Upstream
2020, September, 25, 13:20:00
OIL PRICE: NEAR $42
Brent was up 30 cents at $42.24 a barrel, WTI rose 23 cents to $40.54 a barrel.
2020, September, 25, 13:00:00
OPEC+ IRAQ REDUCING
OPEC’s second-biggest producer, Iraq has failed in the past to fully comply with OPEC+ oil output reductions,
2020, September, 25, 12:50:00
TURKEY'S GAS IS CHEAPER
The cost of producing gas in the newly discovered Black Sea gas field will be more affordable than current gas imports, Turkey's Energy and Natural Resources Minister Fatih Donmez said Wednesday.
2020, September, 24, 12:35:00
OIL PRICE: BELOW $42 YET
Brent dropped 34 cents, or 0.8%, to $41.43 a barrel, WTI fell 37 cents, or 0.9%, to $39.56 a barrel.
2020, September, 24, 12:20:00
OPEC+ REBALANCING: 2021
The OPEC+ agreement, along with declines in production elsewhere, including the United States, brought global supply lower than the level of global demand for the first time since mid-2019.
2020, September, 24, 12:15:00
U.S. OIL INVENTORIES DOWN BY 1.6 MB TO 494.4 MB
U.S. commercial crude oil inventories decreased by 1.6 million barrels to 494.4 million barrels,
2020, September, 24, 11:55:00
TURKEY GAS DRILLING
There has been international condemnation of Turkey's gas exploration offshore Cyprus,
2020, September, 23, 15:15:00
OIL PRICE: BELOW $42 ANEW
Brent rose 23 cents or 0.6% to $41.95, WTI was up 13 cents or 0.3% at $39.93 a barrel.
2020, September, 23, 14:55:00
EAST MEDITERRANEAN GAS
The importance of the East Mediterranean's gas importance came to the fore in 2015 with ENI's discovery of the 30 Tcf supergiant Zohr field, helping bring the North African country back to self-sufficiency in gas in 2018.
2020, September, 22, 13:25:00
OIL PRICE: NOT BELOW $42 ANEW
Brent edged 3 cents, or 0.1%, lower to $41.41 a barrel, WTI slipped 4 cents, or 0.1%, to $39.27 a barrel.
2020, September, 22, 13:10:00
U.S. DRILLING: THE LOWEST
the U.S. total drilling for the year will definitely be the lowest since before 1940.
2020, September, 21, 12:40:00
OIL PRICE: BELOW $43
Brent was down 33 cents, or 0.8%, at $42.82 a barrel, WTI was down 38 cents, or 0.9%, to $40.73 a barrel.
2020, September, 21, 12:35:00
OIL DEMAND WILL UP BY 6.6 MBD
2021 world oil demand is now forecast to grow by 6.6 mb/d, some 0.4 mb/d lower compared with the previous month’s assessment to average 96.9 mb/d.
2020, September, 21, 12:15:00
EGYPT GAS PRODUCTION UP
Egypt's gas fortunes turned around in 2015 when Italy's Eni discovered the 30 Tcf supergiant Zohr field in the Mediterranean, helping bring the North African country back to self-sufficiency in gas.
2020, September, 21, 11:45:00
U.S. RIGS UP 1 TO 255
U.S. Rig Count is up 1 from last week to 255, Canada Rig Count is up 12 from last week to 64
