Upstream
2021, April, 13, 12:45:00
NOVATEK PRODUCTION +5.3%
In the first quarter 2021, NOVATEK’s hydrocarbon production totaled 158.1 million barrels of oil equivalent (boe), including 20.15 billion cubic meters (bcm) of natural gas and 3,129 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 7.9 million boe, or by 5.3% as compared with the first quarter 2020.
2021, April, 12, 10:38:47
OIL PRICE: NEAR $63 STILL
Brent was up 2 cents at $62.97 a barrel. WTI gained 1 cent to $59.49 a barrel.
2021, April, 12, 10:20:00
OPEC+ OIL PRODUCTION UP 450 TBD
With the production gains, OPEC+ compliance with its quotas slipped to 111% in March, compared with 113.5% in February, juiced by Saudi Arabia voluntarily cutting an additional 1 million b/d since January.
2021, April, 12, 10:15:00
U.S. OIL TAX BREAKS $35 BLN
Removing this specific tax measure could generate US$13bn over 10 years. Overall, eliminating fossil fuel subsidies could increase government receipts by US$35bn over 10 years.
2021, April, 12, 09:50:00
IRAN, U.S. TALKS
Iran has insisted that the US drop all the sanctions it unilaterally imposed after withdrawing from the deal in 2018, while US officials have maintained that Iranian nuclear violations of the agreement must be rectified first.
2021, April, 12, 09:30:00
U.S. RIGS UP 2 TO 432
U.S. Rig Count is up 2 from last week at 432, Canada Rig Count is down 11 from last week to 58
2021, April, 9, 11:25:00
OIL PRICE: NEAR $63 YET
Brent edged down 12 cents, or 0.2%, to $63.08 a barrel. WTI was at $59.59 a barrel.
2021, April, 9, 11:20:00
РОССИЯ: БОЛЬШЕ НЕФТИ, ГАЗА
В прошлом году Росгеология осуществляла в Арктике сейсморазведку в рамках работ по определению внешних границ континентального шельфа РФ. В результате этих работ мы обнаружили очень крупный осадочный чехол мощностью порядка 10-12 км в море Лаптевых.
2021, April, 8, 12:10:00
OIL PRICE: NEAR $63 AGAIN
Brent fell 51 cents, or 0.8%, to $62.65 a barrel. WTI fell 53 cents, or 0.9%, to $59.24 a barrel.
2021, April, 8, 11:25:00
U.S. OIL INVENTORIES DOWN 3.5 MB TO 498.3 MB
U.S. commercial crude oil inventories decreased by 3.5 million barrels to 498.3 million barrels.
2021, April, 8, 11:20:00
NOVATEK NEED INVESTMENT $11 BLN
Novatek seeks to raise $11 billion in external financing and has said it planned to get the funds by the first half of this year.
2021, April, 7, 10:40:26
OIL PRICE: NEAR $63 ANEW
Brent rose by 34 cents, or 0.5%, to $63.08 a barrel. WTI was up 32 cents, or 0.5%, to $59.65.
2021, April, 7, 10:35:00
OIL PRICES 2021-22: $65-60
EIA forecasts that Brent prices will average $65/b in the second quarter of 2021, $61/b during the second half of 2021, and $60/b in 2022.
2021, April, 7, 10:30:00
U.S., IRAN NUCLEAR DEAL
Iran met in Vienna with the remaining signatories of the deal – the EU, UK, France, Russia, China and Germany. While the US was also in Vienna, it did not participate directly in those talks but met separately with the deal signatories in a different part of the city.
2021, April, 6, 14:25:00
OIL PRICE: NEAR $63
Brent rose 90 cents, or 1.5%, to $63.05 a barrel. WTI rose 98 cents, or 1.7%, to $59.63.