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News
2019, August, 30, 10:05:00
PETROCHINA NET PROFIT UP 3.6%
Net profit attributable to owners of the Petrochina was RMB28,423 million, up 3.6% year-on-year.
News
2019, August, 30, 10:00:00
TechnipFMC CREATE TWO COMPANIES
TechnipFMC plc (NYSE: FTI) (Paris: FTI) announced its Board of Directors has unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development; and SpinCo, a leading engineering and construction (E&C) player, poised to capitalize on the global energy transition.
News
2019, August, 28, 13:05:00
OIL PRICE: NEAR $60 AGAIN
Brent crude futures LCOc1 climbed 59 cents, or 1.0%, to $60.10 a barrel by 0652 GMT. West Texas Intermediate (WTI) crude futures CLc1 gained 70 cents, or 1.3%, to $55.63 a barrel.
News
2019, August, 28, 13:00:00
OPEC CONFORMITY 159%
The JMMC noted the overall conformity of 159% in July 2019 was 22 pp higher than in June 2019, and the average conformity of 134% since January 2019 was the highest to date in 2019. This high level of overall conformity has offset uncertainty in the market due to ongoing economic growth worries.
News
2019, August, 28, 12:55:00
СИСТЕМНОЕ СОТРУДНИЧЕСТВО РОССИИ И ТУРЦИИ
Встречные инвестиции России и Турции достигли $20 млрд,
News
2019, August, 28, 12:50:00
RUSSIA'S COAL: UP TO 550 MMT
Russian thermal coal production is set to grow over 100 million mt by 2035, as the country looks to invest in new coal infrastructure and focus increasingly on the growing Asia-Pacific region, President Vladimir Putin said in a meeting with heads of coal mining regions last week.
News
2019, August, 28, 12:45:00
CHINA'S COAL IMPORTS UP
China's July thermal coal imports, including lignite, jumped 20% from 20.44 million mt a year ago to 24.42 million mt,
News
2019, August, 28, 12:40:00
U.S., CHINA ESCALATION: $550 BLN
The US will raise the tariff on $250 billion worth of Chinese imports from 25% to 30% on October 1, and raise the current 10% tariff on another $300 billion of Chinese imports to 15% on September 1,
News
2019, August, 28, 12:35:00
U.S. LNG FOR LATIN AMERICA UP
Feedgas flows to US LNG export terminals reached a new record of 6.5 Bcf/d on Friday, subject to revisions, amid robust demand in Latin America and positive netback spreads that are expected to strengthen into October,
News
2019, August, 28, 12:30:00
IRAN'S OIL FOR CHINA UP
China's crude oil imports from Iran rose 4.7% month on month to 926,119 b/d in July, while the US ranked as the eighth largest crude supplier as shipments surged to a 13-month high of 362,364 b/d,
News
2019, August, 28, 12:25:00
U.S. COAL PRODUCTION DOWN
Coal use in the U.S. electric power sector has decreased as overall electricity demand has remained relatively flat and other fuels—particularly natural gas and renewables—have gained market share.
News
2019, August, 28, 12:20:00
STRATEGIC BAB EL-MANDEB
The Bab el-Mandeb Strait is a sea route chokepoint between the Horn of Africa and the Middle East, connecting the Red Sea to the Gulf of Aden and Arabian Sea. Most exports of petroleum and natural gas from the Persian Gulf that transit the Suez Canal or the SUMED Pipeline pass through both the Bab el-Mandeb and the Strait of Hormuz.
News
2019, August, 28, 12:15:00
NORWAY'S FUND INVESTMENT FOR U.S.
Norway’s $1 trillion sovereign wealth fund should shift billions in investments from European stock markets and instead invest more in the United States and other North American markets to seek higher returns, the fund’s manager recommended on Tuesday.
News
2019, August, 28, 12:10:00
BP SELLS ALASKA FOR $5.6 BLN
BP announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in the state for a total consideration of $5.6 billion.
News
2019, August, 26, 15:55:00
OIL PRICE: NEAR $60 YET
Brent was up 38 cents, or 0.64%, at $59.72 a barrel, WTI was up 54 cents, or 1%, at $54.71 a barrel.