News
2020, November, 18, 14:25:00
UAE OIL PRODUCTION 2.4 MBD
The UAE produced 2.4 million b/d in October, according to secondary sources quoted in OPEC's November monthly oil report. The UAE's quota is 2.59 million b/d.
2020, November, 18, 14:20:00
U.S., S. KOREA OIL IMPORTS DOWN
South Korean refiners have sharply increased intakes of Middle East crude since May as they started to reduce imports of US grades due to expensive WTI compared with Dubai-linked Persian Gulf grades.
2020, November, 18, 14:15:00
TAP GAS PIPELINE STARTING
In December 2019, Turkey and Azerbaijan formally inaugurated the US$6.5bn Trans-Anatolian Natural Gas Pipeline (TANAP) gas interconnector.
2020, November, 18, 14:10:00
U.S. INDUSTRIAL PRODUCTION UP
Industrial production rose 1.1 percent in October.
2020, November, 18, 14:05:00
TC ENERGY, NLE INVESTMENT $1 BLN
TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and Natural Law Energy (NLE) today announced they have signed a definitive agreement which allows NLE to make an equity investment of up to $1 billion in the Keystone XL pipeline project.
2020, November, 18, 14:00:00
TOTAL, ADNOC CLIMATE COOPERATION
The agreement brings together the best-in-class in low carbon technologies from ADNOC and Total, and expands on the long-standing partnership and collaboration between the two leading energy producers across the full value chain.
2020, November, 17, 13:25:00
OIL PRICE: NEAR $44
Brent rose 18 cents, or 0.4%, to $44.00 a barrel. WTI added 8 cents, or 0.2%, to $41.42 a barrel.
2020, November, 17, 13:20:00
OPEC+ CUTS PRODUCTION
OPEC+ ministers are weighing whether to relax their current 7.7 million b/d in collective production cuts to 5.8 million b/d as originally scheduled, maintain them at the same level for a few months, or even deepen them.
2020, November, 17, 13:15:00
ASIA'S TRADE BLOC
RCEP covers 30% of the global economy and 30% of the global population, joining for the first time Asian powers China, Japan and South Korea. It aims in coming years to progressively lower tariffs across many areas.
2020, November, 17, 13:10:00
CHINA GAS PRODUCTION UP
The natural gas produced in October was 11.6% higher from September and up 11.9% from a year ago, data released Nov. 16 by the National Bureau of Statistics showed.
2020, November, 17, 13:05:00
ASIA STOCKS UP
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.17% on Tuesday, a day after hitting its highest level since launching in 1987.
2020, November, 17, 13:00:00
U.S. GAS INVENTORIES UP
The amount of working natural gas in storage in the United States ended the natural gas injection, or refill, season (April 1–October 31) at 3,920 billion cubic feet (Bcf),
2020, November, 17, 12:55:00
SAUDI ARABIA, UAE NUCLEAR COOPERATION
The UAE's Federal Authority for Nuclear Regulation (FANR) and Saudi Arabia's Nuclear and Radiological Regulatory Commission (NRRC) have agreed to cooperate in nuclear and radiation regulatory matters, and to form topical working groups.
2020, November, 16, 12:40:00
OIL PRICE: ABOVE $43
Brent rose 54 cents, or 1.3%, to $43.32 a barrel. WTI was at $40.76 a barrel, up 63 cents, or 1.6%.
2020, November, 16, 12:35:00
QATAR LNG WILL UP
Qatar currently has an LNG production capacity of some 77 million mt/year, but has plans to boost it to 110 million mt/year by 2025 with the addition of four more trains and to 126 million mt/year by 2027 with the addition of two further trains.
