2019, July, 3, 11:35:00RUSSIA'S OIL PRODUCTION 11.15 MBD
Russian daily oil output rose in June to 11.15 million barrels per day (bpd), up from 11.11 million bpd in May, still below the amount agreed in a global deal to cut production, Energy Ministry data showed on Tuesday.
2019, July, 2, 14:50:00OPEC EXTENDS CORRECTIONS
In view of the current fundamentals and the consensus view on the outlook for the remainder of 2019, the Conference decided to extend the voluntary production adjustments agreed at the 175th Meeting of the OPEC Conference for an additional period of nine months from 01 July 2019 to 31 March 2020.
2019, July, 2, 14:40:00IRAN HAS BEEN EXEMPTED
Once again, Iran has been exempted from the OPEC output cut deal, Zangeneh told the reporters.
2019, July, 1, 12:00:00OPEC+ OIL PRODUCTION WILL DOWN
OPEC and its allies led by Russia have been reducing oil output since 2017 to prevent prices from sliding amid soaring production from the United States, which has become the world’s top producer this year ahead of Russia and Saudi Arabia.
2019, July, 1, 11:55:00RUSSIA, SAUDI ARABIA DEAL
Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed Bin Salman to extend the OPEC+ agreement at current production levels for the rest of this year and potentially into early 2020.
2019, July, 1, 11:30:00U.S. GAS PRODUCTION UP 12%
In April 2019, for the 24th consecutive month, dry natural gas production increased year to year for the month. The preliminary level for dry natural gas production in April 2019 was 2,708 billion cubic feet (Bcf), or 90.3 Bcf/d. This level was 9.8 Bcf/d (12.2%) higher than the April 2018 level of 80.4 Bcf/d.
2019, July, 1, 11:20:00U.S. SHALE OIL PROBLEMS
Based on a study of 40 US shale oil companies, looking at cash flow from operating activities, only four companies reported a positive cash flow balance in the first quarter of 2019.
2019, July, 1, 10:55:00U.S. RIGS UP 0 TO 967
U.S. Rig Count is unchanged from from last week at 967, with oil rigs up 4 to 793, gas rigs down 4 to 173, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 5 rigs from last week to 124, with oil rigs up 4 to 84 and gas rigs up 1 to 40.
2019, June, 26, 13:50:00ARAMKO WILL MEET DEMAND
“What’s happening in the Gulf is definitely a concern,” Amin Nasser, president and chief executive of Aramco, told Reuters in an interview in Seoul.
2019, June, 24, 12:25:00COOPERATION IS IMPORTANT
“Today, more than ever, international cooperation is important,” Novak said in a speech at an energy forum in the Russian city of St Petersburg.
2019, June, 24, 12:15:00U.S. OIL PRODUCTION 12.2 MBD
U.S. crude oil production reached a new all-time high of 12.2 million barrels per day (mb/d) in May 2019
2019, June, 24, 11:50:00U.S. RIGS DOWN 2 TO 967
U.S. Rig Count is down 2 rigs from last week to 967, with oil rigs up 1 to 789, gas rigs down 4 to 177, and miscellaneous rigs up 1 to 1. Canada Rig Count is up 12 rigs from last week to 119, with oil rigs up 11 to 80 and gas rigs up 1 to 39.
2019, June, 20, 17:25:00SAUDI ARABIA'S OIL PRODUCTION 9.9 MBD
Saudi Arabia’s crude oil production approached a four-year low, averaging an estimated 9.9 million barrels per day (b/d). Production declined more than 1 million b/d since its estimated all-time high production levels in October and November 2018
2019, June, 20, 17:20:00NORWAY'S PRODUCTION 1.6 MBD
Preliminary production figures for May 2019 show an average daily production of 1 599 000 barrels of oil, NGL and condensate, which is a decrease of 120 000 barrels per day compared to April.
2019, June, 18, 17:35:00OPEC+: GOOD WORK
OPEC and 10 non-OPEC partners, led by Russia, agreed in December to cut a combined 1.2 million b/d of production in the first half of 2019.