2019, June, 3, 12:35:00ARAMCO'S OIL PRICES DIFFERENCES
Aramco hiked the July price differential for its flagship Arab Light grade by 60 cents/b to a premium of $2.70/b to the average of Oman/Dubai, the highest since January 2014, when it was a premium of $3.75/b to Oman/Dubai.
2019, June, 3, 12:25:00INDIA'S GDP UP, DEBT DOWN
The yield on 10-year rupee sovereign debt fell as much as 9 basis points to 6.94% after data late Friday showed gross domestic product rose 5.8% last quarter from a year earlier.
2019, May, 31, 12:35:00OIL PRICE: NEAR $65
Front-month Brent crude futureswere at $65.72 at 0844 GMT, down $1.15 from last session’s close. WTI crude futures were at $55.85 per barrel, down 74 cents from their last settlement.
2019, May, 31, 12:25:00GAZPROM'S PROFIT UP 44%
Profit attributable to owners of PJSC Gazprom amounted to RUB 535,908 million for the three months ended March 31, 2019 which is by RUB 164,285 million, or 44%, more than for the same period of the prior year.
2019, May, 31, 12:15:00BRITAIN'S OIL PRODUCTION UP 9%
UK oil production rose by nearly 9% on the year in the first quarter of 2019 to 1.18 million b/d, continuing a half-decade revival and beating industry expectations, government statistics released Thursday showed.
2019, May, 31, 12:05:00PETRONAS PROFIT UP 9%
First quarter Profit After Tax (PAT) stood at RM14.2 billion, up by 9 per cent on the back of higher revenue, but partially offset by increased net product and production costs, lower net write-back of assets impairment and higher contribution to the National Trust Fund.
2019, May, 31, 12:00:00ITACHA ACQUIRE CHEVRON $2 BLN
Ithaca Energy Ltd., a subsidiary of Delek Group Ltd., will acquire Chevron North Sea Ltd. (CNSL) for $2 billion, adding 10 producing field interests to Ithaca’s existing portfolio, four of which relate to assets operated by Ithaca.
2019, May, 30, 18:25:00OIL PRICE: NEAR $69 YET
Brent crude futures were at $69.03 per barrel at 1325 GMT, down 42 cents, or 0.6%, from their last close. WTI crude futures were up 23 cents, or 0.4%, at $59.04 a barrel, supported by expectations of a fall in U.S. crude inventories.
2019, May, 30, 18:20:00DIVERSIFICATION IS IMPORTANT
To put these two things together, the shale oil affecting both the volume of export and the price, plus the developments in clean technologies, tell me that for those countries who meet in Vienna, it has never been more important for them to diversify their economies. We have seen in Algeria, for example, one of the main reasons is the low oil price and the impact on the economy, and the same with Venezuela and elsewhere.
2019, May, 30, 18:10:00RUSSIA'S OIL PRODUCTION 11.12 MBD
Russia’s recent oil output is below the 11.18 billion bpd target Moscow has pledged as part of an international deal among producers to curb production to support prices.
2019, May, 30, 17:45:00BRAZIL'S OIL UP
Brazil has seen its exports of crude grow from 734,000 b/d in 2015 to 1.3 million b/d in Q1 of this year. In contrast, Mexico, which was once a powerhouse of oil production, has maintained its export status only through curtailment of domestic refining, not increased crude oil output.
2019, May, 30, 17:35:00GAZPROM'S PROFIT UP
Russia’s state-owned gas giant Gazprom increased its first-quarter net profit by 44 per cent over the previous year as higher gas prices offset lower gas export volumes.
2019, May, 30, 17:30:00LUKOIL'S PROFIT +36,8%
Profit attributable to shareholders totaled RUB 149.2 bln, up 36.8% year-on-year. The growth was restrained with higher DD&A due to the launch of new production facilities.
2019, May, 29, 11:20:00OIL PRICE: ABOVE $69 YET
Front-month Brent crude futures were at $69.53 a barrel at 0641 GMT, down 58 cents, or 0.8%, from last session’s close. U.S. West Texas Intermediate (WTI) crude futures were at $58.46 per barrel, down 70 cents, or 1.2%, from their last settlement.
2019, May, 29, 11:10:00U.S. SHALE PROBLEM
Despite the classic “wildcatting” image of plucky entrepreneurs trying their luck, smaller, independent drillers are losing access to capital