2019, August, 9, 13:10:00ARAMCO STABILIZE OIL MARKET
Saudi Aramco will cut customer allocations across all regions by a total of 700,000 barrels a day next month,
2019, August, 9, 13:05:00NORD STREAM 2 DELAY: $740 MLN
The 1,230-km (765-mile) Nord Stream 2 pipeline, now under construction, has come under fire from the United States and several eastern European, Nordic and Baltic countries, which say the conduit will increase Europe’s reliance on Russian gas.
2019, August, 9, 13:00:00OCCIDENTAL, ANADARKO TRANSACTION: $55 BLN
Occidental Petroleum Corporation ("Occidental" or "the Company") (NYSE: OXY) today announced the successful completion of its acquisition of Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC) in a transaction valued at $55 billion, including the assumption of Anadarko’s debt.
2019, August, 8, 11:25:00OIL PRICE: BELOW $58
Brent crude had rebounded to $57.81 a barrel, up $1.58, or 2.81%, from its last close by 0634 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $1.61, or 3.15%, to $52.70 a barrel.
2019, August, 8, 11:20:00CHINA'S OIL IMPORTS UP 14%
China's arrivals of crude oil last month were 41.04 million tonnes, equivalent to 9.66 million barrels per day (bpd)
2019, August, 8, 11:15:00TURKEY, RUSSIA COOPERATION
Russia expressed its readiness to cooperate with Turkey in its oil and gas explorations in the eastern Mediterranean.
2019, August, 8, 11:10:00TURKEY, CYPRUS COOPERATION
Turkey has made continuous efforts to protect its sovereign rights and the rights of Turkish Cypriots in the Eastern Mediterranean region, where it has been drilling in its exclusive economic zone (EEZ), which was registered with the United Nations in 2004.
2019, August, 8, 11:05:00INDIA'S DOWNSTREAM PROJECT UP TO $60 BLN
The new cost estimate of $60 billion for the refinery was given to Saudi Arabia’s energy minister Khalid al-Falih at a meeting with Indian Oil Minister Dharmendra Pradhan last month in New Delhi, said the four sources familiar with the talks between the two ministers.
2019, August, 8, 11:00:00WORLDWIDE RIG COUNT UP 17 TO 2,238
The worldwide rig count for July 2019 was 2,238, up 17 from the 2,221 counted in June 2019, and down 13 from the 2,251 counted in July 2018.
2019, August, 7, 12:25:00OIL PRICE: BELOW $59
Brent crude futures LCOc1 were down 11 cents, or nearly 2%, at 0823 GMT to set a fresh seven-month low. Prices have lost more than 20% since hitting their 2019 peak in April. U.S. West Texas Intermediate (WTI) crude futures CLc1 were flat at $53.63.
2019, August, 7, 12:20:00OIL PRICES 2019-20: $64-65
Brent crude oil spot prices averaged $64 per barrel (b) in July, almost unchanged from the average in June 2019 but $10/b lower than the price in July of last year. EIA forecasts Brent spot prices will average $64/b in the second half of 2019 and $65/b in 2020. The forecast of stable crude oil prices is the result of EIA’s expectations of a relatively balanced global oil market. EIA forecasts global oil inventories will increase by 0.1 million barrels per day (b/d) in 2019 and 0.3 million b/d in 2020.
2019, August, 7, 12:15:00OPEC OIL PRODUCTION 29.88 MBD
OPEC saw output slide to 29.88 million b/d last month, a fall of 210,000 b/d from June, despite output gains by six of its members
2019, August, 7, 12:10:00IRAQ'S OIL PRODUCTION 4.62 MBD
Iraq's crude oil production in July rose to 4.62 million b/d, the country's State Oil Marketing Organization said late Sunday, its highest monthly output figure since January 2017, according to official data.
2019, August, 7, 12:05:00CHINA'S COAL UP
Long-term cuts in coal consumption are a key part of China’s energy, environment and climate goals, but the fivefold increase in new mine approvals in the first-half of 2019 suggests China’s targets still provide ample room for shorter-term growth.
2019, August, 7, 12:00:00INDONESIA'S GAS EXPORTS DOWN
Indonesia's natural gas exports, including both pipeline and LNG, are expected to fall to a two-decade low in 2019, marking the furthest it has dropped since peaking in the late 1990s, on the back of depleting gas fields and the lack of new upstream projects.