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2019, December, 6, 14:10:00
OIL PRODUCTION: MINUS 500 TBD
The group of more than 20 producers is considering an extra 500,000 barrels per day (bpd) in cuts for the first quarter of 2020 to take the total to 1.7 million bpd, or 1.7% of global demand, Russian energy minister Alexander Novak said
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2019, December, 4, 12:15:00
U.S. SHALE OVER
They believe relentless US oil production growth will slow rapidly next year.
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2019, December, 4, 11:45:00
ARAMCO NEED CUTTING
Russia, a key non-OPEC ally, has so far opposed deeper cuts or a longer extension. But Moscow has often taken a tough stance before every meeting before approving the policy. Sources said Saudi Arabia was working on convincing Russia.
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2019, December, 2, 14:15:00
5TH SUMMIT GECF DECLARATION
The essential role of natural gas in the attainment of UN Sustainable Development Goals, in particular Goal 7, as an environmentally friendly, affordable, reliable, accessible and flexible natural resource for ensuring economic development and social progress
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2019, December, 2, 14:00:00
RUSSIA'S OIL PRODUCTION 11.244 MBD
Russia agreed to reduce its output by 228,000 bpd to about 11.18 million bpd in 2019 as part of cuts by the group of producers, known as OPEC+, which agreed to cut their combined output by 1.2 million bpd or 1.2% of global demand.
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2019, November, 29, 15:10:00
U.S. RIGS DOWN 1 TO 802
U.S. Rig Count is down 1 rig from last week to 802, Canada Rig Count is down 11 rigs from last week to 126
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2019, November, 25, 12:25:00
U.S. RIGS DOWN 3 TO 803
U.S. Rig Count is down 3 rigs from last week to 803, Canada Rig Count is up 3 rigs from last week to 137,
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2019, November, 22, 12:00:00
INDIA'S OIL DEMAND UP 3%
Oil demand in India is projected to rise by 3.21 percent this year to 4.88 million barrels per day (mb/d), and further by 3.36 percent to 5.05 mb/d by next year, exceeding the 2.37 percent oil demand growth by China, according to the latest Oil Market Report by OPEC.
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2019, November, 20, 11:50:00
U.S. PRODUCTION: OIL + 49 TBD, GAS + 263 MCFD
Crude oil production from the major US onshore regions is forecast to increase 49,000 b/d month-over-month in November from 9,084 to 9,133 thousand barrels/day, gas production to increase 263 million cubic feet/day from 84,930 to 85,193 million cubic feet/day .
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2019, November, 20, 11:35:00
UAE COMMITTED TO OPEC+
Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, has re-affirmed the UAE's commitment to voluntary production adjustments under the agreement of the Organisation of Petroleum Exporting Countries and non-OPEC producers in support of the stability of the global oil market.
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2019, November, 20, 10:55:00
NORWAY'S OCTOBER PRODUCTION 1.828 MBD
Norway's preliminary production figures for October 2019 show an average daily production of 1 828 000 barrels of oil, NGL and condensate, ,which is an increase of 264 000 barrels per day compared to September.
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2019, November, 18, 12:35:00
U.S. RIGS DOWN 11 TO 806
U.S. Rig Count is down 11 rigs from last week to 806, Canada Rig Count is down 6 rigs from last week to 134
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2019, November, 15, 14:20:00
OIL PRICES 2019-20: $64-$60
Brent crude oil spot prices averaged $60 per barrel (b) in October, down $3/b from September and down $21/b from October 2018. EIA forecasts Brent spot prices will average $60/b in 2020, down from a 2019 average of $64/b. EIA forecasts that West Texas Intermediate (WTI) prices will average $5.50/b less than Brent prices in 2020. EIA expects crude oil prices will be lower on average in 2020 than in 2019 because of forecast rising global oil inventories, particularly in the first half of next year.
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2019, November, 15, 14:10:00
CHINA'S OIL THROUGHPUT UP TO 13.68 MBD
Crude oil throughput at China's domestic refineries jumped 9.2% year on year in October, to breach the 13 million b/d mark for the second time ever, at 13.68 million b/d,
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2019, November, 13, 12:30:00
EXXON'S INVESTMENT FOR UAE $6.5 BLN
ExxonMobil has invested around US$6.5 billion in Upper Zakum oilfield since its involvement in the offshore field in 2006, according to Christian G. Lenoble, President and UAE Lead Country Manager of Exxon (Al-Khalij) Inc.