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,
PLATTS - Ukraine is looking at different ways to use its vast gas transit network should Kiev fail to agree a new transit deal with Russia's Gazprom once their existing contract expires at the end of 2019, a senior Ukrainian politician said.
WNN - Canada is well positioned to become a global leader in the development and deployment of small modular reactor (SMR) technology, Minister of Natural Resources Amarjeet Sohi said yesterday at the release of a report outlining the potential applications for SMRs in the country.
U.S. FRB - 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 2 to 2-1/4 percent.
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,”
U.S. BEA - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $54.0 billion in September, up $0.7 billion from $53.3 billion in August,
U.S. BLS - Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing.
WNN - The UK and Canada signed a bilateral Nuclear Cooperation Agreement (NCA), the third such agreement signed by the UK this year in preparation for its exit from the European Union. It will allow the UK and Canada to continue their "mutually beneficial" civil nuclear cooperation when current European Atomic Energy Community (Euratom) arrangements cease to apply in the UK, Department of Business, Energy and Industrial Strategy (BEIS) said.
BHGE - U.S. Rig Count is down 1 rig from last week to 1,067, with oil rigs down 1 to 874 and gas rigs unchanged at 193. Canada Rig Count is down 2 rigs from last week to 198, with oil rigs down 3 to 121, gas rigs up 1 to 77, and miscellaneous rigs unchanged at 0.
U.S. EIA - U.S. crude oil production reached 11.3 million barrels per day (b/d) in August 2018,
TRANSCANADA - TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) announced net income attributable to common shares for third quarter 2018 of $928 million or $1.02 per share compared to net income of $612 million or $0.70 per share for the same period in 2017.
U.S. BEA - Real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of 2018 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.2 percent.
PEMEX - Upon comparing the results of this quarter with the same quarter for the previous year, the following items stand out: (i) total sales increased by 33%; (ii) operation yield recorded a significant improvement of 83% and currently at 54 billion pesos; and (iii) the company recorded a net income of 27 billion pesos, compared to losses of 102 billion pesos recorded the previous year.
BHGE - U.S. Rig Count is up 1 rig from last week to 1,068, with oil rigs up 2 to 875 and gas rigs down 1 to 193. Canada Rig Count is up 9 rigs from last week to 200, with oil rigs up 1 to 124, gas rigs up 8 to 76, and miscellaneous rigs unchanged at 0.
EIA - Imports of liquefied natural gas (LNG) to the 28 countries that make up the European Union (EU-28) averaged 5.1 billion cubic feet per day (Bcf/d) in 2017, increasing for the third consecutive year but remaining below their 2011 peak.