Upstream
2020, June, 5, 12:35:00
NORD STREAM 2: THE NEW SANCTIONS
Many politicians and energy companies in Germany support Nord Stream 2
2020, June, 5, 12:15:00
NORWAY CUT INVESTMENT
Oil companies, including Norway’s state-controlled Equinor, have said they intend to reduce both operating and capital spending in order to preserve cash during the downturn.
2020, June, 4, 11:40:00
OIL PRICE: ABOVE $39 ANEW
Brent fell 1.18%, or 47 cents, to $39.32 a barrel, WTI slid 1.80%, or 67 cents, to $36.62 a barrel.
2020, June, 4, 11:35:00
OIL DEFICIT 5 MBD
Russian Energy Minister Alexander Novak said on Thursday that the global oil market may see a shortage of 3-5 million barrels per day (bpd) in July, depending on the parameters of a deal to be reached by OPEC+ producers,
2020, June, 3, 13:10:00
OIL PRICE: NEAR $40
Brent were up 59 cents, or 1.5%, at $40.16 a barrel, WTI gained 80 cents, or 2.2%, to $37.61.
2020, June, 3, 12:50:00
U.S. SHALE RECOVERY
U.S. shale oil producers signaling they are ready to re-open wells that were shut during the market’s collapse.
2020, June, 3, 12:40:00
BRAZIL'S PETROLEUM PRODUCTION 3.7 MBD
Companies operating in Brazil pumped 3.738 million b/d of oil equivalent in April
2020, June, 2, 15:15:00
OIL PRICE: ABOVE $39
Brent rose 2.5%, or 97 cents, to $39.29 a barrel, WTI climbed 2.5%, or 88 cents, to $36.32 a barrel.
2020, June, 2, 15:10:00
RESTORING OIL DEMAND
"The presidents addressed world oil market developments in the context of implementing the OPEC+ agreement," the Kremlin said. "It was stated that this multilateral agreement, reached with the active support of the presidents of Russia and the United States, would lead to a gradual restoration of oil demand and price stabilisation."
2020, June, 2, 15:05:00
RUSSIA'S OIL PRODUCTION 9.39 MBD
Russian oil and gas condensate production fell to 39.7 million tonnes (9.39 million barrels per day) in May
2020, June, 1, 11:05:00
OIL PRICE: NEAR $38
Brent was unchanged at $37.84 per barrel, WTI for July delivery were at $35.53 a barrel
2020, June, 1, 10:35:00
U.S. OIL INVENTORIES UP BY 7.9 MB TO 534.4 MB
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 534.4 million barrels, U.S. crude oil inventories are about 13% above the five year average for this time of year.
2020, June, 1, 10:30:00
UAE OIL PRODUCTION 2.4 MBD
The UAE, which pumped a record 4.1 million b/d in April, has also pledged to trim an extra 100,000 b/d in June, on top of its OPEC+ commitments,
2020, June, 1, 09:45:00
U.S. RIGS DOWN 17 TO 301
U.S. Rig Count is down 17 rigs from last week to 301, Canada Rig Count is down 1 rig from last week to 20
2020, May, 28, 12:05:00
OIL PRICE: NEAR $34
Brent were down 2%, or 71 cents at $34.03 per barrel, WTI were down 3%, or 98 cents, at $31.83 a barrel