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.
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
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.
2020, September, 9, 11:15:00
OIL PRICE: NOT BELOW $40
Brent was down 19 cents, or 0.5%, at $39.59 a barrel, WTI was down 24 cents, or 0.7%, at $36.52 a barrel,
2020, September, 8, 12:50:00
OIL PRICE: NOT BELOW $41
Brent fell 50 cents, or 1.2%, to $41.51 a barrel, WTI dropped $1.05, or nearly 3%, to $38.72.
2020, September, 8, 12:45:00
OPEC+ STABILIZES MARKET
Saudi Arabia and Russia agreed to further closely coordinate their work on production cuts, trade and investments.
2020, September, 7, 11:40:00
OIL PRICE: NOT BELOW $42
Brent was at $42.11 a barrel, WTI skidded 64 cents, or 1.6%, to $39.13 a barrel
2020, September, 7, 11:30:00
OIL PRICES 2021: $50-$55
"My forecast is that the average oil price will be $50-$55/b. But we should expect volatility in general," Novak said.
2020, September, 7, 10:50:00
WORLDWIDE RIG COUNT UP 20 TO 1,050
The worldwide rig count for August 2020 was 1,050, up 20 from the 1,030 counted in July 2020
2020, September, 7, 10:45:00
U.S. RIGS UP 2 TO 256
U.S. Rig Count is up 2 from last week to 256, Canada Rig Count is down 2 rigs from last week to 52
2020, September, 4, 12:30:00
OIL PRICE: NOT BELOW $44
Brent was up 5 cents, or 0.1%, to $44.12, WTI fell 3 cents to $41.34
2020, September, 3, 12:50:00
OIL PRICE: BELOW $44
Brent fell 79 cents, or 1.8%, to $43.64 a barrel, WTI were down 67 cents, or 1.6%, at $40.84 a barrel.
2020, September, 3, 12:45:00
U.S. OIL INVENTORIES DOWN BY 9.4 MB TO 498.4 MB
U.S. commercial crude oil inventories decreased by 9.4 million barrels to 498.4 million barrels,
2020, September, 2, 13:15:00
OIL PRICE: BELOW $46 YET
Brent was up 37 cents, or 0.8%, to $45.95 a barrel, WTI rose 34 cents, or 0.8%, to $43.10.
2020, September, 2, 12:50:00
UAE OIL PRODUCTION +103 TBD
That is 103,000 b/d above UAE quota of 2.590 million b/d, under the OPEC+ supply accord
