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Upstream

Upstream
2020, September, 17, 17:05:00
OIL PRICE: NOT BELOW $41 YET
Brent was down 22 cents, or 0.5%, to $42.00 a barrel , WTI fell 28 cents, or 0.7%, to $39.88 a barrel.
Upstream
2020, September, 17, 16:50:00
ADNOC CUT BY 25%
ADNOC plans a 30% cut in October term volumes for all of its crude grades
Upstream
2020, September, 16, 12:15:50
OIL PRICE: NOT BELOW $41 ANEW
Brent rose 85 cents, or 2.1%, to $41.38 a barrel, WTI rose 92 cents, or 2.4%, to $39.20.
Upstream
2020, September, 16, 11:50:00
TURKEY GAS EXPLORATION
Turkey's state-owned TPAO has drilled a handful of wells offshore Cyprus in the past year, and a seismic vessel has spent the past month surveying a large area in disputed waters between Cyprus and the Greek island of Crete.
Upstream
2020, September, 15, 16:35:00
OIL PRICE: BELOW $40
Brent was up 44 cents, or 1.1%, at $40.05 a barrel, WTI were up 52 cents, or 1.4%, at $37.78 a barrel.
Upstream
2020, September, 15, 16:30:00
U.S. PRODUCTION: OIL (-68) TBD, GAS (-428) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 68,000 b/d month-over-month in September from 7,708 to 7,640 thousand barrels/day, gas production to decrease 428 million cubic feet/day from 81,026 to 80,598 million cubic feet/day .
Upstream
2020, September, 15, 16:25:00
U.S. FOSSIL FUELS 80%
In 2019, 80% of U.S. domestic energy production was from fossil fuels, and 80% of domestic energy consumption originated from fossil fuels.
Upstream
2020, September, 14, 10:30:00
OIL PRICE: NEAR $40
Brent gained 9 cents, or 0.2%, to $39.92 a barrel, WTI were up 18 cents, or 0.5%, at $37.51 a barrel
Upstream
2020, September, 14, 09:55:00
MICROGRID CLUSTERS FOR AFRICA'S ELECTRICITY
About 600 million people in sub-Saharan Africa have no access to any form of electricity.
Upstream
2020, September, 14, 09:45:00
U.S. RIGS DOWN 2 TO 254
U.S. Rig Count is down 2 from last week to 254, Canada Rig Count is unchanged from last week at 52
Upstream
2020, September, 11, 12:25:00
OIL PRICE: NOT BELOW $39
Brent was down 18 cents, or 0.5%, at $39.88 a barrel, WTI dropped 14 cents, or 0.4%, to $37.16 a barrel,
Upstream
2020, September, 11, 12:20:00
OPEC+ PRODUCTION CUT
The OPEC+ agreement called for a decrease in crude oil output by a combined 9.7 million b/d in May and June, a combined decrease of 9.6 million b/d in July 2020, and a combined decrease of 7.7 million b/d in August
Upstream
2020, September, 11, 12:15:00
IRAQ OIL PRODUCTION DOWN
Iraq's habitual non-compliance with its production quota has been a sore point within the OPEC+ alliance, with Saudi Arabia, Russia and others pressuring Iraq to improve its performance.
Upstream
2020, September, 10, 15:00:00
OIL PRICE: NOT BELOW $40 ANEW
Brent fell 53 cents to $40.26 a barrel, WTI dipped 61 cents to $37.44 a barrel
Upstream
2020, September, 10, 14:55:00
GLOBAL PETROLEUM CONSUMPTION WILL UP BY 6.5 MBD
EIA forecasts that consumption of petroleum and liquid fuels globally will average 93.1 million b/d for all of 2020, down 8.3 million b/d from 2019, before increasing by 6.5 million b/d in 2021.