Upstream
2020, August, 20, 14:20:00
OIL DEMAND 97%
it is estimated that the world will reach about 97% of pre-pandemic oil demand during the fourth quarter
2020, August, 19, 12:35:00
OIL PRICE: NEAR $45 STILL
Brent fell 40 cents, or 0.9%, to $45.06 a barrel, WTI were down 34 cents, or 0.8%, at $42.55 a barrel
2020, August, 18, 12:45:00
OIL PRICE: NOT ABOVE $46
Brent was down 18 cents, or 0.4%, at $45.19 a barrel, WTI was down 26 cents, or 0.6%, at $42.63 a barrel.
2020, August, 18, 12:30:00
U.S. PRODUCTION: OIL (-19) TBD, GAS (-421) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 19,000 b/d month-over-month in August from 7,577 to 7,558 thousand barrels/day, gas production to decrease 421 million cubic feet/day from 79,684 to 79,263 million cubic feet/day .
2020, August, 17, 12:55:00
OIL PRICE: NOT ABOVE $45 ANEW
Brent was down 3 cents, or 0.1%, to $44.77 a barrel, WTI was up 3 cents, or 0.1%, to $42.04 a barrel.
2020, August, 17, 12:02:00
U.S. RIGS DOWN 3 TO 244
U.S. Rig Count is down 3 from last week at 244, Canada Rig Count is up 7 rigs from last week to 54
2020, August, 14, 12:00:00
OIL PRICE: NOT ABOVE $45
Brent was 29 cents, or 0.7%, lower at $44.67, WTI slipped 25 cents, or 0.6%, to $41.99.
2020, August, 14, 11:50:00
MOZAMBIQUE'S GAS CAPTURE
Mozambique's defence forces (FDS) confirmed "terrorists" launched "sequenced attacks" on several villages surrounding the port over the past week in an attempt to occupy the town.
2020, August, 13, 13:50:00
OIL PRICE: ABOVE $45 YET
Brent fell 7 cents, or 0.1%, to $45.36 a barrel, WTI was down 3 cents, or 0.1%, to $42.64 a barrel.
2020, August, 13, 13:45:00
OIL DEMAND WILL UP BY 7 MBD
For 2021, world oil demand growth is forecast to rise by 7.0 mb/d,
2020, August, 13, 13:40:00
OIL PRICES 2020-21: $43-$50
monthly Brent spot prices will average $43/b during the second half of 2020 and rise to an average of $50/b in 2021.
2020, August, 13, 13:35:00
U.S. OIL INVENTORIES DOWN BY 4.5 MB TO 514.1 MB
U.S. commercial crude oil inventories decreased by 4.5 million barrels to 514.1 million barrels,
2020, August, 12, 14:20:00
OIL PRICE: ABOVE $45 ANEW
Brent was up 67 cents, or 1.5%, at $45.17 a barrel, WTI was up 65 cents, or 1.6%, at $42.26 a barrel
2020, August, 12, 14:00:00
U.S. FRACKING IS IMPORTANT
A ban on fracking may sound noble in some circles, but far from being a practical and permanent solution, it may pose significant impediments to energy generation in the United States and the national economy.
2020, August, 11, 14:05:00
OIL PRICE: ABOVE $45
Brent added 29 cents, or 0.6%, to $45.28 a barrel , WTI rose 38 cents, or 0.9%, to $42.32 a barrel.