Oil
![Oil](/cache/06-20/saudi-167.ac599010.jpg)
2020, June, 8, 13:35:00
SAUDI ARABIA REVENUE DOWN 20%
Saudi Arabia's total oil export revenue for Q1 was Riyal 149.95 billion, down from Riyal 192.03 billion for the same quarter the previous year.
![Oil](/cache/06-20/iraq-74.d4dd4c12.jpg)
2020, June, 8, 13:25:00
IRAQ OIL PRODUCTION 4.2 MBD
Iraq's output was well above its quota of 3.592 million b/d for May and June. as agreed under the historic production cuts of OPEC and its allies, led by Russia.
![Oil](/cache/06-20/energy-141.594ee3ac.jpg)
2020, June, 8, 13:20:00
GLOBAL ENERGY INVESTMENT WILL DOWN $400 BLN
The spread of the Covid-19 pandemic has upended these expectations, and 2020 is now set to see the largest decline in energy investment on record, a reduction of one-fifth – or almost USD 400 billion – in capital spending compared with 2019.
![Oil](/cache/06-20/lukoil-53.822eedac.jpg)
2020, June, 8, 12:50:00
LUKOIL NET LOSS RUB 46 BLN
In the first quarter of 2020, LUKOIL booked a loss attributable to shareholders in the amount of RUB 46.0 bln.
![Oil](/cache/06-20/rig-172.e93fddfd.jpg)
2020, June, 8, 12:45:00
WORLDWIDE RIG COUNT DOWN 338 TO 1,176
The worldwide rig count for May 2020 was 1,176, down 338 from the 1,514 counted in April 2020
![Oil](/cache/06-20/rig-171.5841ad29.jpg)
2020, June, 8, 12:40:00
U.S. RIGS DOWN 17 TO 284
U.S. Rig Count is down 17 rigs from last week to 284, Canada Rig Count is up 1 rig from last week to 21
![Oil](/cache/06-20/price-474.0735738d.jpg)
2020, June, 5, 12:45:00
OIL PRICE: ABOVE $40
Brent were up 27 cents, or 0.7%, at $40.26 a barrel, WTI rose 17 cents, or 0.5%, to $37.58 a barrel.
![Oil](/cache/06-20/price-469.4ec3e9fe.jpg)
2020, June, 5, 12:40:00
OPEC+ MEETING: JUNE 6
A delegate-level OPEC+ technical committee, co-chaired by Saudi Arabia and Russia, is scheduled to meet June 5 to discuss market conditions and review compliance.
![Oil](/cache/06-20/sanctions-73.071dbf77.jpg)
2020, June, 5, 12:35:00
NORD STREAM 2: THE NEW SANCTIONS
Many politicians and energy companies in Germany support Nord Stream 2
![Oil](/cache/06-20/norway-36.e70699d8.jpg)
2020, June, 5, 12:15:00
NORWAY CUT INVESTMENT
Oil companies, including Norway’s state-controlled Equinor, have said they intend to reduce both operating and capital spending in order to preserve cash during the downturn.
![Oil](/cache/06-20/price-468.697134f9.jpg)
2020, June, 4, 11:40:00
OIL PRICE: ABOVE $39 ANEW
Brent fell 1.18%, or 47 cents, to $39.32 a barrel, WTI slid 1.80%, or 67 cents, to $36.62 a barrel.
![Oil](/cache/06-20/price-466.91360a79.jpg)
2020, June, 4, 11:35:00
OIL DEFICIT 5 MBD
Russian Energy Minister Alexander Novak said on Thursday that the global oil market may see a shortage of 3-5 million barrels per day (bpd) in July, depending on the parameters of a deal to be reached by OPEC+ producers,
![Oil](/cache/06-20/price-465.9b856e3f.jpg)
2020, June, 3, 13:10:00
OIL PRICE: NEAR $40
Brent were up 59 cents, or 1.5%, at $40.16 a barrel, WTI gained 80 cents, or 2.2%, to $37.61.
![Oil](/cache/06-20/price-459.0ff6fe98.jpg)
2020, June, 3, 12:50:00
U.S. SHALE RECOVERY
U.S. shale oil producers signaling they are ready to re-open wells that were shut during the market’s collapse.
![Oil](/cache/06-20/brazil-4.57349033.jpg)
2020, June, 3, 12:40:00
BRAZIL'S PETROLEUM PRODUCTION 3.7 MBD
Companies operating in Brazil pumped 3.738 million b/d of oil equivalent in April