Upstream
2020, November, 12, 14:05:00
OPEC CUTS 7.7 MBD
OPEC+ alliance's current 7.7 million b/d in output cuts could be maintained into 2021 instead of being eased as originally planned, or even extended.
2020, November, 11, 14:55:00
OIL PRICE: BELOW $45
Brent rose $1.17, or 2.7%, to $44.78 a barrel. WTI added $1.17 cents, or 2.8%, to $42.53 a barrel.
2020, November, 11, 14:50:00
OIL PRICES 2020-21: $40 - $47
EIA forecasts Brent crude oil prices will average $47/b in 2021.
2020, November, 11, 14:30:00
OPEC+ IRAQ, SAUDI ARABIA
Saudi Arabia, Iraq "stressed full commitment to all decisions that have been agreed upon, in a manner that guarantees reaching fair and appropriate oil prices for exporters and consumers in the global oil market," the statement said.
2020, November, 11, 14:15:00
LUKOIL PRODUCTION 2.065 MBD
For the nine months of 2020 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,065 kboe per day, which is 11.6% lower year-on-year.
2020, November, 10, 11:35:00
OIL PRICE: BELOW $43
Brent rose 9 cents, or 0.2%, to $42.49 a barrel. WTI edged up 16 cents, or 0.4%, to $40.45 a barrel.
2020, November, 10, 11:30:00
RUSSIA IS RESPONSIBLE PLAYER
"In any case, Russia is a responsible player on the energy market and that's something which governs our decisions and our thinking," Sorokin said, during the ADIPEC virtual conference Nov. 9.
2020, November, 9, 13:30:00
OIL PRICE: BELOW $41
Brent climbed 94 cents, or 2.4%, to $40.39 a barrel. WTI was at $38.07, up 93 cents, or 2.5%.
2020, November, 9, 13:15:00
LIBYA OIL PRODUCTION 1 MBD
The extra Libyan supply means OPEC+ will have to make some difficult choices as it heads to its formal meeting on Nov 30 – Dec. 1.
2020, November, 9, 12:55:00
WORLDWIDE RIG COUNT DOWN 3 TO 1,016
The Worldwide Rig Count for October was 1,016, down 3 from the 1,019 counted in September 2020
2020, November, 9, 12:50:00
U.S. RIGS UP 4 TO 300
U.S. Rig Count is up 4 from last week to 300, Canada Rig Count is unchanged from last week at 86
2020, November, 6, 12:50:00
OIL PRICE: ABOVE $40 AGAIN
Brent was 48 cent, or 1.2%, lower at $40.45. WTI were down 52 cents, or 1.3%, at $38.27 a barrel.
2020, November, 6, 12:45:00
U.S. OIL INVENTORIES DOWN BY 8.0 MB TO 484.4 MB
U.S. commercial crude oil inventories decreased by 8.0 million barrels to 484.4 million barrels
2020, November, 6, 12:40:00
IRAQ OIL PRODUCTION UP
Iraq pumped 3.842 million b/d in October, above September's 3.60 million b/d and its quota of 3.804 million b/d,
2020, November, 5, 12:55:00
OIL PRICE: ABOVE $40 ANEW
Brent Brent crude futures fell 64 cents, or 1.55%, to $40.59 a barrel, WTI were down 60 cents, or 1.53%, to $38.55 a barrel .
