News
2019, October, 16, 12:35:00
ADNOC, LUKOIL COOPERATION
The Abu Dhabi Government and the Abu Dhabi National Oil Company, ADNOC, have awarded to a subsidiary of the Russian listed PJSC Lukoil Oil Company, LUKOIL, a five percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma and other offshore sour gas fields in the Emirate of Abu Dhabi. At the same time, ADNOC, LUKOIL, and the Management Company of Russian Direct Investment Fund, RDIF, signed a framework agreement to explore potential future cooperation in relation to the Ghasha concession.
2019, October, 16, 12:30:00
U.S. PRODUCTION: OIL + 58 TBD, GAS + 319 MCFD
Crude oil production from the major US onshore regions is forecast to increase 58,000 b/d month-over-month in October from 8,913 to 8,971 thousand barrels/day, gas production to increase 319 million cubic feet/day from 83,693 to 84,012 million cubic feet/day .
2019, October, 16, 12:20:00
U.S. OIL FOR S.KOREA DOUBLED
South Korea's crude oil imports from the US in September more than doubled from a year earlier, while intakes of Saudi crude dropped 17.6% year on year due to the September 14 attacks on Saudi's major oil facilities,
2019, October, 16, 12:15:00
NORWAY'S SEPTEMBER PRODUCTION 1.574 MBD
Norway's preliminary production figures for September 2019 show an average daily production of 1 574 000 barrels of oil, NGL and condensate, which is a decrease of 86 000 barrels per day compared to August.
2019, October, 16, 12:10:00
IMF: THE GLOBAL ECONOMY SLOWDOWN
Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.
2019, October, 16, 12:05:00
HUNGARY'S GROWTH ABOVE 4%
Hungary's economy is expected to finish 2019 on a strong footing, growing well above 4 percent.
2019, October, 16, 12:00:00
SERBIA'S GDP UP 4%
Hungary's economy is expected to finish 2019 on a strong footing, growing well above 4 percent.
2019, October, 16, 11:55:00
MEXICO'S GROWTH 0.4%
Mexico's economy growth is projected to reach 0.4 percent in 2019, and to accelerate to 1.3 percent in 2020
2019, October, 14, 14:15:00
OIL PRICE: NEAR $59
Brent dropped $1.46 to $59.05 a barrel, WTI lost $1.27 at $53.43 a barrel.
2019, October, 14, 14:10:00
RUSSIA, ARAB STATES COOPERATION
Russian President Vladimir Putin said Sunday that Russia will work with Saudi Arabia and other Arab nations to counter recent instability in the oil markets caused by attacks on energy sites in the Middle East.
2019, October, 14, 14:05:00
UAE, RUSSIA FRIENDSHIP
"UAE-Russia relations are historic and based on ties of friendship, cooperation and respect for common interests. These relations are now further developing across all levels, a reflection of the leaderships keenness to enhance continuous cooperation,"
2019, October, 14, 14:00:00
UAE, RUSSIA TRADE UP 36%
Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, said that the value of non-oil trade between the UAE and Russia over the past five years amounted to US$14.1 billion, while last year’s non-oil trade totalled $3.4 billion, compared to $2.5 billion in 2017, a growth of 36 percent.
2019, October, 14, 13:55:00
UAE, U.S. COOPERATION
UAE is the leading Arab investor in the US, while noting that the value of the non-oil trade doubled over the past decade, reaching some AED90 billion (US$24.5 billion) in 2018, and explaining that the UAE trades with almost all US states, especially Washington, California, Texas, Florida and New York.
2019, October, 14, 13:50:00
GECF: GLOBAL RECESSION
The global economy has started to slow down in 2019, reflecting an impact from USChina trade tensions, as well as the economic cycle in the US.
2019, October, 14, 13:45:00
CHINA'S OIL IMPORTS UP 11%
China's crude oil imports jumped 10.8% year on year to hit 10.08 million b/d in September, crossing over 10 million b/d mark again since April,