News
2018, November, 19, 11:15:00
U.S. INDUSTRIAL PRODUCTION UP 0.1%
U.S. FRB - Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially.
2018, November, 19, 11:10:00
GREEN NUCLEAR ENERGY
WNN - "nuclear energy is a "mature, low greenhouse gas emission source of baseload generation that could make an increasing contribution to global development based on low-carbon energy supply".
2018, November, 19, 11:05:00
SAUDIS, PAKISTAN INVESTMENT: $6 BLN
ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.
2018, November, 19, 11:00:00
U.S. RIGS UP 1 TO 1,082
BHGE - U.S. Rig Count is up 1 rig from last week to 1,082, with oil rigs up 2 to 888 and gas rigs down 1 to 194. Canada Rig Count is up 1 rig from last week to 197, with oil rigs up 1 to 118 and gas rigs unchanged at 79.
2018, November, 16, 10:10:00
OIL PRICE: NEAR $67 YET
REUTERS - U.S. West Texas Intermediate (WTI) crude oil futures were at $56.84 per barrel at 0353 GMT, up 38 cents, or 0.7 percent, from their last settlement. Brent crude oil futures were up 48 cents, or 0.7 percent, at $67.10 per barrel.
2018, November, 16, 09:35:00
RUSSIAN ENERGY FOR ASIA
PLATTS - Asia is a growing market for Russian energy, including LNG, and a potential source of investment for the world's largest producer of resources and minerals. The Kremlin has increasingly looked to build its presence in the Asian region following the imposition of tough sanctions by the US on Russia.
2018, November, 16, 09:30:00
SAUDIS ARE ANGRY
REUTERS - “The Saudis are very angry at Trump. They don’t trust him any more and feel very strongly about a cut. They had no heads-up about the waivers,” said one senior source briefed on Saudi energy policies.
2018, November, 16, 09:25:00
RUSSIA, OPEC COOPERATION
PLATTS - "It is obvious that we need to cooperate with Saudi Arabia, and we are going to cooperate with Saudi Arabia. OPEC plus has been very positive, and we see that in the market situation," Putin told reporters in Singapore during a briefing broadcast on Russia 24.
2018, November, 16, 09:20:00
U.S. FINANCIAL RISKS
U.S. OFR - The U.S. Office of Financial Research (OFR) released its 2018 Annual Report to Congress, stating that risks to U.S. financial stability remain in the medium range, reflecting a mix of high, moderate, and low risks to the financial system.
2018, November, 16, 09:15:00
U.S. WANTS EUROPE
OGJ - “Nord Stream 2 and Turkish Stream are not commercial projects as their proponents proclaim,” Perry said. “They are naked political gambits aimed at driving a wedge between Europeans. They would increase Russia’s leverage over Europe’s foreign policy, and Europe’s vulnerability to a supply disruption.”
2018, November, 16, 09:10:00
U.S. OIL INVENTORIES UP
U.S. EIA - U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 10.3 million barrels from the previous week.
2018, November, 16, 09:05:00
JAPAN, U.S. NUCLEAR COOPERATION
WNN - The countries intend to cooperate in areas including nuclear research and development, including innovative reactors. They plan to discuss mid- to long-term planning to create private sector-led innovation, as well as encourage the private sector and university researchers to develop advanced reactors.
2018, November, 16, 09:00:00
FRENCH NUCLEAR POWER: 396 TWH
PLATTS - French nuclear performance has improved following a near-record low 379 TWh in 2017, but this is still only the fourth time this century for annual output below 400 TWh for the current fleet of 58 reactors.
2018, November, 15, 15:47:00
OPEC: OIL DEMAND 2019: 100 MBD
OPEC - In 2018, oil demand growth is anticipated to increase by 1.50 mb/d y-o-y, a downward revision from the previous month of 40 tb/d, mainly due to weaker-than-expected oil demand data from the Middle East and, to a lesser extent, China during 3Q18. Expected total oil demand for the year is anticipated to reach 98.79 mb/d. In 2019, world oil demand growth is forecast to grow by 1.29 mb/d y-o-y, about 70 tb/d lower than last month’s projection, with total world consumption to reach 100.08 mb/d.
2018, November, 14, 12:25:00
OIL PRICE: NEAR $65
REUTERS - U.S. West Texas Intermediate (WTI) crude oil futures were at $55.52 per barrel at 0732 GMT, down 17 cents, or 0.3 percent, from their last settlement. International benchmark Brent crude oil futures LCOc1 were down 9 cents at $65.38 per barrel.