Oil
![Oil](/cache/01-19/PRICE-970.26e1b608.jpg)
2019, January, 9, 11:20:00
OIL PRICE: ABOVE $59
REUTERS - U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $50.42 per barrel at 0752 GMT, up 64 cents, or 1.3 percent, from their last settlement. That marked the first time this year that WTI has topped $50 a barrel. International Brent crude futures LCOc1 were up 69 cents, or 1.2 percent, at $59.41 per barrel.
![Oil](/cache/01-19/PRICE-690.18d13e40.jpg)
2019, January, 9, 11:15:00
OPEC OIL PRODUCTION DOWN 630 TBD
PLATTS - OPEC crude production in December tumbled 630,000 b/d month on month, an S&P Global Platts survey of industry officials, analysts and shipping data showed Tuesday, but the organization still has much more cutting to do to reach its new quotas for 2019.
![Oil](/cache/01-19/PRICE-675.4a7ee578.jpg)
2019, January, 9, 11:10:00
SAUDI'S OIL PRODUCTION DOWN 400 TBD
MEOG - Saudi Arabia reportedly cut its crude production by more than 400,000 barrels per day (bpd) in December 2018. Saudi crude production sat at 10.65 million bpd (mbpd) that month, down from 11.07 mbpd in November.
![Oil](/cache/01-19/VENEZUELA-51.f46d81a3.jpg)
2019, January, 9, 10:45:00
VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD
PLATTS - The US Energy Information Administration forecasts that Venezuelan oil production will fall below 1 million b/d in the second half of 2019, according to Erik Kreil, an international energy analysis team leader with the EIA.
![Oil](/cache/01-19/PRICE-568.f43f5ae6.jpg)
2019, January, 7, 10:00:00
OIL PRICE: NEAR $58
REUTERS - Brent crude futures LCOc1 were at $57.86 per barrel at 0538 GMT, up 80 cents, or 1.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $48.77 per barrel, up 81 cents, or 1.7 percent.
![Oil](/cache/01-19/USA-889-1.7acdc9f3.jpg)
2019, January, 7, 09:55:00
U.S. OIL INVENTORIES 441.4 MBBL
OGJ - US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, remained virtually unchanged for the week ended Dec. 28, 2018,
![Oil](/cache/01-19/IRAQ-55.097520db.jpg)
2019, January, 7, 09:50:00
IRAQ'S OIL PRODUCTION: 4.513 MBD
REUTERS - Iraq said on Friday it was committed to the OPEC+ output-cutting deal and would keep its oil production at 4.513 million barrels per day for the first half of 2019.
![Oil](/cache/01-19/LIBYA-32.e150e3f4.jpg)
2019, January, 7, 09:45:00
LIBYA'S OIL REVENUE UP 78%
REUTERS - Libya’s oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya’s National Oil Corporation (NOC) said in statement on Sunday.
![Oil](/cache/01-19/VENEZUELA-50.6d2d011f.jpg)
2019, January, 7, 09:40:00
VENEZUELA'S OIL EXPORTS DOWN AGAIN
BLOOMBERG - Home to the world’s biggest crude reserves, Venezuela exported 1.245 million barrels a day last year, the lowest since 1990, as production tumbles amid an economic and humanitarian crisis. Financial sanctions imposed by the U.S. have further tightened the screws on Venezuela’s ailing economy, while creditors have sought seize its assets including oil cargoes and its prized Citgo refineries in the U.S.
![Oil](/cache/01-19/PRICE-557.f0a9a377.jpg)
2019, January, 4, 12:10:00
OIL PRICE: ABOVE $56
REUTERS - Brent crude futures LCOc1 were at $56.33 per barrel at 0638 GMT, up 38 cents, or 0.7 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $47.73 per barrel, up 64 cents, or 1.4 percent.
![Oil](/cache/12-18/PRICE-524.73f39c20.jpg)
2019, January, 4, 12:05:00
ЦЕНА URALS: $70.01
МИНФИН РОССИИ - Средняя цена нефти марки Urals по итогам января – декабря 2018 года составила $ 70,01 за баррель.
В 2017 году средняя цена на Urals в январе – декабре составила $ 53,03 за баррель.
Средняя цена на нефть марки Urals в декабре 2018 года сложилась в размере $ 57,59 за баррель, что в 0,9 раза ниже, чем в декабре 2017 года ($63,61 за баррель)
![Oil](/cache/01-19/PRICE-562.5fa32c8c.jpg)
2019, January, 4, 12:00:00
RUSSIA'S OIL PRODUCTION: 11.16 MBD
REUTERS - Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on an annual average basis, data from its energy ministry showed.
![Oil](/cache/01-19/PRICE-554.bd74af43.jpg)
2019, January, 4, 11:55:00
OIL PRICE LEVEL: $60 - 70
MEOG - A $60-70 per barrel oil price level appears adequate to incentivise sufficient long-term supply. The cost to develop both tight oil resources and conventional upstream oil projects has declined significantly since the oil price collapse of 2015-16.
![Oil](/cache/01-19/PRICE-551.3fff8472.jpg)
2019, January, 4, 11:50:00
OPEC PRODUCTION DOWN 530 TBD
AB - oil output from the Organization of Petroleum Exporting Countries fell 530,000 barrels a day to 32.6 million a day last month. It’s the sharpest pullback since January 2017, when the group first embarked on its strategy to clear the glut created by rising supplies of US shale oil.
![Oil](/cache/01-19/SERVICE-1.6afff988.jpg)
2019, January, 4, 11:40:00
OFFSHORE OILFIELD SERVICES - 2019: $210 BLN
MEOG - An expected $210bn will be spent on offshore oilfield services globally next year, according to Rystad Energy’s latest project sanctioning report. Offshore contractors have experienced four consecutive years of declining revenues, but those still standing can expect revenues to start growing again next year.