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2020, February, 19, 11:50:00
GLOBAL PETROLEUM DEMAND WILL UP BY 1.0 MBD
EIA now expects global petroleum and liquid fuels demand will rise by 1.0 million b/d in 2020, which is lower than the forecast increase in the January STEO of 1.3 million b/d in 2020, and by 1.5 million b/d in 2021.
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2020, February, 19, 11:30:00
U.S. PRODUCTION: OIL +18 TBD, GAS (-172) MCFD
Crude oil production from the major US onshore regions is forecast to increase 18,000 b/d month-over-month in February from 9,157 to 9,175 thousand barrels/day, gas production to decrease 172 million cubic feet/day from 85,619 to 85,447 million cubic feet/day .
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2020, February, 17, 11:20:00
U.S. RIGS UNCHANGED TO 790 ANEW
U.S. Rig Count is unchanged from last week at 790, Canada Rig Count is down 2 rigs from last week to 255,
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2020, February, 12, 12:15:00
OPEC+ PRODUCTION DOWN BY 500 TBD
OPEC members and allied oil producers, the so-called OPEC+, have agreed to cut their crude oil production by an additional 500,000 bbl/d until their next meeting in early March 2020.
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2020, February, 12, 12:12:00
OIL PRICES 2020-21: $61-68
EIA forecasts Brent prices will average $61/b in 2020; with prices averaging $58/b during the first half of the year and $64/b during the second half of the year. EIA forecasts the average Brent prices will rise to an average of $68/b in 2021.
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2020, February, 12, 11:55:00
ROSNEFT'S OIL PRODUCTION 5.8 MBD
Rosneft's hydrocarbons production in 2019 was more or less steady year on year at around 5.8 million b/d of oil equivalent
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2020, February, 10, 10:40:00
IRAN SUPPORTS OPEC
Iran’s support for any output reduction agreed by a majority of OPEC member states
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2020, February, 10, 10:35:00
IRAN'S OIL DEVELOPMENT: $1.3 BLN
"The contract core sum is $876 million and with its side costs the investment will reach $1.3 billion," Zanganeh said.
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2020, February, 10, 10:05:00
ANGOLA NEED EXPLORATION
Angola's crude output has fallen from a peak of 1.9 million b/d in 2010 to 1.4 million b/d currently
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2020, February, 10, 09:55:00
WORLDWIDE RIG COUNT UP 30 TO 2,073
The worldwide rig count for January 2020 was 2,073, up 30 from the 2,043 counted in December 2020, and down 192 from the 2,265 counted in January 2019.
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2020, February, 10, 09:50:00
U.S. RIGS UNCHANGED TO 790
U.S. Rig Count is unchanged from last week at 790, Canada Rig Count is up 10 rig from last week at 257
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2020, February, 7, 11:05:00
OPEC+ : 600 TBD
The Russian delay is sure to frustrate OPEC kingpin Saudi Arabia, which had called for the collective to immediately implement deeper cuts of 500,000 b/d or more amid the sell-off in crude prices.
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2020, February, 7, 11:00:00
U.S., RUSSIA SANCTIONS: THE NEXT
The US was prepared to sanction Rosneft if it continued to trade crude oil and fuel with PDVSA, but analysts said those sanctions have yet to be imposed because of the expected impact they may have on the global oil market.
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2020, February, 7, 10:55:00
EU, TURKEY SANCTIONS
The EU has agreed to sanctions against two officials from Turkey’s state petroleum company.
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2020, February, 7, 10:05:00
NOV VARCO NET LOSS $6.1 BLN
NOV VARCO revenues for the full year 2019 were $8.48 billion, operating loss was $6.28 billion, and net loss was $6.10 billion, or $15.96 per share. Adjusted EBITDA for the full year was $885 million, or 10.4 percent of sales.