Oil
2020, November, 18, 14:25:00
UAE OIL PRODUCTION 2.4 MBD
The UAE produced 2.4 million b/d in October, according to secondary sources quoted in OPEC's November monthly oil report. The UAE's quota is 2.59 million b/d.
2020, November, 18, 14:20:00
U.S., S. KOREA OIL IMPORTS DOWN
South Korean refiners have sharply increased intakes of Middle East crude since May as they started to reduce imports of US grades due to expensive WTI compared with Dubai-linked Persian Gulf grades.
2020, November, 18, 14:05:00
TC ENERGY, NLE INVESTMENT $1 BLN
TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and Natural Law Energy (NLE) today announced they have signed a definitive agreement which allows NLE to make an equity investment of up to $1 billion in the Keystone XL pipeline project.
2020, November, 17, 13:25:00
OIL PRICE: NEAR $44
Brent rose 18 cents, or 0.4%, to $44.00 a barrel. WTI added 8 cents, or 0.2%, to $41.42 a barrel.
2020, November, 17, 13:20:00
OPEC+ CUTS PRODUCTION
OPEC+ ministers are weighing whether to relax their current 7.7 million b/d in collective production cuts to 5.8 million b/d as originally scheduled, maintain them at the same level for a few months, or even deepen them.
2020, November, 16, 12:40:00
OIL PRICE: ABOVE $43
Brent rose 54 cents, or 1.3%, to $43.32 a barrel. WTI was at $40.76 a barrel, up 63 cents, or 1.6%.
2020, November, 16, 12:10:00
U.S. RIGS UP 12 TO 312
U.S. Rig Count is up 12 from last week to 312 , Canada Rig Count is up 3 from last week to 89
2020, November, 13, 13:35:00
OIL PRICE: NEAR $43
Brent was down 51 cents, or 1.2%, at $43.02 a barrel. WTI fell 66 cents, or 1.6%, to $40.46 a barrel.
2020, November, 13, 13:25:00
OPEC+ RUSSIA REDUCING
Saudi Arabia and Russia, leaders of the 23-nation coalition, have already indicated publicly that they are thinking twice about easing production cuts in January as the resurgent pandemic hits fuel demand.
2020, November, 13, 13:20:00
U.S. OIL INVENTORIES UP 4.3 MB TO 488.7 MB
U.S. commercial crude oil inventories increased by 4.3 million barrels to 488.7 million barrels
2020, November, 13, 12:45:00
ROSNEFT NET LOSS RUB 177 BLN
In 9M 2020 negative Net income was RUB -177 bln (USD -2.1 bln). The reduction compared to 9M 2019 was a result of the negative effect of price fluctuations due to COVID-19 pandemic as well as the negative effect of non-monetary factors.
2020, November, 13, 12:40:00
ROSNEFT PRODUCTION 4.19 MBD
Brent fell 34 cents, or 0.8%, to $43.46 a barrel. WTI fell 30 cents, or 0.7%, to $41.15 a barrel.
2020, November, 12, 14:15:00
OIL PRICE: BELOW $44
Brent fell 34 cents, or 0.8%, to $43.46 a barrel. WTI fell 30 cents, or 0.7%, to $41.15 a barrel.
2020, November, 12, 14:10:00
GLOBAL OIL DEMAND UPDOWN
The global oil demand forecast for 2020 is revised down by 0.3 mb/d. For 2021, oil demand growth is expected to grow by 6.2 mb/d, y-o-y, representing a downward revision of 0.3 mb/d compared to last month’s assessment.
2020, November, 12, 14:05:00
OPEC CUTS 7.7 MBD
OPEC+ alliance's current 7.7 million b/d in output cuts could be maintained into 2021 instead of being eased as originally planned, or even extended.
