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News
2019, March, 20, 10:05:00

PETROBRAS WILL SELL $10 BLN

Brazilian state-led oil producer and refiner Petrobras expects to ramp up its divestments in the near term, with a series of deals expected to close by the end of April, according to Chief Executive Roberto Castello Branco.

News
2019, March, 20, 10:00:00

SAUDI ARABIA INVESTMENT $23 BLN

Saudi Arabia said on Tuesday it would spend 86 billion riyals ($23 billion) to boost the quality of life in the capital Riyadh, increasing green space and recreational areas and installing 1,000 works of art across the city.

News
2019, March, 18, 13:30:00

OIL PRICE: NEAR $67 YET

Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.

News
2019, March, 18, 13:20:00

OPEC+ WILL CUT

Saudi Arabia’s energy minister said on Monday that he was confident that OPEC and its non-OPEC partners will reach full conformity with cuts, and even exceed it, in weeks to come.

News
2019, March, 18, 13:15:00

OPEC+ JOB NOT ENOUGH

Saudi Arabia said on Sunday OPEC’s job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signaling it may need to expand output cuts into the second half of 2019.

News
2019, March, 18, 13:10:00

BRENT OIL: UNDERVALUED

In the context of supply and demand balance,the current price of BRENT oil is undervalued.Neither OPEC nor the IEA has considerably brought down their forecasts for global oil demand in the current year.

News
2019, March, 18, 13:00:00

U.S., RUSSIA SANCTIONS FOREVER

U.S. DT - the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six Russian individuals and eight entities in response to Russia’s continued and ongoing aggression in Ukraine.

News
2019, March, 18, 12:55:00

SHAKY INDIA'S LNG

India’s demand for liquefied natural gas (LNG) is set to rise by about 10 percent this year even as the country adds import capacity at a faster clip, because infrastructure constraints keep gas from getting to consumers and hinder growth rates.

News
2019, March, 18, 12:50:00

RUSSIAN GAS FOR FRANCE

In 2018, Gazprom increased gas exports to France by 5.4 per cent as compared to 2017 – up to 12.9 billion cubic meters. This upward trend has remained throughout early 2019: according to provisional estimates, Gazprom exported 2.5 billion cubic meters of gas from January 1 to March 14, 2019, showing a 1.9 per cent increase compared to the same period of 2018.

News
2019, March, 18, 12:45:00

UAE RENEWABLE ENERGY

Abu Dhabi is one of the most important examples of a city that is creatively seeking to strengthen its renewable energy sector.

News
2019, March, 18, 12:40:00

NORWAY'S PRODUCTION 1.7 MBD

NPD - Preliminary production figures for February 2019 show an average daily production of 1 745 000 barrels of oil, NGL and condensate, which is a decrease of 75 000 barrels per day compared to January.

News
2019, March, 18, 12:35:00

U.S. GDP UP 3.1%

U.S. DT - During 2018, real GDP increased by 3.1 percent measured from the fourth quarter of 2017 to the fourth quarter of 2018.

News
2019, March, 18, 12:30:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in February after decreasing 0.4 percent in January.

News
2019, March, 18, 12:25:00

POLAND NEED $

OGJ - Stephen Blank, senior fellow for Russia at the American Foreign Policy Council, said, “Nord Stream 2 clearly is a threat to Europe, which is why the Trump administration opposes it. We have now threatened that if Nord Stream 2 is built, the US will impose sanctions not just on the project, but also on the contractors.”

News
2019, March, 18, 12:20:00

U.S. RIGS DOWN 1 TO 1,026

BHGE -U.S. Rig Count is down 1 rig from last week to 1,026 rigs, with oil rigs down 1 to 833 and gas rigs unchanged at 193. Canada Rig Count is down 28 rigs from last week to 161, with oil rigs down 20 to 98 and gas rigs down 8 to 63.

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OIL (928)
GAS (715)
RUSSIA (454)
GAZPROM (201)
ROSNEFT (165)
U.S. (163)
CHINA (155)
PRICES (116)
LNG (106)
OPEC (103)