N.America
![N.America](/cache/07-19/USA-024.0c0eb0ac.jpg)
2019, July, 20, 11:45:00
U.S. INDUSTRIAL PRODUCTION DOWN 1.2%
Industrial production was unchanged in June, as increases for both manufacturing and mining offset a decline for utilities. For the second quarter as a whole, industrial production declined at an annual rate of 1.2 percent, its second consecutive quarterly decrease.
![N.America](/cache/07-19/rig-117.13faf180.jpg)
2019, July, 20, 11:35:00
U.S. RIGS DOWN 4 TO 954
U.S. Rig Count is down 4 rigs from last week to 954, with oil rigs down 5 to 779, gas rigs up 2 to 174, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 1 rig from last week to 118, with oil rigs down 2 to 83 and gas rigs up 3 to 35.
![N.America](/cache/07-19/RIG-116.d6a4275e.jpg)
2019, July, 15, 12:00:00
U.S. RIGS DOWN 5 TO 958
U.S. Rig Count is down 5 rigs from last week to 958, with oil rigs down 4 to 784, gas rigs down 2 to 172, and miscellaneous rigs up 1 to 2. U.S. Rig Count is down 5 rigs from last week to 958, with oil rigs down 4 to 784, gas rigs down 2 to 172, and miscellaneous rigs up 1 to 2.
![N.America](/cache/07-19/CHEVRON-34.d120a778.jpg)
2019, July, 10, 12:40:00
CHEVRON, QATAR DEAL $8 BLN
Chevron Phillips Chemical, a joint venture of Chevron and Phillips 66, will be the majority owner with a 51 percent share, with Qatar Petroleum owning 49 percent of the project. The companies expect a final investment decision no later than 2021 for the project, which has a target of starting in 2024.
![N.America](/cache/07-19/LNG-168.34b17522.jpg)
2019, July, 9, 16:50:00
U.S. LNG DEMAND UP
Demand hit a single-day record high just below 6.4 Bcf/d on July 4 and was estimated at just under that level Monday, data compiled by S&P Global Platts Analytics shows.
![N.America](/cache/07-19/SANCTIONS-42.5a1cef5b.jpg)
2019, July, 5, 11:35:00
U.S., BRITAIN IRAN SANCTIONS
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West.
![N.America](/cache/07-19/SANCTIONS-43.d2f16355.jpg)
2019, July, 5, 11:30:00
U.S., VENEZUELA, CUBA SANCTIONS
The United States has targeted Cuba’s state-run company Cubametales as part of its Venezuela-related sanctions, according to a notice posted on the U.S. Treasury Department’s website on Wednesday.
![N.America](/cache/07-19/USA-021.b9e4225c.jpg)
2019, July, 4, 16:20:00
U.S. OIL INVENTORIES DOWN 1.1 MB TO 468.5 MB
US crude oil inventories for the week ended June 28, excluding the Strategic Petroleum Reserve, decreased by 1.1 million bbl from the previous week, according to data from the US Energy Information Administration.
![N.America](/cache/07-19/USA-020.654c9317.jpg)
2019, July, 4, 16:15:00
U.S. TRADE DEFICIT $55.5 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $55.5 billion in May, up $4.3 billion from $51.2 billion in April, revised.
![N.America](/cache/07-19/transcanada-22.5b01a98a.jpg)
2019, July, 4, 15:55:00
TC ENERGY SELLS U.S.: $1.275 BLN
TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced that it has entered into an agreement to sell its U.S. midstream assets held by its subsidiary, Columbia Midstream Group, to UGI Energy Services, LLC, a subsidiary of UGI Corporation (NYSE: UGI), for approximately US$1.275 billion (Cdn$1.7 billion). The transaction is expected to close in the third quarter of 2019 subject to closing adjustments and customary regulatory approvals.
![N.America](/cache/07-19/RIG-115.5af772bb.jpg)
2019, July, 4, 15:45:00
U.S. RIGS DOWN 4 TO 963
U.S. Rig Count is down 4 rigs from last week to 963, with oil rigs down 5 to 788, gas rigs up 1 to 174, and miscellaneous rigs unchanged at 1. Canada Rig Count is down 4 rigs from last week to 120, with oil rigs down 4 to 80 and gas rigs unchanged at 40.
![N.America](/cache/07-19/USA-019.ecafef19.jpg)
2019, July, 3, 11:30:00
U.S., CHINA TENSIONS
Tariffs, imposed by the US under Section 301 of the Trade Act of 1974, as well as retaliatory tariffs imposed by China on US imports, have already harmed the US oil and gas industry, according to testimony Padilla recently gave to the US Trade Representative's Section 301 committee
![N.America](/cache/07-19/USA-018.4710ef51.jpg)
2019, July, 3, 11:25:00
FOREIGN INVESTMENT IN U.S. UP 8.7%
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion (preliminary) in 2018. Expenditures were up 8.7 percent from $272.8 billion (revised) in 2017
![N.America](/cache/07-19/usa-017.ce2102fc.jpg)
2019, July, 2, 14:30:00
U.S. FOSSIL FUELS UP
Fossil fuels—petroleum, natural gas, and coal—have accounted for at least 80% of energy consumption in the United States for well over a century.
![N.America](/cache/07-19/usa-013.2180013d.jpg)
2019, July, 1, 11:30:00
U.S. GAS PRODUCTION UP 12%
In April 2019, for the 24th consecutive month, dry natural gas production increased year to year for the month. The preliminary level for dry natural gas production in April 2019 was 2,708 billion cubic feet (Bcf), or 90.3 Bcf/d. This level was 9.8 Bcf/d (12.2%) higher than the April 2018 level of 80.4 Bcf/d.