Upstream
2020, October, 20, 15:45:00
OIL PRICE: NOT ABOVE $43 AGAIN
Brent were trading flat at $42.62 a barrel, WTI rose 5 cents, or 0.1%, to $40.88.
2020, October, 20, 15:40:00
OPEC+ AGREEMENT 102%
The Committee reviewed the crude oil production data for the month of September 2020 and welcomed the positive performance in the overall conformity level for participating OPEC and non-OPEC Countries, at 102 per cent,
2020, October, 20, 15:35:00
OPEC+ STABILIZE OIL MARKET
OPEC and 10 partners are set to ease their 7.7 million b/d collective production cuts by about a quarter to 5.8 million b/d at the start of 2021,
2020, October, 20, 15:30:00
MIDDLE EAST: DOUBLE IMPACT
Real GDP for oil exporters including Saudi Arabia and Iran will shrink 6.6% this year,
2020, October, 19, 14:50:00
OIL PRICE: NOT ABOVE $43 ANEW
Brent was down 30 cents, or 0.7%, to $42.63 a barrel, WTI was down 28 cents, or 0.7%, at $40.60.
2020, October, 19, 14:45:00
GLOBAL OIL DEMAND PEAK: 2040
"We see oil demand peaking in around 2040 as a result of a slowing economy, together with less fuel demand for cars, aircraft and ships."
2020, October, 19, 14:35:00
U.S. SHALE RECOVERY
US oil production is unlikely to return to a pre-pandemic peak of more than 13 million b/d,
2020, October, 19, 14:15:00
TURKEY GAS RESERVES UP
The increase in the reserves is the result of continued drilling to a depth of 4,775 meters in the Tuna-1 well, which located a third reservoir in addition to the two reservoirs identified at around 3,500 meters depth in earlier drilling.
2020, October, 19, 14:00:00
U.S. RIGS UP 13 TO 282
U.S. Rig Count is up 13 from last week to 282, Canada Rig Count is unchanged from last week at 80,
2020, October, 16, 13:10:00
OIL PRICE: NOT ABOVE $43 TILL
Brent dropped 38 cents, or 0.9%, to $42.78 a barrel, WTI slid 35 cents, or 0.9%, to $40.61 a barrel.
2020, October, 15, 13:50:00
OIL PRICE: NOT BELOW $42 TILL
Brent dropped 70 cents, or 1.6% to $42.62 a barrel, WTI were down 69 cents, or 1.7%, to $40.35.
2020, October, 15, 13:40:00
RUSSIA'S DRILLING WILL DOWN
The Russian oil-service market may halve in 2020-2021 compared to last year,
2020, October, 15, 13:10:00
ADNOC STRATEGIC PARTNERSHIP
Dr. Al Jaber also shared his perspective on the energy transition and outlined how ADNOC is preparing for the future energy landscape.
2020, October, 14, 12:10:00
OIL PRICE: NOT BELOW $42 STILL
Brent fell by 17 cents, or 0.4%, to $42.28 a barrel, WTI were down 18 cents, or 0.5%, to $40.02.
2020, October, 14, 12:00:00
OIL DEMAND WILL UP: 2020
OPEC and its allies, including Russia, are in the midst of a historic supply accord enacted during the depths of the coronavirus market meltdown
