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2019, September, 11, 11:55:00
OIL PRICES 2019-20: $60-$62
Brent crude oil spot prices averaged $59 per barrel (b) in August, down $5/b from July and $13/b lower than the average from August of last year. EIA forecasts Brent spot prices will average $60/b in the fourth quarter of 2019 and $62/b in 2020. EIA forecasts that West Texas Intermediate (WTI) prices will average $5.50/b less than Brent prices in 2020.
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2019, September, 11, 11:40:00
OPEC OIL PRODUCTION UP 230 TBD
OPEC oil output averaged 29.71 million b/d in August, up 230,000 from July as production increases in Saudi Arabia, the UAE, Nigeria and Iraq offset declines in Venezuela and Libya,
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2019, September, 11, 11:35:00
IRAQ'S OIL PRODUCTION 4.65 MBD
Iraqi crude production rose to 4.65 million b/d in August, from 4.62 million b/d in July, the country's State Oil Marketing Organization said Monday, meaning the country pumped 140,000 b/d more than its OPEC quota of 4.51 million b/d.
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2019, September, 11, 11:30:00
BRAZIL'S OIL: $26 BLN
Brazil has announced the rules for an auction of oil drilling rights worth $26bn, setting the stage for Latin America’s top crude producer to become an even bigger player in the global market.
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2019, September, 11, 11:25:00
DUTCH GRONINGEN GAS DOWN 6%
Dutch Groningen gas production in August was down 6% on the year but up 6% from to 1.26 Bcm, according to data from operator NAM.
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2019, September, 10, 17:10:00
WORLDWIDE RIG COUNT DOWN 32 TO 2,206
The worldwide rig count for August 2019 was 2,206, down 32 from the 2,238 counted in July 2019, and down 72 from the 2,278 counted in August 2018.
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2019, September, 10, 17:05:00
U.S. RIGS DOWN 6 TO 898
U.S. Rig Count is down 6 rigs from last week to 898, with oil rigs down 4 to 738, gas rigs down 2 to 160, and miscellaneous rigs unchanged at 0. Canada Rig Count is down 3 rigs from last week to 147, with oil rigs down 3 to 102 and gas rigs unchanged at 45.
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2019, September, 6, 13:50:00
U.S. SHALE OIL CUTTING
Bankruptcy filings by U.S. energy producers through mid-August this year have nearly matched the total for the whole of 2018. A stock index of oil and gas producers hit an all-time low in August, a sign investors are expecting more trouble ahead.
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2019, September, 3, 13:20:00
RUSSIA: FULL COMPLIANCE WITH OPEC +
Russia will fully comply with its obligations under the OPEC+ agreement in September
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2019, September, 3, 13:10:00
RUSSIA, SAUDI ARABIA PARTNERSHIP
“OPEC can no longer ignore Russia because of its importance as an oil exporter and its economy,” said Elina Ribakova, deputy chief economist at the Institute of International Finance in Washington. “The Russians will continue doing just enough to engage with the Saudis on oil production.”
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2019, September, 2, 13:05:00
U.S. GAS PRODUCTION UP 11.5%
In June 2019, for the 26th consecutive month, dry natural gas production increased year to year for the month. The preliminary level for dry natural gas production in June 2019 was 2,735 billion cubic feet (Bcf), or 91.2 Bcf/d. This level was 9.4 Bcf/d (11.5%) higher than the June 2018 level of 81.8 Bcf/d.
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2019, September, 2, 12:45:00
SOUTH CHINA SEA TENSION ANEW
The U.K., France and Germany have called for restraint in the South China Sea amid reports that Chinese and Vietnamese vessels are facing off in the disputed waters over competing territorial claims.
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2019, September, 2, 12:35:00
DANGEROUS NIGERIA'S OIL
Nigeria lost about 22 million barrels of its crude oil production to theft in the first half of this year, Nigerian National Petroleum Corp. said
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2019, September, 2, 12:15:00
U.S. RIGS DOWN 12 TO 904
U.S. Rig Count is down 12 rigs from last week to 904, with oil rigs down 12 to 742, gas rigs unchanged at 162, and miscellaneous rigs unchanged at 0. Canada Rig Count is up 11 rigs from last week to 150, with oil rigs up 10 to 105 and gas rigs up 1 to 45.
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2019, August, 30, 10:00:00
TechnipFMC CREATE TWO COMPANIES
TechnipFMC plc (NYSE: FTI) (Paris: FTI) announced its Board of Directors has unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development; and SpinCo, a leading engineering and construction (E&C) player, poised to capitalize on the global energy transition.