2019, July, 12, 08:10:00GLOBAL OIL DEMAND GROWTH 2019-20: 1.14 MBD
In 2019, the global oil demand growth forecast remains at 1.14 mb/d, with expectations for global oil demand to reach 99.87 mb/d. In 2020, the initial forecast indicates growth of around 1.14 mb/d y-o-y, as global oil demand is anticipated to surpass the 100 mb/d threshold on an annual basis, to average 101.01 mb/d for the year.
2019, July, 12, 08:00:00GAZPROM'S NEW RECORD 406 MLN M3
Russian gas sales on Gazprom Export's Electronic Sales Platform (ESP) surged to another new record high on Wednesday, with a colossal 406 million cu m sold in the latest auction.
2019, July, 10, 12:50:00OIL PRICES 2019-20: $67 ANEW
The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.
2019, July, 9, 17:05:00TURKEY, RUSSIA STRATEGIC PARTNERSHIP
The natural gas pipeline project TurkStream, which will carry Russian gas to Turkey and Europe, as well as Turkey's first nuclear power Akkuyu, currently under construction by the Russian firm Rosatom, are two prominent strategic projects.
2019, July, 9, 17:00:00UKRAINE'S GAS TRANSIT UP
Ukraine in January-June 2019 increased transit of natural gas through its gas transportation system (GTS) by 6.1% (by 2.591 billion cubic meters) compared to the same period of 2018, to 45.079 billion cubic meters, according to recent data from JSC Ukrtransgaz.
2019, July, 9, 16:50:00U.S. LNG DEMAND UP
Demand hit a single-day record high just below 6.4 Bcf/d on July 4 and was estimated at just under that level Monday, data compiled by S&P Global Platts Analytics shows.
2019, July, 9, 16:45:00AUSTRALIA'S COAL TO CHINA UP
A total of 6.43 million mt were exported from Gladstone, up 2% year on year and 8% month on month, and the highest monthly volume since the 6.45 million mt seen in January, GPC figures showed.
2019, July, 8, 12:40:00BRITAIN FREEZES NORD STREAM
Ukraine and Russia have been in dispute over gas issues for years, which escalated after a pro-Russian leader of Ukraine was toppled in 2014.
2019, July, 8, 12:35:00UKRAINE'S GAS RESERVES UP
The head of state-run energy firm Naftogaz, Andriy Kobolev, has said that Ukraine needs to increase its gas reserves by 18% this year to cover its winter needs and to guarantee transit to European consumers.
2019, July, 8, 12:30:00GAZPROM'S SALES RECORD 229 MLN M3
The 229 million cu m sold Thursday is about half the average daily flows of total Russian gas to Europe last month of around 464 million cu m.
2019, July, 5, 11:40:00RUSSIA'S OIL FOR CHINA UP AGAIN
June oil imports from Russia to China were up 31.7% on month from 1.76 million mt in May, hitting a five-month high, and also 124% higher from a year earlier.
2019, July, 5, 11:35:00U.S., BRITAIN IRAN SANCTIONS
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West.
2019, July, 5, 11:30:00U.S., VENEZUELA, CUBA SANCTIONS
The United States has targeted Cuba’s state-run company Cubametales as part of its Venezuela-related sanctions, according to a notice posted on the U.S. Treasury Department’s website on Wednesday.
2019, July, 4, 16:20:00U.S. OIL INVENTORIES DOWN 1.1 MB TO 468.5 MB
US crude oil inventories for the week ended June 28, excluding the Strategic Petroleum Reserve, decreased by 1.1 million bbl from the previous week, according to data from the US Energy Information Administration.
2019, July, 4, 16:00:00TURKMEN GAS FOR GAZPROM
the Gazprom Group signed a five-year contract to purchase natural gas from Turkmengas (for the period through June 30, 2024).