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2018, May, 21, 11:00:00
IRAN & VENEZUELA SANCTIONS
NYT - China and India are the biggest buyers of Iranian crude, but they also provide markets for 40 percent of Venezuelan exports, which have been plummeting under the weight of mismanagement, debt and American financial sanctions.
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2018, May, 21, 10:55:00
EU & IRAN SANCTIONS
SHANA - Climate Action and Energy Commissioner Miguel Arias Cañete met Iranian Minister of Petroleum Bijan Zangeneh in his Tehran office on Saturday in a bid to protect Iran's oil trade following US withdrawal from the nuclear deal.
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2018, May, 21, 10:50:00
EU - IRAN COOPERATION
IRNA - since banning Iran’s oil exports was the first sanction imposed by the US, in their statement, Europeans has put extra emphasis on the continued sale of Iran’s oil and gas condensate petroleum products and petrochemicals and related transfers.
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2018, May, 21, 10:40:00
U.S. PETROLEUM DEMAND UP BY 750 TBD
API - American Petroleum Institute reported that the first four months of this year saw U.S. petroleum demand average 750 thousand barrels a day above the same period in 2017 despite higher prices, a sign of solid economic activity. April also saw the U.S. produce a record 10.5 million barrels per day (MBD) of oil.
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2018, May, 21, 10:30:00
U.S. RIGS UP 1 TO 1,046
BAKER HUGHES A GE - U.S. Rig Count is up 1 rig from last week to 1,046, with oil rigs unchanged at 844, gas rigs up 1 to 200, and miscellaneous rigs unchanged at 2. Canada Rig Count is up 4 rigs from last week to 83, with oil rigs up 6 to 38 and gas rigs down 2 to 45.
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2018, May, 18, 09:10:00
TIGHT MARKET BALANCE
IEA - Because of rising prices, we lowered our estimate for 2018 global oil demand growth by 40 kb/d to 1.4 mb/d, and we increased our expectation for US oil production growth this year by 120 kb/d.
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2018, May, 18, 08:30:00
SOUTH CHINA SEA DRILLING
REUTERS - “We urge relevant parties to earnestly respect China’s sovereign and jurisdictional rights and not do anything that could impact bilateral relations or this region’s peace and stability,” the spokesman, Lu Kang, told a regular news briefing on Thursday.
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2018, May, 16, 12:00:00
HEAVY NIGERIAN OIL
BLOOMBERG - Nigerian National Petroleum Corp., the Abuja-based behemoth that dominates the OPEC member’s energy industry, has made losses for at least the last three years,
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2018, May, 16, 11:55:00
U.S. OIL PRODUCTION + 144 TBD, GAS PRODUCTION + 1,092 MCFD
EIA - Crude oil production from the major US onshore regions is forecast to increase 144,000 b/d month-over-month in June from 7,034 to 7,178 thousand barrels/day , gas production to increase 1,092 million cubic feet/day from 67,027 to 68,119 million cubic feet/day .
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2018, May, 16, 11:50:00
NORWAY'S OIL PRODUCTION DOWN 34 TBD TO 1.868 MBD
NPD - Preliminary production figures for April 2018 show an average daily production of 1 868 000 barrels of oil, NGL and condensate, which is a decrease of 34 000 barrels per day compared to March.
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2018, May, 14, 10:55:00
NIGERIA'S OIL PRODUCTION 2.07 MBD
PLATTS - Nigeria's oil production rebounded to 2.07 million b/d in April this year, after it slipped to 2.02 million b/d in the preceding month, according to estimates released Thursday by the oil ministry.
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2018, May, 14, 10:50:00
LUKOIL FOR IRAQ: 800 TBD
LUKOIL - LUKOIL and the Basra Oil Company signed a Development Plan of West Qurna-2 field that provides for an oil production plateau of 800 thousand barrels per day. According to the Plan, the oil production of 480 thousand barrels per day will be reached in 2020 and 800 thousand barrels per day is expected in 2025.
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2018, May, 14, 10:45:00
BAHRAIN ENERGY FUND: $1 BLN
OGJ - Bahrain plans to raise $1 billion for energy investments in a fund the government calls unique among Gulf Cooperation Council countries.
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2018, May, 14, 10:30:00
U.S. RIGS UP 13 TO 1,045
BAKER HUGHES A GE - U.S. Rig Count is up 13 rigs from last week to 1,045, with oil rigs up 10 to 844, gas rigs up 3 to 199, and miscellaneous rigs unchanged at 2. Canada Rig Count is down 7 rigs from last week to 79, with oil rigs down 5 to 32 and gas rigs down 2 to 47.
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2018, May, 8, 10:40:00
BP - IRAQ AGREEMENT
REUTERS - Iraq’s state-run North Oil Company signed an agreement with BP on Monday to triple output from the Kirkuk fields in the north of the country, Oil Minister Jabar al-Luaibi said.