News
2020, March, 12, 12:45:00
ARAMCO WILL INCREASE TO 13 MBD
Saudi Aramco received a directive from the Ministry of Energy to increase its maximum sustainable capacity (MSC) from 12 million barrels per day (MMBD) to 13 MMBD.
2020, March, 12, 12:40:00
ADNOC CAN SUPPLY 4 MBD
UAE Minister of State and ADNOC Group CEO, Dr. Sultan Ahmed Al Jaber has commented on recent market developments, noting that the UAE oil company is set to supply the market with over four million barrels of oil per day in April 2020.
2020, March, 12, 12:35:00
NORWAY'S FEBRUARY PETROLEUM PRODUCTION 2.1 MBD
Norway's preliminary production figures for February 2020 show an average daily production of 2 106 000 barrels of oil, NGL and condensate,
2020, March, 11, 12:30:00
OIL PRICE: NEAR $37 ANEW
Brent slid $0.41, or 1.1%, to $36.81 a barrel, WTI dropped $0.42, or 1.2%, to $33.94 a barrel.
2020, March, 11, 12:20:00
SAUDI ARABIA, RUSSIA'S OIL UP
The clash of oil titans Saudi Arabia and Russia sparked a 25% slump in crude prices on Monday, triggering panic selling on Wall Street and other equity markets that have already been badly hit by the impact of the coronavirus outbreak.
2020, March, 11, 12:15:00
U.S. OIL DOWN
U.S. shale companies need prices at least in the low $40s to cover costs,
2020, March, 11, 12:10:00
ARAMCO WILL PROVIDE 12.3 MBD
Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day (MMBD) of crude oil in April
2020, March, 11, 12:05:00
U.S. GAS PRODUCTION UP 10%
U.S. natural gas production grew by 9.8 billion cubic feet per day (Bcf/d) in 2019
2020, March, 11, 12:00:00
U.S., CHINA LNG DOWN
Asian LNG prices hit historic lows in February, the benchmark price for spot-traded LNG in Northeast Asia, falling to $2.71/MMBtu on underlying weak Asian demand compounded by mild temperatures and the coronavirus.
2020, March, 11, 11:55:00
U.S., RUSSIA'S LNG COMPETITION
In late February, the Spanish energy companies Repsol SA and Endesa SA rejected a hefty deal on the purchase of 200 million cubic metres of LNG from the biggest US liquefied natural gas exporter Cheniere Energy Inc.
2020, March, 11, 11:50:00
LUKOIL PROFIT UP 3.4%
In 2019, profit attributable to PJSC LUKOIL shareholders amounted to RUB 640.2 bln, 3.4% higher year-on-year. The growth was constrained by higher depreciation and lower non-cash foreign exchange gain.
2020, March, 11, 11:45:00
BRITAIN NEED 50% RENEWABLE
The UK should be running on 50% renewable energy by 2030 to set it on a cost-effective path to the goal of net zero emissions by 2050, according to a report by the National Infrastructure Commission (NIC).
2020, March, 11, 11:40:00
U.S. MICRO NUCLEAR
The US Department of Defense (DOD) has awarded contracts to BWX Technologies Inc, Westinghouse Government Services and X-energy LLC to each begin design work on a mobile nuclear reactor prototype. The engineering design phase of the project will last up to two years, after which one of the three teams may be selected to build and demonstrate a prototype reactor.
2020, March, 10, 13:50:00
OIL PRICE: NEAR $37
Brent were up $1.44, or around 4%, to $35.80 a barrel, after hitting a session high of $37.38 a barrel. WTI gained $1.52, or around 5%, to $32.65 a barrel, after hitting a high of $33.73.
2020, March, 10, 13:35:00
RUSSIA'S OIL PRICE: $25-30
On Friday, Russia refused to sign a deal with OPEC and its non-OPEC allies on additional production cuts for the rest of 2020 to counter the fall in demand caused by the spreading coronavirus outbreak.