The U.S. has agreed to build six nuclear power plants in India, according to a joint statement from the two countries issued March 13 in Washington, D.C.
India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a sanctions waiver past early May, two sources with knowledge of the matter said. New Delhi is asking to be allowed to still buy Iranian oil at current levels of around 1.25 million tonnes per month, or about 300,000 barrels per day, the sources said.
PLATTS - "US LNG, if priced competitively, can play an increasing role in EU gas supply, enhancing diversification and EU energy security,"
PLATTS - An international tribunal on Friday ordered Venezuela to pay ConocoPhillips roughly $8.7 billion in compensation for the seizure of company assets in 2007.
U.S. BLS - Total nonfarm payroll employment changed little in February (+20,000), and the unemployment rate declined to 3.8 percent, the U.S. Bureau of Labor Statistics reported. Employment in professional and business services, health care, and wholesale trade continued to trend up, while construction employment decreased.
BHGE - U.S. Rig Count is down 11 rigs from last week to 1,027 rigs, with oil rigs down 9 to 834 and gas rigs down 2 to 193. Canada Rig Count is down 22 rigs from last week to 189, with oil rigs down 22 to 118 and gas rigs unchanged at 71.
PLATTS - The US and Russia saw the greatest year-on-year growth of LNG exports to Europe in February, on the back of higher production and flexible, price-driven supplies,
U.S. BEA - For 2018, the goods and services deficit was $621.0 billion, up $68.8 billion from $552.3 billion in 2017. Exports were $2,500.0 billion in 2018, up $148.9 billion from 2017. Imports were $3,121.0 billion, up $217.7 billion from 2017.
The USA risks losing a substantial portion of its nuclear power capacity unless it takes policy action, International Energy Agency Executive Director Fatih Birol told the US Senate
BHGE - U.S. Rig Count is up 57 rigs from last year's count of 981, with oil rigs up 43 and gas rigs up 14. Canada Rig Count is down 91 rigs from last year's count of 302, with oil rigs down 71 and gas rigs down 20.
Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January of last year.
U.S. BEA - Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2018, according to the "initial" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.
The 3rd Latin America Energy Forum will address the needs of Latin America's evolving energy sector, exploring the evolution of the region’s energy mix and the role of gas in supporting the increased use of nonconventional renewables.
REUTERS - Weak returns at U.S. shale producers could cost more executives their jobs and lead to increasing battles with activist investors, analysts said following changes at two producers.
REUTERS - Mexico’s Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday, underscoring the challenges facing a government that vows to pump far more in a few years.