Upstream
![Upstream](/cache/03-20/PRICE-179.2bcdfe6a.jpg)
2020, March, 11, 12:20:00
SAUDI ARABIA, RUSSIA'S OIL UP
The clash of oil titans Saudi Arabia and Russia sparked a 25% slump in crude prices on Monday, triggering panic selling on Wall Street and other equity markets that have already been badly hit by the impact of the coronavirus outbreak.
![Upstream](/cache/03-20/PRICE-181.c8d09555.jpg)
2020, March, 11, 12:15:00
U.S. OIL DOWN
U.S. shale companies need prices at least in the low $40s to cover costs,
![Upstream](/cache/03-20/SAUDI-159.6de4d3af.jpg)
2020, March, 11, 12:10:00
ARAMCO WILL PROVIDE 12.3 MBD
Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day (MMBD) of crude oil in April
![Upstream](/cache/03-20/USA-102.196349d9.jpg)
2020, March, 11, 12:05:00
U.S. GAS PRODUCTION UP 10%
U.S. natural gas production grew by 9.8 billion cubic feet per day (Bcf/d) in 2019
![Upstream](/cache/03-20/PRICE-174.b6dd1c0d.jpg)
2020, March, 10, 13:45:00
НЕФТЬ РОССИИ КОНКУРЕНТОСПОСОБНА
«Российская нефтяная отрасль обладает качественной ресурсной базой и достаточным запасом финансовой прочности, чтобы оставаться конкурентоспособной при любом прогнозируемом уровне цен, а также сохранять свою долю на рынке. При этом Правительство будет уделять особое внимание стабильному снабжению отечественного рынка нефтепродуктами и сохранению инвестиционного потенциала в секторе», – сообщил Министр энергетики.
![Upstream](/cache/03-20/PRICE-172.12f56007.jpg)
2020, March, 10, 13:30:00
SAUDI ARABIA'S OIL PRODUCTION GROWTH
Saudi Arabia has said it could raise production to 12 million barrels per day,
![Upstream](/cache/03-20/PRICE-164.381dfe48.jpg)
2020, March, 9, 14:50:00
OPEC RECOMMEND 1.5 MBD
OPEC recommend extending the duration of the proposed 1.5 million barrel per day additional adjustment until the end of 2020, instead of 30th of June 2020.
![Upstream](/cache/03-20/RIG-159.9dfdc54e.jpg)
2020, March, 9, 14:25:00
WORLDWIDE RIG COUNT UP 52 TO 2,125
The worldwide rig count for February 2020 was 2,125, up 52 from the 2,073 counted in January 2020, and down 181 from the 2,306 counted in February 2019.
![Upstream](/cache/03-20/RIG-158.865eec48.jpg)
2020, March, 9, 14:20:00
U.S. RIGS UP 3 TO 793
U.S. Rig Count is up 3 rigs from last week to 793, Canada Rig Count is down 37 rigs from last week to 203.
![Upstream](/cache/03-20/OPEC-140.815ed5fe.jpg)
2020, March, 6, 12:40:00
OPEC NEEDS REDUCTION 1.5 MBD
With oil prices tumbling, OPEC now wants to deepen its production cuts with non-OPEC allies by 1.5 million b/d for the full year 2020, instead of just the second quarter, sources said Thursday.
![Upstream](/cache/03-20/USA-95.fd62ef17.jpg)
2020, March, 6, 12:30:00
U.S. OIL EXPORTS +45%
U.S. crude oil exports averaged 2.98 million barrels per day (b/d) in 2019,
![Upstream](/cache/03-20/PRICE-156.71ba46f9.jpg)
2020, March, 4, 10:00:00
OPEC'S PROPOSAL: $60
“Conoravirus ... is a short-lived factor which is affecting oil prices ... There will be an OPEC (and non-OPEC) meeting, compensatory measures will be taken which will take the excess oil off the market and the oil price will rebound,” Fedun said.
![Upstream](/cache/03-20/USA-91.50ac4ebc.jpg)
2020, March, 4, 09:55:00
U.S. OIL PRODUCTION 12.23 MBD
Annual U.S. crude oil production reached another record level at 12.23 million barrels per day (b/d) in 2019, 1.24 million b/d, or 11%, more than 2018 levels.
![Upstream](/cache/03-20/Venezuela-84.8da48b56.jpg)
2020, March, 4, 09:45:00
VENEZUELA'S OIL EXPORTS UP 9%
Venezuela's oil exports increased to 1.046 million barrels per day (bpd) last month from 960,000 bpd in January,
![Upstream](/cache/03-20/oil-11.47befeb3.jpg)
2020, March, 2, 12:50:00
RUSSIA'S OIL PRODUCTION 11.29 MBD
Russian oil output stood at 11.29 million barrels per day (bpd) in February,