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2019, September, 27, 13:05:00
EXXON SELL NORWAY FOR $4.5 BLN
ExxonMobil signed an agreement with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion
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2019, September, 26, 13:55:00
COALITION FOR HOPE
“I should like to invite all the countries directly affected by the developments in the Persian Gulf and the Strait of Hormuz to the Coalition for Hope meaning Hormuz Peace Endeavor,” stated President Rouhani.
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2019, September, 25, 15:00:00
IRAN'S ECONOMY NETWORK
To circumvent U.S. banking and financial sanctions, Iran’s rulers have built up a network of traders, companies, exchange offices, and money collectors in different countries,
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2019, September, 25, 14:55:00
VENEZUELA, CUBA SANCTIONS
Though trade between Venezuela and Cuba has not ceased amid sanctions, the flow of PDVSA’s oil has been insufficient to keep the Communist-ruled island well-supplied. Cubans have faced long lines at gas stations and for public transportation amid lack of vessels to receive imports.
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2019, September, 24, 17:40:00
NORWAY'S AUGUST PRODUCTION 1.647 MBD
Preliminary production figures for August 2019 show an average daily production of 1 647 000 barrels of oil, NGL and condensate, which is a decrease of 67 000 barrels per day compared to July.
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2019, September, 23, 14:00:00
U.S. PETROLEUM DEMAND 21.5 MBD
Total U.S. petroleum demand of 21.5 mb/d was highest for any month since August 2005;
Improved infrastructure helped increase supply and lower prices;
Highest U.S. petroleum exports (8.1 mb/d) for the month of August; and
Total inventories increased year-on-year for the ninth consecutive month.
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2019, September, 23, 13:40:00
U.S. RIGS DOWN 18 TO 868
U.S. Rig Count is down 18 rigs from last week to 868, with oil rigs down 14 to 719, gas rigs down 5 to 148, and miscellaneous rigs up 1 to 1. Canada Rig Count is down 15 rigs from last week to 119, with oil rigs down 11 to 82 and gas rigs down 4 to 37.
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2019, September, 19, 14:15:00
U.S. WEAPON: OIL
Iranian Minister of Petroleum Bijan Zangeneh stressed the non-political nature of oil, saying the US was using oil as a weapon which was not the right approach.
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2019, September, 18, 18:15:00
ARAMCO WILL RECOVER QUICKLY
During the news conference, it was disclosed that production at Khurais resumed 24 hours after the attack. Meanwhile, Mr. Nasser stated that production at Abqaiq is currently 2 million barrels per day and its entire output is expected to be restored to prior rates by the end of September.
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2019, September, 17, 13:05:00
OPEC+ FULFILL OBLIGATIONS
"Nobody has changed the parameters of the [OPEC+} deal. So, I think that we all agreed in Abu Dhabi, that everyone should fulfill their obligations," Novak said, when asked if Russia needs to continue to comply.
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2019, September, 17, 13:00:00
CONFORMITY LEVEL 136%
Conformity with the voluntary production adjustments remains high, 136% in the month of August. However, the JMMC reemphasized the core principles underpinning the DoC, namely, equity, fairness and transparency, and urged all participating countries to intensify their efforts in pursuit of full and timely conformity with their voluntary production adjustments.
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2019, September, 17, 12:55:00
2020: WORLD OIL DEMAND WILL UP BY 1.08 MBD
World oil demand in 2019 is expected to grow by 1.02 mb/d, which is 0.08 mb/d lower than last month’s projection. The drop can be attributed to weaker-than-expected data in 1H19 from various global demand centres and slower economic growth projections for the remainder of the year. Both OECD and non-OECD demand growth forecasts were revised lower, by 0.03 mb/d and 0.05 mb/d, respectively. In 2020, world oil demand is projected to increase by 1.08 mb/d.
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2019, September, 17, 12:50:00
U.S. PRODUCTION: OIL + 74 TBD, GAS + 469 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 74,000 b/d month-over-month in September from 8,769 to 8,843 thousand barrels/day, gas production to increase 469 million cubic feet/day from 81,893 to 82,362 million cubic feet/day .
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2019, September, 16, 15:00:00
SAUDI ARABIA'S OIL RISKS
Dollar-denominated bonds issued by Saudi Arabia’s government and state oil company Saudi Aramco tumbled to multi-week lows on Monday after a weekend attack on Saudi Arabia’s oil facilities shut about 5% of global output.
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2019, September, 16, 14:45:00
ARAMCO'S OUTPUT WILL DOWN BY 5.7 MBD
Saudi Aramco will see its production halved, with a 5.7mn barrel per day drop in output due to the attack.