Oil
![Oil](/cache/11-18/PRICE-399.4990952c.jpg)
2018, November, 9, 15:45:00
OIL PRICE: NEAR $69
REUTERS - Brent dropped $1.52 to a low of $69.13 before recovering to around $69.60 by 1135 GMT, down 4.5 percent for the week and approaching 16 percent this quarter. U.S. light crude CLc1 fell to an eight-month low below $60 a barrel, hitting a trough of $59.28, down $1.39 and off more than 20 percent since early October. That puts the U.S. contract officially in “bear market” territory, borrowing a definition commonly used in stock markets.
![Oil](/cache/11-18/PRICE-396.b2f0d1e2.jpg)
2018, November, 9, 15:35:00
SAUDIS OIL RECORD: 10.67 MBD
PLATTS - Saudi Arabia pumped 10.67 million b/d in the month, its most in the 30-year history of the Platts OPEC survey, while key ally the UAE also set an all-time high at 3.17 million b/d. Libya produced its most since June 2013 at 1.10 million b/d.
![Oil](/cache/11-18/CHINA-184.0ccb7405.jpg)
2018, November, 9, 15:30:00
CHINA'S OIL IMPORTS UP
PLATTS - China's crude oil imports surged almost 32% year on year to 9.65 million b/d or 40.8 million mt in October, preliminary data from the General Administration of Customs showed
![Oil](/cache/11-18/PRICE-393.0cee9a15.jpg)
2018, November, 9, 15:25:00
IRAN SANCTIONS ANEW
PLATTS - US sanctions are expected to bring Iranian crude exports down to 1.1 million b/d in November, and 850,000 b/d in the fourth quarter of 2019, down from an average of 2.686 million b/d in April and May,
![Oil](/cache/11-18/eia-46.631cf907.jpg)
2018, November, 9, 15:20:00
GLOBAL OIL INVENTORIES WILL UP
U.S. EIA - Global inventories are projected to increase and put downward pressure on crude oil prices.
![Oil](/cache/11-18/PRICE-387.fcfb4714.jpg)
2018, November, 7, 11:50:00
OIL PRICE: NEAR $72 YET
REUTERS - Front-month Brent crude oil futures LCOc1 were at $71.83 per barrel at 0750 GMT, down 30 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude CLc1 was at $61.84, down 37 cents, or 0.6 percent.
![Oil](/cache/11-18/SANCTIONS-33.2efb990b.jpg)
2018, November, 7, 11:40:00
THE NEW IRAN SANCTIONS
U.S. DT - “Treasury’s imposition of unprecedented financial pressure on Iran should make clear to the Iranian regime that they will face mounting financial isolation and economic stagnation until they fundamentally change their destabilizing behavior. Iran’s leaders must cease support for terrorism, stop proliferating ballistic missiles, end destructive regional activities, and abandon their nuclear ambitions immediately if they seek a path to sanctions relief,”
![Oil](/cache/11-18/IRAN-165.b975cfb0.jpg)
2018, November, 7, 11:30:00
IRANIAN OIL SELLING
SHANA - “The Americans have constantly said they would bring Iran’s oil sales to zero, but l have to say that we have been able to sell oil as much as we need up until today,” Jahangiri noted in remarks on Tuesday.
![Oil](/cache/11-18/IRAN-164.4b47eaf7.jpg)
2018, November, 7, 11:25:00
IRAN SANCTIONS EXEMPTION
REUTERS - The United States on Monday restored sanctions targeting Iran’s oil, banking and transport sectors and threatened more action. Treasury Secretary Steven Mnuchin said Washington aimed to bring Iranian oil exports to zero, but 180-day exemptions were granted to eight importers: China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey.
![Oil](/cache/11-18/PRICE-384.aa3d7686.jpg)
2018, November, 7, 11:20:00
TURKEY: NO IRAN SANCTIONS
REUTERS - President Tayyip Erdogan said on Tuesday Turkey would not abide by the renewed U.S. sanctions on Iran’s oil and shipping industries, adding that they were aimed at “unbalancing the world”.
![Oil](/cache/11-18/ROSNEFT-134.bae5f7be.jpg)
2018, November, 7, 11:15:00
ROSNEFT: NET INCOME UP BY 3.4 TIMES
ROSNEFT - 3Q 2018 EBITDA growth by 13.8% QoQ up to RUB 643 bln, 9M 2018 EBITDA growth by 1.6 times YoY up to RUB 1,593 bln with margins improvement
9M 2018 Net Income jumped by 3.4 times YoY up to RUB 451 bln
Free Cash Flow improvement in 3Q 2018 by more than 2 times QoQ up to RUB 509 bln and over 4 times YoY up to RUB 872 bln
![Oil](/cache/11-18/ROSNEFT-135.87f32332.jpg)
2018, November, 7, 11:10:00
ROSNEFT'S PRODUCTION 5.83 MBD
ROSNEFT - Q3 2018 AVERAGE DAILY HYDROCARBON PRODUCTION REACHED 5.83 MMBOE, DEMONSTRATING A 2.1% GROWTH VS. Q2 2018 LEVEL
![Oil](/cache/11-18/PETROBRAS-30.ddb2bb38.jpg)
2018, November, 7, 10:50:00
PETROBRAS NET INCOME $6.6 BLN
PETROBRAS - Net income attributable to the shareholders of Petrobras was US$ 6,622 million in 9M-2018, a 315% increase compared to US$ 1,596 million in 9M-2017. The result improved mainly due to increase in domestic oil products and oil exports margins and to the drop in net finance expenses.
![Oil](/cache/11-18/CHEVRON-32.31ea24b4.jpg)
2018, November, 7, 10:45:00
CHEVRON'S NET INCOME $4 BLN
CHEVRON - Chevron Corporation (NYSE: CVX) reported earnings of $4.0 billion ($2.11 per share – diluted) for third quarter 2018, compared with $2.0 billion ($1.03 per share – diluted) in the third quarter of 2017.
![Oil](/cache/11-18/VARCO-19.425f8544.jpg)
2018, November, 7, 10:40:00
VARCO BUYS $500 MLN
NOV VARCO - National Oilwell Varco, Inc. (NYSE: NOV) announced that its Board of Directors has authorized a share repurchase program to purchase up to $500 million of the Company's outstanding common stock.