N.America
2017, September, 29, 12:20:00
RUSSIA INFLUENCES U.S.
“In light of Facebook’s disclosure of over $100,000 in social media advertising associated with Russian accounts focused on the disruption and influence of US politics through social media, it is likely that Russia undertook a similar effort using social media to influence the US energy market,”
2017, September, 29, 12:10:00
CANADA NEED $60
“Fifty-dollar WTI is not high enough to support a material uptick in oilsands investments,” said Randy Ollenberger, managing director of oil and gas equity research for BMO Capital Markets.
“Sustained US$60-plus oil prices are required to support most projects.”
2017, September, 29, 12:05:00
U.S. GDP UP 3.1%
Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the second quarter of 2017 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent.
2017, September, 27, 13:35:00
U.S. WANT OIL MARKET
If the US were to reimpose nuclear sanctions on Iran, the Trump administration would do so in a way that would have minimal impact on the global oil market, a senior State Department official said Tuesday.
2017, September, 25, 13:00:00
U.S. RIGS DOWN 1 TO 935
U.S. Rig Count is up 424 rigs from last year's count of 511, with oil rigs up 326, gas rigs up 98, and miscellaneous rigs unchanged at 1.
Canada Rig Count is up 82 rigs from last year's count of 138, with oil rigs up 45 and gas rigs up 37.
2017, September, 22, 08:55:00
U.S. OIL & CASH FLOW UP
Second-quarter 2017 financial statements for 55 U.S. oil companies indicate that aggregate liquids production grew year over year for the first time since the fourth quarter of 2015. Cash flow from operating activities also increased year over year, the third consecutive quarter of year-over-year growth, reaching the highest level in nearly two years.
2017, September, 22, 08:40:00
IRAQI OIL TO U.S.
Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.
2017, September, 22, 08:30:00
U.S. FEDERAL FUNDS RATE: 1 - 1.25%
In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.
2017, September, 20, 08:50:00
U.S. OIL + 79 TBD, GAS + 788 MCFD
Crude oil output from the seven major US onshore producing regions is forecast to increase 79,000 b/d month-over-month in October to 6.083 million b/d. Natural gas production from the seven regions is expected to climb 788 MMcfd month-over-month in October to 59.745 bcfd.
2017, September, 20, 08:30:00
U.S. DEFICIT UP TO $123.1 BLN
The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.
2017, September, 18, 12:30:00
RUSSIA - CHINA - VENEZUELA OIL
“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.
2017, September, 18, 12:20:00
U.S. - IRAN SANCTIONS
On Thursday, the administration extended certain sanctions on Iran's oil and banking sectors that have been suspended since the nuclear deal took place in January 2016.
2017, September, 18, 12:10:00
U.S. INDUSTRIAL PRODUCTION DOWN 0.9%
Industrial production declined 0.9 percent in August following six consecutive monthly gains. Hurricane Harvey, which hit the Gulf Coast of Texas in late August, is estimated to have reduced the rate of change in total output by roughly 3/4 percentage point. The index for manufacturing decreased 0.3 percent; storm-related effects appear to have reduced the rate of change in factory output in August about 3/4 percentage point. The manufacturing industries with the largest estimated storm-related effects were petroleum refining, organic chemicals, and plastics materials and resins.
2017, September, 18, 12:05:00
U.S. RIGS DOWN 8 TO 936
U.S. Rig Count is up 430 rigs from last year's count of 506, with oil rigs up 333, gas rigs up 97, and miscellaneous rigs unchanged at 1.
Canada Rig Count is up 80 rigs from last year's count of 132, with oil rigs up 37, gas rigs up 44, and miscellaneous rigs down 1.
2017, September, 11, 12:05:00
U.S. RIGS UP 1 TO 944
U.S. Rig Count is up 436 rigs from last year's count of 508, with oil rigs up 342, gas rigs up 95, and miscellaneous rigs down 1 to 1.
Canada Rig Count is up 68 rigs from last year's count of 134, with oil rigs up 28 and gas rigs up 41, and miscellaneous rigs down 1 to 0.