Oil
![Oil](/cache/01-20/SANCTIONS-61.b259b880.jpg)
2020, January, 13, 15:45:00
THE NEW U.S. IRAN SANCTIONS
I, DONALD J. TRUMP, President of the United States of America, find that Iran continues to be the world's leading sponsor of terrorism and that Iran has threatened United States military assets and civilians through the use of military force and support to Iranian-backed militia groups.
![Oil](/cache/01-20/ADNOC-33.757c2bc1.jpg)
2020, January, 13, 15:35:00
ADNOC PRODUCTION 4 MBD
"At ADNOC we are well on track to increase crude oil production capacity to 4mbpd by the end of this year, and we made significant new discoveries last year that moved the UAE from the seventh to the sixth-largest in oil and gas reserves in the world," Al Jaber said.
![Oil](/cache/01-20/china-263.f17ff27d.jpg)
2020, January, 13, 15:30:00
CHINA'S CNOOC INVESTMENT $13 BLN
The increase in spending to between 85 billion and 95 billion yuan ($12.34 billion to $13.79 billion) compares with 2019 capital expenditure estimated at 80.2 billion yuan, slightly more than previous expectations.
![Oil](/cache/01-20/UAE-56.21a26070.jpg)
2020, January, 13, 15:25:00
UAE, INDONESIA INVESTMENT $23 BLN
In the petrochemical and gas sectors, Abu Dhabi National Oil Company (ADNOC) signed deals with Indonesian companies PT Pertamina [PERTM.UL] and PT Chandra Asri Petrochemicals (TPIA.JK), UAE state news agency WAM reported.
![Oil](/cache/01-20/INDIA-121.3042dbaf.jpg)
2020, January, 13, 15:20:00
INDIA'S ENERGY DEMAND COULD DOUBLE
Based on current policies, India’s energy demand could double by 2040, with electricity demand potentially tripling as a result of increased appliance ownership and cooling needs.
![Oil](/cache/01-20/ADNOC-35.00425375.jpg)
2020, January, 13, 15:15:00
ADNOC SUSTAINABILITY GOALS 2030
The Abu Dhabi National Oil Company, ADNOC, announced a set of comprehensive sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its longstanding commitment to environmental stewardship.
![Oil](/cache/01-20/rig-150.e9fdeaba.jpg)
2020, January, 13, 14:20:00
U.S. RIGS DOWN 15 TO 781
U.S. Rig Count is down 15 rigs from last week to 781, Canada Rig Count is up 118 rigs from last week to 203
![Oil](/cache/01-20/PRICE-82.c3d48555.jpg)
2020, January, 10, 11:55:00
OIL PRICE: ABOVE $65
Brent were up 26 cents, or 0.38%, to $68.53, WTI gained 10 cents, or 0.16%, to $62.80 a barrel.
![Oil](/cache/01-20/NORWAY-271.e15ed92e.jpg)
2020, January, 10, 11:20:00
NORWAY'S OIL WILL UP
The Norwegian Petroleum Directorate projects that the overall production of oil and gas in 2024 will be close to the record year 2004 – among other things due to Sverdrup and because the Johan Castberg field in the Barents Sea is scheduled to come on stream in 2022.
![Oil](/cache/01-20/RIG-149.3d08a522.jpg)
2020, January, 10, 11:00:00
WORLDWIDE RIG COUNT UP 1 TO 2,043
The worldwide rig count for December 2019 was 2,043, up 1 from the 2,042 counted in November 2019, and down 201 from the 2,244 counted in December 2018.
![Oil](/cache/01-20/PRICE-78.9de5e546.jpg)
2020, January, 8, 14:45:00
OIL PRICE: NEAR $69
Brent were up 26 cents, or 0.38%, to $68.53, WTI gained 10 cents, or 0.16%, to $62.80 a barrel.
![Oil](/cache/01-20/PRICE-76.8cefe791.jpg)
2020, January, 8, 14:25:00
OIL MARKET IS WELL-SUPPLIED
"The market is well-supplied," Suhail Mazrouei said in Abu Dhabi. "I would say now we are not forecasting a shortage of supply unless we have a catastrophic escalation which we don't see."
![Oil](/cache/01-20/OIL-3.7232a295.jpg)
2020, January, 8, 14:20:00
INDIA'S FISCAL PAINS
expects India's oil demand to grow by 170,000 b/d in 2020, up from 155,000 b/in 2019.
![Oil](/cache/01-20/eni-33.bf6e2e73.jpg)
2020, January, 8, 14:05:00
ENI'S MIDDLE EAST STRATEGY
The best story, really, is in the Middle East, because we have Abu Dhabi, which became our logistic and technological hub in the region. We have all our people here, and we set up very quickly.
![Oil](/cache/01-20/PRICE-75.08d3d204.jpg)
2020, January, 6, 11:25:00
OIL PRICE: NEAR $70
Brent soared to a high of $70.74 a barrel, WTI was at $64.15 a barrel,