Oil
![Oil](/cache/01-19/PRICE-982.a8a1101e.jpg)
2019, January, 14, 12:20:00
OIL PRICE: NEAR $60
REUTERS - International Brent crude oil futures were at $59.88 per barrel at 0816 GMT, down 60 cents, or 1 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 59 cents, or 1.1 percent, at $51 a barrel.
![Oil](/cache/01-19/PRICE-979.b0c85090.jpg)
2019, January, 14, 12:10:00
RUSSIA'S OIL PRODUCTION DOWN 30 TBD
PLATTS - Russia has already lowered its oil output by around 30,000 b/d compared with October volumes, used as a baseline under the latest OPEC/non-OPEC crude production agreement, and still plans to reach a cut of 50,000 b/d by the end of January, Russian energy minister Alexander Novak said Friday.
![Oil](/cache/01-19/CHINA-194.834f7f04.jpg)
2019, January, 14, 12:05:00
CHINA'S OIL IMPORTS UP 10%
PLATTS - China's crude oil imports surged 29.9% year on year to 10.35 million b/d in December, bringing total imports to 9.28 million b/d in 2018, up 10.1% year on year, preliminary data from the General Administration of Customs showed Monday.
![Oil](/cache/01-19/PRICE-985.cb5d85b4.jpg)
2019, January, 14, 11:55:00
IRAN'S OIL FOR INDIA DOWN 41%
REUTERS - India’s oil imports from Iran fell by 41 percent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from U.S. sanctions took effect.
![Oil](/cache/01-19/PRICE-976.2ad40860.jpg)
2019, January, 14, 11:45:00
OIL NEED INVESTMENT
PLATTS - Oil prices averaging $70/b in 2018 underscore the need for more investment in new supply, UAE energy minister Suhail al-Mazrouei told delegates at the Atlantic Council's Global Energy Forum in Abu Dhabi on Saturday.
![Oil](/cache/01-19/SAUDI-112.c2b4bd53.jpg)
2019, January, 14, 11:20:00
SAUDI ARAMCO BONDS: $10 BLN
PLATTS - Saudi Arabia's state-owned oil giant Aramco will seek to sell around $10 billion in bonds to help fund the purchase of petrochemicals firm Sabic, Saudi energy minister Khalid al-Falih said Sunday.
![Oil](/cache/01-19/PAKISTAN-16.01aa7b98.jpg)
2019, January, 14, 11:15:00
SAUDI'S INVESTMENT FOR PAKISTAN: $10 BLN
REUTERS - Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan’s deepwater port of Gwadar, the Saudi energy minister said on Saturday, speaking at the Indian Ocean port that is being developed with the help of China.
![Oil](/cache/01-19/PRICE-973.5b061f45.jpg)
2019, January, 11, 11:55:00
OIL PRICE: NEAR $62
REUTERS - International Brent crude futures LCOc1 were at $61.62 per barrel at 0749 GMT, down 6 cents, or 0.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were 4 cents above their last settlement, at $52.63 per barrel.
![Oil](/cache/01-19/NORWAY-192.11ff8246.jpg)
2019, January, 11, 11:30:00
NORWAY'S PETROLEUM PRODUCTION WILL UP
NPD - The Norwegian Petroleum Directorate’s forecasts show that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023. Overall production will then approach the record year of 2004.
![Oil](/cache/01-19/PRICE-970.26e1b608.jpg)
2019, January, 9, 11:20:00
OIL PRICE: ABOVE $59
REUTERS - U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $50.42 per barrel at 0752 GMT, up 64 cents, or 1.3 percent, from their last settlement. That marked the first time this year that WTI has topped $50 a barrel. International Brent crude futures LCOc1 were up 69 cents, or 1.2 percent, at $59.41 per barrel.
![Oil](/cache/01-19/PRICE-690.18d13e40.jpg)
2019, January, 9, 11:15:00
OPEC OIL PRODUCTION DOWN 630 TBD
PLATTS - OPEC crude production in December tumbled 630,000 b/d month on month, an S&P Global Platts survey of industry officials, analysts and shipping data showed Tuesday, but the organization still has much more cutting to do to reach its new quotas for 2019.
![Oil](/cache/01-19/PRICE-675.4a7ee578.jpg)
2019, January, 9, 11:10:00
SAUDI'S OIL PRODUCTION DOWN 400 TBD
MEOG - Saudi Arabia reportedly cut its crude production by more than 400,000 barrels per day (bpd) in December 2018. Saudi crude production sat at 10.65 million bpd (mbpd) that month, down from 11.07 mbpd in November.
![Oil](/cache/01-19/VENEZUELA-51.f46d81a3.jpg)
2019, January, 9, 10:45:00
VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD
PLATTS - The US Energy Information Administration forecasts that Venezuelan oil production will fall below 1 million b/d in the second half of 2019, according to Erik Kreil, an international energy analysis team leader with the EIA.
![Oil](/cache/01-19/PRICE-568.f43f5ae6.jpg)
2019, January, 7, 10:00:00
OIL PRICE: NEAR $58
REUTERS - Brent crude futures LCOc1 were at $57.86 per barrel at 0538 GMT, up 80 cents, or 1.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $48.77 per barrel, up 81 cents, or 1.7 percent.
![Oil](/cache/01-19/USA-889-1.7acdc9f3.jpg)
2019, January, 7, 09:55:00
U.S. OIL INVENTORIES 441.4 MBBL
OGJ - US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, remained virtually unchanged for the week ended Dec. 28, 2018,