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2020, June, 11, 10:20:00
U.S. OIL INVENTORIES UP BY 5.7 MB TO 538.1 MB
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 538.1 million barrels, U.S. crude oil inventories are about 14% above the five year average for this time of year.
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2020, June, 11, 10:15:00
OIL MARKET DEFICIT 4 MBD
The imbalance is forecast to reach 4.6 million bpd in July, 4.2 million bpd in August
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2020, June, 11, 10:05:00
NIGERIA AGREES TO OPEC+
"Our oversupply was a little less than 100,000 b/d against the agreed numbers, and so that is not really that significant," Kyari said.
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2020, June, 10, 13:00:00
OIL PRICE: ABOVE $40 YET
Brent fell 70 cents, or 1.7%, to $40.48 a barrel, WTI dropped 98 cents, or 2.5%, to $37.96.
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2020, June, 10, 12:55:00
OIL PRICES 2020-21: $37-$48
monthly Brent prices will average $37/b during the second half of 2020 and rise to an average of $48/b in 2021.
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2020, June, 10, 12:25:00
HYDROGEN FOR S.KOREA
S.Korea aims to sharply increase production of hydrogen-powered vehicles and electricity generation by hydrogen, in an effort to use hydrogen as a major energy source for transportation and power generation.
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2020, June, 9, 17:50:00
OIL PRICE: ABOVE $40 ANEW
Brent was down 52 cents, or 1.3%, at $40.28 a barrel, WTI fell 27 cents, or 0.7%, to $37.92.
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2020, June, 9, 17:45:00
ОПЕК+: УСПЕХ СДЕЛКИ
«Необходимо соответствовать обязательствам по соглашению - от этого зависит успех сделки. Все страны подтвердили необходимость выполнения этого соглашения. Те, кто его недовыполнил, должны в течение нескольких месяцев убрать с рынка дополнительные баррели, чтобы обеспечить полное соответствие», - сказал Александр Новак.
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2020, June, 9, 17:25:00
IRAQ IS COMMITTED OPEC+
Iraq will stick to its quota in June and July and will make further reductions later on
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2020, June, 8, 13:45:00
OIL PRICE: NEAR $43
Brent was up 50 cents, or 1.2%, at $42.80 per barrel, WTI rose 31 cents, or 0.8%, to $39.86 a barrel.
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2020, June, 8, 13:40:00
OPEC+ EXTENDING ADJUSTMENTS
OPEC+ agreed the option of extending the first phase of the production adjustments pertaining in May and June by one further month.
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2020, June, 8, 13:35:00
SAUDI ARABIA REVENUE DOWN 20%
Saudi Arabia's total oil export revenue for Q1 was Riyal 149.95 billion, down from Riyal 192.03 billion for the same quarter the previous year.
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2020, June, 8, 13:25:00
IRAQ OIL PRODUCTION 4.2 MBD
Iraq's output was well above its quota of 3.592 million b/d for May and June. as agreed under the historic production cuts of OPEC and its allies, led by Russia.
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2020, June, 8, 12:45:00
WORLDWIDE RIG COUNT DOWN 338 TO 1,176
The worldwide rig count for May 2020 was 1,176, down 338 from the 1,514 counted in April 2020
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2020, June, 8, 12:40:00
U.S. RIGS DOWN 17 TO 284
U.S. Rig Count is down 17 rigs from last week to 284, Canada Rig Count is up 1 rig from last week to 21