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News
2019, July, 20, 12:25:00
ARGENTINA'S GAS PRODUCTION UP
U.S. EIA - Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén Basin’s Vaca Muerta shale and tight gas play. Production from Vaca Muerta surpassed 1.0 billion cubic feet per day (Bcf/d) in December 2018.
News
2019, July, 20, 12:20:00
AUSTRALIA'S LNG EXPORT UP TO 11.4 BCFD
First half production of 37 mmboe was a record for Santos and 32% above the corresponding period.
News
2019, July, 20, 12:15:00
AUSTRALIA'S GAS PRICES: ABOVE
People living on Australia’s east coast (including the states of Victoria, Queensland, New South Wales, and Tasmania; as well as the Australian Capital Territory and Jervis Bay Territory) are paying well above international prices.
News
2019, July, 20, 12:10:00
AUSTRALIA'S SANTOS PRODUCTION UP 32%
First half production of 37 mmboe was a record for Santos and 32% above the corresponding period.
News
2019, July, 20, 12:05:00
INDIA'S RENEWABLE WILL 60%
India is likely to obtain 63% of its installed power capacity from non-fossil fuel sources (including hydro) by 2029-30, according to the Central Electricity Authority (CEA). This would significantly exceed the country’s Paris agreement target of a 40% share of installed power capacity from non-fossil fuel sources by 2030.
News
2019, July, 20, 12:00:00
UZBEKISTAN'S NUCLEAR POWER UP
Uzbekistan has decided it now wants to build four nuclear power units and not just two as previously stated, Alisher Sultanov, the country's energy minister, said in an interview with news agency Kun.uz this week.
News
2019, July, 20, 11:55:00
RUSSIA'S GDP UP 1.2%
Russia's growth is projected at 1.2 percent in 2019, reflecting a weak first quarter estimate, lower oil prices and the impact of the higher VAT rate on private consumption.
News
2019, July, 20, 11:50:00
SAUDI ARABIA GDP UP 1.9%
Saudi Arabia's real non-oil growth is expected to strengthen to 2.9 percent in 2019 as government spending and confidence increase, but real GDP growth is projected to slow to 1.9 percent as real oil growth slows to 0.7 percent with the implementation of the OPEC+ agreement.
News
2019, July, 20, 11:45:00
U.S. INDUSTRIAL PRODUCTION DOWN 1.2%
Industrial production was unchanged in June, as increases for both manufacturing and mining offset a decline for utilities. For the second quarter as a whole, industrial production declined at an annual rate of 1.2 percent, its second consecutive quarterly decrease.
News
2019, July, 20, 11:40:00
ALFANAR RENEWABLE INVESTMENT TO BRITAIN £1 BLN
The Alfanar Group, one of Saudi Arabia’s largest industrial conglomerates, has announced that it will set up a renewable energy office in the UK, through its subsidiary ‘Alfanar Energy UK Ltd.’ The new subsidiary will be headquartered in London, tapping into the UK’s highly skilled workforce and creating up to 30 jobs.
News
2019, July, 20, 11:35:00
U.S. RIGS DOWN 4 TO 954
U.S. Rig Count is down 4 rigs from last week to 954, with oil rigs down 5 to 779, gas rigs up 2 to 174, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 1 rig from last week to 118, with oil rigs down 2 to 83 and gas rigs up 3 to 35.
News
2019, July, 15, 12:00:00
U.S. RIGS DOWN 5 TO 958
U.S. Rig Count is down 5 rigs from last week to 958, with oil rigs down 4 to 784, gas rigs down 2 to 172, and miscellaneous rigs up 1 to 2. U.S. Rig Count is down 5 rigs from last week to 958, with oil rigs down 4 to 784, gas rigs down 2 to 172, and miscellaneous rigs up 1 to 2.
News
2019, July, 12, 08:30:00
OIL PRICE: NEAR $67
Brent for September settlement rose 38 cents, or 0.6%, to $66.90 a barrel on the ICE Futures Europe Exchange. Prices are up 4.2% this week. The global benchmark crude traded at a $6.32 premium to WTI for the same month.
News
2019, July, 12, 08:15:00
ADNOC, RUSSIA INVESTMENT
ADNOC Group CEO Dr. Sultan Al Jaber met with Russian Energy Minister Alexander Novak in Moscow as ADNOC looks to expand its partnership and investment base.
News
2019, July, 12, 08:10:00
GLOBAL OIL DEMAND GROWTH 2019-20: 1.14 MBD
In 2019, the global oil demand growth forecast remains at 1.14 mb/d, with expectations for global oil demand to reach 99.87 mb/d. In 2020, the initial forecast indicates growth of around 1.14 mb/d y-o-y, as global oil demand is anticipated to surpass the 100 mb/d threshold on an annual basis, to average 101.01 mb/d for the year.