Oil
![Oil](/cache/12-19/usa-16.c3f61717.jpg)
2019, December, 18, 13:10:00
U.S. PRODUCTION: OIL + 30 TBD, GAS + 77 MCFD
Crude oil production from the major US onshore regions is forecast to increase 30,000 b/d month-over-month in December from 9,105 to 9,135 thousand barrels/day, gas production to increase 77 million cubic feet/day from 85,521 to 85,598 million cubic feet/day .
![Oil](/cache/12-19/reliance-005.1c773c3c.jpg)
2019, December, 18, 12:50:00
BP, RELIANCE NETWORK IN INDIA
BP and Reliance Industries Limited (RIL) signed a definitive agreement relating to the formation of their new Indian fuels and mobility joint venture. This follows the initial heads of agreement signed in August this year.
![Oil](/cache/12-19/PRICE-56.940b35c9.jpg)
2019, December, 16, 14:00:00
OIL PRICE: ABOVE $65
Brent 17 cents or 0.3% to $65.39 a barrel, WTI was up 10 cents or 0.2% to $60.17 a barrel.
![Oil](/cache/12-19/PRICE-54.c3839303.jpg)
2019, December, 16, 13:30:00
IEA: OIL DEMAND UP 0.9 MBD
Global oil demand increased by 900 kb/d y-o-y in 3Q19, the strongest annual growth in a year. Nearly three-quarters of the growth occurred in China.
![Oil](/cache/12-19/EGYPT-38.45e05c8d.jpg)
2019, December, 16, 13:25:00
UAE, EGYPT RELATIONS
Commenting on the strategic cooperation between ECI and ECGE, Massimo Falcioni, CEO of ECI, said, "Taking into account the very strong non-oil trade relations between Egypt and the United Arab Emirates, this agreement will pave the way for the identification and development of more business opportunities. ECI’s partnership with ECGC will not only reinforce the existing partnership between the two countries but will also boost the regional and global competitiveness of local businesses."
![Oil](/cache/12-19/SAUDI-152.466bde23.jpg)
2019, December, 16, 13:10:00
SAUDI ARAMCO $2 TLN
Saudi Aramco (2222.SE) hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up a second day of gains, despite some scepticism about the state-owned oil firm’s value.
![Oil](/cache/12-19/SHELL-103.2ef5f6eb.jpg)
2019, December, 16, 13:05:00
SHELL CREDIT FACILITY $10 BLN
Royal Dutch Shell plc (“Shell”) announces that it has signed a $10 billion revolving credit facility. The new facility replaces Shell’s existing $8.84 billion revolving credit facility and is provided by a syndicate of 25 banks.
![Oil](/cache/12-19/WEATHERFORD-24.5d3d1fb8.jpg)
2019, December, 16, 13:00:00
WEATHERFORD FINANCIAL RESTRUCTURING
Weatherford International plc announced that it has completed its financial restructuring and emerged from chapter 11 protection.
![Oil](/cache/12-19/RIG-145.2b81e4f0.jpg)
2019, December, 16, 12:55:00
U.S. RIGS UP 0 TO 799
U.S. Rig Count is unchanged from last week at 799, Canada Rig Count is up 15 rigs from last week to 153,
![Oil](/cache/12-19/PRICE-52.f921c838.jpg)
2019, December, 13, 11:10:00
OIL PRICE: ABOVE $64
Brent climbed 47 cents, or 0.7%, to $64.67 a barrel, WTI was up 34 cents, or 0.6%, to $59.52 a barrel,
![Oil](/cache/12-19/gazprom-277.96f0f9e7.jpg)
2019, December, 13, 10:55:00
GAZPROM'S INVESTMENT 2020: RUB 1,104.7 BLN
Gazprom's overall amount of investments for 2020: RUB 1,104.7 billion.
Gazprom's borrowings for 2020: RUB 557.8 billion.
Final investment program and budget to be approved by Gazprom Board of Directors.
![Oil](/cache/12-19/gazprom-278.aff54258.jpg)
2019, December, 13, 10:50:00
SUSTAINABLE POSITION OF GAZPROM
The meeting participants pointed out that the events of 2019 had no tangible impact on the long-term outlook for the global energy market. Gazprom's positions will remain stable in the long run thanks to, inter alia, enormous gas reserves, well-developed production and transmission infrastructure, and the ongoing effort to diversify export areas and routes.
![Oil](/cache/12-19/china-260.9b5edb23.jpg)
2019, December, 13, 10:45:00
CHINA'S GAS CONSUMPTION UP TO 320 BCM
Gas consumption this year is seen exceeding 300 bcm, up 9% from 2018, Jiang Xuefeng, vice chairman at CNPC’s Economics and Technology Research Institute (ETRI), said at a briefing in Beijing on Thursday.
![Oil](/cache/12-19/ARAMCO-7.94cbe9db.jpg)
2019, December, 13, 10:35:00
SAUDI ARAMCO LISTED $25.6 BLN
The Kingdom of Saudi Arabia sold 3 billion shares (excluding any exercise of the Purchase Option), equivalent to 1.5% of the Company’s share capital. Priced at the top of the indicated range, the Offering generated proceeds of SAR96.0 billion / USD25.6 billion (assuming no exercise of the Purchase Option), making it the world’s largest IPO.
![Oil](/cache/12-19/CHEVRON-37.d1f93c55.jpg)
2019, December, 13, 10:30:00
CHEVRON INVESTMENT $20 BLN FOR 2020
Chevron Corporation announced a 2020 organic capital and exploratory spending program of $20 billion.