Oil
2019, May, 23, 11:55:00
NORWAY'S PRODUCTION 1.7 MBD ANEW
NPD - Preliminary production figures for April 2019 show an average daily production of 1 729 000 barrels of oil, NGL and condensate, which is a decrease of 24 000 barrels per day compared to March.
2019, May, 22, 11:00:00
OIL PRICE: NEAR $72 AGAIN
Brent crude futures were down 39 cents, or 0.5 percent, at $71.79 at barrel. WTI crude futures for July delivery were down 59 cents, or 0.9 percent, at $62.54.
2019, May, 21, 15:55:00
OIL PRICE: ABOVE $72 ANEW
Brent crude futures, the international benchmark for oil prices, were at $72.31 per barrel at 1030 GMT, up 34 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 42 cents, or 0.7 percent, at $63.52 per barrel.
2019, May, 21, 15:45:00
BALANCED OIL MARKET
Following its 14th Meeting, which took place on 19 May 2019, in Jeddah, the Kingdom of Saudi Arabia, the Joint Ministerial Monitoring Committee (JMMC) has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals.
2019, May, 21, 15:40:00
OPEC+ WILL STAY
"We want to bring inventories down to a more normal levels," Falih said. "We need to stay the course and do that in the weeks and months to come."
2019, May, 21, 15:35:00
OPEC+ RUSSIA COOPERATION
Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end, from easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets.
2019, May, 21, 15:25:00
KASHAGAN OIL WILL UP TO 400 TBD
"Work to increase production to full capacity will continue, and in early June Kashagan should reach production levels of 370,000-400,000 b/d due to the work carried out during the maintenance," it said.
2019, May, 20, 12:00:00
OIL PRICE: NEAR $73
Brent crude was up by 90 cents, or 1.3%, at $73.11 a barrel, U.S. West Texas Intermediate crude was up 71 cents, or 1.1% higher, at $63.47 a barrel.
2019, May, 20, 11:40:00
OPEC+ ISN'T COMPLETE
OPEC+ would take action to offset losses of Iranian supply if market fundamentals justified it. However, no policy changes will be made until the next full OPEC+ meeting in Vienna, in June.
2019, May, 20, 11:30:00
VENEZUELA'S OIL DISCOUNT
Crudes are being priced at Dated Brent discounts between $15/b and $17/b, FOB, according to a PDVSA report.
2019, May, 20, 11:25:00
IRAN'S OIL EXPORTS DOWN
Iran has sent abroad between 250,000 bpd and 500,000 bpd of oil so far in May, according to two industry sources who track the flows. Data from Refinitiv Eikon put crude shipments at about 250,000 bpd and exports of crude and condensate, a light oil, at about 400,000 bpd.
2019, May, 20, 11:20:00
LIBYA'S OIL: 95% AT RISK
Libya is currently pumping almost 1.3 million b/d, National Oil Corporation Chairman Mustafa Sanalla told reporters. While production and exports have so far been unaffected by the recent escalation in fighting between the self-styled Libyan National Army, forces loyal to the UN-backed government and other militia groups, the violence threatens to destroy oil fields and export infrastructure, he said.
2019, May, 20, 11:10:00
U.S. OIL PRODUCTION 12.1 MBD
U.S. crude oil production sustained a record-tying 12.1 million barrels per day (mb/d) in April while total petroleum demand was the highest for the month since 2007 at 20.2 million barrels per day.
2019, May, 17, 08:00:00
OIL PRICE: ABOVE $72
July ICE Brent crude futures were up 35 cents/b (0.48%) from Thursday's settle to $72.97/b, while the NYMEX June light sweet crude contract gained 41 cents/b (0.65%) at $63.28/b.
2019, May, 17, 07:55:00
OIL NEED PEACE
The region needs more peace and stability to ensure the flow of oil supplies, Mohammad Sanusi Barkindo, Secretary-General of the Organisation of the Petroleum Exporting Countries, OPEC, has said, noting that, "Any tension that occurs in the region affects the whole world."