News
2020, July, 16, 16:05:00
NORD STREAM 2: THE NEW SANCTIONS
The changes to the CAATSA guidance is the latest move by the US to put pressure on companies involved in building both Nord Stream 2 and the TurkStream extension in Bulgaria and Serbia into Hungary.
2020, July, 16, 16:00:00
CHINA'S GDP UP FASTER
China's GDP will return to pre-coronavirus levels by the end of the year, faster than any other major economy.
2020, July, 16, 15:55:00
U.S. INDUSTRIAL PRODUCTION UP 5.4%
U.S. Total industrial production rose 5.4 percent in June after increasing 1.4 percent in May
2020, July, 16, 15:45:00
AUSTRALIA'S WOODSIDE LOOSES $4 BLN
Woodside decided to reduce its planned expenditure in 2020 by around 50% to AUD2.4bn (US$1.5bn)
2020, July, 15, 14:20:00
OIL PRICE: ABOVE $43 ANEW
Brent up 35 cents, or 0.8%, at $43.25 a barrel, WTI rose 38 cents, or 0.1%, to $40.67 a barrel.
2020, July, 15, 14:15:00
OIL DEMAND WILL UP
In 2021, oil demand is forecast to partially recover from the current year to show historic high growth of 7.0 mb/d.
2020, July, 15, 14:10:00
OPEC+ DECISION
OPEC+ sources have said no recommendations have been made to prolong record cuts into August
2020, July, 15, 14:05:00
GOLD PRICE UNCHANGED
Spot gold was little changed at $1,808.85 per ounce by 0658 GMT. U.S. gold futures eased 0.2% to $1,808.40.
2020, July, 15, 14:00:00
RUSSIA'S GAZPROM EARNINGS DOWN
In April and May, Russian companies sold abroad 65.4 tons of gold for $3.55 billion while energy corporation Gazprom, holding a monopoly for delivery of natural gas to foreign countries, earned $2.4 billion over the same period.
2020, July, 15, 13:55:00
RUSSIA'S GAZPROM EXPORTS UNCHANGED
Gazprom's expectations for its realized European gas price for the year were also unchanged.
2020, July, 15, 13:50:00
RUSSIA'S ARCTIC OIL FOR CHINA
Since the Arctic oil exports began, Gazprom Neft has delivered over 40 million tons of ARCO (Prirazlomnoye field) and Novy Port (Novoportovskoye field) to European countries.
2020, July, 15, 13:45:00
RUSSIA, TURKEY NUCLEAR STRATEGY $20 BLN
The $20bn Akkuyu nuclear plant will comprise four 1200MWe VVER-1200 reactors
2020, July, 15, 13:40:00
WEATHERFORD FOR IRAQ
Frederico Justus, President, International Operations, Weatherford, noted, “This joint operation with IDC is an honor for Weatherford. Together, IDC and Weatherford will work as one team, providing project management solutions that deliver efficient and effective execution of the contract.”
2020, July, 14, 13:25:00
OIL PRICE: ABOVE $42
Brent fell 44 cents to $42.28, WTI fell 44 cents to $42.28