Oil
![Oil](/cache/02-19/CONOCOPHILLIHS-19.ba6dcfba.jpg)
2019, February, 1, 10:35:00
CONOCO EARNINGS $5.3 BLN
CONOCOPHILLIPS - Full-year 2018 earnings were $6.3 billion, or $5.32 per share, compared with a full-year 2017 net loss of $0.9 billion, or ($0.70) per share. Excluding special items, full-year 2018 adjusted earnings were $5.3 billion, or $4.54 per share, compared with full-year 2017 adjusted earnings of $0.7 billion, or $0.60 per share.
![Oil](/cache/01-19/PRICE-051.f11ee805.jpg)
2019, January, 30, 11:40:00
OIL PRICE: ABOVE $61
REUTERS - U.S. West Texas Intermediate (WTI) crude futures were at $53.43 per barrel at 0644 GMT, up 12 cents, or 0.2 percent, above their last settlement. International Brent crude oil futures rose 21 cents, or 0.3 percent, to $61.53 per barrel.
![Oil](/cache/01-19/VENEZUELA-57.f0914b54.jpg)
2019, January, 30, 11:35:00
WEAK VENEZUELA SANCTIONS
OGJ - “The sanctions will affect refinery margins in the US. Now they will have to import heavy crude from the Middle East at a premium. US refiners will be amongst the biggest losers, as we have noted earlier,” Rodriguez-Masiu said.
![Oil](/cache/01-19/Venezuela-53.fb64fdeb.jpg)
2019, January, 30, 11:30:00
U.S., VENEZUELA SANCTIONS ALWAYS
PLATTS - The Trump administration announced Monday that it will sanction PDVSA, Venezuela's state-owned oil company, a move that could suspend roughly 500,000 b/d of Venezuelan crude exports to US Gulf Coast refineries and shut down US exports of diluents to the South American nation.
![Oil](/cache/01-19/OIL-524.bef3c2ac.jpg)
2019, January, 30, 10:55:00
OIL, GAS INVESTMENT DOWN
BLOOMBERG - Investment in oil and gas production collapsed by about $350 billion, or more than 40 percent, from 2014 to 2016 -- the sharpest contraction since the 1980s -- after crude fell from over $120 a barrel to less than $30, according to the International Energy Agency. The number of new projects approved in 2017 dwindled to the lowest in 70 years, the Paris-based agency said.
![Oil](/cache/01-19/LIBYA-34.677608c8.jpg)
2019, January, 30, 10:50:00
LIBYA NEED INVESTMENT $60 BLN
PLATTS - Libya's state National Oil Corp. is targeting a $60 billion overhaul of its oil and gas sector as it strives to reach a pre-civil war output level of around 1.6 million b/d by the end of this year.
![Oil](/cache/01-19/PRICE-048.cf365cdd.jpg)
2019, January, 28, 10:35:00
OIL PRICE: NEAR $61
REUTERS - U.S. crude oil futures were at $53.13 per barrel at 0543 GMT, down 56 cents, or 1 percent, from their last settlement. International Brent crude oil futures were at $61.03 a barrel, down 61 cents, or 1 percent.
![Oil](/cache/01-19/PRICE-042.06b957fd.jpg)
2019, January, 28, 10:25:00
OIL UNDER SIEGE
REUTERS - “There is no doubt - and there is a consensus coming here in various meetings in Davos - that our industry is literally under siege and the future of oil is at stake,” said Mohammed Barkindo, secretary-general of oil producer group OPEC.
![Oil](/cache/01-19/PRICE-045.464519cf.jpg)
2019, January, 28, 10:20:00
CHINA FOR VENEZUELA: $50 BLN
REUTERS - China has lent over $50 billion to Venezuela through oil-for-loan agreements over the past decade, securing energy supplies for its fast-growing economy.
![Oil](/cache/01-19/usa-905.ba35486b.jpg)
2019, January, 28, 10:15:00
U.S. OIL PRODUCTION 11.7 MBD
API - U.S. production of crude oil (11.7 mb/d) and natural gas liquids (NGLs) (4.8 mb/d); Crude oil exports (2.4 mb/d, tie with Nov. 2018);
![Oil](/cache/01-19/usa-904.94f79b92.jpg)
2019, January, 28, 10:05:00
U.S. ENERGY OUTLOOK 2019
EIA - U.S. crude oil production continues to set annual records through the mid-2020s and remains greater than 14.0 million barrels per day (b/d) through 2040. The continued development of tight oil and shale gas resources, particularly those in the East and Southwest regions, supports growth in NGPL production—which reaches 6.0 million b/d by 2030—and dry natural gas production. Dry natural gas production reaches 43.4 trillion cubic feet by 2050.
![Oil](/cache/01-19/ADNOC-17.d95f4152.jpg)
2019, January, 28, 09:50:00
ENI, OMV, ADNOC: $5.8 BLN
REUTERS - Italy’s Eni and Austria’s OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Company’s (ADNOC) refining business and establish a new trading operation owned by the three partners.
![Oil](/cache/01-19/PRICE-039.8f709d54.jpg)
2019, January, 25, 09:20:00
OIL PRICE: NOT ABOVE $62 AGAIN
REUTERS - International Brent crude oil futures were at $61.89 a barrel at 0246 GMT, 80 cents, or 1.3 percent, above their last close. U.S. West Texas Intermediate (WTI) crude futures were at $53.90 per barrel, up 77 cents, or 1.5 percent.
![Oil](/cache/01-19/CHINA-202.d93c8284.jpg)
2019, January, 25, 08:45:00
RUSSIA'S OIL FOR CHINA UP 19.7%
REUTERS - Oil imports from Russia reached 7.04 million tons, or 1.658 million barrels per day, in December, up 40 percent from 5.03 million tons a year earlier, according to the data from the General Administration of Customs. For the full year, Russian oil imports rose to 71.49 million tons, or 1.43 million bpd, up 19.7 percent from 59.7 million tons in 2017.
![Oil](/cache/01-19/Venezuela-52.ff93419b.jpg)
2019, January, 25, 08:20:00
U.S. - VENEZUELA SANCTIONS
PLATTS - Chevron, PBF Energy, Valero and Citgo, which is owned by PDVSA, are the largest US refiners of Venezuelan crude, according to the US Energy Information Administration. Spokesmen for those four companies did not respond to requests for comment Wednesday.