Oil
![Oil](/cache/02-20/coronavirus-2.a5679fd2.jpg)
2020, February, 26, 09:55:00
CORONAVIRUS BRIEFLY: ARAMCO
The global impact of coronavirus will only be “short term”, according to the CEO of Saudi Aramco.
![Oil](/cache/02-20/PRICE-144.110b7e1c.jpg)
2020, February, 24, 10:50:00
OIL PRICE: NEAR $57
Brent fell by $1.42, or 2.4%, to $57.08 a barrel, WTI fell by $1.26, or 2.4%, to $52.12.
![Oil](/cache/02-20/ANTARCTICA-1.bb1768ec.jpg)
2020, February, 24, 10:35:00
RUSSIA'S ANTARCTIC OIL GAS POTENTIAL
Unlike the Arctic, which is open to hydrocarbon exploration, the Antarctic's mineral resources, including oil and gas, are protected by amendments to the 1959 Antarctic Treaty, to which Russia is a signatory.
![Oil](/cache/02-20/RIG-156.95812376.jpg)
2020, February, 24, 09:55:00
U.S. RIGS UP 1 TO 791
U.S. Rig Count is up 1 rig from last week to 791, Canada Rig Count is down 11 rigs from last week to 244
![Oil](/cache/02-20/ANGOLA-2.848857ce.jpg)
2020, February, 21, 15:20:00
ENI FIND ANGOLA'S OIL
Eni upped its resource estimate at its Angolan offshore field Agogo by over 40%
![Oil](/cache/02-20/PRICE-141.e87acea9.jpg)
2020, February, 21, 12:35:00
OIL PRICE: ABOVE $58 YET
Brent was down 64 cents, or 1.1%, at $58.67 a barrel, WTI dropped 54 cents, or 1%, at $53.34 a barrel.
![Oil](/cache/02-20/PRICE-139.da891216.jpg)
2020, February, 21, 12:30:00
OIL MARKET: NOTHING URGENT
Despite the partial recovery, oil prices are still far below the level many OPEC members need for their budgets to balance.
![Oil](/cache/02-20/NORWAY-15.ecf418d3.jpg)
2020, February, 21, 12:00:00
NORWAY'S JANUARY PETROLEUM PRODUCTION 1.963 MBD
Norway's Preliminary production figures for January 2020 show an average daily production of 1 963 000 barrels of oil, NGL and condensate
![Oil](/cache/02-20/PETROBRAS-36.5635f949.jpg)
2020, February, 21, 11:45:00
PETROBRAS NET INCOME $10.2 BLN
Petrobras highlights of the 2019 result:
- Adjusted EBITDA was US$ 32.7billion, an increase of 3.8% in relation to 2018, due to lower production costs and lower contingencies.
- Net income reached US$ 10.2 billion, mainly reflecting gains with asset sales.
- The adjusted net debt / LTM Adjusted EBITDA ratio increased to 2.41x, applying the effects of IFRS 16, from 2.20x in 2018. Once these effects were eliminated, the index would have been 1.95x.
- The remuneration to shareholders in the form of dividends and interest on capital was R$ 10.6 billion, equivalent to R$ 0.73 per common andR$ 0.92 per preferred share in circulation.
![Oil](/cache/02-20/SANTOS-12.36edc712.jpg)
2020, February, 21, 11:40:00
AUSTRALIA'S SANTOS NET PROFIT $674 MLN
Santos has delivered strong financial results with EBITDAX1 up 14% to a record US$2.5 billion and free cash flow1 up 13% to over US$1.1 billion. Reported net profitafter tax increased by 7% to US$674 million.
![Oil](/cache/02-20/NOVATEK-52.ca1bbc94.jpg)
2020, February, 21, 11:35:00
NOVATEK'S PROFIT: +430%
Profit attributable to shareholders of PAO NOVATEK increased to RR 865.5 billion (RR 287.39 per share), or 5.3 times, as compared to 2018.
![Oil](/cache/02-20/PRICE-133.0a6588c2.jpg)
2020, February, 19, 12:00:00
OIL PRICE: ABOVE $58
Brent was up by 51 cents, or 0.9%, at $58.26 a barrel, WTI was up 55 cents, or 1.1%, at $52.60 a barrel.
![Oil](/cache/02-20/OIL-9.2430b100.jpg)
2020, February, 19, 11:55:00
GLOBAL OIL DEMAND 2020: 100.73 MBD
Oil demand growth in 2020 is revised down by 0.23 mb/d from the previous month’s assessment. With this, global oil demand is now forecast to grow by 0.99 mb/d and average 100.73 mb/d for 2020,
![Oil](/cache/02-20/OIL-10.a4f6c6f4.jpg)
2020, February, 19, 11:50:00
GLOBAL PETROLEUM DEMAND WILL UP BY 1.0 MBD
EIA now expects global petroleum and liquid fuels demand will rise by 1.0 million b/d in 2020, which is lower than the forecast increase in the January STEO of 1.3 million b/d in 2020, and by 1.5 million b/d in 2021.
![Oil](/cache/02-20/OIL-8.d5a8fac1.jpg)
2020, February, 19, 11:45:00
OIL DEMAND GROWTH DOWN TO 825 KBD
We have cut our 2020 oil demand growth forecast by 365 kb/d to 825 kb/d, the lowest since 2011.