News
2017, November, 17, 19:45:00
RUSSIA - VENEZUELA RESTRUCTURING $3 BLN
FT - Russia has come to the aid of Venezuela with a deal to restructure $3.15bn of sovereign debt, allowing Caracas to meet obligations to other creditors and underlining Moscow’s role as the crisis-hit country’s main foreign backer.
2017, November, 17, 19:40:00
ADNOC OUTPUT UP
OGJ - ADNOC is increasing its total production capacity to 3.5 million b/d next year from about 3.1 million b/d at present.
2017, November, 17, 19:35:00
ADNOC & CNPC COLLABORATION
OGJ - Abu Dhabi National Oil Co. (ADNOC) and China National Petroleum Corp. (CNPC) signed an agreement covering potential collaboration, including potential offshore opportunities and the sour gas development projects.
2017, November, 17, 19:30:00
U.S. INDUSTRIAL PRODUCTION UP 0.9%
FRB - Industrial production rose 0.9 percent in October, and manufacturing increased 1.3 percent. The index for utilities rose 2.0 percent, but mining output fell 1.3 percent, as Hurricane Nate caused a sharp but short-lived decline in oil and gas drilling and extraction. Even so, industrial activity was boosted in October by a return to normal operations after Hurricanes Harvey and Irma suppressed production in August and September. Excluding the effects of the hurricanes, the index for total output advanced about 0.3 percent in October, and the index for manufacturing advanced about 0.2 percent.
2017, November, 15, 15:25:00
OIL PRICE: ABOVE $61 AGAIN
REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month.
U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.
2017, November, 15, 15:20:00
IEA COOLS THE MARKET
BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.
2017, November, 15, 15:15:00
IEA: GLOBAL ENERGY DEMAND UP BY 30%
Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.
2017, November, 15, 15:10:00
RUSSIA'S OIL EXPORTS UP
Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.
2017, November, 15, 15:05:00
UAE CUTS OUTPUT
OPEC and allied oil producers should extend their production cuts beyond March to help re-balance the market, the United Arab Emirates said, adding weight to a gathering consensus for longer reductions in output among participants in the global accord.
2017, November, 15, 15:00:00
ROSNEFT NET INCOME DOWN 3.9%
Financial results for 3Q 2017 and 9М 2017:
- 9M 2017 revenue growth by 22.9% in RUB terms and by 43.7% in USD terms YoY
- 9M 2017 EBITDA exceeded RUB 1 trln, growth by 10.6% YoY
- 3Q 2017 EBITDA margin improvement
- Successful timely close of strategic deals with potential breakthrough growth in shareholder value
- Approval of the first interim dividend with 50% payout ratio of net income under IFRS
2017, November, 15, 12:32:00
PETROBRAS NET INCOME R$ 5,031 MLN
PETROBRAS - Net Income of R$ 5,031 million in 9M-2017, compared to a loss of R$ 17,334 million in 9M-2016.
2017, November, 14, 18:10:00
OIL PRICE: ABOVE $62
Brent crude futures LCOc1 were at $63.55 per barrel at 0614 GMT, up 3 cents from their last close. U.S. West Texas Intermediate (WTI) crude CLc1 was at $56.79 per barrel, up 5 cents.
2017, November, 14, 18:05:00
NIGERIA'S OIL PRICE UP
PLATTS - Nigeria's Bonny Light crude has seen its price rise to its highest levels since February, as the grade began to trade in a more regular fashion in the spot market following several months of disruption due to loading delays and forces majeures.
2017, November, 14, 18:00:00
NIGERIA NEED INVESTMENT $5.5 BLN
REUTERS - Nigeria will move ahead with plans to borrow $5.5 billion from foreign investors after the Senate on Tuesday approved President Muhammadu Buhari request for the move.
2017, November, 14, 17:55:00
VENEZUELA'S SELECTIVE DEFAULT
REUTERS - Further complicating the situation, S&P Global Ratings declared Venezuela in selective default after it failed to make coupon payments on bonds due in 2019 and 2024 within a 30-day grace period. The agency warned there was a strong chance it would miss further payments within three months.