Upstream
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.
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 .
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.
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.
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
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.
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,
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.
2019, November, 13, 12:20:00
LUKOIL PRODUCTION +1.6%
For the nine months of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project amounted to 2,337 thousand boe per day, which is 1.6% higher year-on-year.
2019, November, 11, 13:10:00
THE NEW IRAN'S OILFIELD 53 BBL
Speaking in the southern province of Yazd on Sunday, Dr. Rouhani said that the field’s reserves were estimated to contain 53 billion barrels of oil in place.
2019, November, 11, 12:40:00
U.S. RIGS DOWN 5 TO 817
U.S. Rig Count is down 5 rigs from last week to 817, Canada Rig Count is down 2 rigs from last week to 140,
2019, November, 8, 10:25:00
WORLDWIDE RIG COUNT DOWN 18 TO 2,123
The worldwide rig count for October 2019 was 2,123, down 18 from the 2,141 counted in September 2019, and down 148 from the 2,271 counted in October 2018.
2019, November, 6, 13:00:00
OPEC'S SHARE WILL DOWN
OPEC’s production of crude oil and other liquids is expected to decline to 32.8 million barrels per day (bpd) by 2024,
2019, November, 6, 12:20:00
ROSNEFT'S PRODUCTION 5.78 MBD
9M 2019 AVERAGE DAILY HYDROCARBON PRODUCTION AMOUNTED TO 5.78 MMBOED, INCREASING BY 0.6% YOY
2019, November, 5, 14:55:00
ОПЕК+ РОССИЯ НА УРОВНЕ
В рамках ОПЕК+ Россия в октябре вышла на уровень сокращения добычи нефти в 211 тбс относительно уровня октября 2018. Об этом рассказал Министр энергетики Российской Федерации Александр Новак.