Upstream
2020, March, 30, 10:25:00
#OilPriceWar AGAINST U.S.
A group of six U.S. senators wrote a letter to Secretary of State Mike Pompeo this week saying Saudi Arabia and Russia “have embarked upon economic warfare against the United States” and were threatening U.S. “energy dominance”.
2020, March, 30, 10:20:00
#OilPriceWar: OPEC+: THE NEW AGREEMENT
Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak have not held any discussions about a joint agreement to balance oil markets, indicating no resolution to the price war.
2020, March, 30, 10:15:00
#OilPriceWar LOSSES $192 BLN
Oil exporters in the Middle East and North Africa region will lose $192 billion in crude income in 2020
2020, March, 30, 10:10:00
OIL FUNDS ACCUMULATIONS $225 BLN
Sovereign wealth funds from oil-producing countries mainly in the Middle East and Africa are on course to dump up to $225 billion in equities,
2020, March, 30, 10:05:00
THE LOWEST GAS PRICES
gas prices in Europe and Asia have collapsed to record lows, while the U.S. Henry Hub benchmark tumbled to its lowest since 1995.
2020, March, 30, 09:55:00
ROSNEFT SELLS VENEZUELA'S ASSETS
Rosneft entered into an agreement with a company 100%-owned by the Russian government on the sale of shares and termination of its participation in all projects in Venezuela,
2020, March, 30, 09:40:00
U.S. RIGS DOWN 44 TO 728
U.S. Rig Count is down 44 rigs from last week to 728, Canada Rig Count is down 44 rigs from last week to 54
2020, March, 27, 13:55:00
#OilPriceWar: RUSSIA UNCHANGED
Russia ramped up measures to combat the virus on Wednesday, with Russian President Vladimir Putin announcing that next week would be a paid non-working week throughout the country.
2020, March, 26, 11:40:00
#OilPriceWar: U.S. NEED HELP
Some US shale producers have been pressuring the Trump administration to intervene in the price war, which broke out after Russia earlier this month declined to go along with an OPEC proposal for production cuts to prop up prices.
2020, March, 26, 11:35:00
#OilPriceWar: CHINA WINS
China is saving about $250mn a day after crude prices crashed this year amid dual demand and supply shocks.
2020, March, 26, 11:25:00
ARAMCO PLANS TO SUPPLY 12.3 MBD
Aramco plans to supply 12.3 million barrels per day of crude in the next two months, after talks with Russia to deepend OPEC+ output cuts floundered, starting a price war. The company will draw 3 million barrels per day from its stocks, producing 12 million barrels per day.
2020, March, 24, 14:20:00
U.S., SAUDI ARABIA #SANCTIONS
nine Republican senators asked the Department of Commerce to launch an anti-dumping case against Saudi Arabia following its price war with Russia.
2020, March, 23, 13:35:00
ARAMCO'S OBLIGATIONS 12 MBD
Aramco has pledged to supply 12.3 million b/d of crude in April and May
2020, March, 23, 13:20:00
U.S. RIGS DOWN 20 TO 772
U.S. Rig Count is down 20 rigs from last week to 772, Canada Rig Count is down 77 rigs from last week to 98
2020, March, 20, 12:35:00
U.S. SUPPLICATION TO SAUDI ARABIA
That, in turn, has prompted several lawmakers from Texas, North Dakota, Alaska and other oil states to directly lobby Saudi Arabia, stressing the two countries' decades-long ties.