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News
2019, April, 10, 11:40:00

OIL PRICE: ABOVE $70 ANEW

Oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela.

News
2019, April, 10, 11:35:00

OIL PRICES 2019-20: $65-$62

Brent crude oil spot prices averaged $66 per barrel (b) in March, up $2/b from February 2019. Brent prices for the first quarter of 2019 averaged $63/b, which is $4/b lower than the same period in 2018. Despite lower crude oil prices than last year, Brent prices in March were $9/b higher than in December 2018, marking the largest December-to-March price increase since December 2011 to March 2012.

News
2019, April, 10, 11:25:00

OIL MARKET HEALTH

The kingdom will pump about 9.8 million barrels a day in March and April and export less than 7 million barrels daily in both months, Al-Falih said in March. Saudi Arabia has a production target of 10.3 million barrels a day.

News
2019, April, 10, 11:20:00

GLOBAL OIL STOCKS 2.88 BBL

According to OPEC's latest monthly oil market report, global oil inventories stood at 2.88 billion barrels in January, about 19.1 million barrels above the five-year average that OPEC is targeting with its current output policy.

News
2019, April, 10, 11:10:00

U.S. OIL PRODUCTION 10.96 MBD

Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels. In December 2018, monthly U.S. crude oil production reached 11.96 million b/d, the highest monthly level of crude oil production in U.S. history.

News
2019, April, 10, 11:05:00

IRAN'S OIL RECOVERY

PLATTS - Iranian oil exports, which have been laboring under US sanctions since late last year, have recovered close to prior levels, supported by unflinching demand from China and South Korea, data from shipping sources and provisional tanker tracking data showed Tuesday.

News
2019, April, 10, 10:55:00

BULGARIA'S TURKSTREAM

Bulgaria, which is heavily dependent on Russian gas for its domestic needs, will lose hefty transit fees when TurkStream becomes operational at the end of this year and Gazprom stops its gas deliveries to Turkey, Greece and Macedonia via Bulgaria in 2020.

News
2019, April, 10, 10:50:00

ARAMCO SELLS $12 BLN

REUTERS - Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant which has faced investor concerns about government influence over the company.

News
2019, April, 10, 10:45:00

RUSSIA'S GAS FOR FRANCE +58%

It was noted that France ranks among Gazprom's key markets in Europe. The Company's gas exports to the country grew by 58 per cent in five years, reaching 12.9 billion cubic meters in 2018.

News
2019, April, 10, 10:40:00

U.S. SHALE OIL JOBS CUTS

Having slashed spending plans and run out of willing buyers for assets, some U.S. shale producers are turning to workforce cuts as investors step up demands for returns.

News
2019, April, 10, 10:35:00

PAKISTAN'S ECONOMY WILL UP 3.4%

Pakistan’s economic growth will decelerate to 3.4 percent in FY19 and 2.7 percent in FY20, as fiscal and monetary policies are tightened to address macroeconomic imbalances.

News
2019, April, 10, 10:30:00

CANADA'S LNG FOR JAPAN

Japan’s JERA, the world’s top buyer of liquefied natural gas, on Tuesday said it had signed an agreement with a Mitsubishi Corp unit to buy up to 16 cargoes, or 1.2 million tonnes per annum (mtpa), of LNG from the LNG Canada project.

News
2019, April, 8, 12:10:00

OIL PRICE: ABOVE $70

Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well as strong U.S. jobs data.

News
2019, April, 8, 11:55:00

RUSSIA'S ARCTIC ENERGY UP

No project better symbolizes Russia ambitions in the Arctic than Yamal LNG. The project cost $27 billion to construct, excluding the adjacent infrastructure paid for by the Russian Federation.

News
2019, April, 8, 11:50:00

GAZPROM'S BLOCKCHAIN

GAZPROM - As for digitalization, we are working towards it, specifically towards the digitalization of the gas supply process and the implementation of the distributed ledger technology in our operations.

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