORWAY IS BETTER
IMF - Norway is in the midst of a healthy recovery from the oil downturn, supported by positive trends in oil prices and a strengthening labor market. In addition, banks remain profitable and well capitalized. However, household debt continues to increase and house prices have resumed their rise, especially in the Oslo area, after a correction during 2017.
2018, September, 19, 13:10:00
IMF: BRITAIN'S ECONOMIC CHALLENGES
IMF - Beyond Brexit, the UK faces a range of other economic challenges. These include persistently lackluster productivity growth, large public debt, and the wide current account deficit. The UK’s sound macroeconomic framework, regulatory environment, and deep capital and flexible labor markets will be advantages in implementing reforms to address them.
2018, September, 19, 13:05:00
SAUDI ARAMCO INVESTMENT: $133 BLN
REUTERS - State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday.
2018, September, 19, 13:00:00
NOVATEK'S YAMAL LNG UP
PLATTS - Speaking on the sidelines of the Gastech conference in Barcelona, Mikhelson said Novatek could review its strategy to reach 57 million mt/year of LNG production by 2030 in the coming years as it continues to expand its already huge gas resource base in northern Russia.
2018, September, 17, 15:25:00
OIL PRICE: NOT ABOVE $79 YET
REUTERS - Brent crude oil was up 40 cents a barrel at $78.49 by 1155 GMT. U.S. light crude was up 45 cents at $69.44.
2018, September, 17, 15:20:00
РОССИЯ И САУДОВСКАЯ АРАВИЯ: СТАБИЛЬНОСТЬ НА РЫНКЕ
МИНЭНЕРГО РОССИИ - Министры обсудили динамику спроса и предложения на рынке с фокусом на макроэкономические тренды и потенциальные сценарии развития ситуации в среднесрочной перспективе. Стороны подтвердили приверженность обеспечению стабильности на рынке и готовность оперативно реагировать на изменения рыночной конъюнктуры, чтобы совместно с партнерами обеспечить стабильность рынка в любых условиях.
2018, September, 17, 15:10:00
IRAN'S OIL TO S.KOREA DOWN 86%
PLATTS - South Korea's crude oil imports from Iran plunged 86.5% in August from a year earlier due to pending re-imposition of US sanctions on Tehran, according to preliminary data released by the Korea Customs Service Monday.
2018, September, 17, 15:05:00
NORD STREAM 2 FOR EUROPE
PLATTS - Moscow also hopes to have its 55 Bcm/year Nord Stream 2 pipeline and its 31.5 Bcm/year TurkStream link ready to flow gas to Europe by the end of 2019, leaving only limited volumes for transit via Ukraine.
2018, September, 17, 14:55:00
SEVEN NUCLEAR FACTORS
WNN - The future of nuclear energy depends on the industry’s readiness to address the seven factors influencing its prospects, the deputy director general of the International Atomic Energy Agency (IAEA) told delegates at the World Nuclear Association Symposium 2018 held in London last week.
2018, September, 17, 14:50:00
U.S. & BRITAIN NUCLEAR RESEARCH
WNN - The UK's National Nuclear Laboratory (NNL) and the US Department of Energy's Oak Ridge National Laboratory (ORNL) have agreed to cooperate on nuclear energy research. The announcement came as the UK and USA signed a nuclear R&D action plan.