2019, August, 16, 10:30:00ZOHR GAS OUTPUT UP TO 11.3 BCM
In H1 2019, the production on the Zohr field amounted to 11.3 bcm of gas, which is 3.6 times more than in the same period last year.
2019, August, 16, 10:25:00U.S. GAS PRODUCTION UP
U.S. natural gas production continued to increase in August despite relatively low natural gas spot prices
2019, August, 14, 12:20:00CHINA'S OIL THROUGHPUT UP 5.6%
For the first seven months of 2019, Chinese crude throughput rose 5.6% from a year earlier to 369.73 million tonnes, or 12.73 million bpd, the NBS reported.
2019, August, 13, 13:25:00U.S. PRODUCTION: OIL + 85 TBD, GAS + 729 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 85,000 b/d month-over-month in August from 8,683 to 8,768 thousand barrels/day, gas production to increase 729 million cubic feet/day from 80,866 to 81,595 million cubic feet/day .
2019, August, 13, 13:15:00AUSTRALIA'S LNG UP
U.S. EIA - Australia’s LNG export capacity increased from 2.6 billion cubic feet per day (Bcf/d) in 2011 to more than 11.4 Bcf/d in 2019.
2019, August, 13, 13:10:00LUKOIL'S PRODUCTION 2.3 MBD
For the six months of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,352 thousand boe per day, which is 2.8% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil production growth in Russia due to change in terms of the external limitations of Russian companies' production volumes.
2019, August, 12, 13:25:00UNCERTAINT OIL DEMAND GROWTH
Now, the situation of the oil demand growth is becoming even more uncertain: the US-China trade dispute remains unresolved and in September new tariffs are due to be imposed.
2019, August, 12, 13:20:00U.S. GAS DEMAND UP
U.S. natural gas demand is rising as power generators shut coal plants and burn more gas for electricity and as rapidly expanding liquefied natural gas (LNG) terminals turn more of the fuel into super-cooled liquid for export.
2019, August, 12, 13:10:00LNG FOR EUROPE DOWN 28%
European LNG imports in July fell 27.6% month on month to 6.8 Bcm due to weaker European pricing and a turndown in Qatari production, but a rebound in flows is expected in September
2019, August, 12, 12:40:00U.S. RIGS DOWN 8 TO 934
U.S. Rig Count is down 8 rigs from last week to 934, with oil rigs down 6 to 764, gas rigs down 2 to 169, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 3 rigs from last week to 140, with oil rigs up 3 to 94 and gas rigs unchanged at 46.
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, 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, 11:00:00WORLDWIDE 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, 12:20:00OIL 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.