Oil
2019, August, 13, 13:10:00
LUKOIL'S PRODUCTION 2.3 MBD
For the six months of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,352 thousand boe per day, which is 2.8% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil production growth in Russia due to change in terms of the external limitations of Russian companies' production volumes.
2019, August, 12, 13:30:00
OIL PRICE: NEAR $58
International benchmark Brent crude futures were at $58.16 a barrel by 0829 GMT, down 37 cents from their previous settlement. U.S. West Texas Intermediate (WTI) futures were at $53.89 per barrel, down 61 cents from their last close.
2019, August, 12, 13:25:00
UNCERTAINT OIL DEMAND GROWTH
Now, the situation of the oil demand growth is becoming even more uncertain: the US-China trade dispute remains unresolved and in September new tariffs are due to be imposed.
2019, August, 12, 13:10:00
LNG FOR EUROPE DOWN 28%
European LNG imports in July fell 27.6% month on month to 6.8 Bcm due to weaker European pricing and a turndown in Qatari production, but a rebound in flows is expected in September
2019, August, 12, 12:50:00
ARAMCO NET INCOME $46.9 BLN
Brent crude futures were at $57.80 a barrel by 0854 GMT, up 42 cents from their previous settlement. West Texas Intermediate (WTI) futures were at $52.80 per barrel, up 26 cents.
2019, August, 12, 12:45:00
ARAMCO, RELIANCE DEAL 20%
Aramco signed a letter of intent to take a 20% stake in Reliance’s oil-to-chemicals business in one of the largest ever foreign investments in India, Reliance announced.
2019, August, 9, 13:15:00
OIL PRICE: ABOVE $57
Brent crude futures were at $57.80 a barrel by 0854 GMT, up 42 cents from their previous settlement. West Texas Intermediate (WTI) futures were at $52.80 per barrel, up 26 cents.
2019, August, 9, 13:10:00
ARAMCO STABILIZE OIL MARKET
Saudi Aramco will cut customer allocations across all regions by a total of 700,000 barrels a day next month,
2019, August, 9, 13:00:00
OCCIDENTAL, ANADARKO TRANSACTION: $55 BLN
Occidental Petroleum Corporation ("Occidental" or "the Company") (NYSE: OXY) today announced the successful completion of its acquisition of Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC) in a transaction valued at $55 billion, including the assumption of Anadarko’s debt.
2019, August, 8, 11:25:00
OIL PRICE: BELOW $58
Brent crude had rebounded to $57.81 a barrel, up $1.58, or 2.81%, from its last close by 0634 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $1.61, or 3.15%, to $52.70 a barrel.
2019, August, 8, 11:20:00
CHINA'S OIL IMPORTS UP 14%
China's arrivals of crude oil last month were 41.04 million tonnes, equivalent to 9.66 million barrels per day (bpd)
2019, August, 8, 11:15:00
TURKEY, RUSSIA COOPERATION
Russia expressed its readiness to cooperate with Turkey in its oil and gas explorations in the eastern Mediterranean.
2019, August, 8, 11:10:00
TURKEY, CYPRUS COOPERATION
Turkey has made continuous efforts to protect its sovereign rights and the rights of Turkish Cypriots in the Eastern Mediterranean region, where it has been drilling in its exclusive economic zone (EEZ), which was registered with the United Nations in 2004.
2019, August, 8, 11:05:00
INDIA'S DOWNSTREAM PROJECT UP TO $60 BLN
The new cost estimate of $60 billion for the refinery was given to Saudi Arabia’s energy minister Khalid al-Falih at a meeting with Indian Oil Minister Dharmendra Pradhan last month in New Delhi, said the four sources familiar with the talks between the two ministers.
2019, August, 7, 12:25:00
OIL PRICE: BELOW $59
Brent crude futures LCOc1 were down 11 cents, or nearly 2%, at 0823 GMT to set a fresh seven-month low. Prices have lost more than 20% since hitting their 2019 peak in April. U.S. West Texas Intermediate (WTI) crude futures CLc1 were flat at $53.63.